SP Routing And Ethernet Switching Market Size, Share & Trends Analysis Report By Component, By Technique, By Service, By End-User, And Segment Forecasts, 2019 To 2025

The global SP routing and ethernet switching market is expected to witness significant growth over the forecast period. SP routing and ethernet switching involve the transmission of data from one point to another point inside the computer network. Data is sent or received while accessing the internet or another computer over the network. The data then travels through different nodes over transmission media and all the mechanism of transmitting information is called switching. Ethernet switch is a device over the wired network and responsible to connect two systems and a network segment in a wired network. While such communication, over the wired network there, exists multiple paths between the two nodes or between the source and destination. So, a router is an intelligent device to decide whether to choose a suitable path or shortest path. The process of selecting a path is called routing.

In the last few years, global internet users have increased and so the demand for high bandwidth and high data speed is continuously increasing thus enabling heavy demand for the market. Ethernet switches and routers have different purposes and when the two devices are included in the same arrangement, it becomes difficult to separate the two functions in a switch-router arrangement owing to the complexity.

The driving factors responsible for the growth of SP routing and ethernet switching market include vendor emphasis on the advanced emerging technologies as the big players are following the terabit networking as terabit routing and switching is growing enormously. Additionally, growing digital data traffic over existing networks, growing demand for bandwidth, a proliferating market of data centers, an increase in cloud storage approach is contributing to the market growth.

However, installation issues and shortage of skilled personnel to fix the errors is a market restraint for SP routing and ethernet switching market. Dynamic routing leads to additional traffic over the network resulting in the deterioration of efficiency of communication.

On the basis of component type, the global market is segmented into routers and switches. A router is further sub-segmented into edge router; inter-provider border router and core router. The switch is further sub-segmented into modular switches and fixed-configuration switches. On the basis of techniques, the global market is segmented as deployment service, operational management service & product support service.

On the basis of end-user, the global market is segmented as automotive, consumer packaged goods, education, energy, financial services, government, healthcare, hospitality, and life sciences.

On the basis of geographic segmentation, the SP routing and ethernet switching market spans North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle-East, and Africa. Among the segmented geographies, APEJ regions dominate the global market owing to ongoing and existing development in technological infrastructure. The key players in the global market include Juniper Networks, Cisco, Inc., Alcatel-Lucent, and Hewlett-Packard Development Company L.P.