How big is the router and switch market?

The global router and switch market size was estimated at USD 50.50 billion in 2022 and is expected to reach USD 55.00 billion in 2023.

What is the router and switch market growth?

The global router and switch market is expected to grow at a compound annual growth rate of 6.3% from 2023 to 2030 to reach USD 84.12 billion by 2030.

Which segment accounted for the largest router and switch market share?

North America dominated the router and switch market with a share of 38.7% in 2022. This is attributable to the increasing mobile backhaul investments.

Who are the key players in router and switch market?

Some key players operating in the router and switch market include Cisco; Alcatel-Lucent; Huawei Technologies; Juniper Networks; and ZTE Corporation amongst others.

What are the factors driving the router and switch market?

Key factors that are driving the market growth include the increased usage of high-speed Gigabit Ethernet, rising adoption of PoE for varied applications, and convergence of business and residential networks.