North America router and switch market is expected to be worth USD 15.5 billion at a growing CAGR of 2% during the forecast timeframe. The surge is attributed to noticeable growth in backhaul investments in the region. Asia Pacific, China in particular is projected to witness a substantial growth due to increasing demand for high-definition content and multi-screen delivery.
Application-Specific Integrated Circuits (ASIC) along with software and hardware components offers precise solutions to satisfy the customer requirements. The advantages of ASIC are achieving the clients demand in terms of quality, scalability, cost of ownership and security. Booming urge for software solutions is driving the router and switch market demand.
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Substantial number of businesses across the world are encouraging application of BYOD use thereby facilitating their workers to carry their own devices allowing employees to make fast decisions and access real time data. BYOD segment is the key factor for security enhancement systems to tackle complex situations owing companies to invest in IT. Moreover, it has benefits such as employee satisfaction, better productivity, and cost reductions which will support the router and switch market growth.
Fast network deployment is aiding to increase in number of mobile devices. Spur in router and switch market is witnessed due to rise in number of smart phones, wireless devices, and networks such as 3G,4G, and VoLTE.
Internet protocols are large scale networks carrying bulk data. Thus, network failure may lead to huge amount of losses. High costs are involved in regular maintenance of the hardware components and upgradation of software solutions. These excessive costs may restrict the router and switch market growth rate.
Ethernet service edge device is expected to exceed USD 10 billion by 2022. Service provider core router market was valued at USD 3 billion in 2014, and will witness growth owing to features such as low power consumption, high efficiency and optimized rack space.
Global Market Insights Inc. announces a new study based report on router and switch market. The market size is estimated to be worth USD 41.02 billion by 2022. The report is a professional and detailed qualitative market research on the current scenario of the key regional markets. It also features a comprehensive discussion about the market trends, aspects like drivers, restraints, opportunities, challenges that impact SP switching and routing device market. The boom in adoption to cloud computing solutions is likely to propel the Router and switch segment.
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Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics. Cisco Systems, Juniper Networks, Alcatel-Lucent, ZTE Corporation and Huawei Technologies are some of the major players in the router and switch market.
Some Points From Table Of Content: –
Chapter 4. Router And Switch Market Product Insights
4.1. Internet Exchange Router
4.1.1. Global market estimates and forecasts by region, 2012 – 2022
4.2. Service Provider Core Router
4.2.1. Global market estimates and forecasts by region, 2012 – 2022
4.3. Multiservice Edge Router
4.3.1. Global market estimates and forecasts by region, 2012 – 2022
4.4. Ethernet Service Edge Router
4.4.1. Global market estimates and forecasts by region, 2012 – 2022
4.5. ATM Switch
4.5.1. Global market estimates and forecasts by region, 2012 – 2022
Chapter 5. Router And Switch Service Insights
5.1.1. Global market estimates and forecasts by region, 2012 – 2022
5.2. Ethernet Aggregation
5.2.1. Global market estimates and forecasts by region, 2012 – 2022
5.3. Ethernet Access
5.3.1. Global market estimates and forecasts by region, 2012 – 2022
5.4. Internet Data Center/Collocation/Hosting
5.4.1. Global market estimates and forecasts by region, 2012 – 2022
5.5.1. Global market estimates and forecasts by region, 2012 – 2022
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