Ethernet Switch Market Research Report- Forecast till 2023
Ethernet switches are networking devices attached to the router via a special cable allowing you access to the internet through a modem. It functions as a central place for computers, printers, and other networked devices for communicating with each other. The global Ethernet switch market report by Market Research Future (MRFR) looks at the new products launched by enterprise and service providers and the new strategies for the period of 2017 to 2023 due to the sudden pandemic brought by COVID-19.
The global ethernet switch market is expected to reach a size of USD 6.84 billion by the end of 2023. It can display a staggering 4.07% CAGR during the forecast period.
The burgeoning telecommunication industry, proliferation of internet, use of smartphones, and evolution of communication networking technologies can fuel the market growth. Establishment of IT parks and investments by software behemoths for development of large applications can drive the demand for networking hardware. Furthermore, the offerings of broadband plans by service providers to organizations of various sizes can trigger the large market demand.
The scaling of data centers and the large bandwidth allocated by campuses and public utility stops to students and customers can spur the market demand effectively. Efficiency of network switches and low latency complaints can fuel its adoption in industrial hubs. The advent of industrial internet of things (IIoT) and emergence of connected devices can warrant its demand. Massive data speeds and online communication channels for meeting with clients will work for the market. The miniaturization of devices and demand for small boards can drive the growth in the coming years.
The COVID-19 pandemic had negatively impacted the market with disruptions in supply chains expected to affect the growth. Decline in economic growth and political tensions between the U.S. and China are likely contributors which can impede the market.
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The global ethernet switch market can be segmented by product type, switching ports, and end-user.
Based on product type, the market is segmented into modular ethernet switches and fixed configuration ethernet switches. Fixed configuration ethernet switches can be further segmented into managed L2 and L3 switches, unmanaged switches, and smart switches.
Based on switching ports the ethernet switch market is segmented into 100ME and 1GbE, 10GbE, 40GbE and 100GbE.
Enterprise and campus, carrier Ethernet, and data center are end-use segments of the Ethernet switch market.
Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Regionally, Asia Pacific accounted for the largest market share owing to establishment of major conglomerates in China, Japan, India, and others. It is attributed to growing number of data centers in the region. Increasing application of big data analytics and cloud-based services in various industries of colleges or schools, automotive, and healthcare are expected to encourage the market growth. The expansion of automotive and electronics sectors and the rise in industrialization can influence the market in the region. But lack of skilled personnel for setting up infrastructure can hamper market growth.
Huawei, Brocade Communications Systems, Inc., Juniper Networks, Allied Telesis, Inc., Hewlett-Packard, Alcatel-Lucent, Dell, H3C, D-Link Corporation, Arista, TRENDnet, Inc., and Cisco Systems, Inc. are key players of the global Ethernet switch market. The 100GB capacity of the Ethernet network switches as well as its requirement across geographies and the broadband plans by providers are expected to surge the revenues of players.
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Ethernet Switch Market, By Product Type (Modular Ethernet switches and Fixed Configuration Ethernet switches (Unmanaged Switches, Smart Switches and Managed L2 and L3 Switches), By Switching Ports (100ME and 1GbE, 10GbE, 40GbE and 100GbE), By End-users (Carrier Ethernet, Data center and Enterprise and Campus) – Forecast 2023
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