The Latin America, Middle East and Africa Router And Switch Market would witness market growth of 10.2% CAGR during the forecast period (2023-2029).
IoT is expanding because of the substantial investment made by both the public and private sectors. As a result, there is a rising need for routers and switches that can support IoT-specific protocols and offer secure connectivity for IoT devices resulting from the development of the Internet of Things (IoT). The market for routers and switches is characterized by numerous well-known multinational corporations and numerous small and medium providers.
The latest technologies that increase access speed and router and switch space are the focus of the R&D efforts of significant firms. Furthermore, several suppliers are expanding their footprint to improve their market position and income. As a result, the adoption rate of router and switch equipment is anticipated to rise due to such activities.
The Dubai IoT plan unifies the data sources for the Dubai Pulse platform, which serves as the city's digital backbone. It creates unmatched economic and social benefits for Dubai's citizens, fosters new growth potential, and improves overall sector efficiency. The plan is ready to be implemented throughout four phases over the next three years. The second phase focuses on combining, converting, and improving searches to better efforts toward implementing the IoT plan. The third phase focuses on optimization, after which the approach moves on to the last step of the "blockchain journey." IoT policies will be fully integrated at this time, and the strategy will begin to show a return on investment. In the upcoming years, the growth of the regional market will accelerate due to the growing government initiatives in creating IoT-based smart environments.
The Brazil market dominated the LAMEA Router And Switch Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,265.3 million by 2029. The Argentina market is anticipated to grow at a CAGR of 10.8% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 9.9% during (2023 - 2029).
Based on Product, the market is segmented into ATM & Ethernet Switch, Internet Exchange Router, Ethernet Service Edge Router, Multiservice Edge Router and Service Provider Core Router. Based on Service, the market is segmented into Internet Data Center/Collocation/ Hosting, BRAS, Ethernet Aggregation, Ethernet Access and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Router And Switch Market is Projected to reach USD 75.1 Billion by 2029, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Fortinet, Inc., Ribbon Communications, Inc., Extreme Networks, Inc., Dell Technologies, Inc., ADTRAN, Inc., Actelis Networks, Inc. and ALE International S.A.S.
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