USD 15.8 billion
Router And Switch Market Size, Share, Growth Analysis, By Product(Internet Exchange Router, Service Provider Core Router, Multiservice Edge Router, Ethernet Service Edge Router), By Services(Broadb, Aggregation (BRAS), Ethernet Aggregation, Ethernet Access), By Region - Industry Forecast 2025-2032
Report ID:
SQSG45J2020 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
69
|Figures:
75
Router And Switch Market Insights
Router And Switch Market size was valued at USD 16.93 Billion in 2023 and is poised to grow from USD 18.13 Billion in 2024 to USD 24.85 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
Both switches and routers are used to connect networks. While switches connect different devices in a network, routers operate at the network layer and are tasked with determining the quickest path for packets. A switch is a device that gives local area network devices connections points (LAN). On a single network, several devices are connected using switches. Switches can be utilised to build more complex networks. Compared to routers, switches are typically employed in larger networks.
A router is linked to at least two networks, typically two LANs, WANs, or LANs as well as the network of the ISP. Multiple home and small office networks are linked to the Internet using routers. Routers are used by big enterprises, schools, and other organisations to connect their local area networks.
US Router And Switch Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Broadband Aggregation (BRAS)
Fastest Growth
Broadband Aggregation (BRAS)
Growth Rate
7.1% CAGR
Global Router And Switch Market2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Router And Switch Market Segmental Analysis
Router and Switch Market are segmented based on the product, service, and region. Based on the product, the global router and switch market are segmented as internet exchange router, service provider core router, multiservice edge router, ethernet service edge router, ATM switch, and others. Based on service, the global router and switch market is segmented as Broadband Aggregation (BRAS), Ethernet Aggregation, Ethernet Access, Internet Data Center/Collocation/Hosting, and Others. Based on region Router and Switch Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Router and Switch Market Analysis by Product
Based on the product, internet exchange, multiservice edge, ethernet service edge, service provider core routers, and ATM switch are examples of major products. Over the projection period, demand for these goods is anticipated to rise as carriers depend more and more on Ethernet to transport IP traffic in their networks.
For the delivery of carrier-class services, such as interactive, data, phone, and video content delivery, multiservice edge solutions are created and optimized. By combining BRAS, Ethernet aggregation, and IP/MPLS Provider Edge (PE) features on a single small platform, it streamlines and consolidates the edge of the service provider network. High-performance multicast routing paired with a wide variety of outside and internal gateway-routing protocols is supported by multiservice edge devices. It can be used in applications like peering, edge aggregation, and service routing that require high-performance IP routing.
Router and Switch Market Analysis by Services
The global router and switch market has been segmented on the basis of services as, Broadband Aggregation (BRAS), Ethernet Aggregation, Ethernet Access, Internet Data Center/Collocation/Hosting and others. Over the forecast period, the Ethernet access services segment is anticipated to expand at a CAGR of about 4%. Because of its great performance and economic advantages, Ethernet technology is a highly preferred access service. To enable consumers to connect to their international sites with plug-and-play Ethernet connections, the service providers active in the market are providing WAN Ethernet services at cheap pricing plans. Additionally, they are able to escape the congestion that other Multiprotocol Label Switching (MPLS) networks encounter.
Global Router And Switch Market By Services 2021 (%)
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Router And Switch Market Regional Insights
Due to the expanding trend of working from home, North America is anticipated to rank among the top regions in the global market for routers and switches over the forecast period. The market for routers and switches is anticipated to be driven by advanced broadband infrastructure and the requirement for a robust network mechanism to sustain convenient workflow.
In the next two years, 20 to 30% of the US workforce is anticipated to spend more than a week working from home, according to Global Workplace Analytics. Thus, it is anticipated that this factor will have a substantial effect on the expansion of the router and switch market in North America. In addition, modernised broadband infrastructure and the requirement for a dependable network system to support a variety of devices are anticipated to aid the market growth.
