Ethernet Switches and Routers Market, By Product Type (Ethernet Switches, and Routers), By End Use Industry (IT and Telecommunications, Manufacturing, BFSI, Healthcare, Education, Government and Defense, Retail, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024

Code : CMI5773

Pages :163

Formats :

Excel and PDF

Industry : Semiconductors

Ethernet Switches And Routers MarketSize and Trends

Global ethernet switches and routers market size is estimated to be valued at US$ 18.26 Billion in 2023 and is projected to reach US$ 30.29 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.

Global Ethernet Switches and Routers Market Trends:

Adoption of higher network speeds: There is a growing demand for higher network speeds to accommodate bandwidth-intensive applications and data-intensive workloads. Ethernet switches and routers supporting speeds such as 10 gigabit ethernet (GbE), 40 GbE, and 100 GbE are becoming more prevalent as organizations seek to enhance network performance and support increasing data transfer requirements.
Software-defined networking (SDN): SDN is gaining traction as a way to centrally manage and program network infrastructure, thereby bringing flexibility and agility to network operations. Ethernet switches and routers with SDN capabilities allow for dynamic network configuration, improved scalability, and simplified management, enabling organizations to adapt their networks to changing demands more efficiently. For Instance, In July 2021, Samsung Electronics revealed its expansion of Software-Defined Networking (SDN) solutions, incorporating additional features aimed at assisting mobile operators and enterprises in the simplified management of networks.
Network virtualization: Network virtualization technologies, such as virtual local area networks (VLANs) and virtual private networks (VPNs) are being widely adopted to improve network efficiency and security. Ethernet switches and routers that support virtualization enable the segmentation and isolation of network traffic, thus enhancing performance, scalability, and network management.
Cloud integration and hybrid networking: Adoption of cloud services and hybrid networking models is increasing, with organizations leveraging the scalability and flexibility of cloud infrastructure. Ethernet switches and routers that seamlessly integrate with cloud platforms and support hybrid networking enable efficient and secure connectivity between on-premises infrastructure and cloud resources.