The Asia Pacific Router And Switch Market would witness market growth of 7.8% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Router And Switch Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,335.2 million by 2031. The Japan market is showcasing a CAGR of 7.1% during (2024 - 2031). Additionally, The India market would register a CAGR of 8.5% during (2024 - 2031).
A router is a networking device that operates at the third layer of the ISO-OSI architecture or the network layer. These devices have several ports. It creates a straightforward connection across the networks, enabling data to flow between them. Both LAN and MAN use routers to transfer data in the form of packets.
Moreover, it operates at network layer three and is utilized by MANs, LANs, and WANs. It keeps track of and stores IP addresses on its own. A switch is an object used for point-to-point communication. In basic terms, it acts as a bridge to better connections.
The increasing demand for this in the Asia Pacific region is driven by various factors unique to each nation, supported by significant government initiatives and investments to enhance digital infrastructure. China's demand for routers and switches is primarily driven by the government's ambitious digital infrastructure projects and the rapid adoption of advanced technologies. The Chinese government has been heavily investing in 5G deployment as part of its "New Infrastructure" plan, which includes significant investments in information technology infrastructure. According to the Ministry of Industry and Information Technology (MIIT), China aims to achieve nationwide 5G coverage by 2025.
Free Valuable Insights: The Global Router And Switch Market is Predict to reach USD 85.7 Billion by 2031, at a CAGR of 7.2%
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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Product
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