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Market Overview:The global industrial Ethernet switch market is expected to scale USD 2.0 Billion valuation during the review period (2017-2023), asserts Market Research Future (MRFR). The promising CAGR of 14% which the market is expecting to witness is due to the adoption of industrial automation and rising security concerns over the network. Realizing the benefits of ethernet as a networking solution, various industries are porting from the conventional architecture to the industrial ethernet which is paving the way for market expansion. Moreover, industrial ethernet switches help in standardization and consolidation of manufacturing networks.
Improvement of data center capabilities is a driving force behind the growth of the global Industrial Ethernet Switch Market. Growing dependency of organizations on data centers, need for automatic switching device along with demand for high-speed data services augment the demand for industrial ethernet switches. Moreover, industrial ethernet switches cater to the manifold requirements of industrial communication networks. Industrial ethernet switches are used for surveillance and security purposes in combination with power over ethernet technology which also helps to boost the market growth. However, the growth of the market is likely to be hindered by the high cost associated with installation and lack of expertise. The emergence of PoE (Power over Ethernet) switches is expected to provide lucrative opportunities for market expansion.
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Key Players
Some of the key players in the 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 - Segmentation
• On the basis of type, the segment is classified into managed switches and unmanaged switches.
• On the basis of application, the segment is divided into smart grid, security & surveillance, intelligent rail & traffic communication, and others.
• On the basis of organization size, the segment is classified into SME and large enterprises.
• On the basis of end-users, the market is segmented into aerospace & defense, oil & gas, food & beverages, manufacturing, automotive, chemical, electrical power generation, and others
• On the basis of region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Industrial Ethernet Switch Global Market - Regional Analysis
The global industrial Ethernet switch market is studied for North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is anticipated to hold major market share through the forecast period. The rising demand for ethernet switch in various stages like SCADA integration, PLC communication across industries are majorly driving the market in this region. North America is expected to hold significant growth rate during the forecast period. The advancements in the area of telecommunications and rising demand for optical fibres are driving the market in this region. The rise in internet of things and need for data centers are fuelling the market growth.
Industry News
April 2018, - Cisco Systems, Inc. an American Multinational technology conglomerate partnered with Amplicon supplier of industrial computing solutions for developing IE 4010, an industrial rackmount ethernet switch. The switches features high-bandwidth switching and software based routing capabilities. These are helpful in integration of HD IP cameras, access points and IP phones.
April 2018 – Microsemi Corporation, a leading provider of semiconductor solutions launched opal series ethernet switches under Microsemi Switchtec for smart control panels which are to be integrated with external devices in industries. These switches are available in 5,8, and 16 ports which features plug and play options.
Jan 2018, - D-Link a Taiwanese multinational networking equipment manufacturing corporation launched industrial unmanaged ethernet switches under DIS- 100G and DIS-200G smart managed ethernet switches. These high speed ethernet switches are designed to robust environments with a wide range of operating temperatures. Their reliability and compliance with various industrial standards make the switches ideal for applications in city surveillance, ITS, and factory automation
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Intended Audience
• System Integrators
• Communication providers
• IT enablers
• Cable manufacturers
• Network component manufacturers
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 495256
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