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Ethernet Switch Market: Global Opportunities, Development Status, Regional Trends, Sales Revenue and Industry Growth with 14% of CAGR by Forecast 2023 | Analysis of Corona-Virus

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Ehtesham Peerzade

Market Highlights

Ethernet switches are networking devices attached to the router via a special cable allowing you access to the internet through a modem. It functions as a central place for computers, printers, and other networked devices for communicating with each other. The global Ethernet switch market report by Market Research Future (MRFR) looks at the new products launched by enterprise and service providers and the new strategies for the period of 2017 to 2023 due to the sudden pandemic brought by COVID-19.

The increase in internet users across the world is observed to the primary cause for the Ethernet switch market, reveals Market Research Future (MRFR) in its latest “Ethernet Switch Market” report. MRFR states that the global Ethernet switch market is expected achieve a valuation of USD 2 Bn at 14% CAGR through the assessment period (2016 to 2023). Ethernet switch offers better connectivity to PCs, servers, and routers. The simplified connectivity advantage of Ethernet switch can promote the market growth. Other advantages, such as better network performance, direct connection to workstations, and few frame collisions are anticipated to favor the market.

The intense competition among suppliers and the waging price war to provide cost efficient solutions to consumers can impel the expansion of the global Ethernet switch market. Top-notch Ethernet switch market suppliers are using advanced technology and are coming up with innovations, such as terabit networking, which can boost the expansion of the global market. Increase in digital data traffic and rise in the demand for better bandwidth solutions are observed to be some impellers of the global Ethernet market. Additional factors, such as increase in number of data centers and high rate of adoption of cloud storage can propel the global Ethernet switch market in the forecast period. On the flip side, difficult in install and need for training personals are key restrains of the market.

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Segmentation:

The global ethernet switch market can be segmented by product type, switching ports, and end-user.

Based on product type, the market is segmented into modular ethernet switches and fixed configuration ethernet switches. Fixed configuration ethernet switches can be further segmented into managed L2 and L3 switches, unmanaged switches, and smart switches.

Based on switching ports the ethernet switch market is segmented into 100ME and 1GbE, 10GbE, 40GbE and 100GbE.

Enterprise and campus, carrier Ethernet, and data center are end-use segments of the Ethernet switch market.

Regional Outlook

Asia Pacific Ethernet switch market can surge owing to the rise in demand for Ethernet switch in different sectors, such as healthcare, automotive, telecommunication and IT, and others. Advanced technology increase in data centers count and rise in cloud solution providers are additional factors that are expected to prompt the expansion of the APAC Ethernet switch market. The high demand for Ethernet switch across the telecommunication sector coupled with the rise in the penetration of the internet can spur the regional Ethernet switch market growth. China, Japan, and India among other countries of APAC, due to the presence of their cash-rich automotive and electronics industries can bolster the Asia Pacific market.

Key Players

MRFR profiled key players of the Ethernet switch market. They are; Huawei, Hewlett-Packard, Cisco Systems, Inc., Juniper Networks, Arista, Brocade Communications Systems, Inc., H3C, Allied Telesis, Inc., D-Link Corporation, TRENDnet, Inc., Alcatel-Lucent, Dell and others.

The growing competition among suppliers of Ethernet switch can favor the market to generate substantial revenue. The establishment of domestic and international brands and new entrants are influencing the competitive landscape of the Ethernet switch. Key players are investing in innovations and via strategic mergers and acquisitions, are likely to improve their position in the market. High investments in exploration and development activities and the growing need for diversified, cost-effective product portfolio can benefit the global market of Ethernet switch.

Also Read: http://www.marketwatch.com/story/ethernet-switch-market-growth-driven-by-requirement-of-high-data-speeds-in-industries-ethernet-switch-market-size-share-growth-strategies-and-industry-trends-2020-09-23 

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