Ethernet Switch Global Market Report 2024: Key Players, Demand Patterns And Forecasts 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 offers in-depth market insights through Ethernet Switch Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=8964&type=smp

Market Segmentation:
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

Major Driver - Growing Demand For High-Speed Internet Drives Ethernet Switch Market Expansion
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.

Competitive Landscape:
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.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/ethernet-switch-global-market-report

Top Trend - Innovative Solutions Drive Advancements In Ethernet Switch Technologies
Major companies operating in the Ethernet switch market are developing innovative products with advanced technologies, such as hot-swappable modules. This is networking and industrial equipment that allows for the installation or removal of modules without powering down the system. This feature enables maintenance and upgrades without disrupting the overall system's operation. For instance, in July 2023, Moxa, a Taiwan-based technology company, introduced the MDS-G4020-L3-4XGS series of Ethernet switches. This series features industrial-grade reliability, multicast availability, and security enhancements based on the IEC 62443 standard. The MDS-G4020-L3-4XGS Series modular switches support 4 10GbE + 16 Gigabit ports, including 4 embedded ports, 4 interface module expansion slots, and 2 power module slots.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ethernet Switch Market Characteristics
3. Ethernet Switch Market Trends And Strategies
4. Ethernet Switch Market - Macro Economic Scenario
5. Ethernet Switch Market Size And Growth
…..
27. Ethernet Switch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.