Ethernet switches form the core of local area networks (LANs) facilitating high-speed data transmission and internet access across enterprises. Key advantages include flexibility, seamless integration, high performance, and scalability. With growing digital transformation of industries, the demand for scalable networking infrastructure is surging to support an increasing number of connected devices and bandwidth-intensive applications.
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:
Increasing adoption of Ethernet fabric switches underlines one of the major trends in the global Ethernet switches market. Ethernet fabric switches offer a lossless, low-latency fabric optimized for virtualized and cloud environments. They support advanced networking capabilities like multilayered networking, multipath routing, and intelligent traffic management across hyper-converged infrastructure. Widespread deployment of Ethernet fabric switches is anticipated with increasing virtualization and adoption of private clouds by enterprises to achieve agility, scalability and high performance demanded by modern applications.
Strength: Ethernet switches offer high speed connectivity and support growing bandwidth requirements. They enable seamless transfer of data and are reliable.
Weakness: Upgradation of existing infrastructure requires high investment. Legacy systems also need to be replaced to adopt new technologies which increase costs.
Opportunity: Growing demand for cloud services and data centers are driving the adoption of Ethernet switches. Also increased deployment of IoT devices creates opportunities.
Threats: Growth of wireless technologies like Wi-Fi 6 can pose a threat in the long run. Virtualization and disaggregation of networking also allows ethernet features on other platforms.
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.
Regional analysis: North America dominates the global ethernet switches market currently. High demand from data centers and enterprises is driving the market. Asia Pacific is expected to grow at the fastest pace due to increasing investment in digital infrastructure. Rapid expansion of cloud, IoT, and 5G networks will fuel the adoption of ethernet switches in the region.
Key players: Key players operating in the ethernet switches market are Cisco, Huawei Technologies, HP Enterprise, Arista Networks, New H3C Group, HPE, Juniper Networks, NEC, Lenovo, and Dell. Cisco and Huawei have the largest market share currently. HP Enterprise, Arista Networks, and Juniper Networks are other prominent vendors focusing on innovation and capturing new customer segments.
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it