Ethernet Switch Market Size and Forecast 2024-2033| Dell Technologies, Huawei Technologies Co. Ltd., Siemens SE, Cisco Systems Inc., Honeywell International

The Ethernet Switch Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ethernet Switch Global Market Report 2024, The ethernet switch market size has grown strongly in recent years. It will grow from $5.29 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to proliferation of data-intensive applications, enterprise network expansion, transition to gigabit and 10-gigabit ethernet, demand for improved network performance, data center network modernization.

The ethernet switch market size is expected to see strong growth in the next few years. It will grow to $7 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to migration to higher-speed ethernet standards, rise in edge computing deployments, adoption of intent-based networking (ibn), growing emphasis on network security, expansion of 5G networks. Major trends in the forecast period include multi-gigabit ethernet for wireless connectivity, emergence of intent-based networking (IBN), demand for cloud-managed switches, integration of artificial intelligence (AI) for network optimization, growing importance of network analytics

The surge in demand for high-speed internet facilities is expected to propel the growth of the ethernet switch market going forward. High-speed internet is defined as a connection to the internet with a minimum download speed of 25 Mbps and a maximum bandwidth of 1,024 kbps in both the upstream and downstream directions. Ethernet switches aid in boosting the network’s dependability and boosting data rates up to about 1,000 Mbps. For instance, in October 2021, according to a report shared by the United States Census Bureau, a US-based principal agency of the U.S. Federal Statistical System, an estimated 78.1 percent of American households had a high-speed Internet connection in 2020. Even though the majority of Americans have access to computers and high-speed Internet, there are variances in high-speed internet use by age and racial groupings. Therefore, the surge in demand for high-speed internet facilities is propelling the growth of the ethernet switch market.

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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

Major companies operating in the Ethernet switch market are developing innovative products with advanced technologies, such as hot-swappable modules. This is networking and industrial equipment that allows for the installation or removal of modules without powering down the system. This feature enables maintenance and upgrades without disrupting the overall system’s operation. For instance, in July 2023, Moxa, a Taiwan-based technology company, introduced the MDS-G4020-L3-4XGS series of Ethernet switches. This series features industrial-grade reliability, multicast availability, and security enhancements based on the IEC 62443 standard. The MDS-G4020-L3-4XGS Series modular switches support 4 10GbE + 16 Gigabit ports, including 4 embedded ports, 4 interface module expansion slots, and 2 power module slots.

The ethernet switch market report table of contents includes:

1. Executive Summary

2. Ethernet Switch Market Characteristics

3. Ethernet Switch Market Trends And Strategies

4. Ethernet Switch Market – Macro Economic Scenario

5. Global Ethernet Switch Market Size and Growth

26. South America Ethernet Switch Market

27. Brazil Ethernet Switch Market

28. Middle East Ethernet Switch Market

29. Africa Ethernet Switch Market

30. Ethernet Switch Market Competitive Landscape And Company Profiles

Top Major Players: