An Ethernet switch is a multiport LAN interconnection device that supports large number of segments in a packet switching network. It logically divides the traffic towards the segment between the source and destination, which allows for efficient utilization of bandwidth. Along with efficient routing the other benefits of Ethernet switches are increased security as data is routed only to the desired destination, better management, and ability to use some links in full duplex.
Advancements in technology is the major factor driving growth of the Ethernet switch market
Advancements in technology such as big data and cloud computing, is increasing the accessibility to internet for personal purpose, commercial as well as industrial purposes. For IT organizations, big data is used for purposes other than for deploying new application or software, such as Hadoop. These advancements increase the demand for new system designs, administrative skills, and data management strategies in the IT domain. Cloud data applications, including Hadoop, Big Data applications, are distributed applications running on server clusters with many-to-many communication patterns. The key to achieving predictable performance for these distributed applications, is to provide consistent network bandwidth and latency to various traffic flows. This in turn, increases the demand for Ethernet switches, thus boosting growth of the Ethernet switches market.
The increased demand for high speed networks is another factor boosting growth of Ethernet switch market:
Rising inclination towards digitalization over the recent past, is increasing the number of internet users globally. Growing demand for high speed internet is essential for building efficient communication network infrastructures. For instance, according Coherent Market Insights, in 2016 the average internet speed in India was 6.6 Mbps and is projected to reach 18.2 Mbps by 2021. Furthermore, according to the India Brand Equity Foundation (IBEF), in December 2017, India was accounted as the second-highest in terms of number internet users, with 445.96 million internet subscribers.. Moreover, as per a report by Internet and Mobile Association of India (IMAI), the number of internet users in India is expected to reach 500 million by June 2018. This in turn, is expected to increase the demand for faster internet services, thus increasing the demand for Ethernet switches, being an integral part of the communication networks.
Ethernet Switch Market: Regional Insight
The regional analysis of the market for Ethernet switch is segmented into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa.
North America held the largest market share in 2017 and is projected to retain its dominance throughout the forecast period (2018-2025) owing to rapid urbanization and increasing adaptation of advanced technologies in the region. Countries in the region, such as the USA and Canada are major growth engines for the market due to rapid adoption of new and advanced technologies in these countries. For instance, according to a fact sheet drafted by Pew Research Center, the percentage of adults in U.S. between the age group of 18-29, 30-49, 50-64, and 65+ using internet service was 98%, 97%, 87%, and 66%, respectively. Also, as per the statistics given by International Telecommunication Union, 94% of the youth in developed economies use internet. In order to provide uninterrupted services to such a huge population base is fueling the demand for high speed and efficient networks, leading to the growth of Ethernet market.
Asia Pacific market is expected to grow with the highest CAGR in the forecast period (2018-2025). India, China, Japan are some of the major economies which drive the market in this region. The high-scale network infrastructure modernization of residential and commercial applications is expected to drive growth of the Ethernet switch market. According to IBEF, wireless telecom subscription accounts for 98.04% of the total telephone subscription in India, out of which 56.67% resides in the urban areas. Also, according to a survey conducted by Malaysian Communications and Multimedia Commission (MCMC), the number of internet users was 76.9% in 2016, accounting for around 24.5 million users, which was an increase from 24.1 million in 2015. Increasing number of internet users is expected to surge growth of the market for Ethernet switches.
Ethernet Switch Market: Competitive Insight
Major players operating in the global Ethernet switch market include Cisco, Huawei Technologies, HP Enterprise, Arista Networks, New H3C Group, HPE, Juniper Networks, NEC, Lenovo, and Dell.
Ethernet Switch Market: Taxonomy
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.