Ethernet Switch and Router Market size to grow by USD 6074.87 million from 2022 to 2027|Rising demand for colocation data centers among SMEs to drive growth - Technavio
NEW YORK, July 10, 2023 /PRNewswire/ -- Theethernet switch and router market size is set to grow by USD 6074.87 million between 2022 and 2027 and register an accelerating CAGR of 2.67%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report
Ethernet Switch and Router Market 2023-2027: Segmentation
The ethernet switch and router market is segmented as follows:
Product
Ethernet Switches
Routers
Application
Data Centers
Carrier Ethernet
Others
Geography
North America
Europe
APAC
South America
Middle East And Africa
The market share growth by the ethernet switches segment will be significant during the forecast period. The main classification of ethernet switches includes modular switches and fixed-configuration switches. Modular switches are widely used in households as they are specifically manufactured to complement the interiors of living rooms and offices. These modular switches are sold in a variety of appealing designs, colors, and styles. Furthermore, the ethernet switches are offered with the latest variety of modular switches which has several benefits such as convenience and ease of use. Hence, such factors are expected to drive market growth during the forecast period.
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Ethernet Switch and Router Market 2023-2027: Vendor Analysis and Scope
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Adtran Inc., Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp, Dell Technologies Inc., Extreme Networks Inc., Huawei Technologies Co. Ltd., Intel Corp., Juniper Networks Inc., Netgear Inc., New H3C Technologies Co. Ltd., Nokia Corp., Telefonaktiebolaget LM Ericsson, Tellabs Access LLC, TP-Link Corp. Ltd., TRENDnet Inc., ZTE Corp., Hewlett Packard Enterprise Co., and Plantronics Inc.
Vendor Offering
Adtran Inc: The company offers ethernet switches and routers such as Arista 7010 Switch, Cognitive Wi-Fi, and Arista 7050X Series.
Arista Networks Inc: The company offers ethernet switches and routers such as Arista 7010 Switch, Cognitive Wi-Fi, and Arista 7050X Series.
Broadcom Inc: The company offers ethernet switches and routers such as RoboSwitch, StrataDNX, and BCM95352GR.
Ethernet Switch and Router Market 2023-2027: Market Dynamics
Key Driver
Increasing demand for colocation centers across SMEs drives market growth. There is increasing adoption of colocation data centers across SMEs as these enterprises are unable to afford the high operational cost and set up their own data. Hence, these enterprises rent IT infrastructure as per their requirement. Furthermore, the increasing adoption of cloud-based services is also significantly contributing to the market growth. It is expected to have a rise in the integration of managed network software with cloud computing due to the consistent deployment of network services by several vendors. Hence such factors are expected to drive the market growth.
Major Trends
The emergence of 5G is a primary trend in the ethernet switch and router market. It is expected to have a high demand for 5G globally due to the numerous investments. Additionally, there is increasing adoption of 5G by several prominent telecommunication service providers and network device manufacturers. One of the main benefits of the integration of the 5G network is that it offers ultra-speed internet with low latency, which enhances these companies' performance as well as revenue. As a result of these rising investments in 5G, the demand for ethernet switches and routers will increase over the forecast period. Hence, such factors are expected to drive market growth during the forecast period.
Significant Challenges
Interoperability-related issues can pose a significant threat to the global ethernet switch and router market growth. The setting up of network infrastructure involves several complex processes which are hard to implement at the base level. In the case of SMEs, the complexity increases further as end-users heavily rely on these network infrastructures for their day-to-day operations. Hence, any interference in the operations can significantly impact the workflow of the end users. Hence such factors can negatively impact the market, which in turn can hinder the market growth during the forecast period.
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Ethernet Switch and Router Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist ethernet switch and router market growth during the next five years
Estimation of the ethernet switch and router market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the ethernet switch and router market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of ethernet switch and router market vendors
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Related Reports: The industrial ethernet market size is estimated to grow at a CAGR of 12.86% between 2022 and 2027, and the size of the market is forecast to increase by USD 37.51 billion. This report extensively covers market segmentation by component (hardware, software, and services), technology (Ethernet/IP, PROFINET, EtherCAT, Modbus TCP/IP, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The robust growth of IIoT is the key factor driving the global industrial ethernet market.
The gigabit ethernet test equipment market size is estimated to grow at a CAGR of 7.97% between 2022 and 2027. The gigabit ethernet test equipment market size is forecast to increase by USD 802.46 million. This gigabit ethernet test equipment market report extensively covers market segmentation by type (10 GBE, 50 GBE, and more than 100 GBE), end-user (telecommunication, manufacturing, automotive, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The rising demand for high-speed Ethernet is notably driving market growth.
Ethernet Switch And Router Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 2.67%
Market growth 2023-2027
USD 6,074.87 million
Market structure
Fragmented
YoY growth 2022-2023(%)
1.61
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 42%
Key countries
US, China, Taiwan, France, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Adtran Inc., Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp, Dell Technologies Inc., Extreme Networks Inc., Huawei Technologies Co. Ltd., Intel Corp., Juniper Networks Inc., Netgear Inc., New H3C Technologies Co. Ltd., Nokia Corp., Telefonaktiebolaget LM Ericsson, Tellabs Access LLC, TP-Link Corp. Ltd., TRENDnet Inc., ZTE Corp., Hewlett Packard Enterprise Co., and Plantronics Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global ethernet switch and router market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global ethernet switch and router market 2017 - 2021 ($ million)
Exhibit 154: Juniper Networks Inc. - Product / Service
Exhibit 155: Juniper Networks Inc. - Key offerings
12.13 Netgear Inc.
Exhibit 156: Netgear Inc. - Overview
Exhibit 157: Netgear Inc. - Business segments
Exhibit 158: Netgear Inc. - Key offerings
Exhibit 159: Netgear Inc. - Segment focus
12.14 New H3C Technologies Co. Ltd.
Exhibit 160: New H3C Technologies Co. Ltd. - Overview
Exhibit 161: New H3C Technologies Co. Ltd. - Product / Service
Exhibit 162: New H3C Technologies Co. Ltd. - Key news
Exhibit 163: New H3C Technologies Co. Ltd. - Key offerings
12.15 Plantronics Inc.
Exhibit 164: Plantronics Inc. - Overview
Exhibit 165: Plantronics Inc. - Business segments
Exhibit 166: Plantronics Inc. - Key offerings
Exhibit 167: Plantronics Inc. - Segment focus
12.16 Telefonaktiebolaget LM Ericsson
Exhibit 168: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 169: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 170: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 171: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 172: Telefonaktiebolaget LM Ericsson - Segment focus
12.17 TRENDnet Inc.
Exhibit 173: TRENDnet Inc. - Overview
Exhibit 174: TRENDnet Inc. - Product / Service
Exhibit 175: TRENDnet Inc. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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