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Ethernet Switch and Router Market size is set to grow by USD 8.84 billion from 2024-2028, Rising demand for colocation data centers among SMEs to boost the market growth, Technavio

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NEW YORK, June 12, 2024 /PRNewswire/ — The global ethernet switch and router market size is estimated to grow by USD 8.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.74% during the forecast period. Rising demand for colocation data centers among SMEs is driving market growth, with a trend towards adoption of open ethernet switches. However, technical and interoperability issues faced during installation of ethernet switches and routers poses a challenge. Key market players include Adtran Holdings Inc., Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp., Dell Technologies Inc., Extreme Networks Inc., Hewlett Packard Enterprise Co., HP Inc., Huawei Technologies Co. Ltd., Intel Corp., Juniper Networks Inc., Netgear Inc., New H3C Technologies Co. Ltd., Nokia Corp., Telefonaktiebolaget LM Ericsson, Tellabs Access LLC, TP Link Corp. Ltd., TRENDnet Inc., and ZTE Corp.

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Ethernet switches and Routers), Application (Data centers, Carrier ethernet, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Adtran Holdings Inc., Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp., Dell Technologies Inc., Extreme Networks Inc., Hewlett Packard Enterprise Co., HP Inc., Huawei Technologies Co. Ltd., Intel Corp., Juniper Networks Inc., Netgear Inc., New H3C Technologies Co. Ltd., Nokia Corp., Telefonaktiebolaget LM Ericsson, Tellabs Access LLC, TP Link Corp. Ltd., TRENDnet Inc., and ZTE Corp.

Key Market Trends Fueling Growth

The Ethernet switch and router market is experiencing growth due to the increasing demand for network capacity from organizations worldwide. Open Ethernet switches, which come without an operating system and can be purchased separately from hardware vendors, are gaining popularity. Companies like Big Switch Networks and Cumulus Networks provide operating systems for these switches.

Open Ethernet switches are preferred by application-focused networking organizations, businesses seeking vendor support, and enterprises with strict availability and monitoring requirements. High-performance open Ethernet switches, such as NVIDIA Corporation’s Spectrum SN2000, offer extensive virtualization and large forwarding table support, making them ideal for building data center fabrics and optimized for storage workloads. This trend towards open Ethernet switches is expected to drive market growth during the forecast period. 

The Ethernet switch and router market is experiencing significant growth, driven by the increasing demand for secure and high-speed network connections. Five G technology is a key trend in this market, enabling faster data transfer and more efficient network management. Cybersecurity is another major trend, with companies investing in advanced security features to protect their networks from threats. The cloud is also playing a role in the market, as businesses move towards cloud-based solutions for their networking needs.

Additionally, the use of IoT devices is driving the need for more sophisticated networking technologies, such as those that support PoE (Power over Ethernet) and provide reliable connectivity for large numbers of devices. Overall, the Ethernet switch and router market is expected to continue growing, as businesses seek to improve their network infrastructure and keep up with the latest technology trends. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Ethernet switch and router market faces challenges due to interoperability issues between different vendors’ equipment. Switches and routers require separate software to deploy, and in some cases, compatibility with other brands can disrupt network functionality. Vendors address these issues by redesigning components, leading to delays in infrastructure deployment. These technical hurdles limit market growth during the forecast period.The Ethernet switch and router market face several challenges in delivering optimal network performance. Devices such as routers and switches, represented by the keywords “Ethernet switch” and “router,” require consistent configuration and management to ensure seamless connectivity.The context suggests the presence of multiple devices, denoted by “routes” and “switches,” which can lead to complex network configurations. Additionally, the need for high-speed data transfer, indicated by “gigabit” and “speed,” adds to the complexity of the market.Security, signified by “security,” is another significant challenge, with the requirement for devices to protect against unauthorized access and data breaches. Lastly, the context indicates the importance of interoperability, or the ability of different devices to work together, which can be a challenge in a diverse and evolving market.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Product 1.1 Ethernet switches1.2 RoutersApplication 2.1 Data centers2.2 Carrier ethernet2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Ethernet switches- Ethernet switches and routers are essential networking devices in local area networks (LANs), facilitating device connectivity and data transfer. Operating at the data link layer (Layer 2) of the OSI model, these switches use MAC addresses for efficient packet forwarding. Fixed and modular options cater to various business needs, with features like QoS, VLANs, and LACP enhancing network performance and security. The market for Ethernet switches and routers continues to grow due to increasing demand for reliable, high-speed connectivity.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Ethernet switch and router market is experiencing robust growth driven by digital technology adoption, network connectivity expansion, and the rise of IoT and 5G technologies. High demand for cloud computing solutions necessitates advanced Ethernet Test Equipment and Automotive Ethernet technologies to manage increased data traffic. While security concerns pose challenges, continued investment in network infrastructure and IT spending in the private sector are key growth drivers. Bandwidth routers and controllers are vital for seamless connectivity and efficient network management, underscoring their importance in this evolving market landscape.

