Router and Switch Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Router and Switch Market was valued at USD 51.5 billion in 2023 and is projected to grow at a CAGR of over 5% from 2024 to 2032. The market's expansion is driven by the rapid evolution of technology, increased internet usage, and the growing adoption of IoT devices, smart home systems, and industrial automation. These factors are contributing to a surge in demand for strong network infrastructure capable of managing rising data traffic. Routers and switches play a pivotal role in ensuring seamless connectivity and efficient data management, propelling market growth.

The widespread adoption of cloud services by both businesses and individuals further fuels the demand for advanced networking solutions. Cloud computing requires reliable and scalable network equipment to support data storage, processing, and access, driving investments in sophisticated routers and switches to enhance cloud infrastructure. This shift towards cloud-based solutions is a key growth driver for the router and switch market.

The router and switch market is segmented based on Technology, Product, Service, Network Type, End User, and Region.

Based on end use r, the residential segment is expected to reach a value of over USD 25 billion by 2032. Key growth drivers include the rising popularity of smart home devices and the expansion of high-speed internet access. Consumers are increasingly investing in routers and switches that offer high bandwidth and seamless connectivity for a variety of smart devices, such as security and home automation systems. Additionally, the growing prevalence of streaming services, online gaming, and remote work is driving increased demand for reliable, high-speed internet connections, fueling market growth in the residential sector.

Based on technology, the wireless segment, which includes Wi-Fi and 5G technologies, is the fastest growing, with a CAGR of over 5% between 2024 and 2032. The rise in mobile device usage, including smartphones and laptops, is boosting demand for robust wireless connectivity. Innovations in Wi-Fi standards and the rollout of 5G networks are enhancing network performance and capacity, meeting the growing demands for high data rates and low latency.

North America dominated the router and switch market in 2023, holding over 35% market share. The region's advanced technological infrastructure and high adoption of new technologies are driving demand for cutting-edge wireless solutions. The expansion of 5G networks and advancements in Wi-Fi standards cater to the increasing need for high-speed, reliable internet to support smart homes, IoT devices, and remote work applications.

Product Code: 174

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing internet penetration and digitalization
  - 3.8.1.2 Proliferation of IoT devices
  - 3.8.1.3 Cloud computing adoption
  - 3.8.1.4 Expansion of remote work and online education
  - 3.8.1.5 Government initiatives for network infrastructure
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Cybersecurity threats
  - 3.8.2.2 High initial costs
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD billion)

5.1 Key trends
5.2 Wired (Ethernet, Fiber)
5.3 Wireless (Wi-Fi, 5G)
5.4 Hybrid

Chapter 6 Market Estimates and Forecast, By Product, 2021 - 2032 (USD billion)

6.1 Key trends
6.2 Internet exchange router
6.3 Service provider core router
6.4 Multiservice edge router
6.5 Ethernet service edge router
6.6 Enterprise routers
6.7 Home/Small office routers
6.8 ATM and Ethernet switch
6.9 Data center switches
6.10 Others

Chapter 7 Market Estimates and Forecast, By Service, 2021 - 2032 (USD billion)

7.1 Key trends
7.2 Network design and implementation
7.3 Network management and monitoring
7.4 Network security services
7.5 Network optimization and troubleshooting
7.6 BRAS (broadband remote access server)
7.7 Ethernet
7.8 Internet data center/Collocation/Hosting
7.9 Others

Chapter 8 Market Estimates and Forecast, By Network Type, 2021 - 2032 (USD billion)

8.1 Key trends
8.2 Local area network (LAN)
8.3 Wide area network (WAN)
8.4 Metropolitan area network (MAN)
8.5 Storage area network (SAN)
8.6 Others

Chapter 9 Market Estimates and Forecast, By End User, 2021 - 2032 (USD billion)

9.1 Key trends
9.2 Residential
9.3 Commercial
- 9.3.1 BFSI
- 9.3.2 Healthcare
- 9.3.3 Retail
- 9.3.4 IT and ITES
- 9.3.5 Others
9.4 Industrial
- 9.4.1 Telecommunication
- 9.4.2 Manufacturing
- 9.4.3 Energy and utilities
- 9.4.4 Transportation and logistics
- 9.4.5 Others
9.5 Government/Public sector
9.6 Education
9.7 Service provider networks
9.8 Others

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD billion)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Actelis Networks, Inc.
11.2 Adtran
11.3 ADVA Optical Networking
11.4 ALE International
11.5 Allied Telesis
11.6 Arista Networks
11.7 Brocade Communications Systems
11.8 Cisco Systems, Inc.
11.9 Dell Technologies Inc.
11.10 D-Link Corporation
11.11 Ericsson
11.12 EXTREME NETWORKS, INC.
11.13 F5 Networks
11.14 Fortinet
11.15 Hewlett Packard Enterprise
11.16 Huawei Technologies Co., Ltd.
11.17 Juniper Networks
11.18 Nokia Networks
11.19 Palo Alto Networks
11.20 Ribbon Communications Operating Company, Inc.
11.21 Riverbed Technology
11.22 Telefonaktiebolaget LM Ericsson
11.23 TP-Link Technologies
11.24 ZTE Corporation