Router and Switch Market

Router and Switch Market - Overview

The global router and switch market is projected to grow at a promising rate from 2021 to 2031 (forecast period). The COVID-19 pandemic had a favorable impact on the global router and switch market. As a result of COVID-19, governments in several countries implemented lockdowns, forcing a large number of individuals to work from home. This created revenue-generation opportunities in router and switch market. An Internet connection is critical for a seamless work-from-home process. Work-from-home culture is expected to be the new standard even after the lockdown. As a result, the global router and switch market is expected to acquire significant traction throughout the projected period.

Router and Switch Market - Competitive Landscape

The global router and switch market is very competitive, with multiple players vying for market share. To differentiate themselves from the competition, the leading companies are engaged in a variety of research and development efforts. Numerous businesses often engage in mergers, acquisitions, partnerships, collaborations, and joint ventures to improve their position in the router and switch market.

Leading players in the router and switch market are ZTE Corporation, Huawei Technologies, Juniper Networks, and Cisco.

Router and Switch Market - Trends and Opportunities

The global router and switch market has witnessed massive growth amid the COVID-19 pandemic. Moreover, initiatives such as broadband highways are expected to boost the global router and switch market. The increasing reliance on cloud-based systems is projected to serve as a growth driver for the global router and switch market. Furthermore, the proliferation of Wi-Fi hotspots on university campuses and colleges and the advent of many e-retailers are expected to propel the growth of the global router and switch market.

Additionally, increasing mobile data traffic is projected to present growth opportunities in the global router and switch market during the forecast period. Mobile data traffic is expected to skyrocket in the near future as operators build faster networks and customers connect more devices to mobile networks. This growth in demand can be ascribed to a surge in smartphone usage, a rise in wireless devices in networks, and the global installation of faster networks such as 3G/4G and LTE.

Moreover, to address the increasing risk of Wi-Fi router hacking, companies are focused on upgrading security configurations to make routers safer. Some of the major aspects that may prove advantageous for increasing the sales of the router and switch market are built-in denial-of-service (DoS) attack protections, options for configuring parental controls, and the capacity to filter unwarned domains. Furthermore, the increased demand for extensive R&D has resulted in the creation of improved products designed for ease of use and control to fulfill process requirements. This has significantly broadened the area of enhanced bandwidth IP routing services, which is anticipated to fuel the router and switch market during the projection period.

Router and Switch Market - Regional Landscape

The router and switch market in North America is expected to expand during the forecast period due to the growing adoption of the work-from-home process. According to Global Workplace Analytics, within the next two years, 20-30% of the US workforce is likely to work from home for more than one week. As a result, this aspect is projected to have a significant impact on the growth of the router and switch market in North America. Moreover, upgraded broadband infrastructure and the need for a reliable network mechanism to accommodate a multitude of gadgets are expected to aid the router and switch market growth.

Asia Pacific is projected to contribute to the global router and switch market during the forecast period. China is likely to be the largest revenue generator in router and switch market in Asia Pacific due to the growing demands for high-definition content, multi-screen delivery, on-demand viewing, the burgeoning use of smartphones and tablets, and the rising adoption of cloud applications.