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Sustained Service Provider Router Growth Expected Through 2027, According to Dell'Oro GroupNetwork Upgrades to 400 Gbps Technology Will Accommodate Increasing Traffic REDWOOD CITY, Calif., Feb. 7, 2023 /PRNewswire/ -- According to a recently published report by Dell'Oro Group—the trusted source for market information about the telecommunications, security, networks, and data center industries—the Service Provider (SP) Router and Switch market is projected to expand through 2027, with market revenues growing at a 2 percent compounded annual growth rate (CAGR) from 2022 to 2027. We expect global cumulative SP Router and Switch market revenues to approach $77 billion by 2027. Wide adoption of 400 Gbps technology-based products will persist as the key driving force of growth. Telecommunication and Cloud SPs will continue investing in network upgrades to accommodate increasing traffic levels and to benefit from the economic efficiency of 400 Gbps technology. "Our Forecast growth projections remain largely unchanged compared to our previous forecast," said Ivaylo Peev, Senior Analyst at Dell'Oro Group. "We anticipate continuing market uncertainty and worsening macroeconomic conditions in the first few years of the forecast period as economists are projecting a high possibility of recession in Europe and North America. However, we expect the global SP Router and Switch market to stabilize in the second half of the forecast period, as we assume that the underlying fundamentals of the SP Router market remain healthy," added Peev. Highlights from the Service Provider Router and Switch 5-Year January 2023 Forecast Report:
The Dell'Oro Group Service Provider Router & Switch Report offers complete, in-depth coverage of the Service Provider Router and Switch market for future current and historical periods. The report includes qualitative analysis and detailed statistics for manufacturing revenue by region, customer type and use cases, average selling prices, and unit and port shipments. To purchase this report, please contact us by email at [email protected]. Dell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, and data center infrastructure markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit https://www.delloro.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/sustained-service-provider-router-growth-expected-through-2027-according-to-delloro-group-301739917.html SOURCE Dell'Oro Group |