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Ethernet Switch Market Trends

  • Report ID: GMI9105
  • Published Date: Apr 2024
  • Report Format: PDF

Ethernet Switch Market Trends

With the increasing demand for higher bandwidth to support data-intensive applications and emerging technologies like IoT, 5G, and cloud computing, there's a growing adoption of multi-gigabit Ethernet switches. These switches offer speeds beyond traditional Gigabit Ethernet, providing 2.5, 5, or even 10 Gigabit per second (Gbps) connectivity to meet the bandwidth requirements of modern networks. Multi-gigabit Ethernet switches enable organizations to future-proof their networks and accommodate the growing volume of data traffic. Cloud service providers and social media firms account for most of the demand for colocation data centers.
 

The market is also driven by adopting new technologies, including blockchain technology, 5G infrastructure, virtual reality communities, and autonomous car technology. With new projects from providers aiming at the enterprise sector, Atlanta has recently become another important market for data center development. To develop a 1.1 million square foot data center in Atlanta, QTS Data Centers submitted proposals the year before the current year. According to the designs in "Project Granite," QTS would create 2.3 million square feet of mixed-use space on around 36 acres of land, including data center space and commercial, retail, and residential land uses. These advances increase the need for data center switching devices in these areas.
 

Software-defined networking (SDN) is gaining traction as organizations seek more agile, flexible, and programmable network infrastructures. SDN decouples the control plane from the data plane, allowing centralized management and orchestration of network resources through software controllers. Ethernet switches that support SDN enable dynamic provisioning, automated network configuration, and policy-based traffic management, enhancing network scalability, efficiency, and security. The adoption of SDN-enabled switches is driven by the need for greater network agility, simplified management, and improved performance in modern digital environments.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Ethernet switch industry size was valued at USD 17.5 million in 2023 and will depict a 4.5% CAGR from 2024 to 2032, fueled by the exponential growth of data traffic and rise of IoT devices and digital transformation initiatives across industries.

The managed L2 configuration segment recorded over 32% of the ethernet switch market share in 2023, owing to its ability to offer advanced features and greater control over network operations and the strong need for seamless integration with other IT systems.

North America market registered 35% revenue share in 2023 due to the robust need for sophisticated networking infrastructure within the region spans across diverse sectors including IT, telecommunications, healthcare, finance, and manufacturing.

Some of the ethernet switch companies are Cisco Systems Inc., Arista, Hewlett Packard, Huawei, Juniper Networks, H3C, and Brocade Communications Systems, among others.

Ethernet Switch Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 290
  • Countries covered: 21
  • Pages: 220
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