March 3 2021
Market Research Future published a research report on “Industrial Ethernet Switch Market Share Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Connecting Ethernet devices, an Ethernet switch helps in receiving frames of data from one device and passes these frames to appropriate switch ports connected to the Ethernet. Market Research Future (MRFR) has published a research report about the global industrial ethernet switch market that prophesizes progress for this market at 14% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, Industrial Ethernet Switch Market Share has been figured to be worth the US $ 2 bn by the end of forecast period.
The crucial factors for the global industrial ethernet switch market include the increase in deployment of the Ethernet-based solution in industries and improvement of data center capacities. Other factors supporting the market growth include the demand for high-speed data services, the increase in dependency of organizations on data centers, and the need for automatic switching devices. However, the high cost associated with the installment of managed industrial Ethernet switches and lack of expertise can hinder the market growth.
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Industrial Ethernet Switch Market - Segmentation
The Industrial Ethernet Switch Market Share has been segmented on the basis of application areas, end-users, organization size, type, and region. As per application areas, this market has been segmented into intelligent rail & traffic communication, security & surveillance, smart grid, and others.
Based on end-users, the market has been segmented into aerospace & defense, automotive, chemical, electrical power generation, food & beverages, manufacturing, oil & gas, and others. Regarding organization size, the market has been segmented into small & medium enterprises (SME) and large enterprises. By type, the market has been segmented into managed switches and unmanaged switches.
Some of the key players in the Industrial Ethernet Switch Market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Alcatel-Lucent (France), Hewlett Packard Enterprise (U.S.), Polycom (U.S.), Avaya Inc. (U.S.), Microsoft Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), IBM Corporation (U.S.), Brocade Communications Systems, Inc. (U.S.), Siemens AG (Germany), Huawei Technologies Co., Ltd (China), and ZTE Corporation (China), among others.
Industrial Ethernet Switch Global Market - Regional Analysis
The regional segmentation of the global industrial ethernet switch market segments the market into the regional markets known as Europe, North America, Asia Pacific, and the rest of the world (RoW). During the forecast period, North America is expected to experience significant growth rate. In this region, the market is growing due to technological advancement, the deployment of data centers, deployment of smart grids, need for components assisting data centers, the presence of key market players, and presence of large manufacturing industries. The vital country-specific markets in this region are the USA, Canada, and Mexico.
Europe is another important regional market. In this region, the market can grow due to the technological advancement that is second only to North America. The vital country-specific in this region are France, Germany, and the UK.
The Asia Pacific is an important regional market due to stable progress of technological advancement in countries like China, India, and Japan, followed by the remaining countries of this region. Other factors responsible for market growth in this region are the deployment of industrial Ethernet among industries in various stages, the growth of fiber optics in telecommunications, and the usage of optical fibers.
The RoW segment covers countries of Latin America and the Middle East & Africa (MEA). In Latin America, Argentina and Brazil are two strong economies that can be suitable markets in the future. The MEA market is small due to poor countries, lack of awareness, lack of education, lack of infrastructure, and lack of technological advancement.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Industrial Ethernet Switch Market: By Region, 2017-2023
Table 2 North America Industrial Ethernet Switch Market: By Country, 2017-2023
Table 3 Europe Industrial Ethernet Switch Market: By Country, 2017-2023
Table 4 Asia Pacific Industrial Ethernet Switch Market: By Country, 2017-2023
Table 5 The Middle East & Africa Industrial Ethernet Switch Market: By Country, 2017-2023
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