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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/ -- The ethernet 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

The report also covers the following areas:

Ethernet Switch and Router Market 2023-2027: Segmentation

The ethernet switch and router market is segmented as follows:

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.

Detail Insights on the impact of each segment and make informed business decisions, request a sample report now!

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

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

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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

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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