According to a new report, published by KBV research, The Global Router And Switch Market size is expected to reach $85.7 billion by 2031, rising at a market growth of 7.2% CAGR during the forecast period.
The ATM & Ethernet Switch segment is anticipating a CAGR of 6.8% during (2024 - 2031). This segment's dominance can be attributed to the widespread adoption of Ethernet switches in enterprise and data center environments. Ethernet switches are essential for creating local area networks (LANs), enabling devices within a network to communicate efficiently. The growth in data traffic, driven by the proliferation of connected devices and the increasing reliance on cloud services, has amplified the demand for high-performance Ethernet switches.
The Internet Data Center/Collocation/ Hosting segment is leading the Global Router And Switch Market by Service in 2023; thereby, achieving a market value of $32.4 billion by 2031. Data centers are pivotal in supporting the infrastructure required for cloud computing, hosting services, and various digital applications. The shift towards digital transformation has led to a surge in demand for data center services, including colocation and hosting. As businesses migrate to the cloud and seek scalable, secure, and reliable hosting solutions, the demand for high-performance routers and switches within data centers has risen dramatically.
Full Report: https://www.kbvresearch.com/router-and-switch-market/
The North America region dominated the Global Router And Switch Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $31.2 billion by 2031. The Europe region is showcasing a CAGR of 7% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.8% during (2024 - 2031).
By Product
By Service
By Geography
Unique Offerings 
