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Ethernet Switch and Router Market to record USD 2.71 Bn growth -- High growth expected in North AmericaNEW YORK, Aug. 9, 2022 /PRNewswire/ -- The ethernet switch and router market report by Technavio expects an incremental growth of USD 2.71 billion between 2020 and 2025. The market witnessed a YOY growth of 0.25% in 2021 and the growth momentum is expected to accelerate at a CAGR of over 1% during the forecast period. According to the report, North America will emerge as the key market and will account for 42% of the global market share. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Request Sample PDF Report Here
The ethernet switch and router market is concentrated and comprises some well-established regional and global players. Vendors are adopting several organic and inorganic growth strategies such as the launch of innovative products and being involved in M&As to gain a competitive edge in the market. For instance, in September 2020, Arista Networks Inc. entered into a definitive agreement to acquire Awake Security. In May 2021, the company launched SwitchApp for Arista 7130, a new ultra-low latency switch for financial services. Similarly, In April 2021, Broadcom Inc. collaborated with Google Cloud to accelerate innovation and strengthen cloud services integration within the core software franchises of Broadcom. Under this partnership, Broadcom is expected to deliver its suite of security and enterprise operations software on the Google Cloud, facilitating businesses to install Broadcom solutions in DevOps, security, and more on Google Cloud's trusted, global infrastructure. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The increasing demand for colocation data centers among SMEs will be one of the key factors driving the growth of the market. In addition, increasing investments in M2M communication and IoT will have a positive impact on the growth of market players. Technavio identifies Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, Huawei Investment and Holding Co. Ltd., Intel Corp., Juniper Networks, Inc., New H3C Technologies Co. Ltd., and Telefonaktiebolaget LM Ericsson as major market participants. The global ethernet switch and router market is segmented as below:
The ethernet switches segment will account for the largest share of the market. The segment is driven by the growing demand for data centers globally. The market growth in the segment will be significant during the forecast period.
The data centers segment accounted for the largest share of the market in 2021. Increasing investments in the construction of data centers will be driving the growth of the segment during the forecast period.
42% of the market growth will originate from North America during the forecast period. The US is the key market for ethernet switches and routers in the region. The market will observe faster growth in the region than the growth of the market in Europe, MEA, and South America. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our ethernet switch and router market report covers the following areas:
Ethernet Switch and Router Market 2021-2025: Vendor Analysis We provide a detailed analysis of around 25 vendors operating in the ethernet switch and router market. Backed with competitive intelligence and benchmarking, our research report on the ethernet switch and router market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Request Sample Report Now Ethernet Switch and Router Market 2021-2025: Key Highlights
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Table Of Contents : Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio 
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