Market Research Overview

The Ethernet Switch and Router market is poised for significant growth, driven by the increasing demand for high-speed connectivity and the proliferation of IoT devices. Key technologies such as SD-WAN and cloud computing are accelerating adoption in enterprise networks. Ethernet Test Equipment is essential for ensuring network performance and reliability, while Automotive Ethernet is transforming in-vehicle communication, enhancing connectivity and efficiency in the automotive industry. These advancements are vital across sectors like manufacturing, healthcare, education, and finance, where seamless connectivity and robust communication networks are crucial for productivity and efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductEthernet SwitchesRoutersApplicationData CentersCarrier EthernetOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Increff Selects Easyship’s Leading Multi-Carrier API To Help Retailers Navigate Global Shipping

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NEW YORK, Jan. 12, 2025 /PRNewswire-PRWeb/ — Easyship, one of the world’s leading multi-carrier shipping platforms, today announced a new partnership with Increff, a merchandising software leader specializing in inventory and warehouse management.

“By integrating Easyship’s best-in-class shipping technology, we are empowering our clients to scale globally with confidence and access 550+ shipping services,” said Kanika Bhalla, CRO of Increff. “This partnership reflects our commitment to equipping retailers with the tools they need.”

This collaboration marks a significant milestone in Increff’s expansion from a domestic technology powerhouse into North America, Europe, and Asia. By leveraging Easyship’s powerful multi-carrier shipping API, Increff’s 700+ global eCommerce clients can now access seamless logistics solutions spanning 220+ destinations worldwide.

Revolutionizing Logistics & Inventory Management

The integration of Easyship’s advanced shipping technology into Increff’s omnichannel Warehouse Management System (WMS) and Ship from Store solutions empowers retailers to:

Save up to 91% off retail prices on shipping labels, significantly reducing operational shipping costs and boosting store profitability.Access to 550+ courier services worldwide, ensuring unparalleled flexibility and control across North America, Europe, and Asia.An advanced courier selection algorithm that optimizes shipments for cost, speed, and reliability, streamlining domestic and international deliveries.

Driving Global Growth for Retailers

“By integrating Easyship’s best-in-class shipping technology, we are empowering our clients to scale globally with confidence and access more than 550 shipping services,” said Kanika Bhalla, CRO of Increff. “This partnership reflects our commitment to equipping retailers with the tools they need to thrive in competitive markets. Together, we are unlocking new revenue streams for our clients while enhancing their operational efficiency and customer satisfaction.”

This strategic collaboration enables Increff to expand its global footprint while meeting the needs of retailers in competitive markets. It combines advanced inventory management, merchandising, and logistics into one seamless solution, ensuring an optimized and efficient experience for global retailers.

Enhanced Value Through Innovation

With Easyship as its preferred global shipping partner, Increff reinforces its mission to deliver intelligent solutions that improve operational efficiency and elevate the customer experience.

“Partnering with Increff enables us to combine our powerful multi-carrier shipping tools with cutting-edge inventory management, creating a seamless experience for retailers looking to expand globally,” said Tommaso Tamburnotti, Co-Founder of Easyship. “This partnership exemplifies the close synergy between effective inventory management and worldwide logistics technology, enabling retailers to grow faster while streamlining their operations.”

Start Saving On Shipping Costs

Retailers already using Increff’s WMS can now access Easyship’s global courier network, enabling faster delivery to locations like the United States and Canada while saving up to 91% on shipping and fulfillment costs. These benefits demonstrate how the partnership addresses critical challenges for retailers expanding their reach and improving their operational workflows.

NRF 2025 Partnership Launch

The program will officially launch at NRF 2025, with full integration and product availability expected later in the year. Retailers can visit the Increff booth at the annual National Retail Federation’s ‘Retail’s Big Show’ expo for live demonstrations of the new partnership’s capabilities.

About Increff

Increff is a leading retail technology company specializing in solving complex inventory management and supply chain challenges for retailers. With AI-powered merchandising and cloud-hosted omnichannel solutions, Increff helps brands optimize inventory, improve sales performance, and make data-driven decisions. The company’s solutions currently serve over 700 global brands across diverse retail categories, from fashion and electronics to consumer packaged goods.

