Ethernet switch market Analysis
The global Ethernet switch market will reach USD 6.8 billion at a 6.30% CAGR by 2030, states the new Market Research Future report.
Rapid Adoption of PoE to Boost Market Growth
The rapid use of PoE for different applications coupled with the convergence of business and residential networks will boost market growth over the forecast period.
Growing Need for High Switching Speed Platform to offer Robust Opportunities
The growing need for high switching speed platforms will offer robust opportunities for the market over the forecast period. The switches provide reasonably priced ways to increase network-wide data sharing and corporate productivity.
Market Size in 2030
USD 6.8 Billion
CAGR of 6.30% from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Complicated Installation to act as Market Restraint
The complication of the installation of Ethernet switches and adjustment processes may act as a market restraint over the forecast period.
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Availability of Cheaper Alternatives to act as Market Challenge
The availability of cheaper alternatives such as telecom internet and cellular networks may act as a market challenge over the forecast period.
Ethernet switch market Segmentation
The global Ethernet switch market is bifurcated based on end users, switching ports, and product type.
By product type, the Ethernet switch market is segmented into Modular Ethernet switches and Fixed Configuration Ethernet switches (Unmanaged Switches, Smart Switches and Managed L2 and L3 Switches
By switching ports, the Ethernet switch market is segmented into 100ME and 1GbE, 10GbE, 40GbE and 100GbE
By end users, data center will lead the market over the forecast period due to its benefits and attributes, such as its ability to provide redundancy and flexibility for better use of IT assets, data centers can boost productivity by consolidating the data center infrastructure. Additionally, data centers help strengthen security and energy efficiency; these aspects contribute to the growth of the data center industry. Due to an increase in digit datacenters and a rise in cloud use, India’s need for data centers is growing quickly. The increase in cloud adoption, data localization, and adoption of cutting-edge technologies like 5G and IoT are driving demand for data centers in India.
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In terms of business, COVID-19 has had a multifaceted impact. Due to social distance, the human workforce is unavailable in the industrial facilities, transportation networks, and distribution networks. The end-user sectors are also experiencing significant disruption, which has a significant impact on the market for routers and Ethernet switches. In addition, following months of lockdowns in some nations, the economy of the big nations had begun to collapse. The COVID-19 epidemic has undoubtedly had an impact on the market, it is safe to say based on these three facts. However, the pandemic has brought up another important aspect. Most corporate employees are now forced to do official business from their homes as a result of lockdowns. It resulted in the widespread installation of routers and fast Ethernet switches for millions of new customers. Many nations and businesses have up to now permitted a sizeable portion of their workforce to work from home.
Ethernet switch market Regional Analysis
APAC to Sway Ethernet Switch Market
The biggest market share (with regards to revenue) for Ethernet switches is held by the Asia Pacific region. It is a result of the region’s extensive use of cloud computing, high data center density, and high technological adoption rates. The countries that contribute the most to the Asia Pacific Ethernet switch market are China, India, and Japan. China’s booming electronics and automobile industries account for the largest portion of the Asia Pacific Ethernet market. As a result of the rapidly developing IT and telecommunications sectors in nations like Japan and India, the Asia-Pacific area is anticipated to grow quickly over the course of the projection period. The market for Ethernet switches in Asia Pacific is expanding as a result of the region’s increasing industrialization, particularly in China and India. During the anticipated period, Asia Pacific is predicted to drive the market’s expansion. The industry is anticipated to grow as a result of the internet’s rapid adoption and increased data transfer. Asia Pacific market growth is projected to be pushed by China’s growing cloud-based deployment. India, which has growing wireless connectivity and internet penetration, is also poised to gain ground. Given the industry’s heavy investment in automation procedures and the number of multinational corporations that have established manufacturing facilities in these economies, including BMW and Mercedes, it is anticipated that India and China will be the largest markets for industrial Ethernet switches.
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North America to Have Significant Growth in Ethernet Switch Market
During the period of forecasting, North America is anticipated to grow favorably in the worldwide Ethernet switch market. In the near future, the market is anticipated to be driven by the rising demand for cloud computing. 76% of US households have smartphones in 2018, according to the American Community Survey Reports, and as more people utilize the internet, there will certainly be a growing need for bandwidth. A large portion of the market was owned by the North American region, which has a growing population and a rapid expansion of new, advanced technologies. Due to the high level of new technology innovation in the US and Canada, as well as rising government investment and an increase in the number of manufacturers in developing nations, these two countries play a pivotal role in the market’s growth.
Eminent industry players profiled in the global Ethernet switch market report include Cisco Systms Inc., Arista, Hewlett Packard, Huawei, Juniper Networks, H3C, Brocade Communications Systems, D-link Corporation, and Allied Telesis Inc.
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