Ethernet Switch Market 2023 Size, Share, Industry Trends, Business Revenue Forecast Statistics and Growth Prospective | COVID-19 Analysis

Market Highlights

Growth of the telecommunication industry and information technology sector has catapulted the global ethernet switch market. As per the study conducted by Market Research Future (MRFR), the global ethernet switch market will growth at a 4.07% CAGR during the forecast period (2017-2023) and reach a valuation in excess of USD 6.84 Bn.

Technological innovation and increased application of networking systems across sectors such as telecommunication, healthcare, automotive, IT among others has driving the demand for ethernet switches. In addition, factors such as rise pf data centers and adoption of cloud solution by enterprises are providing an impetus to the global ethernet switch market. Emerging economies in regions such as North America, Latin America and Asia Pacific (APAC) are expected present attractive growth opportunities to market participants during the forecast period. Nevertheless, lack skilled professionals remain one of the major market impediment.

Segmentation:

MRFR’s report includes an in-depth segmental analysis of the ethernet switch market size based on switching ports, product type and end user.

On the basis of switching ports, the market has been segmented into 100GbE, 40GbE, 10GbE, 1GbE and 100ME. On the basis of product type, the market has been segmented into fixed configuration ethernet switches and modular ethernet switches. The fixed configuration ethernet switches segment covers managed L2 and L3 switches, smart switches, and unmanaged switches. On the basis of end-use, the market has been segmented into campus, data center and enterprise and carrier ethernet.

Competitive Dashboard:

Some of the market participants profiled in MRFR’s report include Huawei, Arista, H3C, D-Link Corporation, Alcatel-Lucent, Cisco Systems, Inc., Juniper Networks, Allied Telesis, Inc., Hewlett-Packard, TRENDnet, Inc., Brocade Communications Systems, Inc. and Dell.

Global Ethernet Switch Market: Regional Analysis

Based on region, the COVID-19 analysis of ethernet switch market has been segmented into Asia Pacific (APAC), Europe, North America and Rest of the World (RoW). In terms of value, APAC represents the most valuable market for ethernet switch. Faster uptake of internet solutions in counties such as China and India have created lucrative opportunities for market players operating in Asia. The countries mentioned above are undergoing technological transformation, which reflecting favourably on the region’s market. Adoption of cloud solutions and increasing number of data centers are forces propelling the APAC ethernet switch market.

Countries such as Japan, India and China are among the major contributors to the market in APAC. The electronic industry has witnessed exponential growth in the region over time. Similarly, the automotive sector has also received tremendous boost in the region. It is projected that the APAC ethernet switch market will exhibit an impressive growth over the next couple of years. Rapid industrialization and urbanization in the region have opened new growth avenues for the market players operating in APAC. The ethernet market in Asia is benefiting from the increasing efforts towards infrastructure development and adoption of smart cities.

North America and Europe are viewed as the two other important market for ethernet switch. Emergency of technologies such as wireless networking and cloud computing is favouring the market growth in regions aforementioned. Countries such as the U.S., Germany, France are early adopters of the technology and hence are at a favourable position in the global ethernet switch market. Moreover, presence of cutting-edge infrastructure facilitates a faster adoption of novel technologies. North America is home to some of the leading market players such as Arista, Hewlett-Packard, Redback Networks and Cisco Systems, Inc. which puts the region at an advantageous position. Many market players operating in North America are actively focusing product innovation and product portfolio expansion in order to maintain a competitive edge.