LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global Ethernet switch and router market to post a CAGR of close to 6% during the forecast period. The development of improved features of Ethernet switches and routers to emerge as a key trend that will impact market growth. Vendors are trying to enhance the features of switches and routers to gain a competitive advantage in the market. Guest access, parental control, and traffic meter are some of the some of the features that are in trend in the global Ethernet switch and router market.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the increasing migration to cloud platforms as a key factor contributing to the growth of the global Ethernet switch and router market:
Increasing migration to cloud platforms
The migration to the cloud platform is the process of moving important and confidential data and files to the cloud. Organizations generate huge volumes of data and files, which are difficult to store and manage. Thus, with the help of third-party cloud service providers, enterprises move data off-premises so that they can manage the information effectively. Cloud service providers offer many other benefits, such as the pay-per-use scheme, which helps enterprises reduce their operating costs.
According to a senior analyst at Technavio for data center research, “The demand for data centers is rising because of the increase in IP traffic. Data centers require the deployment of several switches and routers. They require at least two to three switches and one router per rack. Thus, the increasing number of data centers will drive the global Ethernet switch and router market during the forecast period.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global Ethernet switch and router market - segmentation and analysis
This market research report segments the global Ethernet switch and router market based on product segments (10GbE switching port, 100ME and 1GbE switching port, 40GbE switching port, and 100GbE switching port) and key regions (the Americas, APAC, and EMEA).
In 2017, the Americas dominated the global Ethernet switch and router market with 46% of the market share, followed by EMEA and APAC. However, the market share of the Americas and EMEA is expected to decrease over the forecast period, while that of APAC will increase by more than 8% thus, establishing APAC as the second largest region by 2022.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.