Market Overview
The current Industrial Ethernet Market is
predicted to account for approximately USD 5.35 Billion at 7.1% CAGR during the
forecast period of 2020-2030.
Industrial Ethernet applies to the use of networking devices,
usually switches, in harsh environments. As per the Industrial Ethernet
Market Research report, the global market is driving its growth due
to the increasing adoption of the Industrial Internet of Things (IIoT) in the
process verticals and manufacturing. Moreover, the an increasing need for
reliable, fast, scalable, and interoperable communication protocols among the
industries. Additionally, the global market has lucrative opportunities for
manufacturers and market players due to the emergence of 5G across various
parts of the world.
However, the absence of standardization in industrial
communication interfaces and protocols might hamper the growth of the worldwide
market during the review period. Apart from that, the threats related to cyber
security might bring major challenges to the worldwide market in the upcoming
years.
Key Players
Some of the industry giants in the market are Cisco Systems
Inc. (U.S.), Juniper Networks, Inc. (U.S.), Polycom (U.S.), Alcatel-Lucent
(France), Hewlett Packard Enterprise (U.S.), Microsoft Corporation (U.S.),
Check Point Software Technologies Ltd. (Israel), Avaya Inc. (U.S.), IBM
Corporation (U.S.), Siemens AG (Germany), Huawei Technologies Co., Ltd (China),
Brocade Communications Systems, Inc. (U.S.), and ZTE Corporation (China), among
others.
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Market Dynamics
Improving data center capacities and increasing deployment of
Ethernet-based solutions in industries are primarily driving the market. The
growing reliance of organizations on data centers, the need for high-speed data
services, and the need for automatic switching devices are accelerating market
growth. High costs associated with the installation of managed industrial
Ethernet switches and lack of expertise inhibit market development.
Ethernet switches have a range of functions, including port
mirroring, redundancy, QoS (Quality of Service), IGMP (Internet Group
Management Protocol) snooping, and others. With port mirroring, the switch can
monitor the frames sent by or received by the port. By feature, a PC running a
program called a protocol analyser is capable of receiving or transmitting data
from a wide range of ports that can help with problem-solving tools
customization. Ethernet switches can withstand high operating temperatures and
high vibration environments.
Market Segmentation
The global market for Global Managed
Industrial Ethernet Switches Market has been segmented into type,
application areas, organization size, and end-users.
Based on type, the global industrial Ethernet switch market
has been segmented into managed switches and unmanaged switches.
Based on application areas, the global industrial Ethernet
switch market has been segmented into security & surveillance, intelligent
rail & traffic communication, smart grid, and others.
Based on organization size, the global industrial Ethernet
switch market has been segmented into SME and large enterprises.
Based on end-users, the global industrial Ethernet switch
market has been segmented into aerospace & defense, chemical, oil &
gas, food & beverages, manufacturing, automotive, electrical power
generation, and others.
Regional Analysis
Regionally, the global industrial Ethernet switch market is
studied for North America, Europe, Asia Pacific, and the Rest of the world.
The Asia Pacific is expected to boost the global industrial
Ethernet switch market during the forecast period. The deployment of industrial
Ethernet between industries at different stages like SCADA (Supervisory Control
and Data Acquisition) integration, PLC (Programmable Logic Control)
communication, accelerates the market in this region. The advancement of fiber
optics in telecommunications and the use of optical fibers are fuelling the
growth of the industry. North America is expected to sustain a substantial
growth rate over the projected period. The deployment of data centers and the
need for components to assist data centers, the presence of large manufacturing
companies, and the deployment of smart grids are driving the market for industrial
Ethernet switch in the region.
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