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SP Routing & Ethernet Switching Market Share

Report ID: GMI9151
Published Date: Apr 2024
Report Format: PDF

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SP Routing & Ethernet Switching Market Share

Broadcom Inc. and Cisco Systems hold a significant share of over 12%. Broadcom is a semiconductor and infrastructure software company that offers a comprehensive portfolio of networking solutions including Ethernet switching and routing products. Cisco Systems is a global technology leader known for its networking hardware, software, and services. The company offers a diverse range of routing and switching products tailored for service providers, enterprises, and small businesses. Cisco's portfolio includes routers, switches, and network management software designed to address the evolving needs of modern networks, such as support for 5G, cloud connectivity, and SDN.

Some other major players in the market are Dell Technologies (including Dell EMC and VMware), Ericsson, Huawei Technologies, Juniper Networks, and MikroTik. These players apply strategies such as product innovations, mergers, and acquisitions. Also, companies are involved in several growth & expansion strategies to gain a competitive advantage in the market.

SP Routing & Ethernet Switching Market Companies

Major players operating in the industry are:

ABB Ltd.
Eaton Corporation PLC
Ensto Group
Fuji Electric Co., Ltd.
G&W Electric Company
Legrand SA

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for SP routing & ethernet switching recorded over USD 10.5 billion in 2023 and is expected to depict over 8.3% CAGR from 2024 to 2032, on account of the proliferation of connected devices and the increasing adoption of cloud services.

The NAT routing technology segment in the SP routing & ethernet switching industry is estimated to register over 8.5% CAGR from 2024 to 2032, owing to its high importance in the realm of internet connectivity.

North America industry accumulated over 35% share in 2023 and is projected to expand at notable pace between 2024 and 2032, due to the proliferation of 5G networks, increasing demand for cloud-based services, and the rise of SDN.

ABB Ltd., Eaton Corporation PLC, Ensto Group, Fuji Electric Co., Ltd., G&W Electric Company, and Legrand SA are some of the key SP routing & ethernet switching companies worldwide.