Router and Switch Market is estimated to reach a market size of US$ 54.876 billion by 2028

router and switch market

The global router and switch market was valued at US$39.322 billion in 2021 and is anticipated to grow at a CAGR of 4.88% over the forecasted period to reach a market size of US$54.876 billion in 2028.

Businesses are embracing digital technology to enhance operations as a result of the growing need for network connection and the explosion of internet usage, which is driving the market. The need for routers and switches has expanded in tandem with the growth of cloud computing, the Internet of Things, and other technologies, which have raised the requirement for fast and dependable network connectivity. The industry has also grown as a result of the global proliferation of internet-enabled gadgets in both developed and developing nations.

The local area network may be expanded by connecting more devices and networks through the use of an Ethernet switch. In contrast, the router allows several network devices to share a single IP address. While the primary function of a router is to facilitate connections between other routers, the primary function of an Ethernet switch is to establish networks. There is just one WAN port and one LAN port on each router. Several ports on the switch allow various LAN-connected devices to interact with one another. Printers and PCs are some of these gadgets. Computers and other devices may access the internet thanks to the router. The need for routers and switches is being driven by the expanding e-commerce sector as online companies want to enhance their network connectivity and infrastructure. The need for routers and switches with sophisticated network management features rises as the number of connected devices grows and efficient administration and control of these devices becomes crucial. As the number of connected devices rises, there is a greater need for switches and routers that can manage more traffic and data transfer. There is a growing need for routers and switches that can offer secure connections and defend against cyber attacks as a result of the rise in connected devices and security concerns.

The market is witnessing multiple collaborations and technological advancements, for instance, the leader in open networking solutions, Edgecore Networks, declared in December 2022 the release of the AGR400 series, a new generation of advanced 100G open aggregation routers, to help businesses and service providers implement cutting-edge solutions for Internet peering, 5G networks, OpenBNG, and aggregation applications that are future-proof and cutting edge. Based on the most recent Broadcom StrataDNXTM Qumran2C silicon, the Edgecore AGR400 series offers open networking platforms that support a range of applications, including core, metro, and aggregation.

Based on product type the global router and switch market is divided into internet exchange routers, ethernet service edge routers, ATM switches, multiservice edge routers and service provider core routers. Among these, the ATM switches segment grew significantly and is likely to dominate the market over the forecast period. The ATM and Ethernet switch industries are expanding as a result of the growing need for high-speed networking solutions brought on by the emergence of increasingly data-intensive applications and services. Furthermore, multi-protocol switch solutions which provide enterprises with more flexibility and scalability are being developed as a result of the convergence of ATM, ethernet, and other networking technologies. The ATM is appropriate for demanding multimedia and video conferencing applications because it offers gigabit-speed high-speed data transmission. Large networks find it appealing since it is also easily expandable to accommodate growing network requirements.

Based on end-users the global router and switch market is divided into travel and transport, communication and technology, energy and power, military and defence, manufacturing, healthcare and others. Among these, the communication and technology segment emerged as the major market proponent and is poised to dominate the market over the forecast period. Over the course of the forecast period, rising mobile data traffic is anticipated to offer growth possibilities in the worldwide router and switch market. In the foreseeable future, as operators develop faster networks and users connect more devices to mobile networks, mobile data traffic is predicted to soar. The increase in demand may be attributed to several factors, including the rise in the use of smartphones, the expansion of wireless devices in networks, and the construction of faster networks like LTE and 5G/4G globally. The global router and switch industry is expected to develop as a result of people’s growing dependence on cloud-based solutions. In addition, the emergence of numerous e-retailers and the spread of Wi-Fi hotspots on college and university campuses are anticipated to fuel the expansion of the worldwide router and switch market.

Based on geography the majority of the market share and market dominance were held by North America because of the region’s multinational corporations’ quick adoption of cutting-edge technology. Service providers in North America are upgrading their core networks, mobile backhaul, aggregation, and access due to the growth of fixed broadband traffic and the surge in mobile data traffic. Software-defined networking (SDN) and network functions virtualization (NFV) are becoming more and more popular, which is driving up demand for software-based switches and routers. To keep up with the rapid advancement of technology, the government has invested heavily in infrastructure, building new network infrastructure and creating fast networks.

As a part of the report, the major players operating in the global router and switch market, that have been covered are Cisco Systems Inc., Siemens Ltd., Telco Systems, ZTE Corporation, Juniper Networks, Inc., RAD Data Communications Ltd., Huawei Technologies Co., Ltd., Avaya Inc, Phoenix Contact, ADTRAN Inc., ECI Telecom Ltd, Extreme Networks, Inc., Dell, Inc., Nokia Corporation.

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These analytics report segments the global router and switch market on the following basis:

  • By Product Type
    • Internet Exchange Router
    • Ethernet Service Edge Router
    • ATM Switch
    • Multiservice Edge Router
    • Service Provider Core Router
  • By End-User Industry
    • Travel and Transport
    • Communication and Technology
    • Energy and Power
    • Military and Defence
    • Manufacturing
    • Healthcare
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East And Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others