How Has the Ethernet Switch Market Size Evolved in Recent Years?
The ethernet switch market has seen considerable growth due to a variety of factors.
• Over the past few years, the ethernet switch market size has shown a constant growth. It's anticipated to increase from $5.44 billion in 2024 to $5.65 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%.
The expansion previously noticed can be linked to the increased usage of data-demanding applications, the enlargement of enterprise networks, advancement to gigabit and 10-gigabit ethernet, a heightened demand for enhanced network performance, and network modernization in data centers.
What Are the Future Growth Projections for the Ethernet Switch Market?
The ethernet switch market is expected to maintain its strong growth trajectory in upcoming years.
• The market for ethernet switches is predicted to experience significant expansion in the upcoming years, reaching a total worth of $7.62 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.8%.
This anticipated growth in the forecast span can be credited to the transition to higher-speed ethernet standards, an increase in edge computing implementations, the embrace of intent-based networking (IBN), a rising focus on network security, and the proliferation of 5G networks. Key trends for the forecast period encompass multi-gigabit ethernet for wireless connectivity, the emergence of intent-based networking (IBN), the surge in demand for cloud-managed switches, the incorporation of artificial intelligence (AI) for network performance enhancement, and the growing significance of network analytics.
What Are The Essential Drivers Behind The Growth Of The Ethernet Switch Market?
The burgeoning need for high-speed internet services is anticipated to spur the expansion of the ethernet switch market in the future. High-speed internet refers to an internet connection with a minimum download speed of 25 Mbps and a maximum bandwidth of 1,024 kbps in both the upstream and downstream avenues. Ethernet switches contribute to enhancing the reliability of the network and escalating data speeds to nearly 1,000 Mbps. For example, Uswitch Limited, a British broadband service provider, announced in August 2024 that the UK's median average internet speed had reached 73.21 Mbps by 2024, marking an over 12% increase from September 2022. Moreover, average upload speeds witnessed a remarkable growth of nearly 18% between September 2022 and March 2023, attaining 18.4 Mbps. Consequently, the burgeoning need for high-speed internet services is accelerating the expansion of the ethernet switch market.
What Are The Major Segments Within 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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Which Trends Are Expected To Transform The Ethernet Switch Market?
The ethernet switch market is seeing a significant trend in the form of technological advancements. In an attempt to fortify their market standing, major corporations in this sector are introducing products featuring cutting-edge technology. Antaira Technologies, LLC, an American enterprise known for manufacturing industrial networking and communication products, is a great example. They unveiled the LNP-0800G and LNP-0800G-24 unmanned ethernet switches in September 2022. These switches come with the continuous Power over Ethernet (PoE) technology. Antaira's 802.3bt PoE-managed switches have now integrated this persistent PoE technology. This ensures the power supply is uninterrupted to the powered devices even during firmware updates, preventing any halt in data collection. Furthermore, it refrains from resetting connected devices once the power is back. Both switches also feature store-and-forward transmission capabilities, reducing both collisions and frame errors. They also offer high degrees of EFT and ESD protection, ensuring they can effectively manage interference in situations with high electromagnetic presence, such as automation systems.
Who Are the Key Players 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
What Is The Most Dominant Region In The Ethernet Switch Market?
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.
