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Ethernet switches facilitate faster and more reliable transmission of data, audio and video between various devices on a computer network. They enable higher bandwidth that enhances productivity and flexibility. Advance switching technologies offer benefits like improved power usage, port density, scalability and performance. Growing digitalization and deployment of internet of things devices across industries is majorly driving their adoption. Need for supporting numerous network devices and providing uncompromised connectivity has increased demand for advanced ethernet switching solutions.
The global Ethernet Switches Market is estimated to be valued at US$ 18.60 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of advance ethernet switching technologies like 100 gigabit ethernet and 400 gigabit ethernet is expected to accelerate market growth during the forecast period. 100 gigabit ethernet switches offer eight times faster speeds than standard 10 gigabit ethernet and support more concurrent connections. Meanwhile, 400 gigabit ethernet provides a migration path towards terabit speeds and handles immense data center traffic. Vendors are focusing on developing power efficient switches to support green networking initiatives. Additionally, integration of artificial intelligence and machine learning capabilities is gaining traction to enable self-configuring, self-healing and more automated network management features.
Segment Analysis
The global Ethernet switches market is dominated by the managed segment which accounts for over 60% of the market share. Managed Ethernet switches provide better functionality, security, and visibility compared to unmanaged switches. They offer remote monitoring and management capabilities which allow configuration and troubleshooting of network issues from a central location. This reduces operating costs and improves network agility for organizations.
Key players
Key players operating in the global Ethernet switches market are Cisco, Huawei Technologies, HP Enterprise, Arista Networks, New H3C Group, HPE, Juniper Networks, NEC, Lenovo, and Dell. Cisco currently leads the market with over 20% share due to its extensive product portfolio and global presence. Huawei Technologies is also a major player in Ethernet switching, especially in Asia Pacific region leveraging its strong telecom business in China.
Key Takeaways
The global Ethernet Switches Market is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis
Regional analysis shows that Asia Pacific region dominates the global Ethernet switches market with over 35% share currently. Rapid digitalization and growth of hyperscale data centers in countries like China and India is driving the demand for Ethernet switches in the region. North America is the second largest market followed by Europe.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.
