Router & switch production has grown as the world has witnessed an evident surge in internet penetration over the last few years for variety of applications, which ranges from shopping online to storing data on the cloud. The increasing adoption of cloud-driven computing technology will support the demand for these components. Characteristics like flexibility and application-based customization of network infrastructure have justified the shift in technology from hardware to software techniques.

To enhance the security and resiliency of the network, companies are deploying networking solutions like routers and switches. The growing demand for connected remote office locations along with data centers is likely to support the adoption of superior-performance routers, ethernet cables, and other networking devices.

Expounded below are some of the factors expected to drive global router and switch market forecast through 2022.

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Various services offered by router and switch

In the year 2014, the valuation of the ethernet service edge router industry stood at USD 9.62 billion. Combined with hardware and software, application-specific integrated circuits meet the demands of consumers pertaining to the cost of ownership, quality, scalability, and security requirements.

Increasing adoption of BYOD policies is expected to magnify the demand of advanced routers and switches for offering several benefits like cost reduction, improved productivity, and employee satisfaction.

An escalating number of smartphones

An increase in mobile data traffic due to the increase in the number of people owning cellphones, in both developed as well as developing countries, have supported the demand for router and switches globally. The gradual emergence and roll-out of highly developed networks like 3G, 4G, and LTE has further bolstered the adoption of advanced networking components.

U.K. to emerge as a key market

U.K. router and switch market has registered enormous gains over the last few years due to increasing investments made towards backhaul. For instance, on the 8 October 2020, Three U.K.- a British telecommunications and internet service provider, as a part of its network transformation strategy signed an agreement with Colt Technology for fiber backhaul connectivity solutions.

The partnership forms part of a USD 2.35 billion investment to transform the telecom giant’s customer experience by increasing the 4G speed by up to 150 percent along with offering the fastest 5G network across U.K. Colt technology is believed to be offering 20 times more backhaul capacity to provide the customers with better, faster and reliable experience.

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The extensive demand for internet exchange routers

Internet exchange routers have gained considerable demand and its market was valued at USD 13.04 billion during the year 2014. The escalating demand for the product is attributed to its property of being the foundation of the internet.

Prominent router and switch companies include Huawei Technologies, Alcatel-Lucent, ZTE Corporation, Juniper Networks, and Cisco Systems among various others.

Organizations world over are increasingly migrating their business to digital platforms which have escalated the need for a reliable and strong network infrastructure that can ease the accessibility of data inside the network. The companies are witnessing a strain on their network systems owing to the sudden rise in the need for connectivity along with the growing amount of corporate information resources. These developments will drive the deployment of router and switch services.

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