by Ethernet switches are data communication devices that connect various digital devices like computers, printers and servers within a local area network. They boost network efficiency by enabling network segmentation and load balancing. The rising need for higher data transmission speeds to support applications such as video streaming, virtual/augmented reality has fueled demand for advanced routers with enhanced throughput and latency capabilities.
The global Ethernet Switches And Routers Market is estimated to be valued at US$ 18.26 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The surging demand for higher bandwidth from enterprises and consumers to support applications such as video conferencing, interactive gaming and video streaming has been a key growth driver for the ethernet switches and routers market. Manufacturers have been focusing on developing routers and switches with higher throughput capabilities up to 400Gps to efficiently manage the exponentially rising internet traffic. Additionally, the integration of routers with advanced technologies such as AI, SDN and network analytics is helping network administrators optimize network performance. Major ethernet switch and router providers are also offering managed network services which provide remote monitoring and management of the network infrastructure to enterprises, fueling revenue opportunities. However, high initial deployment costs remain a barrier, especially for SMEs.
SWOT Analysis
Strength: Ethernet switches provide reliable and fast data transmission. They allow networking of devices over Ethernet cables.
Weakness: Initial setup and configuration of advanced features of Ethernet switches requires technical expertise. Compatibility issues can arise when using switches from different vendors.
Opportunity: Growing demand for high bandwidth network connectivity in data centers, enterprises and telecom sector offers scope for ethernet switch market growth. Adoption of SDN and virtualization offers new opportunities.
Threats: Offerings from open source networking dominate some market segments. Established cloud providers offer virtual networking capabilities.
Key Takeaways
The Global Ethernet Switches And Routers Market Size is expected to witness high growth.
Regional analysis: The Asia Pacific region currently dominates the ethernet switches and routers market with the highest market share. Countries like China, Japan and India are major contributors to the growth of the market in the region. Rapid digitalization and increasing data center development in the region drives the demand for ethernet switches and routers. North America is another major regional market driven by high technological adoption in various industries.
Key players operating in the Ethernet Switches And Routers market are Huawei Technologies Co. Ltd., ZTE Corp., Cisco Systems Inc., ADVA Optical Networking SE, Nokia Corporation, Ciena Corporation, Infinera Corporation, Fujitsu Ltd., ECI Telecom Ltd., Telefonaktiebolaget LM Ericsson, NEC Corporation, Juniper Networks Inc., Coriant GmbH, Huawei Marine Networks Co. Limited, NTT Electronics Corporation, Lumentum Operations LLC, Plaintree Systems Inc., Marben Products, Smartoptics AS, Shenzhen HiSilicon Technologies Co. Ltd. The market is highly competitive with major players focusing on new product launches, partnerships and mergers & acquisitions to gain market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
