Ethernet Switch Market Size, Share & Industry Analysis, By Type (Modular Switches, Fixed Configuration Ethernet Switches), By Application (Healthcare, Automotive, Transportation, IT and Telecom, Others) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Ethernet switches provides bridge to connect LAN and other ports. The rising demand for high switching speed platform is driving the ethernet switch market. The switches offer cost effective solutions to boost the business productivity and data sharing across the company network. The rapidly increasing internet users are expected to drive the ethernet switch market in near future. Further, the increasing data traffic is creating the need for better bandwidth is likely to boost the demand for ethernet switches. Ethernet switches helps in reducing network downtime and latency issues. This is booting the adoption of the technology.
The managed ethernet switches offers better management and troubleshooting capabilities. Also, the managed solutions offer secured data transfer. The Ethernet switches controls and limits access of the unauthorized sub-networks and ensures the data safety of the enterprises. The rapid growth in IT and telecom industry is boosting the ethernet switches demand. Further, increasing cloud storing and data centers will boost demand for the Ethernet switches across the industries.
Key Market Driver -
• Increasing number of data centres are likely to drive the market • Growing investment on digital platform is likely to drive the ethernet switches demand
Key Market Restraint -
• Lack of trained employees anticipated hamper the market
Key Players Covered:
Ethernet switch market players are Cisco Systems Inc., Brocade Communications Systems, Inc., Huawei Technologies, Eaton Corporation Hewlett-Packard, Arista, Parker Hannifin Corporation, H3C, Beckhoff Automation NETGEAR Inc., D-Link Corporation, Honeywell International, Allied Telesis, Inc., TP-Link, Juniper Networks, Alcatel-Lucent, Siemens SE, TRENDnet, Inc., Dell Technologies among others. The companies are offering new solution to cater across the industries. The key companies are focusing on providing enhanced product and solutions.
Regional Analysis
North America is expected to lead the global ethernet switch market during the forecast period. The increasing demand for cloud computing is expected to drive the market in the near future. According to the American Community Survey Reports 2018, 76% of US household had smartphones, increasing internet users are likely to boost the demand for greater bandwidth. Europe is expected to gain second maximum market share at the beginning of the forecast period, due to. Increasing adoption of data centers expected to demand for ethernet switches.
Asia Pacific is likely to propel the market growth during the forecast period. The rapid adoption for internet and increasing data transmission is expected to boost the market. China with rising cloud-based deployment is likely to push the market growth in the Asia Pacific. Similarly, India with increasing internet penetration and wireless connectivity are likely to gain traction. Middle East and Africa are witnessing steady growth owing to the expansion of industries across the region. This is boosting the cloud and data center adoption. Latin America is expected to grow moderately during the forecast period.
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Segmentation
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Key Industry Developments
- August 2017 – Huawei Technologies launched commercial ethernet switch in China for the educational institutes. The product will offer high bandwidth and high speed wireless access points.
- February 2020 – Juniper Networks launched new Ethernet switches EX4600. Build-up on Juniper’s data center-class, the switches offer high performance and scalability to the users.
- Ongoing
- 2023
- 2019-2022
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