SP Routing and Ethernet Switching Market Overview
SP routing and ethernet switching refers to transmission of data or information from the source to the destination inside a computer network. The main features which SP routing and ethernet switching includes are high band and higher data speed network.
Market Size and Forecast
The global SP routing and ethernet switching market is expected to expand at a robust CAGR over the forecast period i.e. 2018-2027. Factors such as increasing number of internet users across the globe are expected to positively impact the growth of the global SP routing and ethernet switching market. Moreover, high demand for SP routing and ethernet switching systems all over the developing regions is anticipated to drive the growth of the global SP routing and ethernet switching market.
The market is segmented in five major regions including North America, Asia Pacific, Europe, Middle East & Africa and Latin America regions. Among these regions, Asia Pacific is anticipated to dominate the overall market of SP routing and ethernet switching during the forecast period. Factors such as increasing expenditure on IT (Information Technology) sector are projected to fuel the growth of the SP routing and ethernet switching market. Moreover, increasing advancement in technology is anticipated significantly for the growth of SP routing and ethernet switching market in Asia Pacific.
North America market is expected to witness substantial growth over the forecast period. Factor such as rising demand of high band and high speed data service is predicted to trigger the growth of the global SP routing and ethernet switching market over the forecast period. Europe SP routing and ethernet switching market is poised to record fastest growth rate during the forecast period. Factors such as increasing government investment on routing and switching technologies are envisioned to strengthen the growth of SP routing and ethernet switching market in Europe.
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Based on component, SP routing and ethernet switching market is segmented into routers and switches, further router is sub-segmented into, edge router, inter-provider border router and core router, out of which, routers segment is expected to dominate the overall SP routing and ethernet switching market during the forecast period.
Market Segmentation
Our in-depth analysis has segmented global SP routing and ethernet switching market into the following segments:
By Component
- Routers
- Edge Router
- Inter-provider Border Router
- Core Router
- Switches
- Fixed Configuration Switches
- Modular Switches
By Technique
- Switching Technique
- Store And Forward Switching
- Cut-Through Switching
- Fragment-Free Switching
- Routing Technique
- NAT Routing
- Direct Routing
By Service
- Deployment Service
- Operational Management Service
- Product Support Service
- Others
By End-User
- Automotive
- Education
- Banking, Financial Services and Insurance (BFSI)
- Government
- Healthcare
- Others
By Region
Global SP routing and ethernet switching market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges
Factor such as rising need of band and high data speed due to the increasing number of internet users across the globe is anticipated to intensify the growth of the global SP routing and ethernet switching market. In addition, increase in development of routing devices is anticipated to positively drive the growth of the global SP routing and ethernet switching market.
Apart from this, factor such as government initiatives over SP routing and ethernet switching services is expected to increase the growth of global SP routing and ethernet switching market over the forecast period.
Further, increasing numbers of manufacturers in the developing region are likely to further strengthen the growth of the global SP routing and ethernet switching market. In addition, factor such as rising demands of new technologies such as terabit networking which includes terabit routing and terabit switching is expected to increase the growth of global SP routing and ethernet switching market over the forecast period.
However, installation issue and shortage of skilled personnel to fix the errors is some of the key factors which are expected to limit the growth of global SP routing and ethernet switching market in upcoming years.
Top Featured Companies Dominating The Market
- Cisco
- Company Overview
- Key Product Offering
- Business Strategy
- SWOT Analysis
- Financials
- Huawei Technologies Co., Ltd.
- Juniper Networks, Inc.
- Alcatel-Lucent
- Hewlett-Packard Development Company, L.P.
- Nokia Corporation
- Other Prominent Players
