Ethernet Switch Market Size to Worth USD 19.92 Billion by 2032, at a CAGR of 5.89% | Research by SNS Insider
The Ethernet Switch Market Growth is Driven by The Rise in Enterprise Digitization, The Proliferation of Cloud Computing Infrastructures, and Increasing Data Center Deployments.
Austin, Oct. 21, 2025 (GLOBE NEWSWIRE) — Ethernet Switch Market Size & Growth Insights:
According to the SNS Insider,“The Ethernet Switch Market Size was valued at USD 12.66 billion in 2024 and is expected to reach USD 19.92 billion by 2032 and grow at a CAGR of 5.89% over 2025-2032.”
The size of the U.S. Ethernet switch market to expand at a CAGR of 5.83% during 2025-2032, reaching USD 15.11 billion. The adoption of edge computing, enterprise IT infrastructure, and the proliferation of hyperscale data centers are the main factors propelling the U.S. market. High-speed, low-latency ethernet switches are in high demand as contemporary ethernet network devices that can handle massive volumes of data traffic due to the rapid investment in 5G networks and IoT installations.
Rising Demand for High-Speed Networking to Support Data-Intensive Applications Across Enterprises Augment Market Growth Globally
Demand for high-speed networking is driven by growing reliance on cloud services, streaming, video conferencing, AI workloads, and Internet of Things applications. When transferring data between devices, servers, and storage systems, Ethernet switches are essential for reducing latency. Due to bandwidth-intensive workloads, more businesses and data centers are switching to high-speed switches, such as 10G, 25G, and 100G. Hyperscale data center operators are investing quickly in high-performance Ethernet switching solutions to accommodate exponential data growth, which is fueling ongoing market demand across a number of industries.
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Leading Market Players with their Product Listed in this Report are:
- Cisco Systems Inc.
- Huawei Technologies Co. Ltd.
- Arista Networks Inc.
- Hewlett Packard Enterprise
- Juniper Networks Inc.
- Dell Technologies Inc.
- Extreme Networks Inc.
- NETGEAR Inc.
- TP-Link Technologies Co. Ltd.
- D-Link Corporation
- Allied Telesis Inc.
- Fortinet Inc.
- Avaya LLC
- Mellanox Technologies
- MikroTik
- Zyxel Networks
- Ubiquiti Inc.
- Siemens AG
- Fujitsu Limited
- Brocade Communications Systems Inc
Ethernet Switch Market Report Scope:
| Report Attributes | Details |
| Market Size in 2024 | USD 12.66 Billion |
| Market Size by 2032 | USD 19.92 Billion |
| CAGR | CAGR of 5.89% From 2025 to 2032 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segmentation | • By Type (Modular Ethernet Switches and Fixed Configuration Ethernet Switches) • By Configuration (Unmanaged, Smart, Managed L2, Managed L3 and Divided) • By Speed (1G, 10 G, 25 G, 40 G, 100 G and Others) • By End-User (Data Centers, Enterprises, Telecom Service Providers, Industrial, Commercial and Others) |
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Key Industry Segmentation
By Type
In 2024, the converging lens accounted for the largest revenue share of 65.36% as it is commonly used in imaging systems, cameras, and corrective eyewear. The diverging lens segment is estimated to register fastest CAGR growth of about 8.95% during the forecast period of 2024–2032 owing to the rising employment in laser beam expanders, scientific apparatus, and correcting optics for nearsightedness.
By Application
In 2024, the microscopy segment held the largest share of revenue at 30.20% and is estimated to maintain this trend through the forecast period as most of the optical imaging in research, pathology, and diagnostics predominantly rely on microscopy. Ophthalmic segment is anticipated to grow at the fastest CAGR of 9.34% through 2024–2032, due to increasing cases of visual impairment and rising consumer awareness regarding eye health.
By Speed
In 2024, 10G switches represented 32.30% of the ethernet switch market share with positive support in enterprise networks, data centers, and high-performance computing settings. The 1G segment is anticipated to grow at the fastest CAGR of 7.08%, due to its low-cost nature and ability to work with existing infrastructure.
By End-User
In 2024, Data Centers led the market by accounting for 34.12% of revenue, driven by explosive demand for cloud services, hyperscale facilities, and high-capacity computing environments. The Industrial segment is projected to record the highest CAGR growth of 7.58% during 2024–2032, owing to the rising trend towards Industry 4.0 automation and IoT-enabled production systems.
Regional Insights:
In 2024, North America dominated the ethernet switch market, earning a 32.50% share, owing to the important focus on hyper scale data centers in the region, earliest acceptance of next generation networking technologies, and high investments in IT infrastructure.
The Asia Pacific region will register the highest CAGR of 6.56% during 2024–2032 due to fast urbanization, development of different manufacturing hubs, and rising investment in telecoms and smart city projects.
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Recent News:
- In June 2025, HPE launched the SN8325H half-width storage Ethernet switch, optimized for compact, cost-effective, and energy-efficient storage networking in hyperconverged and storage-centric deployments.
- In July 2025, Broadcom introduced the Tomahawk Ultra, a high-performance Ethernet switch tailored for AI and HPC workloads, offering ultra-low latency, lossless networking and sub-microsecond switching for AI data centers.
Exclusive Sections of the Ethernet Switch Market Report (The USPs):
- PRICING ANALYSIS & FORECAST – helps you understand product-wise pricing trends, benchmark prices by key players, and forecast pricing movements for strategic planning.
- APPLICATION UTILIZATION RATE – helps you identify adoption patterns across industry verticals, configuration types, and emerging applications driving market demand.
- PRODUCTION & MANUFACTURING METRICS – helps you evaluate regional production capacities, manufacturing trends, and innovations shaping the supply landscape.
- EXPORT & IMPORT STATISTICS – helps you assess global trade flows, major exporting/importing countries, and value/volume trends influencing market expansion.
- PATENT & INNOVATION LANDSCAPE – helps you monitor patent filings, key technological advancements, and leading innovators shaping competitive differentiation.
- COMPETITIVE LANDSCAPE – helps you gauge the strategic positioning of leading players based on market reach, product offerings, growth projections, and recent developments.
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