Press release
Future of the Ethernet Switch Market: Trends, Innovations, and Key Forecasts Through 2034
Ethernet Switch
How Large Will the Ethernet Switch Market Size By 2025?
Over the past few years, the ethernet switch market has seen steady growth. The projection is that it will increase from a market size of $5.44 billion in 2024 to $5.65 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%. This historical growth trend is largely due to factors such as the surge in data-reliant applications, expansion of enterprise networks, shift towards gigabit and 10-gigabit ethernet, increased demand for better network performance, and the modernization of the data center network.
How Big Is the Ethernet Switch Market Size Expected to Grow by 2029?
In the coming years, the ethernet switch market is anticipated to witness notable expansion. It is predicted to escalate to $7.62 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%. Key factors contributing to the market's growth in the forecast period include a shift towards high-speed ethernet standards, increased prevalence of edge computing deployments, the implementation of intent-based networking (ibn), heightened focus on network security, and the broader adoption of 5G networks. Significant market trends to expect include the emergence of multi-gigabit ethernet for wireless connectivity, intent-based networking (IBN) growing in popularity, increased demand for cloud-managed switches, the integration of artificial intelligence (AI) for optimizing networks, and an emphasized importance of network analytics.
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Which Key Market Drivers Powering Ethernet Switch Market Expansion and Growth?
The demand for quicker internet speeds is anticipated to drive the expansion of the ethernet switch market. High-speed internet refers to an internet connection that offers a minimum download speed of 25 Mbps, and a bandwidth capacity of 1,024 kbps for both upstream and downstream. The network's reliability is strengthened through the use of ethernet switches, which can accelerate data speeds up to around 1,000 Mbps. As an example, Uswitch Limited, a broadband service company based in the UK, reported in August 2024 that the median internet speed in the UK had reached 73.21 Mbps, a rise of more than 12% since September 2022. Also, the average upload rates saw a striking increase of nearly 18% from September 2022 to March 2023, hitting 18.4 Mbps. As a result, ever-growing demand for high-speed internet is fueling the expansion of the ethernet switch market.
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Which Fast-Growing Trends Are Poised to Disrupt the Ethernet Switch Market?
Advancements in technology are becoming a key trend in the ethernet switch market, with leading firms creating state-of-the-art products to secure their market position. An example of this is the launch of the LNP-0800G and LNP-0800G-24 unmanned ethernet switches by Antaira Technologies, LLC, a US-based company specializing in industrial networking and communication solutions. These switches use Power over Ethernet (PoE) technology and continue to supply power to connected devices even during firmware updates, preventing any disruption in data collection. It also prevents the resetting of devices once power is reinstated. The switches also have store-and-forward transmission abilities which reduce collisions and frame errors, and elevated EFT and ESD protection, making them suitable for high electromagnetic environments such as automation systems.
What Are the Emerging Segments in the Ethernet Switch Market?
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
Subsegments:
1) By Modular Ethernet Switches: Chassis-Based Switches, Expansion Modules
2) By Fixed Configuration Ethernet Switches: Unmanaged Switches, Managed Switches, Smart Switches
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Who Are the Global Leaders in the Ethernet Switch Market?
Major companies operating in the ethernet switch market include Dell Technologies, Huawei Technologies Co. Ltd., Siemens SE, Cisco Systems Inc., Broadcom Ltd., Hewlett Packard Enterprise, ASUSTeK Computer Inc, Juniper Networks Inc., 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
Which are the Top Profitable Regional Markets for the Ethernet Switch Industry?
North America was the largest region in the ethernet switch market in 2024. Asia-Pacific was the second-largest region in the global ethernet switch market share. The regions covered in the ethernet switch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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