The ethernet switch market has shown robust growth, rising from $5.29 billion in 2023 to $5.57 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.2%. This growth is driven by the demand for improved network performance, data center modernization, and the transition to higher-speed ethernet standards. The market is expected to grow to $7 billion in 2028 at a CAGR of 5.9%, supported by the rise in edge computing deployments, adoption of intent-based networking (IBN), and the expansion of 5G networks. Major trends include the adoption of multi-gigabit ethernet, increased demand for cloud-managed switches, and the integration of AI for network optimization and analytics.
Major Driver In The Ethernet Switch Market
The surge in demand for high-speed internet facilities is set to drive the growth of the ethernet switch market in the coming years. High-speed internet, characterized by a minimum download speed of 25 Mbps and a maximum bandwidth of 1,024 kbps in both upstream and downstream directions, has become a crucial need. Ethernet switches play a vital role in enhancing network reliability and increasing data rates up to approximately 1,000 Mbps. As of October 2021, the United States Census Bureau reported that an estimated 78.1% of American households had high-speed internet connections in 2020. Despite widespread access, variations exist in high-speed internet usage based on age and racial groups. The increasing demand for high-speed internet facilities is thus a key factor propelling the growth of the ethernet switch market, with market sizes in 2023, 2024, and 2028 reflecting the escalating need for efficient networking solutions.
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Ethernet Switch Market Competitive Landscape
Dell Technologies, Huawei Technologies Co. Ltd., Siemens SE, Cisco Systems Inc., Honeywell International, Broadcom Ltd., Hewlett Packard Enterprise, Eaton Corporation, ASUSTeK Computer Inc, Parker Hannifin Corporation, NXP Semiconductors N.V., Juniper Networks Inc., Iron Mountain, 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, TELEFLY Telecommunications Equipment Co., Ltd.
Key Ethernet Switch Market Trend
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Ethernet Switch Market Segmentation
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
By Geography:The regions covered in the ethernet switch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the ethernet switch market in 2023.
The Ethernet Switch Global Market Report 2024 furnishes information about the global ethernet switch market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
