Ethernet Switches Market Report 2024 (Global Edition)

Global Ethernet Switches Market Report 2024 Market Size Split by Type (Modular, Fixed Configuration), by Speed (1G, 10 G, 25 G, 40 G, 100 G, Others), by Configuration (Unmanaged, Smart, Managed L2, Ma...

Ethernet Switches Market Report Description

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Ethernet Switches Market Insights Video

Competitive Landscape of the Ethernet Switches Market

The competitive landscape of the Ethernet Switches Market is dominated by key players like Cisco, Arista Networks, and HPE, which offer a wide range of high-performance switches. Major competitors focus on technological advancements, including higher speeds and enhanced features. Companies such as Huawei and Juniper Networks also vie for market share with robust, scalable solutions. The market is characterized by innovation, strategic partnerships, and ongoing investments in research and development to meet evolving networking demands.

March 2024: NVIDIA introduced the Blackwell platform, designed to enable organizations to create and implement real-time generative AI using massive trillion-parameter language models. This platform significantly reduces costs and energy usage by 25 times compared to earlier models. For enhanced AI performance, organizations can integrate systems equipped with the GB200 with the new NVIDIA Quantum-X800 InfiniBand and Spectrum-X800 Ethernet platforms, which provide high-speed networking capabilities of up to 800Gb/s. (Source: https://nvidianews.nvidia.com/news/nvidia-blackwell-platform-arrives-to-power-a-new-era-of-computing) October 2023: Mouser Electronics Inc. provides Microchip Technology's LAN8650 and LAN8651 industrial-grade single-pair Ethernet switches. These switches enable connectivity for microcontrollers lacking integrated Ethernet MAC to 10BASE-T1S SPE networks, facilitating the integration of low-speed devices with standard Ethernet in automotive and industrial settings. The LAN865x series is compatible with 8-, 16-, and 32-bit microcontrollers, simplifying communication systems. (Source: https://www.mouser.in/new/microchip/microchip-lan865x-single-pair-ethernet-switches/?srsltid=AfmBOop0tfDbm1y7l4UZkejq-7R2bnnrESfU2IR3l5BgGQbikBS35rt6) March 2024: Marvell Technology Inc., in collaboration with TSMC, has introduced a groundbreaking 2 nm semiconductor technology platform designed to meet high-speed infrastructure requirements. The Marvell 2 nm platform, featuring a comprehensive suite of intellectual property (IP), caters to various infrastructure needs. (Source: https://www.marvell.com/company/newsroom/marvell-announces-industry-first-2nm-platform-for-accelerated-infrastructure-silicon.html)

Top Companies Market Share in Ethernet Switches Industry: (In no particular order of Rank)

• Cisco Systems
• Inc.
• Arista Networks
• Inc.
• Hewlett Packard Enterprise (HPE)
• Juniper Networks
• Inc.
• Dell Technologies
• Inc.
• Huawei Technologies Co.
• Ltd.
• Extreme Networks
• Inc.
• Ubiquiti Networks
• Inc.
• Brocade Communications Systems
• Inc.
• Netgear
• Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Ethernet Switches Market

Which Region Dominates the Ethernet Switches Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's advanced technological infrastructure and high adoption rates of networking solutions. The region's significant investments in data centers, cloud computing, and enterprise networking drive demand for high-performance switches. Additionally, North America's strong presence of major technology companies and a well-developed retail and service network support market growth. The emphasis on innovation and early adoption of new technologies further solidifies the region's leading position.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Ethernet Switches Market due to rapid industrialization and increasing digitalization. The expansion of IT infrastructure, smart city projects, and growing investments in data centers drive demand for advanced networking solutions. Rising internet penetration and a burgeoning middle class further fuel the need for high-performance Ethernet switches. Additionally, government initiatives and significant technology upgrades across various sectors contribute to the region's rapid market growth.

The current report Scope analyzes Ethernet Switches Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ethernet Switches Market

According to Cognitive Market Research, the global Ethernet Switches market size was estimated at USD 16541.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6616.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Ethernet Switches market with a market size of USD 5220.50 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The nation's strong demand for high-speed networking solutions driven by advancements in data centers, cloud computing, and enterprise networking is driving the Ethernet Switches market.
• The Canada Ethernet Switches market had a market share of USD 793.99 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's robust infrastructure investments is driving the Ethernet Switches market.
• The Mexico Ethernet Switches market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 602.11 million in 2024.

Europe Ethernet Switches Market

According to Cognitive Market Research, the global Ethernet Switches market size was estimated at USD 16541.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4962.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Ethernet Switches market had a market share of USD 833.69 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Ethernet Switches sales witness an upswing due to rising investments in IT infrastructure and data centers driven by digital transformation initiatives.
• The France Ethernet Switches market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 456.55 million in 2024.
• According to Cognitive Market Research, the German Ethernet Switches market size was valued at USD 982.57 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Ethernet Switches surged due to the presence of major market players.
• The Italy Ethernet Switches market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 426.77 million in 2024.
• The Russia Ethernet Switches market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 769.18 million in 2024.
• The Spain Ethernet Switches market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 406.92 million in 2024
• The Luxembourg Ethernet Switches market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 153.84 million in 2024.
• The Portugal Ethernet Switches market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 104.21 million in 2024.
• The Greece Ethernet Switches market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 59.55 million in 2024.
• Rest of Europe's Ethernet Switches market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 769.18 million in 2024.

