Ethernet Switch Global Market Report 2024

An Ethernet switch is a type of network hardware that connects all computer networking devices on a computer, playing a crucial role in networking and the internet. Ethernet switches establish networks and facilitate communication between LAN (local area network) devices using multiple ports.

There are two primary types of Ethernet switches: modular Ethernet switches and fixed configuration Ethernet switches. Modular Ethernet switches are network switches that can be configured using field-replaceable units. They come with multiple switching ports, including 100ME, 1GBE, 10GBE, 40GBE, and 100GBE. These switches find applications in various settings, including residential use, office or commercial use, industrial use, and others. They are utilized by different end-users such as carrier Ethernet, data centers, enterprises, and campuses.

The ethernet switch market research report is one of a series of new reports from The Business Research Company that provides ethernet switch market statistics, including ethernet switch industry global market size, regional shares, competitors with a ethernet switch market share, detailed ethernet switch market segments, market trends and opportunities, and any further data you may need to thrive in the ethernet switch industry. This ethernet switch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 expansion during the historical period can be credited to the increase of data-intensive applications, the expansion of enterprise networks, the shift to gigabit and 10-gigabit Ethernet, the need for enhanced network performance, and the modernization of data center networks.

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 increase anticipated in the forecast period can be ascribed to the shift towards higher-speed Ethernet standards, the surge in edge computing deployments, the adoption of intent-based networking (IBN), a heightened focus on network security, and the expansion of 5G networks. Noteworthy trends in the forecast period encompass multi-gigabit Ethernet for wireless connectivity, the emergence of IBN, the demand for cloud-managed switches, the integration of artificial intelligence (AI) for network optimization, and the growing significance of network analytics.

The anticipated increase in demand for high-speed internet facilities is expected to drive the growth of the Ethernet switch market in the future. High-speed internet is characterized by a connection with a minimum download speed of 25 Mbps and a maximum bandwidth of 1,024 kbps in both upstream and downstream directions. Ethernet switches play a crucial role in enhancing network reliability and increasing data rates, with capabilities reaching up to approximately 1,000 Mbps. For example, in October 2021, as per a report from the United States Census Bureau, an estimated 78.1 percent of American households were equipped with a high-speed internet connection in 2020. Despite widespread access to computers and high-speed internet, variations exist in high-speed internet usage based on age and racial groups. Consequently, the increasing demand for high-speed internet facilities is a driving force behind the growth of the Ethernet switch market.

The anticipated surge in the growth of cloud-based services is expected to drive the expansion of the Ethernet switch market in the future. Cloud-based services involve the delivery of computing resources, applications, or storage solutions over the internet from remote servers, providing on-demand access, scalability, and flexibility for users without requiring local infrastructure. In the context of Ethernet switches, cloud-based services play a vital role by facilitating centralized management and monitoring of switch ports through the web, eliminating the need for physical connections between switches. This enables instant configuration, monitoring, and troubleshooting of switch ports, leading to improved operational efficiency and simplified management. For example, as of June 2023, according to the Australian Bureau of Statistics, a government agency in Australia, 85% of firms reported utilizing information and communication technologies (ICTs) for the year ended June 30, 2022, up from 69% of enterprises during the year ended June 30, 2020. Of these, 59% were associated with cloud computing. Consequently, the increasing growth of cloud-based solutions is a driving force behind the growth of the Ethernet switch market.

Technological advancements have become a prominent trend in the ethernet switch market, with major companies actively developing advanced products to fortify their positions. An example of this trend is evident in the actions of Antaira Technologies, LLC, a US-based company specializing in manufacturing industrial networking and communication products. In September 2022, Antaira Technologies introduced the LNP-0800G and LNP-0800G-24 unmanned ethernet switches, featuring persistent Power over Ethernet (PoE) technology. Antaira's 802.3bt PoE-managed switches now integrate persistent PoE technology, ensuring that powered devices continue to receive power even during firmware updates, thereby preventing interruptions in data collection. This technology also prevents the reset of connected devices after power restoration. Both switches offer store-and-forward transmission capabilities, reducing collisions and frame errors. Moreover, they provide high EFT and ESD protection to safeguard against interference in high electromagnetic environments, such as automation systems. This example underscores how companies are leveraging technological advancements to enhance the capabilities of ethernet switches for improved performance and reliability.

Major companies in the Ethernet switch market are actively engaged in developing innovative products featuring advanced technologies, and one such example is the integration of hot-swappable modules. This technology, commonly used in networking and industrial equipment, allows for the installation or removal of modules without the need to power down the system. The inclusion of hot-swappable modules enables maintenance and upgrades to be carried out without disrupting the overall operation of the system. For instance, in July 2023, Moxa, a technology company based in Taiwan, introduced the MDS-G4020-L3-4XGS series of Ethernet switches. This series stands out for its industrial-grade reliability, multicast availability, and security enhancements aligned with the IEC 62443 standard. The MDS-G4020-L3-4XGS Series modular switches offer support for 4 10GbE + 16 Gigabit ports, which include 4 embedded ports, 4 interface module expansion slots, and 2 power module slots. This example illustrates how major companies are incorporating advanced features such as hot-swappable modules to enhance the functionality and flexibility of Ethernet switches.

In October 2021, Marvell Technology, Inc., a US-based manufacturer of networking solutions, successfully acquired Innovium, Inc. for a total of $1.1 billion. This strategic acquisition was intended to broaden Marvell's involvement and leadership in the ethernet switch market by incorporating a cloud-optimized solution. Innovium, Inc., the acquired company, is a US-based manufacturer known for its innovative switching solutions.

Major companies operating in the ethernet switch market report are 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.

North America was the largest region in the ethernet switch market in 2023. 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.

The countries covered in the ethernet switch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ethernet switch market consists of sales of ethernet switches such as unmanaged switches, partially managed switches, and fully managed switches. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Ethernet Switch Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ethernet switch market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for ethernet switch ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethernet switch market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Dell Technologies; Huawei Technologies Co. Ltd.; Siemens SE; Cisco Systems Inc.; Honeywell International
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.