According to a new report, published by KBV research, The Global Router And Switch Market size is expected to reach $75.1 billion by 2029, rising at a market growth of 7.1% CAGR during the forecast period.
The ATM & Ethernet Switch segment is leading the Global Router And Switch Market by Product in 2022 thereby, achieving a market value of $47.2 billion by 2029. A portion of the wider networking industry for routers and switches comprises ATMs and Ethernet switches. The need for high-speed networking solutions is growing as greater data-intensive services & applications are developed, fueling expansion in the ATM & Ethernet switch industries. The creation of multiprotocol switch solutions, which give enterprises more flexibility & scalability, is another result of the convergence of ethernet, ATM, and other networking technologies.
The Ethernet Aggregation segment has shown the growth rate of 7.5% during (2023 - 2029). The shift toward faster ethernet connectivity is the factor that has led to the segment's growth. For quicker connectivity to devices like wireless access points and network-attached storage, multi-gigabit ethernet technologies, including 2.5GbE and 5GbE, are gaining popularity in the business area. In addition, 10-gigabit ethernet (10GbE) has grown in popularity for data centers. In order to accommodate the increased bandwidth needs of data centers, there is also an increasing demand for 40GbE and 25GbE ethernet.
The North America market dominated the Global Router And Switch Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $27.9 billion by 2029. The Asia Pacific market is exhibiting a CAGR of 7.6% during (2023 - 2029). Additionally, The Europe market would showcase a CAGR of 6.6% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/router-and-switch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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