Allied Market Research published a report on Ethernet Switch Market by Type, Configuration, Speed: Global Opportunity Analysis And Industry Forecast, 2022-2031. According to the report, the global ethernet switch market was valued at $17.2 billion in 2021, and is estimated to reach $26.1 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.
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Factors such as increase in adoption of Ethernet switches due to their benefits and rise in need to ensure efficiency in communication infrastructure in the automotive & transport environment drive the growth of the market. Moreover, rise in application of Ethernet switch in industrial infrastructures such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities fuels the market growth.
The ethernet switch industry share is expected to witness considerable growth, owing to rise in application of ethernet switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities.
The use of Ethernet switches has increased significantly as a result of the rising need for high-speed data transmission and network connection across a variety of industries, including telecommunications, data centres, and cloud computing. Businesses and organisations need scalable and effective network infrastructures to accommodate the increasing data volumes as a result of the exponential rise of IoT devices and data traffic.
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Competitive Analysis:
The company profile section of the Ethernet Switch Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global Ethernet Switch Market include,
- Alcatel-Lucent Enterprise International
- Allied Telesis, Inc
- Arista
- Belden Inc
- Black Box Network Services
- Broadcom
- Cisco Systems Inc
- Dell Inc
- H3C
- HUAWEI
The ethernet switch market is competitive and comprises a number of regional and global vendors competing, based on factors such as cost of solutions & services, reliability, efficiency of the product, and support services. Owing to the competition, vendors operating in the market are offering advanced industrial Ethernet switch solutions to improve the marketing strategies of enterprises. For instance, in February 2020, Advantech, the leading player in embedded, industrial, IoT, and automation solution platforms launched its latest series of 10G industrial Ethernet switches.
In addition, key players are heavily investing in R&D activities to develop effective Ethernet switch technology and services offerings, which is opportunistic for the market.
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Key Findings of the Study:
- In 2021, the modular ethernet switches segment was the major revenue contributor to the ethernet switch industry, and is projected to grow at a notable CAGR of 5.61% during the forecast period.
- The managed L3 and managed L2 segments together accounted for around 84.1% of the ethernet switch market trends in 2021.
- The 1G segment is projected to growth at a CAGR of 5.96% during the forecast period.
- North America contributed for the major ethernet switch market share, accounting for more than 42.4% share in 2021.
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