The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing reliance on cloud-based solutions is projected to drive future growth in the router and switch industry.

The global router and switch market is expected to grow from $10.61 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global router and switch market size is expected to reach $14.97 billion in 2027 at a CAGR of 7.1%.

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Global Router And Switch Market Segments Include:

• By Product: Internet Exchange Router, Multiservice Edge Router, Ethernet Service Edge Router, Service Provider Core Routers, ATM Switch, Other Products
• By Service: Ethernet Aggregation, Internet Data Center/Collocation/Hosting, Ethernet Access, Broadband Remote Access Server (BRAS)
• By Application: Residential, Commercial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global router and switch market in 2021.

Major Market Players in the router and switch market include Cisco Systems Inc., ALE International, Huawei Technologies Co. Ltd., Juniper Networks, Actelis Networks Inc., Telefonaktiebolaget LM Ericsson.

Product innovation is an important trend that is gaining traction in the router and switch market. Major firms in the router and switch industry are focusing on producing new products to increase their market position. For example, Cisco Systems, Inc., a US-based provider of information technology and networking services, announced the 9000X series of switches in February 2022. The 9000X series switches are distinguished by the fact that they combine a strong Catalyst switch with Cisco Silicon One to provide top performance and speeds, as well as the security required for hybrid work. The new Catalyst 9000X models expand the switching family by providing the backbone required to handle 100G/400G network access for campus-wide hybrid operations as well as branch extension with zero-trust security.

The Router And Switch Global Market Report 2023  provides a router and switch market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The router and switch market forecast analyzes router and switch market size, router and switch market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A router is a networking instrument that joins many switches and their networks to form a large network, whereas a switch is a networking device that connects various network devices. Switches are used to share information and resources inside a small company network, while the router distributes or routes the internet connection from the modem to all networking devices.

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