Global Ethernet Switch Market growing at a CAGR of 4.7% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The Ethernet switch market is poised for strong expansion and is expected to reach USD 25,477.18 million by 2030. The market was sized at USD 17,924.68 million in 2022 and is projected to grow at a compound annual growth rate of 4.7% during the period 2023-2030.
The report highlights the increasing adoption of Ethernet switches to provide high-speed connectivity and bandwidth to data centers. Consegic Business Intelligence provides an inclusive research report on the Ethernet switch market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Ethernet Switch Market By Overview
Consegic Business Intelligence provided an inclusive research report on the Ethernet switch market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. 100 gigabyte Ethernet switches are anticipated to witness the fastest CAGR during the forecast period. The growth of the market is credited to the increasing adoption of 100 Gbps Ethernet switches in industrial and commercial applications namely cloud services, edge computing, and big data. In addition, data centers serve as the backbone of modern digital infrastructure, requiring high-speed and scalable networking solutions. 100 Gigabyte Ethernet switches offer the necessary throughput to connect servers, storage systems, and other networking equipment within the data center, enabling efficient data transfer and supporting the growing demands of data-intensive applications.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand of Ethernet switches to provide high-speed connectivity to data centers is propelling the market growth.
- Increasing number of small-medium enterprises is raising the demand of Ethernet switches for establishing local area networks (LANs) within SME environments.
- The ability of Ethernet switches to withstand a diverse range of temperatures in industries is accelerating the market growth.
Restraints:
- High manufacturing and maintenance cost associated with Ethernet switch is hindering the market growth.
- Short lifecycle of the built-in fans in Ethernet switches is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Modular Ethernet Switches and Fixed Configuration Ethernet Switches |
| By Capacity | 100 Megabyte, 1 Gigabyte, 10 Gigabyte, 40 Gigabyte, and 100 Gigabyte |
| By End-User | Consumer Electronics, Healthcare, IT & Telecom, Transportation, Automotive, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for Ethernet switch market is highly competitive with major players including Leonton Technologies Co., Ltd., Brainboxes Limited, Advantech Co., Ltd., and NXP Semiconductors N.V. that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the Ethernet switch market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Leonton Technologies Co., Ltd.
- Brainboxes Limited
- Advantech Co., Ltd.
- NXP Semiconductors N.V.
- Alcatel-Lucent
- Allied Telesis
- Brocade Communications Systems, Inc.
- Cisco Systems Inc.
- Dell Technologies
- D-Link Corporation
- Eaton Corporation
- Hewlett-Pack Corporation
- Honeywell International
- Huawei Technologies
- Siemens SE
