Market Overview
By reviewing the recent
statistics, the Global Ethernet Switch Market is predicted to witness
a compound annual growth rate (CAGR) of 4.07% in the forecasted period from
2017 to 2023. It is also predicted to witness a magnificent increase, with the
market value reaching as high as 6.84 Billion USD by the end of the forecasted
period.
The Ethernet switch tool
is used to connect various devices and networks. It uses the LAN or local area
network for this purpose. A router is used to connect portable devices with the
internet easily. It is used in many sectors such as education, marketing
business, medicine, hospitality, and others. Thus the Global Ethernet
Switch Market has millions of users across many nations, with Cisco
Systems, Inc., Arista, Huawei, and many others as its key players. The main
driver of this respective market is the growth of industrialization in both
developed and developing countries.
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Regional Analysis
Following the latest statistics,
the Global Ethernet Switch Market is spread over many world
regions. The key regions include Europe, Asia-Pacific, North America, Latin
America, the Middle East, and Africa.
It is reported that the
Asia-Pacific region will witness immense growth in the future years, with China
being the prime region. This region is witnessing an increase in the number of
investors and users alike. Currently, North America is leading the global
market and houses more than 42% of the global market revenue in total.
Market Segmentation
The Global Ethernet
Switch Market is divided into various segments per the collected data.
It includes segments related to switching port type, product type, region-wise,
and end-user type.
By Switching Ports TypeBased on this type of
segmentation type, the respective market is divided into 100 GbE, 40 GbE, 10
GbE, 100 ME, and 1 GbE.
- By Product
Type
Based on this segmentation type,
the respective market is divided into smart switches, modular ethernet
switches, unmanaged switches, managed L2 and L3 switches, and
fixed-configuration Ethernet switches.
- By Region
Type
Based on this type of
segmentation type, the respective market is divided into Asia Pacific, North
America, Europe, and the rest of the world.
- By End-User
Type
Based on this type of
segmentation, the respective market is divided into enterprise and campus,
carrier ethernet, and data center.
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Therefore, the fixed
configuration type is predicted to have the highest market growth in the coming
years as it is reported to have dominated the market in 2019. The 10 GbE
variation is the most widely used one because of its high-speed transmission
and lower prices. Furthermore, the managed switches, another part of the
fixed-configuration switch, are also predicted to increase market size in the
forecasted period. The other segmentation categories are also reported to
witness a gradual and steady growth.
Industry News
The popularity and rapid growth
of the Global Ethernet Switch Market are pulling in major
players to invest in projects and related innovations. It will increase the
market value, quality service deliverance, and job opportunities at the global
level. Listed below are some of the major developments.
- In the April
of 2020, Arista Networks is reported to launch a Cognitive WiFi Software.
This software aims to deliver quality performance optimization,
location-related services, and intelligence identification applications,
along automated troubleshooting services.
- In the April
of 2021, the global supplier of navigation technology named, Navigine and
Huwaei are reported to have agreed on strategic cooperation of the related
market.
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1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK TECHNOLOGY SOFTWARE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
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