For more information, visit: www.increff.com

About Easyship

Easyship is a global shipping platform that empowers businesses of all sizes to simplify fulfillment, save on shipping costs, and enhance customer delivery experiences. Trusted by tens of thousands of merchants worldwide, Easyship offers retailers access to a global network of over 550 courier services with discounted rates and advanced shipping and productivity tools to compare carriers, print labels, track shipments, and automate pick and pack processes.

For more information, visit: www.easyship.com

Media Contact

Tommaso Tamburnotti, Easyship, 44 44 7724256658, press@easyship.com, https://www.easyship.com/developers

View original content to download multimedia:https://www.prweb.com/releases/increff-selects-easyships-leading-multi-carrier-api-to-help-retailers-navigate-global-shipping-302348505.html

SOURCE Easyship

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Skyee Receives In-Principle Approval (IPA) for Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS)

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Skyee Pte. Ltd. (“Skyee”) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China, Europe, North America and North Asia. If obtained, the MPI license will allow Skyee to service its Singapore market, further enhancing the payment experience for cross-border sellers, streamlining payment processing, increasing efficiency, and reducing operational costs through Account Issuance, Domestic Money Transfer, Cross-border Money Transfer, Merchant Acquisition, and e-Money services.

Skyee Group, established in 2016, has consistently adhered to its mission of “linking the global financial network, building a new payment system, and providing all-around convenience for cross-border fund transfers.” Skyee’s receipt of the IPA from MAS underscores its strong reputation as a responsible digital financial technology company. By continuously optimizing its products and services, Skyee Group has secured strategic investment from Lakala Payment Group, China’s first A-share listed third-party payment company, and has become a member of its group.

Kozen Tan, CEO of Skyee Singapore has spearheaded and actively drive the acquisition of this license and stated, “Being granted this IPA from the Monetary Authority of Singapore is a big milestone for Skyee, especially as we expand our reach and payment services across geographical borders, solidifying our position in one of the most significant financial markets globally”.

This announcement follows Skyee Group track record and contributions to the emerging internet-based global financial system, further cementing its position as a trusted and well-regulated operator.

About Skyee: Based in Guangzhou, China, Skyee is a cross-border payment technology company with offices in Hangzhou, Shenzhen, Hong Kong, Singapore, Los Angeles, London, Tokyo, and Canada. Dedicated to providing innovative payment solutions for users with cross-border funding needs. Skyee offers safe and convenient global cross-border payment services for various sizes of overseas merchants through its self-developed payment platform. Skyee provides personalized solutions for more than twenty global payment scenarios to enhance payment efficiency and user experience, meeting diverse payment needs.

View original content:https://www.prnewswire.com/apac/news-releases/skyee-receives-in-principle-approval-ipa-for-major-payment-institution-license-mpi-from-the-monetary-authority-of-singapore-mas-302348518.html

SOURCE Skyee Pte. Ltd

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KT&G Establishes Uzbekistan Corporation Strengthening Eurasian Market Competitiveness

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– Office to corporation conversion reinforces local operations heightening global competitiveness

SEOUL, South Korea, Jan. 13, 2025 /PRNewswire/ — KT&G (KRX : 033780) is establishing a corporation in Uzbekistan handing local operations for earnest market expansion and increased profitability, aiming to strengthen competitiveness in the Eurasian region.

In 2023, KT&G set up an office in Uzbekistan and entered the market with the superslim brand “ESSE”.

Through the corporation conversion of the Uzbekistan office, KT&G plans to reinforce long-term competitiveness in the Eurasian region. To increase market presence, KT&G will increase the size of the local workforce by four times, and continue to widen distribution coverage by establishing detailed operational networks.

KT&G also plans to grow “ESSE” as a major brand in the Uzbekistan market, anticipating revenue and profit growth from market expansion.

KT&G has established regional CIC’s (Company-In-Company) in Eurasia and the Asia-Pacific regions to facilitate global business expansion. KT&G currently is operating in 132 countries across the globe through six sales corporations and three branches. Going forward, KT&G will continue to expand its global corporations to support direct global operations and continue efforts to increase profitability.

A KT&G spokesperson said that “the establishment of the Uzbekistan corporation is part of the ongoing investment and innovation for the leap to a ‘Global Top-Tier.’ KT&G will continue its global growth trends by reinforcing local operations.”

 

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View original content:https://www.prnewswire.co.uk/news-releases/ktg-establishes-uzbekistan-corporation-strengthening-eurasian-market-competitiveness-302348712.html

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