Proliferating implementation of cloud computing solutions is anticipated to drive the Router And Switch Market demand in coming years

Sellbyville, DE -- (SBWire) -- 01/18/2019 --The Router And Switch 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.

Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics ADTRAN, ADVA Optical Networking, Alcatel-Lucent, Cisco, ECI Telecom, Ericsson, Extreme Networks, ZTE Corporation, Huawei Technologies, Juniper Networks, RAD Data Communications and Tellabs are some of the major players in the router and switch market.

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Ethernet service edge router market was valued at USD 9.62 billion in 2014 and it is likely to reach USD 12.63 billion by 2022. Application-Specific Integrated Circuits (ASIC) are combined with hardware as well as software elements to meet customer requirements such as quality, total scalability, cost of ownership, experience and security requirements. BYOD market growth is anticipated to boost demand by offering numerous benefits such as cost reductions, employee satisfaction as well as better productivity.

Mobile data traffic is estimated to burst over the forecast period owing to increasing number of devices over the network accompanied by faster network deployed by the operators. Recovering networks from large scale routers, being a time-consuming exercise, might hamper the router and switch market size. Furthermore, localizing and detecting large-scale router failures are critical to enhance network reliability. Rising number of smart phones, wireless devices and highly developed network namely 3G, 4G and LTE is expected to provide potential growth opportunities.

Internet Exchange Router was valued at USD 13.04 billion in 2014 and it is forecast to reach USD 16.37 billion by 2022. The spur in demand can be subjected to its property of being the basic building block of the internet. Service provider core router was valued for USD 3.13 billion in 2014. It is estimated to grow at a CAGR of 2.8% from 2015 to 2022 due to optimized power consumption and high efficiency furnished by the system.

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Internet data center accounted for 40.6% of the overall market share in 2014. It is anticipated to grow accounting 41.8% of the total share by 2022. The surge in the industry can be accredited to features offered by the system namely higher bandwidth at economical price and enhanced power & space access.

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.

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