The ethernet switch and router market share is expected to grow at a CAGR of 2.67% between 2022 and 2027. The rising demand for colocation data centers among SMEs and the rising use of open ethernet switches.
The major driver for the global ethernet switch and router market is the increasing demand for colocation data centers from SMEs. SMEs are enterprises with less than 500 employees. Ethernet switches are used to eliminate isolated racks and enable communication between all systems so that SMEs can retrieve information.
Technavio’s analysis on “Ethernet Switch and Router Market by Product, Application, and Geography - Forecast and Analysis 2023-2027” projects that the market share is expected to increase by (value) at an accelerating CAGR during 2023-2027.
The ethernet switch and router market is segmented by product (ethernet switches and routers), application (data centers, carrier ethernet, and others), and geography( North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the ethernet switches segment will be significant during the forecast period. The Ethernet switches segment showed a gradual increase in market share from USD 25477.79 million in 2017 and continued to grow by 2021. Modular switches are considered relatively safer because these switches are free from metallic parts on the switchboard and, therefore, minimize the risk of electrical shocks.
Interoperability issues has become a major challenge to the adoption of ethernet switch and router. Interoperability is defined as a property that allows one piece of equipment to share resources with other equipment and with any external hardware. Switches and routers require a separate sideband and supporting software to assist in their deployment.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major ethernet switch and router market vendors are 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.
adtran.com - The company offers ethernet switch and routers such as Arista 7010 Switch, Cognitive Wi Fi, and Arista 7050X Series.
Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the ethernet switch and router market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the ethernet switch and router market share.
Prediction of the upcoming trends, drivers, and factors that challenge the ethernet switch and router market.
Ethernet switch and router market growth across North America, Europe, APAC, South America, and Middle East and Africa.