Ethernet Switches Market Insights Revealed in New RationalStat Report, Highlighting Key Growth Drivers and Emerging Trends

The global ethernet switches market is expected to approach US$ 51.6 billion by 2030, with an annual growth rate of more than 4.4%

Wilmington, Delaware, Nov. 19, 2023 (GLOBE NEWSWIRE) —

Global Ethernet Switches Market: Segmental and Market Share Analysis

• On the basis of region, North America is anticipated to dominate the ethernet switches market, primarily driven by US and Canada. In 2022, the ethernet switches market experienced a growth rate of approximately 26.2% in the US, while in Canada the market showcased a growth rate of approximately 17%.

Report Synopsis

Report Metrics	Details
Base Year	2022
Forecast Period	2023-2030
Base Year Market Size	US$ 38.3 billion
Market Size Forecast	US$ 51.6 billion
Growth Rate	4.4%
Key Market Drivers	Rise of 5G technology Data center expansion Growth in adoption of IoT
Companies Profiled	Cisco Systems, Inc. Huawei Technologies Co., Ltd. Hewlett Packard Enterprise Development LP Arista Networks, Inc. Juniper Networks, Inc. Dell Inc. Extreme Networks NETGEAR MikroTik Broadcom TP-Link Corporation Limited

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global ethernet switches market include,

• In January 2022, Cisco expanded its Catalyst 9000 switching product portfolio, by launching Catalyst IE9300, intended to enhance security, scalability, and reliability for various outdoor industrial applications for multiple industries including, roadways, rail, oil & gas, among others.

Some of the prominent players and suppliers operating and contributing significantly to the global ethernet switches market growth include Cisco Systems, Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, Arista Networks, Inc., Juniper Networks, Inc., Dell Inc., Extreme Networks, NETGEAR, MikroTik, Broadcom, and TP-Link Corporation Limited, among others.

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RationalStat has segmented the global ethernet switches market based on type, end user, configuration, enterprise size, and region

• Global Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Modular
  • Fixed Configuration
• Global Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
  • Education
  • Healthcare
  • Financial Services
  • Enterprise Campus
  • Telecommunication
  • Industrial
  • Others
• Global Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Configuration
  • Smart
  • Unmanaged
  • Managed
  • Divided
• Global Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Enterprise Size
  • Small and Medium
  • Large
• Global Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • US
    • Canada
  • Latin America Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Ethernet Switches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Ethernet Switches Report:

• What will be the market value of the global ethernet switches market by 2030?
• What is the market size of the global ethernet switches market?
• What are the market drivers of the global ethernet switches market?
• What are the key trends in the global ethernet switches market?
• Which is the leading region in the global ethernet switches market?
• What are the major companies operating in the global ethernet switches market?
• What are the market shares by key segments in the global ethernet switches market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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