Increasing Expenditure on Cyber Security Driving the APAC Networking Equipment Market

APAC Networking Equipment Market
Press Release

In 2018, the Asia-Pacific networking equipment market reached $22,875.2 million and is predicted to grow at a CAGR of 11.3% during the forecast period (2019–2024). The is due to the increasing data traffic, cyber security spending, penetration of bring-your-own-device (BYOD) culture, demand for connected workplace, and expanding over-the-top (OTT) industry.

Physical networking devices that are needed for communication and interaction between electronic devices are referred to as networking equipment. They are used to split, switch, boost, combine, and direct the flow of information over a computer network.

On the basis of type, the APAC networking equipment market is categorized into security device, storage device, access point, bridge, router, switch, modem, cable, repeater/booster/range extender, network interface card (NIC)/adapter, and others.

Among these, routers accounted for the major share of the market during the historical period (2014–2018) due to the growing research and development (R&D) investments by companies, demand for higher bandwidth, and deployment of 5G network in numerous countries. The highest CAGR is predicted to be witnessed by switched during the forecast period.

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The growing preference for managed switches is one of the key trends in the APAC networking equipment market. Managed switches let users control the way data travels over the network better as well as manage access to it, as they have the ability to manage, configure, and monitor local area network (LAN) traffic.

In addition to this, managed switches support Layer-3 redundancy using virtual router redundancy protocol, which helps businesses become operationally more efficient at reduced expen

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