Carrier Switch and Router Market Set to Generate $40.2 Billion
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Cisco's IP Edge growth is coming at the expense of Chinese networking vendor Huawei. Huawei's share in the third quarter dropped to 12.3 percent down from 17.2 percent in the second quarter of 2011.
Looking at the Carrier Ethernet market as a whole, Infonetics is seeing continued strength in the sector. For 2011, Infonetics is now forecasting that the global carrier Ethernet equipment market will grow by 15.7 percent to $32.0 billion in revenues for the year.
The growth in 2011 is helping to fuel an even more optimistic medium term outlook for the sector.
"The carrier Ethernet equipment market continues to grow strongly, so much so that we've increased our long-term forecast from $37.5 billion to $40.2 billion by 2015," Howard said.