Global Industrial Ethernet Switch Market is expected to reach US$ 3 bn at a CAGR of 13% during forecast year.
Industrial Ethernet Switch Market is segmented by type, end user, vertical and region. Based on the type, Industrial Ethernet Switch is divide into two types one is managed type switch and another is unmanaged type switch. Managed type switch offers simple Network management protocols which helps to configure and monitoring network devices. Managed type Ethernet switch drives the growth in Industrial Ethernet Switch Market owing to it provides port mirroring function.
By vertical, Industrial Ethernet Switch Market is classified into Electric and Power, Automotive and Transportation, Aerospace & Defense. Electric and Power is expected to share high growth in Industrial Ethernet Switch Market owing to increasing demand of network management devices such as switches, routers, hubs, and power supply devices. Network management devices offers effective implementation, supervision and security of the system.
Reduction in business downtime, easily availability of information at any network location, fast data transformation between selected ports are driving the growth in Industrial Ethernet Switch Market. High initial instalment cost is limiting the growth in Industrial Ethernet Switch Market.
Based on the application, Industrial Ethernet Switches are used in array of applications such as smart grid, security & surveillance, intelligent rail & traffic. Among these smart grid Ethernet switch is expected to witness growth at high rate in Industrial Ethernet Switch owing to it offers automation, reducing cost and complexity of wires between devices.
In terms of region, Market is segmented into region Asia-Pacific, Europe, North America, Middle East Africa and Latin America. Asia-Pacific is expected to dominate the market owing to deployment of industrial Ethernet switches in array of industries in various stages such as SCADA integration and programmable logic control communication. Increasing demand of fiber optic in telecommunication application drive the growth in industrial Ethernet switch market in this region. However followed by Asia-Pacific, North America is anticipated to grow at high rate in industrial Ethernet switch market owing to presence of the major key players in this region.
Key players operated in market are Cisco Systems Inc. ,Microsoft Corporation , Check Point Software Technologies Ltd., IBM Corporation , Brocade Communications Systems, Inc., Co., Ltd Juniper Networks, Inc., Alcatel-Lucent , Hewlett Packard Enterprise , Polycom, Avaya Inc., ZTE Corporation , Siemens AG and Huawei Technologies.
Scope of Global Industrial Ethernet Switch Market:
Global Industrial Ethernet Switch Market , By type:
Global Industrial Ethernet Switch Market ,By end user:
• Large Scale Enterprise
• Medium Scale Enterprise
• Small Scale Enterprise
Global Industrial Ethernet Switch Market, By vertical:
• Electric and Power
• Automotive and Transportation
• Aerospace & Defense
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