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(Wireless-NewsWire.Com, October 21, 2024 ) Industrial Ethernet Switch Market is expected to grow at a CAGR of 6.75% during the forecast period. Industrial Ethernet Switch Market is expected to reach US$ 3.90 Bn. by 2030.
The Industrial Ethernet Switch Market is driven by effective network management devices that offer implementation, supervision, and security. This leads to a reduction in business downtime, easy availability of information, and fast data transformation between ports. However, high initial installation costs hinder market growth. The market dynamics are detailed in a report, highlighting emerging trends, drivers, restraints, opportunities, and challenges globally and regionally. Asia-Pacific is expected to lead the market due to industrial Ethernet switch deployment in various industries like SCADA integration and programmable logic control communication. Additionally, the increasing demand for fiber optic in telecommunications drives market growth in the region, followed by North America with major key players.
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Industrial Ethernet Switch Market Segmentation
by type
Managed
Unmanaged
by end user
Large Scale Enterprise
Medium Scale Enterprise
Small Scale Enterprise
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by vertical
Electric and Power
Automotive and Transportation
Aerospace & Defense
by application
Smart grid
Security & surveillance
Intelligent rail & traffic
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Industrial Ethernet Switch Market Top Leaders:
1. Cisco Systems Inc.
2. Microsoft Corporation
3. Check Point Software Technologies Ltd.
4. IBM Corporation
5. Brocade Communications Systems, Inc.
6. Juniper Networks, Inc.
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