Ethernet Switch and Router Market to record USD 20.65 Bn incremental growth; ADTRAN Inc. and Arista Networks Inc. emerge as key vendors -- Technavio
NEW YORK, Oct. 12, 2022 /PRNewswire/ -- The global ethernet switch and router market size is expected to grow by USD 20.65 billion, accelerating at a CAGR of 8.21% between 2021 and 2026. Technavio identifies ADTRAN Inc., Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp, and Dell Inc. among others as major vendors in the market. The report offers a comprehensive analysis of the market size, major vendors and their key offerings, successful strategies adopted by vendors, vendor landscape, and major revenue-generating segments. Download Free Sample Report Before Purchasing
The market is driven by the rising demand for colocation data centers among SMEs. SMEs cannot afford to build their own data centers as the capital expenditure and operating costs are high. Hence, they usually opt for colocation, where a company can rent IT infrastructure as per its requirement. Also, colocation services enable SMEs to place their own servers and storage devices in the racks provided. With the increased adoption of colocation services by SMEs, the demand for routers and ethernet switches will in increase over the forecast period.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ethernet switch and router market report covers the following areas:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Technavio identifies the following as the dominant players in the market:
Ethernet Switch and Router Market 2022-2026: Segmentation
The global ethernet switch and router market is segmented as below:
The market growth in the ethernet switches segment was significant in 2021. The increased adoption of cloud services across enterprises is driving the growth of the segment. The growing demand for high-performance computing systems will also contribute to the segment's growth.
By application, the data centers segment will generate the maximum revenue in the market during the forecast period. The segment is driven by the growing demand for data centers worldwide.
About 40% of the market growth will come from North America during the forecast period. The increased adoption of data centers that are operated by CSPs, telecommunication service providers, enterprises, and governments is driving the growth of the regional market. The construction of new data centers and renovation of the existing data centers in the US will further drive the growth of the ethernet switch and router market in North America over the forecast period.
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Ethernet Switch and Router Market 2022-2026: Key Highlights
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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