logo
logo
Sign in

Ethernet Switches And Routers Market Growth Accelerated By Demand For High Speed Connectivity

avatar
Leena Shedmake
Ethernet Switches And Routers Market Growth Accelerated By Demand For High Speed Connectivity

The Ethernet switches and routers market has seen immense growth due to the rising adoption of Ethernet switches and routers in data centers, carrier ethernet, enterprise LANs and other industrial applications. Ethernet switches are used to connect devices within a local area network (LAN) and allow them to share data and resources. Routers perform the same function across wide area networks (WANs). The increasing dependence on high-speed internet and cloud services has resulted in rising demand for Ethernet switches and routers to support connectivity requirements. Enterprise networks are also transforming to become more agile with software-defined solutions based on Ethernet switches and routers.


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 adoption of Ethernet switches and routers is witnessing strong growth driven by deployment of high-speed networking solutions worldwide. The rising demand for high-bandwidth connectivity to support technologies like 5G, cloud computing, IoT and big data is propelling the demand for advanced routers and switches capable of handling gigabit network traffic. Manufacturers are developing feature-rich solutions with increased port densities, faster speeds and compatibility with multiple protocols to address the diverse networking needs. The transition to software-defined solutions is also gaining momentum with the development of open network operating systems, virtual and centralized network management platforms. This transition will simplify network operations while enabling faster adoption of new technologies and applications.

Segment Analysis


The Ethernet switches and routers market is dominated by the switches segment, which accounts for more than 60% of the overall market share. Switches are essential networking devices that direct data packets between ports within local area networks (LANs) and allow devices to share connections. Rising adoption of cloud-based services and increased private network traffic have propelled the need for switches to interconnect devices within data centers and enterprises.


Key Takeaways


The Global Ethernet Switches And Routers Market Growth is expected to witness high.

Regional analysis: The North America region currently dominates the market, accounting for over 35% share due to rapid adoption of advanced networking technologies across industries. However, the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to increasing investments in network infrastructure development, notably in China, India, and Japan.


Key players: 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 dominate the Ethernet switches and routers market. Huawei is the global market leader with over 20% share owing to its comprehensive product portfolio and strong presence across regions.

Explore more information on this topic, Please visit-

https://www.marketwebjournal.com/ethernet-switches-and-routers-market-growth-and-trnds-analysis-share-size-demand-forecast/ 

Explore more trending article related this topic:

https://masstamilan.in/shipbuilding-an-ancient-industry-still-dominating-global-trade/ 

collect
0
avatar
Leena Shedmake
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more