The Ethernet Switches And Routers Market is estimated to be valued at Us$ 18.26 Bn in 2023 and is expected to exhibit a CAGR Of 7.5% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:


Ethernet switches and routers are networking devices that connects multiple devices together wirelessly or through Ethernet cables allowing them to share data and resources. They are widely used in commercial office buildings, healthcare facilities, schools, enterprises and data centers to build local area networks (LANs) and wide area networks (WANs).

Market Dynamics:


Growth of the global Ethernet switches and routers market is mainly driven by increasing demand for high-speed network infrastructure to support bandwidth-intensive applications like video conferencing, cloud computing and online streaming. Additionally, surging adoption of Internet of Things (IoT) coupled with rising penetration of smart connected devices is further fueling the demand for advanced network infrastructure. However, vulnerability of networking devices to cyber-attacks poses as a major challenge for market growth.

SWOT Analysis


Strengths: The Ethernet Switches And Routers Market has high growth potential due to increasing demand for network connectivity. The market leaders have strong R&D capabilities to develop advanced products with new technologies. Established distribution network of major players ensures wide availability of products.


Weaknesses: High initial investment requirement for setting up a manufacturing plant poses challenges for new entrants. Changing technology landscape requires continuous upgradation of products, increasing costs.


Opportunities: Rising deployment of high-speed internet and growth in data centers and cloud infrastructure creates demand for switches and routers. Advent of concepts like IoT and edge computing will drive further opportunities.


Threats: Commoditization of products increases competition. Volatility in raw material prices can impact production costs.

Key Takeaways


The global Ethernet Switches And Routers Market is expected to witness high growth, exhibiting CAGR of 7.5% over the forecast period, due to increasing investment in digital transformation initiatives across industries. Adoption of ethernet switches and routers is growing with expansion of network infrastructure to support numerous internet-connected devices and bandwidth-intensive applications.

Regional analysis: North America dominated the ethernet switches and routers market in 2023, and is expected to continue its dominance during the forecast period. This is attributed to heavy investments in network infrastructure upgrade, and presence of several market players. Asia Pacific is projected to witness the highest growth, expanding at a CAGR of around 8.5% during the forecast period. Proliferation of cloud computing and growth of small and medium enterprises are driving demand in the region.

Key players operating in the Ethernet Switches And Routers are Cisco Systems, Inc.,Huawei Technologies Co., Ltd.,Juniper Networks, Inc.,Arista Networks, Inc.,Hewlett Packard Enterprise, Company,Dell Technologies Inc.,Extreme Networks, Inc.,NETGEAR, Inc.,ZTE Corporation,D-Link Corporation,TP-Link Technologies Co., Ltd.,Allied Telesis Holdings K.K.,Fortinet, Inc.,Mellanox Technologies ,H3C Technologies Co., Limited, Nokia Corporation,Arista Networks, Inc.,MikroTikls SIA,NEC Corporation,Ubiquiti Inc. Key players are focused on partnerships, mergers, and new product launches to expand their business globally.

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