The Europe Router And Switch Market would witness market growth of 7.0% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Router And Switch Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,647.4 million by 2031. The UK market is exhibiting a CAGR of 6.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.9% during (2024 - 2031).
In recent years, the demand for high-speed Internet and reliable connectivity has surged, propelled by the proliferation of Internet-connected devices and the increasing reliance on digital services. Routers and switches, as the fundamental network infrastructure components, have become indispensable in efficiently managing and routing this vast amount of data.
Additionally, the rise of cloud computing and the establishment of large-scale data centers have amplified the demand for advanced routers and switches. Cloud computing enables businesses to store, manage, and process data on remote servers accessed online rather than on local servers or personal computers.
European governments are actively involved in promoting advanced wireless technologies. This translates into funding for infrastructure development, particularly in underserved rural areas. Initiatives like the European Union's Digital Single Market strategy aim to bridge the digital divide and ensure widespread access to high-speed Internet, fostering market growth. Additionally, the Horizon Europe program, which has a budget of €95.5 billion, is set to fund research and innovation in digital technologies, including it. Countries like Germany, France, and Italy also invest heavily in their national 5G networks, aiming to enhance connectivity for industries, smart cities, and rural areas.
Free Valuable Insights: The Global Router And Switch Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product
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