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Market Overview:The global industrial Ethernet switch market is expected to scale USD 2.0 Billion valuation during the review period (2017-2023), asserts Market Research Future (MRFR).
The promising CAGR of 14% which the market is expecting to witness is due to the adoption of industrial automation and rising security concerns over the network.
Moreover, industrial ethernet switches help in standardization and consolidation of manufacturing networks.Improvement of data center capabilities is a driving force behind the growth of the global Industrial Ethernet Switch Market.
Growing dependency of organizations on data centers, need for automatic switching device along with demand for high-speed data services augment the demand for industrial ethernet switches.
Moreover, industrial ethernet switches cater to the manifold requirements of industrial communication networks.
By end users, the market has been segmented into aerospace & Defense, oil & gas, food & beverages, manufacturing, automotive, chemical, electrical power generation, and others.Key PlayersSome of the key players in the industrial ethernet switch market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Alcatel-Lucent (France), Hewlett Packard Enterprise (U.S.), Polycom (U.S.), Avaya Inc. (U.S.), Microsoft Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), IBM Corporation (U.S.), Brocade Communications Systems, Inc. (U.S.), Siemens AG (Germany), Huawei Technologies Co., Ltd (China), and ZTE Corporation (China), among others.Regional AnalysisThe global industrial ethernet switch market spans across the regions of North America, Europe, Asia Pacific, and Rest of the world.