Router And Switch Market Share, Segment To 2022
The global router and switch market is expected to reach USD 41.03 billion by 2022, according to a new study by Grand View Research, Inc. High scale network infrastructure modernization across residential and commercial applications is anticipated to drive growth over the forecast period.
Growing demand for high speed internet along with technological advancements such as big data solutions, SDN, and cloud computing are expected to positively impact demand for the router and switch market. Owing to upgrading in technology along with shift in demand from hardware networking solutions to software-based solutions is expected to propel demand for core Ethernet devices.
Shift towards Bring Your Own Device (BYOD) market is propelling companies to increase their allocation of IT budgets for enhancing network security. Owing to increased usage of mobile and other electronic devices at work, there is an increased need to strengthen the network security for effectively managing and supporting the devices combined with mitigating the threat of an outside attack.
However, network failure and hardware inefficiencies with configuration of multiple platforms are expected to hamper the router and switch market.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/global-router-and-switch-market
Growing demand for high speed internet along with technological advancements such as big data solutions, SDN, and cloud computing are expected to positively impact demand for the router and switch market. Owing to upgrading in technology along with shift in demand from hardware networking solutions to software-based solutions is expected to propel demand for core Ethernet devices.
Shift towards Bring Your Own Device (BYOD) market is propelling companies to increase their allocation of IT budgets for enhancing network security. Owing to increased usage of mobile and other electronic devices at work, there is an increased need to strengthen the network security for effectively managing and supporting the devices combined with mitigating the threat of an outside attack.
However, network failure and hardware inefficiencies with configuration of multiple platforms are expected to hamper the router and switch market.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/global-router-and-switch-market