Asia Pacific Ethernet Switches Market

According to Cognitive Market Research, the global Ethernet Switches market size was estimated at USD 16541.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3804.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Ethernet Switches market size was valued at USD 1712.05 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Ethernet Switches surged in China due to rapid industrialization, urbanization, and increasing digitalization.
• The Japan Ethernet Switches market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 525.03 million in 2024.
• The India Ethernet Switches market had a market share of USD 456.55 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Rise in cloud computing is driving the Ethernet Switches market.
• The South Korean Ethernet Switches market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 380.45 million in 2024.
• The Australian Ethernet Switches market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 197.84 million in 2024.
• The South East Asia Ethernet Switches market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 262.51 million in 2024.
• The Rest of Asia Pacific Ethernet Switches market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 270.12 million in 2024.

South America Ethernet Switches Market

According to Cognitive Market Research, the global Ethernet Switches market size was estimated at USD 16541.5 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 827.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Ethernet Switches market size was valued at USD 353.99 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Ethernet Switchess flourished in Brazil due to increasing investments in network infrastructure and expanding data center capacities driven by digital transformation and cloud adoption.
• Argentina's Ethernet Switches market had a market share of USD 138.95 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's rising internet penetration augment the demand.
• Colombia Ethernet Switches market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 73.61 million in 2024.
• Peru Ethernet Switches market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 67.82 million in 2024.
• Chile Ethernet Switches market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 59.55 million in 2024.
• The Rest of Latin America's Ethernet Switches market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 133.16 million in 2024.

Middle East and Africa Ethernet Switches Market

According to Cognitive Market Research, the global Ethernet Switches market size was estimated at USD 16541.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 330.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries Ethernet Switches market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 141.60 million in 2024. Ethernet Switches sales flourish due to the presence of major market players.
• The Egypt Ethernet Switches market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 34.74 million in 2024.
• The South Africa Ethernet Switches market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 52.27 million in 2024. Ethernet Switches sales flourish in South Africa due to rising investments in IT infrastructure and smart city projects driven by economic diversification and modernization efforts.
• The Turkey Ethernet Switches market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 28.45 million in 2024.
• The Nigeria Ethernet Switches market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 34.74 million in 2024.
• The Rest of MEA Ethernet Switches market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 39.04 million in 2024.

Ethernet Switches Market Analysis

How are Segments PerSpeeding in the Global Ethernet Switches Market?

Ethernet Switches Market Type Segment Analysis

According to Cognitive Market Research, Modular stands out as the dominant category. The Modular Type captured the largest market share in the Ethernet Switches Market due to its flexibility and scalability. Modular switches allow for customizable configurations by adding or removing modules to meet varying network demands. This adaptability makes them ideal for large enterprises and data centers that require high-performance, expandable networking solutions. Their ability to support a wide range of applications and grow with the network needs further solidifies their dominant position in the market.

The Fixed Configuration Type is growing at the highest CAGR in the Ethernet Switches Market due to its cost-effectiveness and simplicity. These switches offer a straightforward, pre-configured solution that is easy to deploy and manage, making them ideal for small to medium-sized enterprises and branch offices. Their compact design, ease of installation, and lower upfront costs drive their adoption. Additionally, the growing demand for reliable, entry-level networking solutions supports their rapid growth in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ethernet Switches Industry. Request a Free Sample PDF!

Ethernet Switches Market Speed Segment Analysis

According to Cognitive Market Research, the dominant category is 1G. The 1G speed captured the largest market share in the Ethernet Switches Market due to its balance of performance and affordability. It provides sufficient bandwidth for a wide range of applications, making it suitable for most small to medium-sized businesses and office environments. The widespread adoption of 1G switches is driven by their cost-effectiveness and compatibility with existing network infrastructures. Their reliability and ability to meet standard networking needs contribute to their dominant market presence.

The 10G speed is growing at the highest CAGR in the Ethernet Switches Market due to increasing data demands and the need for higher bandwidth in data centers and enterprise networks. The rise of cloud computing, big data, and high-definition content drives the need for faster and more efficient data transfer. 10G switches offer enhanced performance and scalability, making them essential for handling higher traffic volumes and supporting next-generation applications, fueling their rapid market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ethernet Switches Configuration Segment Analysis

Ethernet Switches Market Configuration Segment Analysis

According to Cognitive Market Research, the dominant category is Unmanaged. The Unmanaged Configuration captured the largest market share in the Ethernet Switches Market due to its simplicity and cost-effectiveness. These switches offer plug-and-play functionality with no need for complex configuration, making them ideal for small businesses and home offices. Their ease of use, low maintenance requirements, and affordability drive widespread adoption. Unmanaged switches meet basic networking needs efficiently without additional overhead, contributing to their dominant presence in the market.

The Smart Configuration is growing at the highest CAGR in the Ethernet Switches Market due to its advanced features and improved network management capabilities. These switches offer enhanced control, monitoring, and troubleshooting compared to unmanaged types, making them ideal for mid-sized and large enterprises. Their ability to provide more granular network control, performance optimization, and security features aligns with the increasing demand for sophisticated networking solutions, driving their rapid growth in the market.

• Unmanaged
• Smart
• Managed L2
• Managed L3
• Divided

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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