Industrial Ethernet Global Market Report

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Industrial Ethernet Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Industrial Ethernet Market Segments
The Business Research Company segments the
industrial ethernet switch market report as
Managed Industrial Ethernet Switches, Unmanaged
Industrial Ethernet Switches
By Type
Smart Grid, Security And Surveillance,
Intelligent Rail And Traffic
By Application
Manufacturing, Electric And Power, Aerospace And
Defense, Automotive And Transportation, Oil And
Gas, Other Industry Verticals
By Industry
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Market Statistics
The global Industrial Ethernet market size grew
from 2.8 billion in 2023 to 3.01 billion in
2024 at a compound annual growth rate (CAGR) of
7.3. The Industrial Ethernet market size is
expected to grow to 3.88 billion in 2028 at a
compound annual growth rate (CAGR) of 6.5.
3.88 B
3.01 B
2.8 B
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Key Market Drivers And Trends
Drivers
The growing adoption of the industrial Internet
of Things (IoT) is expected to propel the growth
of the industrial ethernet switch market going
forward.
Trends
Product innovations are a key trend gaining
popularity in the industrial ethernet switch.
Region
Asia-Pacific was the largest region in the
Industrial Ethernet market in 2023. The regions
covered in the Industrial Ethernet market
analysis report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America,
Middle East and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Microsoft Corporation
• Huawei Technologies
• Siemens Ag
• Cisco Systems Inc
• IBM
• Schneider Electric SE

• ABB Ltd.
• Rockwell Automation
• Omron Corp
• Juniper Networks
• Avaya Inc

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   against key competitors.
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