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 2024-2031

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.