The Ethernet switches and routers market mainly comprises of switches and routers that enable connectivity between Ethernet-based networks and facilitate transfer of data packets between network segments. Ethernet switches play a key role in connecting devices and allowing communication between numerous local area networks, whereas routers help connect multiple networks together and select the best path for network traffic. The growing digitization across enterprises along with rapid adoption of cloud-based services has boosted demand for reliable and seamless network connectivity solutions. Enterprises across industries such as IT & telecom, BFSI, government and healthcare are increasingly implementing Ethernet switches and routers to support high-speed data transfers and connectivity between cloud deployments, remote offices, and branch locations.

Global Ethernet switches and routers market is estimated to be valued at US$ 21.04 billion in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Ethernet switches and routers market are Huawei Technologies Co. Ltd., ZTE Corp., Cisco Systems Inc., ADVA Optical Networking SE, Nokia Corporation, Ciena Corporation, Infinera Corporation, Fujitsu Ltd., ECI Telecom Ltd., Telefonaktiebolaget LM Ericsson, NEC Corporation, Juniper Networks Inc., Coriant GmbH, Huawei Marine Networks Co. Limited, NTT Electronics Corporation, Lumentum Operations LLC, Plaintree Systems Inc., Marben Products, Smartoptics AS, Shenzhen HiSilicon Technologies Co. Ltd. These players are focused on developing innovative Ethernet switches and routers with advanced features such as Ethernet fabric capabilities, integrated switching and routing functions, and optimized network virtualization solutions.

The growing deployment of 5G networks globally has opened lucrative opportunities for Ethernet Switches And Routers Market Demand. As telecom operators expand their networking infrastructure to support 5G, there will be a significant increase in the demand for high-speed transmission switches and routers. Additionally, the growing popularity of cloud-based applications, work from home culture, and IoT proliferation is expected to drive more traffic towards various data centers and enterprises. This will bolster the requirement of ethernet switches and routers that can deliver high throughput and connectivity.

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