Ethernet Switch Market is Increase With a Healthy CAGR of 4.7% By 2023-2030
Ethernet Switch Market Overview:
The Ethernet Switch Market Share (Abre numa nova janela) was USD 17,924.68 Million in 2022,It is projected to reach USD 25,477.18 Million by 2030 indicating a CAGR of 4.7% during the forecast period.
Market key drivers:
Several factors contribute to the growth of the Ethernet switch market:
Rising data traffic: The proliferation of internet-connected devices, cloud computing, and video streaming has led to an exponential increase in data traffic, necessitating high-performance Ethernet switches.
Digital transformation: Organizations across industries are adopting digital technologies to improve efficiency and competitiveness, driving the demand for robust network infrastructure.
5G deployment: The rollout of 5G networks is creating new opportunities for Ethernet switches in areas such as IoT, smart cities, and industrial automation.
Data center expansion: The growing need for data storage and processing has fueled the demand for high-speed and low-latency Ethernet switches in data centers.
Market Key Players:
Advantech Co., Ltd., NXP Semiconductors N.V., Alcatel-Lucent, Allied Telesis, Brocade Communications Systems, Inc., Cisco Systems Inc., Dell Technologies, D-Link Corporation, Eaton Corporation, Hewlett-Pack Corporation, Honeywell International, Huawei Technologies, Siemens SE
Market Segmentation:
By Type: Modular Ethernet Switches and Fixed Configuration Ethernet Switches
By Capacity: 100 Megabyte, 1 Gigabyte, 10 Gigabyte, 40 Gigabyte, and 100 Gigabyte
By End-User: Consumer Electronics, Healthcare, IT & Telecom, Transportation, Automotive, and Others
Market Regional Analysis
The Asia Pacific region is expected to dominate the Ethernet switch market due to rapid economic growth, increasing internet penetration, and Ethernet switch market growth (Abre numa nova janela) adoption of cloud computing and data centers. North America and Europe are also significant markets with established IT infrastructure.
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