The router and switch market is estimating to grow at a rapid pace across the forecast period of 2019-2028 due to the advent of the new coronavirus pandemic. SARS-CoV-2 spreads rapidly through close contact and touch. Hence, the governments of various countries imposed lockdowns that forced a major chunk of people to work from home. This will be the new norm even post-lockdown, thus, bringing the router and switch market in the limelight. Internet connection is of utmost importance for a smooth work-from-home mechanism. Therefore, the router and switch market expects to gain considerable momentum throughout the forecast period.
This upcoming report on the router and switch market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the router and switch market. The segmental study enables an individual to thoroughly understand the router and switch market.
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Router and Switch Market: Competitive Analysis and Key Developments
The router and switch market is highly competitive with numerous players competing with each other. The key players are involved in varied research and development activities to introduce new technologies and efficient mechanisms to stand out from others. Mergers, acquisitions, collaborations, partnerships, and joint ventures are frequently undertaken by numerous players to strengthen their position in the router and switch market. Key players involved in the router and switch market are Huawei Technologies, ZTE Corporation, Cisco, and Juniper Networks.
- The router and switch market is making inroads in the military and aerospace applications too. Curtiss-Wright recently introduced a Cisco-based Parvus DuraMAR secure mobile network router for use in embedded military and aerospace applications.
- TP-LINK launched the Archer AX6000, a Wi-Fi 6 router loaded with 1GB RAM and 128MB flash memory.
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Router and Switch Market: Key Trends
The router and switch market may bank greatly on the work-from-home aspect across the forecast period. Consistent government support may prove to be beneficial for the router and switch market. The launch of projects such as broadband highways will trigger the growth of the router and switch market to a great extent. Growing dependence on cloud-based systems may also prove to be a growth generator for the router and switch market. Also, Wi-Fi spots around various colleges and campuses and the rise in a number of e-retailers may sow the seeds of growth in the router and switch market.
To tackle the growing Wi-Fi router hacking threat, manufacturers are focusing on improving the security configurations for making routers more secure. Inbuilt denial-of-service (DoS) attack protections, options for setting parental controls as well as the capability of filtering unwarned domains are some of the important features that may prove to be beneficial for boosting the sales of the router and switch market.
Router and Switch Market: Regional Analysis
On the regional front, North America will dominate the router and switch market with the rising trend of work-from-home gathering steam in the region. According to Global Workplace Analytics, 25-30 percent of the workforce in the U.S. will be working from home for more than one day a week over the next 2 years. Hence, this factor will influence the growth of the router and switch market in North America to a great extent. Besides, advanced broadband infrastructure and the requirement of a strong network mechanism for supporting a plethora of devices may help the router and switch market to climb the growth ladder.
Asia Pacific also expects to record a steady growth across the forecast period due to large scale demand for on-demand viewing, growing usage of tablets, smartphones, and on-demand viewing.
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