Cisco was the top-ranked vendor for the worldwide SP Router and Switch market in 2022 followed by Huawei, Nokia, Juniper, and ZTE, in ranked order. Juniper, Ciena, and Cisco gained the largest market share in 2022.

Juniper's success was driven by a refreshed MX product family with the firm's new ASIC, named "Trio-6". Key contributors were the MX 10000 series chassis and the new small form factor MX304 router, which accelerated adoption in 2H 2022. We classify these products in the SP Edge Router and Aggregation Switch segments.

Ciena's double-digit revenue growth was based on an expansion of it's SP Router and Switch portfolio (e.g., 8100 series Coherent Aggregation Router), and strong adoption of the firm's Vyatta software within AT&T's disaggregated routing project.

Cisco's strength was in the SP Core Router segment, predominately in North America. Growth was driven by the 8000 series router, which augments the flagship NCS5500 series router. We see this as a successful product transition.