Ethernet Switch Market Growth, Size, Value, Share, Trends and Forecast 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Ethernet Switch Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The ethernet switch market size has grown strongly in recent years. It will grow from $5.29 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to proliferation of data-intensive applications, enterprise network expansion, transition to gigabit and 10-gigabit ethernet, demand for improved network performance, data center network modernization.

The ethernet switch market size is expected to see strong growth in the next few years. It will grow to $7 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to migration to higher-speed ethernet standards, rise in edge computing deployments, adoption of intent-based networking (ibn), growing emphasis on network security, expansion of 5G networks. Major trends in the forecast period include multi-gigabit ethernet for wireless connectivity, emergence of intent-based networking (IBN), demand for cloud-managed switches, integration of artificial intelligence (AI) for network optimization, growing importance of network analytics.

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Key Market Players:

Major companies operating in the ethernet switch market report are Dell Technologies, Huawei Technologies Co. Ltd., Siemens SE, Cisco Systems Inc., Honeywell International, Broadcom Ltd., Hewlett Packard Enterprise, Eaton Corporation, ASUSTeK Computer Inc, Parker Hannifin Corporation, NXP Semiconductors N.V., Juniper Networks Inc., Iron Mountain, Arista Networks, HPE Aruba, TP-Link, Belden Inc., Advantech Co. Ltd., Alcatel-Lucent Enterprise, Beckhoff Automation, New H3C Technologies Co. Ltd., NETGEAR Inc., Black Box Network Services, D-link Corporation, Moxa Inc., Linksys, Allied Telesis Inc., TRENDnet, Inc., Brocade Communications Systems, TELEFLY Telecommunications Equipment Co., Ltd.

Market Drivers:

The surge in demand for high-speed internet facilities is expected to propel the growth of the ethernet switch market going forward. High-speed internet is defined as a connection to the internet with a minimum download speed of 25 Mbps and a maximum bandwidth of 1,024 kbps in both the upstream and downstream directions. Ethernet switches aid in boosting the network's dependability and boosting data rates up to about 1,000 Mbps. For instance, in October 2021, according to a report shared by the United States Census Bureau, a US-based principal agency of the U.S. Federal Statistical System, an estimated 78.1 percent of American households had a high-speed Internet connection in 2020. Even though the majority of Americans have access to computers and high-speed Internet, there are variances in high-speed internet use by age and racial groupings. Therefore, the surge in demand for high-speed internet facilities is propelling the growth of the ethernet switch market.

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The ethernet switch market covered in this report is segmented -
1) By Product: Modular Ethernet Switches, Fixed Configuration Ethernet Switches
2) By Switching Ports: 100ME, 1GbE, 10GbE, 40GbE, 100GbE
3) By Application: Residential Use, Office or Commercial Use, Industrial Use, Other Applications
4) By End-User: Carrier Ethernet, Data Center, Enterprise And Campus

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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