Industrial Ethernet Switch Market Size, Growth Analysis by Top Players 2022: Dynamics and Latest Trends with Global Industry Share, Business Development Plans and Strategies, CAGR and Revenue Forecast to 2030

Kenneth Research, in its repository of market research reports, have recently added a report on Industrial Ethernet Switch Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Industrial Ethernet Switch Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial Ethernet Switch Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Ethernet switch is a multiport network switch that connects all the computer networking devices together on a computer. Ethernet hubs which forward the data to all the ports irrespective of the requirement, where Ethernet Switch forwards the data only to its destination port where it is required. It is classified into two main categories modular and fixed configuration. Modular switches add expansion modules into the switches as needed, thereby delivering the best flexibility to address changing networks, whereas fixed configuration switches are switches with a fixed number of ports and not expandable.

The Industrial Ethernet switches have broad application in industrial infrastructures such as smart grid, security & surveillance, intelligent rail & traffic and other utilities are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and services and other strategic alliances by market key player will create a lucrative demand for this market.  For instance: as per Company’s news release in July 2018, D-Link launched four Ethernet switches- DGS-F3400, DGS-F3600, DES-F3200, and DGS-F3000 for industries such as Oil and Gas industry, Mines, Manufacturing Plants, and Shipping etc. However, high cost associated with instalment of managed industrial Ethernet switches is the major factor restraining the growth of global Industrial Ethernet Switch market during the forecast period.

The regional analysis of global Industrial Ethernet Switch market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the automation installations in industrial Ethernet functions on the control end, to use the system in the devices installed on the grid, and established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:

Cisco Systems Inc.
D-Link Corporation
TP-LINK Technologies Co., Ltd
Juniper Networks Inc.
IBM Corporation
TRENDnet, Inc.
Hewlett-Packard (HP)
Microsoft Corporation
Siemens AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Type:
Modular Switches
Fixed Configuration Switches
Smart Switches
Managed L2 and L3 Switches

By End User:
Small Enterprise
Medium Enterprise
Large Enterprise

By Industry Vertical:
Manufacturing
Aerospace & Defense
Energy & Power
Oil & Gas
Automotive & Transportation
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Industrial Ethernet Switch Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD BILLION)
1.2.1. Industrial Ethernet Switch Market, by Region, 2018-2026 (USD BILLION)
1.2.2. Industrial Ethernet Switch Market, by Type, 2018-2026 (USD BILLION)
1.2.3. Industrial Ethernet Switch Market, by End User, 2018-2026 (USD BILLION)
1.2.4. Industrial Ethernet Switch Market, by Industry Verticals, 2018-2026 (USD BILLION)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Ethernet Switch Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Ethernet Switch Market Dynamics
3.1. Industrial Ethernet Switch Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Industrial Ethernet Switch Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Ethernet Switch Market, by Type
5.1. Market Snapshot
5.2. Global Industrial Ethernet Switch Market by Type, Performance – Potential Analysis
5.3. Global Industrial Ethernet Switch Market Estimates & Forecasts by Type 2016-2026 (USD BILLION)
5.4. Industrial Ethernet Switch Market, Sub Segment Analysis
5.4.1. Modular Switches
5.4.2. Fixed Configuration Switches
5.4.3. Smart Switches
5.4.4. Managed L2 and L3 Switches
Chapter 6. Global Industrial Ethernet Switch Market, by End User
6.1. Market Snapshot
6.2. Global Industrial Ethernet Switch Market by End User, Performance – Potential Analysis
6.3. Global Industrial Ethernet Switch Market Estimates & Forecasts by End User 2016-2026 (USD BILLION)
6.4. Industrial Ethernet Switch Market, Sub Segment Analysis
6.4.1. Small Enterprise
6.4.2. Medium Enterprise
6.4.3. Large Enterprise

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