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The ethernet switch market has demonstrated robust growth, ascending from $5.29 billion in 2023 to $5.57 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.2%. This growth is attributed to the proliferation of data-intensive applications, enterprise network expansion, transition to gigabit and 10-gigabit ethernet, demand for improved network performance, and data center network modernization. Looking ahead, the market is poised for strong growth, projected to reach $7 billion in 2028, with a CAGR of 5.9%. Factors such as migration to higher-speed ethernet standards, the rise in edge computing deployments, adoption of intent-based networking (IBN), emphasis on network security, and the expansion of 5G networks are expected to fuel this growth. Major trends in the forecast period include multi-gigabit ethernet for wireless connectivity, emergence of IBN, demand for cloud-managed switches, integration of artificial intelligence (AI) for network optimization, and the growing importance of network analytics.

The surge in demand for high-speed internet facilities is set to drive the growth of the ethernet switch market in the coming years. High-speed internet, characterized by a minimum download speed of 25 Mbps and a maximum bandwidth of 1,024 kbps in both upstream and downstream directions, has become a crucial need. Ethernet switches play a vital role in enhancing network reliability and increasing data rates up to approximately 1,000 Mbps. As of October 2021, the United States Census Bureau reported that an estimated 78.1% of American households had high-speed internet connections in 2020. Despite widespread access, variations exist in high-speed internet usage based on age and racial groups. The increasing demand for high-speed internet facilities is thus a key factor propelling the growth of the ethernet switch market, with market sizes in 2023, 2024, and 2028 reflecting the escalating need for efficient networking solutions.

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What Are The Key Trends That Influence Ethernet Switch Market Share Analysis?

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Which Market Players Are Driving Growth In The Ethernet Switch Market?

Major companies operating in the ethernet switch market report are Dell Technologies, Huawei Technologies Co. Ltd., Siemens SE, Cisco Systems Inc., Honeywell International, Broadcom Ltd., Hewlett Packard Enterprise, Eaton Corporation, ASUSTeK Computer Inc, Parker Hannifin Corporation, NXP Semiconductors N.V., Juniper Networks Inc., Iron Mountain, Arista Networks, HPE Aruba, TP-Link, Belden Inc., Advantech Co. Ltd., Alcatel-Lucent Enterprise, Beckhoff Automation, New H3C Technologies Co. Ltd., NETGEAR Inc., Black Box Network Services, D-link Corporation, Moxa Inc., Linksys, Allied Telesis Inc., TRENDnet, Inc., Brocade Communications Systems, TELEFLY Telecommunications Equipment Co., Ltd.

How Is The Global Ethernet Switch Market Segmented?

The ethernet switch market covered in this report is segmented –

1) By Product: Modular Ethernet Switches, Fixed Configuration Ethernet Switches
2) By Switching Ports: 100ME, 1GbE, 10GbE, 40GbE, 100GbE
3) By Application: Residential Use, Office or Commercial Use, Industrial Use, Other Applications
4) By End-User: Carrier Ethernet, Data Center, Enterprise And Campus

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The Ethernet Switch Global Market Report 2024 provides an overview of the ethernet switchmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ethernet switch market forecast analyzes ethernet switch market size, ethernet switch market share, leading competitor and their market positions.

The Table Of Content For The Ethernet Switch Market Include

1. Ethernet Switch Market Executive Summary
2. Ethernet Switch Market Segments
3. Ethernet Switch Market Size And Template Market Growth Rate
4.  Key Ethernet Switch Market Trends
5. Major Ethernet Switch Market Drivers
……
25. Key Mergers And Acquisitions In The Ethernet Switch Market
26. Top Ethernet Switch Companies
27. Ethernet Switch Market Opportunities And Strategies
28. Ethernet Switch Market, Conclusions And Recommendations
29. Appendix

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