Ethernet Switches Market Size and Key Insights - 2023, Growth Scenario with Top Key Players, Upcoming Business Opportunities till 2030

Ethernet switches are networking devices that connect various network segments and manage the traffic between them. They allow the transmission of data packets between different network devices over a local area network (LAN). Ethernet switches enable connectivity between servers, desktops, smartphones, and other IoT devices in enterprises, data centers, and telecommunication networks.

Market Dynamics:

The Ethernet switches market is expected to witness significant growth over the forecast period owing to the increasing adoption of cloud services across various industries. Cloud computing has emerged as a cost-effective solution for storage, easy access, and sharing of large volumes of enterprise data. The rapid proliferation of cloud-based applications is increasing the need to manage high data traffic within enterprise networks which is propelling the demand for advanced ethernet switches with high port density and performance. Additionally, the growing popularity of IoT devices and the need to connect them over LANs through network switches is augmenting the growth of the ethernet switches market. The emerging trend of networking virtualization and network functions virtualization (NFV) is also creating opportunities for ethernet switch manufacturers as these technologies allow virtual switches to run on commercial off-the-shelf servers.

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Major Driver: Increased bandwidth demand from data centers, enterprises, and consumers

The growing usage of internet, adoption of cloud technologies, mobile devices, internet of things (IoT), and big data analytics has resulted in an exponential increase in data traffic and bandwidth requirements across industries. This rise in bandwidth demand is driving the need for higher port density and faster speeds in Ethernet switches. Data centers are upgrading their network infrastructures to 100G and 400G switches to handle massive data workloads. Enterprises and businesses are also deploying multi-gigabit switches to support bandwidth intensive applications like video conferencing, virtual desktop infrastructure, cloud services and more. Moreover, the proliferation of smart devices and IoT connections has resulted in a surge of connected devices which is generating petabytes of data daily. This widespread connectivity and data generation is propelling the demand for larger port capacity switches to manage this influx of data traffic. As bandwidth needs continue to rise exponentially with emerging technologies, the Ethernet switches market is poised to grow significantly in the coming years.

Major Driver: Rapid adoption of advanced technologies like AI, automation and cloud

Emerging technologies like artificial intelligence, machine learning, automation, cloud computing and edge computing have become mainstream in the era of digital transformation. Enterprises across all industries are aggressively adopting these technologies to drive innovation, optimize business processes and gain a competitive advantage. The deployment of advanced technologies requires high-speed networking infrastructures to support large data workloads and real-time data sharing/collaboration. As more organizations move their workloads and applications to private, public and hybrid cloud environments, there is a growing need for high-performance and flexible cloud switches. Edge computing is also pushing for the implementation of specialized switches at network edges to enable real-time analytics and low latency processing of IoT data closer to endpoints. Meanwhile, automation technologies rely on high-bandwidth and low-latency connections within industrial networks. The increasing digitization driven by AI, automation, cloud and edge computing is stimulating the demand for advanced Ethernet switches that can cater to the bandwidth, security and management requirements of these technologies.

Top Key Players:

Cisco, Huawei Technologies, HP Enterprise, Arista Networks, New H3C Group, HPE, Juniper Networks, NEC, Lenovo, and Dell

Detailed Segmentation:

By Type:

Unmanaged Switch
Partially Managed Switch
Fully Managed Switch

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Regional Analysis:

⁃ North America: United States, Canada, and Mexico

⁃ South & Central America: Argentina, Chile, Brazil and Others

⁃ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

⁃ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

⁃ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

Major Opportunity: Growth of 5G driving networking infrastructure upgrade

The launch of 5G networks worldwide is catalyzing large-scale upgrades of both cellular and enterprise infrastructure for ultrabroad connectivity and low-latency applications. 5G requires dense deployment of small cells and antennas to increase capacity and coverage which is driving the need for high-speed and high-density switches. Telecom operators are investing heavily in fifth-generation core networks comprising of switches, routers, network functions virtualization and software defined networking capabilities. On the enterprise front, billions of smart IoT devices coming online with 5G will generate zettabytes of data requiring innovative edge computing deployments. This presents a massive opportunity for Ethernet switch vendors to provide switches powered by AI/ML, integrated with edge applications and optimized for ultra-low latency. 5G is also enabling applications like augmented/virtual reality, autonomous vehicles, telemedicine and smart manufacturing which places stringent requirements around bandwidth, response times and security on underlying networking infrastructure. As 5G proliferates globally, it will fuel multibillion-dollar investments into advanced wired and wireless networks worldwide thereby driving the Ethernet switches market.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Ethernet Switches Market over the forecast period?
What are the key trends expected to influence the Ethernet Switches Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Ethernet Switches Market?
What long-term impact will strategic advancements have on the Ethernet Switches Market?
Who are the key players and stakeholders in the Ethernet Switches Market?
What are the different segments and sub-segments considered in the Ethernet Switches Market research study?

Strategic Points Covered in Table of Content of Global Ethernet Switches Market:

Chapter 1 : Introduction, market driving forces, and product The study and research objectives are to investigate the Ethernet Switches market.

Chapter 2: Exclusive Summary - Ethernet Switches Market Fundamentals.

Chapter 3: The Changing Impact on Market Dynamics- Drivers, Trends, and the Challenges and Opportunities of Process Spectroscopy

Chapter 4: Ethernet Switches Market Factor Analysis, Porter's Five Forces Analysis, Supply/Value Chain, SWOT Analysis, Market Entropy, and Patent/Trademark Analysis are all presented in this chapter

Chapter 5: 2017-2022 Forecast by Type, End User, and Region/Country

Chapter 6: Evaluating the key players in the Ethernet Switches market, including the Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, countries, and manufacturers/companies, as well as revenue share and sales by major countries in these regions (2023-2030).

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