North America Router And Switch Market Size, Share & Industry Trends Analysis Report By Product, By Service (Internet Data Center/Collocation/ Hosting, BRAS, Ethernet Aggregation, Ethernet Access), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Router And Switch Market would witness market growth of 6.5% CAGR during the forecast period (2023-2029).
Switches improve the network's bandwidth and can be linked directly to workstations or other devices. Additionally, it improves the network's performance. The workload on a single host, such as a PC, can be lessened with a switch. Switches create the collision domain for each network, which results in fewer frame collisions in networks with switches.
Ethernet cable, wi-fi, and WLAN are just a few of the network architectures that routers can connect to. Password protection and extremely secure network access are also provided, and the collision feature lowers network traffic. Most networking devices may readily join at any time without worrying about a tangle of wires due to wireless routers. With the aid of the routing table and intelligence, it delivers data packets to the desired location through the best path.
Contrary to the traditional networking supply chain, which relied on contract manufacturers to supply OEMs with cost-effective manufacturing supplies, the new networking supply chain relies on original design manufacturers to supply OEMs or end users directly with these products after being rebranded by OEMs with high gross margins.
Demand for rapid internet connectivity has increased as a result of the growing deployment of data centers run by cloud service providers (CSP), telecommunication service providers, businesses, and governments. The US will probably help meet the expanding need for data centers by building new ones and renovating those that already exist. The number of connected devices is expanding in several regional nations. The efforts of regional governments to incorporate their economies are also stepping up. The region's industries are also progressively incorporating modern machinery and technology, as well as technical advancements. The need for routers and switches is growing in the region as a result of an increase in the number of connected devices, which is accelerating the market's expansion.
The US market dominated the North America Router And Switch Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $20,121.7 million by 2029. The Canada market is poised to grow at a CAGR of 9% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
- ATM & Ethernet Switch
- Internet Exchange Router
- Ethernet Service Edge Router
- Multiservice Edge Router
- Service Provider Core Router
- Internet Data Center/Collocation/ Hosting
- Ethernet Aggregation
- Ethernet Access
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- ALE International S.A.S
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