The Industrial Ethernet Switch Market Research focuses on the key trends prevailing in the global business sector. The existing Industry scenario has been studied and future projections with respect to the sector have also been investigated. Market study report comprises evaluation of numerous influential factors including industry overview in terms of recent developments in both historical and current situations, key companies, product/service application and types, key regions and marketplaces, forecast estimation for global market share, revenue and CAGR. Industrial Ethernet Switch Market Report is highly -intensive driven by high R&D investment and has strong product analysis to maintain growth and ensure long-term monetization with a forecast period of 2023-2029.

The size of the global “Industrial Ethernet Switch” market is anticipated to increase during the Forecast period at a CAGR of 7.2% (2029).

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The record is an in-depth evaluation of a wealthy supply of essential elements that are accountable for the development of the global Industrial Ethernet Switch market. The report splits the market length, through amount and value, based on application, type, and geography. The report profiles the important members in the enterprise, along with an itemized analysis in their positions against the global landscape.

Key players in the Industrial Ethernet Switch market include:

Avaya Inc., Microsoft Corporation, Check Point Software Technologies Ltd., Huawei Technologies., Alcatel-Lucent, HP, Brocade Communications Systems, Inc., IBM Corporation, ZTE Corporation, Siemens AG, Polycom, Hewlett Packard Enterprise, Cisco Systems Inc., Juniper Networks, Inc., Aruba,

In November 2022, Siemens launched its new Industrial Edge Management System, an optimized license management solution, as well as new devices at the SPS trade fair in Nuremberg, Germany from November 8 to 10, 2022. The newly launched management systems will bring Operational Technology (OT) and IT closer together in industrial production, enabling a seamless flow of data from the field level to the cloud.

In October 2022, OMRON signed a pan-European distribution agreement with Conrad Electronic, the Germany-based sourcing platform for technical supplies operating in 17 European countries.

In September 2022, Cisco launched Catalyst 3650, a new Catalyst access switch featuring an integrated wireless controller. It offers provision for NetFlow analytics on all ports, QoS, full layer three routing capabilities, and eight queues per port for priority.

Microsoft has acquired 213 companies, including 39 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 18 assets.Microsoft’s largest acquisition to date was in 2022, when it acquired Activision Blizzard for $68.7B. It’s largest disclosed sale occurred in 2009, when it sold Razorfish to Publicis Groupe SA for $530M. Microsoft has acquired in 26 different US states, and 21 countries. The Company’s most targeted sectors include software (54%) and internet software and services (27%).

Avaya has acquired 21 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset. Avaya’s largest acquisition to date was in 2009, when it acquired Nortel Enterprise Solutions for $900M. It’s largest disclosed sale occurred in 2017, when it sold Avaya – Networking Business to Extreme Networks for $100M. Avaya has acquired in 8 different US states, and 7 countries. The Company’s most targeted sectors include software (40%) and technology hardware (25%).

The Industrial Ethernet Switch market is primarily split into:

The Industrial Ethernet Switch market applications cover:

Driver: Increasing initiatives by governments of developing countries to promote adoption of industrial automation

The governments of developing countries worldwide are supporting the development of various industries to achieve holistic growth. This has led to an increase in the adoption of various automation and communication components and technologies for the structural development of industries. Governments are highly focused on the process and discrete industries. For instance, the Government of Singapore has partnered with various associations, such as the Singapore Food Manufacturing Association (SFMA) and the Food Innovation Resource Centre, to implement the latest automation solutions, including SCADA, PLC, DCS, robots, and cables, in the food & beverage industry.

The Government of Malaysia introduced a 200% automation capital allowance (ACA) in its 2015 budget to encourage labor-intensive manufacturing industries, such as textile, rubber, and plastics, to adopt the latest automation technologies to improve their overall productivity. Under ACA, the government writes off capital expenditure for manufacturing companies within 3 years (an initial allowance of 40% and an annual allowance of 20%).

Restraint:  Absence of standardization in industrial communication protocols and interfaces

Industrial equipment or devices communicate through various interfaces, technologies, and protocols. The absence of standardization in these communication interfaces and protocols might result in the misrepresentation of data. It also can complicate the integration of systems and hinder the use of plug-and-play features for unrelated systems. This is one of the major restraints for the industrial ethernet market in coming years.

Opportunity:  Emergence of 5G to create lucrative opportunities for market players

Industrial communication is a vital element of Industry 4.0. The demand for 5G technology is growing in the manufacturing industry, as 5G helps to overcome the shortcomings of other wireless systems. With the onset of 5G technology, the manufacturing industry will experience a major transformation. With the increasing demand of 5G the demand for industrial ethernet will also increase.

Asia Pacific to grow at the highest CAGR in the industrial ethernet market during the forecast period

Asia Pacific is currently the largest manufacturing hub for automobile and electronic companies. To compete with other global players, the companies in Asia Pacific use advanced automation systems, which require highly reliable communication networks that can help in machine-to-machine (M2M) communication in the plants. The manufacturing companies in Asia Pacific extensively adopt the smart factory concept for implementing advanced manufacturing technologies on the factory floor. This innovative concept has transformed the manufacturing sector in Asia Pacific and has increased the implementation of smart automation in factories. The growing acceptance of Industrial Revolution 4.0 in Asia Pacific is also a factor driving the growth of the regional market.

North America is considered as the key industrial ethernet switch market for this region owing to automation installations in industrial Ethernet functions on the control end, to use the system in the devices installed on the grid, and established infrastructure. Europe is also a key market after North America owing to the presence of large manufacturing industries, smart grid, and security and surveillance companies.

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What to Expect From This Report on Industrial Ethernet Switch Market

The report analyses the Industrial Ethernet Switch Market’s key opportunities and identifies the factors that are driving and will continue to drive the industry’s growth. It considers past development designs, drivers of development, as well as flow and future patterns.

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The Study Objectives of the Industrial Ethernet Switch Market are:

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