GLOBAL ETHERNET SWITCHES MARKET ANALYSIS

Global Ethernet Switches MarketSize and Trends

Ethernet Switch Market: Regional Insight

The regional analysis of the market for Ethernet switch is segmented into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa.

North America held the largest market share in 2017 and is projected to retain its dominance throughout the forecast period (2018-2025) owing to rapid urbanization and increasing adaptation of advanced technologies in the region. Countries in the region, such as the USA and Canada are major growth engines for the market due to rapid adoption of new and advanced technologies in these countries. For instance, according to a fact sheet drafted by Pew Research Center, the percentage of adults in U.S. between the age group of 18-29, 30-49, 50-64, and 65+ using internet service was 98%, 97%, 87%, and 66%, respectively. Also, as per the statistics given by International Telecommunication Union, 94% of the youth in developed economies use internet. In order to provide uninterrupted services to such a huge population base is fueling the demand for high speed and efficient networks, leading to the growth of Ethernet market.

Asia Pacific market is expected to grow with the highest CAGR in the forecast period (2018-2025). India, China, Japan are some of the major economies which drive the market in this region. The high-scale network infrastructure modernization of residential and commercial applications is expected to drive growth of the Ethernet switch market. According to IBEF, wireless telecom subscription accounts for 98.04% of the total telephone subscription in India, out of which 56.67% resides in the urban areas. Also, according to a survey conducted by Malaysian Communications and Multimedia Commission (MCMC), the number of internet users was 76.9% in 2016, accounting for around 24.5 million users, which was an increase from 24.1 million in 2015. Increasing number of internet users is expected to surge growth of the market for Ethernet switches.