Simply put, a layer 3 switch combines the functionality of a switch and a router. It acts as a switch to connect devices that are on the same subnet or virtual LAN at lightning speeds and has IP routing intelligence built into it to double up as a router. It can support routing protocols, inspect incoming packets, and can even make routing decisions based on the source and destination addresses.
This report contains market size and forecasts of Layer 3 Switch in Global, including the following market information:
Global Layer 3 Switch Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Layer 3 Switch market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hardware-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Layer 3 Switch include Cisco, Huawei, SOLIDEX Group, Moxa, Ruijie Networks, Arista Networks, ORing Industrial Networking and UTEK TECHNOLOGY, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Layer 3 Switch companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Layer 3 Switch Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Layer 3 Switch Market Segment Percentages, by Type, 2021 (%)
Hardware-based
Software-based
Global Layer 3 Switch Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Layer 3 Switch Market Segment Percentages, by Application, 2021 (%)
Residential Gateway
Commercial Gateway
Global Layer 3 Switch Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Layer 3 Switch Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Layer 3 Switch revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Layer 3 Switch revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cisco
Huawei
SOLIDEX Group
Moxa
Ruijie Networks
Arista Networks
ORing Industrial Networking
UTEK TECHNOLOGY