Router and Switch Market Outlook
According to the report by Expert Market Research (EMR), the global router and switch market share grew significantly in 2023. Aided by growing work from home trend and rising usage of tablets and smartphones, the market is projected to further grow between 2024 and 2032.
Routers and switches are fundamental components of any modern network. Routers are networking devices that direct data packets between computer networks, while switches connect devices within a network, such as computers and servers, enabling them to communicate efficiently. Both are integral in facilitating seamless communication and enhancing the security and management of network traffic.
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The exponential increase in the number of internet users, amplified by the global adoption of smart devices, is driving the need for robust networking equipment like routers and switches. The growing consumption of bandwidth-intensive applications, such as video streaming and cloud computing, is exacerbating the router and switch market demand further.
The deployment of 5G networks is likely to bring about a revolutionary change in data communication, which will necessitate the overhaul of existing network infrastructures. Additionally, the advent of the Internet of Things (IoT) has led to a surge in the number of connected devices, thereby driving the demand for efficient networking solutions.
As per the router and switch market analysis, the Asia Pacific region, led by countries like China and India, is expected to dominate the market due to rapid industrialisation and increasing adoption of smart devices. North America and Europe are also significant markets, fuelled by advanced infrastructure and a high degree of internet penetration.
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The integration of AI and machine learning technologies into networking solutions is an emerging router and switch market trend. These technologies allow for smarter network management, with predictive analytics and automated troubleshooting. Software-Defined Wide Area Networking (SD-WAN) is gaining traction. It offers more flexible and cost-effective solutions compared to traditional WAN architecture and is expected to be a significant growth area for the router and switch market.
Router and Switch Market Segmentation
The market can be divided based on product, service, and region.
Market Breakup by Product
- Multiservice Edge Router
- ATM Switch
- Ethernet Service Edge Router
- Internet Exchange Router
- Service Provider Core Router
- Others
Market Breakup by Service
- Ethernet Aggregation
- Internet Data Centre/Collocation/Hosting
- Ethernet Access
- BRAS
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global router and switch market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cisco Systems, Inc.
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- Actelis Systems, Inc.
- ALE International
- ZTE Corporation
- Others
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