Also, due to the rising demand from both small and large businesses, Asia Pacific is another important market for routers and switches. The forecast period is expected to see the region develop at a sizable CAGR.
The growing desire for on-demand viewing on a global scale, as well as the increased use of tablets, laptops, and smartphones, are driving the industry in the region. However, it is anticipated that the market growth for routers and switches in the upcoming years would be constrained by weakness in the public sector vertical along with the sluggish market in several regions of Europe due to the possibility of substitution from lower-end devices.
Global Router And Switch Market By Geography, 2022-2028
- Largest
- Fastest
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Router And Switch Market Dynamics
Router and Switch Market Driver
- During the period of projection, the worldwide router and switch market is anticipated to expand. Some of the key reasons driving the growth of this market are the requirement for cutting-edge networking solutions and the rising demand for high-speed internet. The expansion of this market is also being fueled by an increase in businesses and the implementation of Bring Your Own Device (BYOD) regulations.
- The need for data centres is anticipated to rise due to the expanding use of big data analytics and cloud-based services across a range of end-user segments. During the forecast period, it is anticipated that the rise in data centres would accelerate the usage of switches and routers.
Router and Switch Market Restraint
- In the upcoming years, growth of the global routers and switches market is anticipated to be restrained by softness in the public sector vertical, in addition to the weaker market in several regions of Europe due to the danger of competition from lower-end devices.
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Router And Switch Market Competitive Landscape
A large variety of well-established and newly-emerging businesses that concentrate on new product innovations make up the router and switch industry. Major businesses like Cisco, Huawei, Ericsson, and Alcatel-Lucent dominate the market and are actively investing in R&D operations to promote product innovation and stay one step ahead of their rivals. With the increasing demand in the worldwide industry, market participants in the router and switch market may expect to have attractive growth prospects in the future.
Top Players in the Global Router and Switch Market
- Cisco Systems
- Huawei Technologies
- Juniper Networks
- Nokia Networks
- Hewlett Packard Enterprise
- Dell Technologies
- Extreme Networks
- Ericsson
- Arista Networks
- Brocade Communications Systems
- Netgear
- ZTE Corporation
- TP-Link Technologies
- D-Link Corporation
- Allied Telesis
- Fortinet
- Palo Alto Networks
- Check Point Software Technologies
- F5 Networks
- Riverbed Technology
Router and Switch Market Recent Developments
- In July 2022, Ericsson’s dual-mode 5G Core supports WINDTRE network’s 5G service expansion for both non-standalone and standalone services, by enabling the fast introduction of new services for consumers and enterprises
- In March 2022, NEXCOM, a leading supplier of network appliances, and Telco Systems, a leading provider of edge compute solutions, today announced the availability of a commercial-ready solution for SOHOs and mid-range businesses looking to run virtual workloads at the network edge.
Router And Switch Key Market Trends
- Focusing on the networks that link the data centers is one trend among the providers. Inter-data center networks are being transformed to meet new services and network requirements for low latency, virtualization, security, automation, and bandwidth scalability.
- The Internet of Things is assisting the growth of the router and switch infrastructure market because the trend's upward trajectory will result in an increase in data and the consequent need for network infrastructure, both of which will support the expansion of the router and switch infrastructure market. The growth of the global router and switch market is being driven by the growing need for network infrastructure to support cloud services.
Router And Switch Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global router and switch market analysis, in terms of services, Ethernet access services is anticipated to expand at a CAGR of about 4%. The rising use of fast Gigabit Ethernet is what is fueling the expansion of the global router and switch market. It is projected that the growing use of PoE for a variety of applications and the convergence of residential and commercial networks would propel the growth of the global router and switch market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 15.8 billion |
| Market size value in 2031 | USD 23.2 billion |
| Growth Rate | 7.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Router And Switch Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Router And Switch Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Router And Switch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Router And Switch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Router And Switch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Router And Switch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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