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.
The report covers the SP switching and routing device basics including its applications, definitions, manufacturing methods, classifications, cost structures, and product specifications, etc. Furthermore, it offers analysis of the market conditions in the top global regions including the market growth rate, product price, profit, etc.
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Key products include multiservice edge, Internet exchange, ATM switch and Ethernet service edge etc. Internet exchange router is likely to show a substantial growth and surpass USD 16 billion during the projected period. Service provider core router is expected to witness growth at a CAGR of over 2.5% in next few years owing to multiple system offerings including less power consumption, high efficiency, optimized rack space usage for improved bandwidth capacity etc. Ethernet service edge router market is forecast to hit USD 12.63 billion from 2015 to 2022. BYOD market growth is likely to impel demand with its numerous advantages including better productivity and reduced costs. BRAS (Broadband Access Aggregation) is likely to see a substantial growth owing to high demand for high speed services.
Mobile data traffic explosion is expected over the projected time frame attributed to rising smartphone usage, proliferation of wireless devices, 3G/4G and LTE networks globally.
North America router and switch industry 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.
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.