PUBLISHER: KBV Research | PRODUCT CODE: 1529356
PUBLISHER: KBV Research | PRODUCT CODE: 1529356
The North America Router And Switch Market would witness market growth of 6.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Router And Switch Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $22,273 million by 2031. The Canada market is experiencing a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2024 - 2031).
The market is a dynamic and rapidly evolving segment of the telecommunications industry. As the backbone of modern digital infrastructure, routers and switches enable connectivity and communication for the Internet, cloud services, and enterprise networks.
Additionally, this market has witnessed significant growth over the past few decades, driven by technological advancements, increasing data traffic, and the widespread adoption of digital services across various sectors.
The United States leads the demand for routers and switches in North America, driven by several key factors. The rapid adoption of 5G technology is a significant driver, with substantial government and private sector investments. The Federal Communications Commission (FCC) has been actively auctioning the 5G spectrum to boost nationwide coverage. According to the FCC, there are over 357 million mobile subscribers in the U.S., highlighting the extensive use of mobile devices and wireless services.
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.
List of Key Companies Profiled
North America Router And Switch Market Report Segmentation
By Product
By Service
By Country