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New York, US, Sept. 30, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Ethernet Switch Market Analysis by Product Type, By Switching Ports, By End-users – Forecast 2030” valuation is poised to register a 6.30% CAGR to reach USD 6.8 Billion by 2030.
Ethernet Switch Market Overview
An ethernet switch refers to an internet connectivity tool that links multiple networks and devices into a highspeed local area network (LAN). As the ethernet switch gets connected to the router, it generates a single network zone, which can share the internet with other portable devices. The router utilizes a separate IP address. The growth of the ethernet switch market is directly linked to the development of routers. An ethernet switch has several ports to connect multiple types of devices (i.e., PCs, printers, etc.) to the LAN.
Ethernet Switch Market Report Scope:
Report Metric | Details |
Market Size by 2030 | USD 6.8 Billion |
Growth (2022-2030) | 6.30% CAGR |
Segments Covered | Product Type, Switching Ports and Region |
Key Vendors | Juniper Networks, Allied Telesis Inc., Cisco Systems Inc., D-link Corporation, Arista, Brocade Communications Systems, Hewlett Packard, H3C and Huawei |
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The global market for ethernet switches has recorded a massive rise in the growth rate in the last few years. The market’s growth is mainly credited to plenty of corporate mergers, cross-vertical expansion, and acquisitions in the market. Numerous big global proprietors, regional companies, and domestic corporations are maintaining the present market stature of the business.
Market Drivers
The global market for ethernet switches has registered an enormous rise in the growth rate in the last few years. The market’s growth is primarily credited to the growing adoption across the small and medium enterprises (SMEs). Several SMEs across the…
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