The Latin America, Middle East and Africa Ethernet Switch Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Ethernet Switch Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $538.9 million by 2030. The Argentina market is exhibiting a CAGR of 7.6% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 6.7% during (2023 - 2030).
Bandwidth-intensive applications, including high-definition video streaming, virtual reality, and augmented reality, strain network infrastructure considerably. Ethernet switches, with their ability to handle large data payloads and prioritize critical traffic, play a crucial role in ensuring the smooth operation of these applications. This capability is particularly pertinent in meeting the evolving needs of modern consumers and businesses.
Furthermore, Ethernet switches have permeated the networking infrastructure of small and medium-sized enterprises, offering cost-effective solutions to meet their connectivity needs. With the growing number of small and medium sized enterprises, the demand for Ethernet switches will also increase. As per the data from Statistics Canada, small and medium-sized enterprises (SMEs) make a substantial economic contribution to Canada, comprising 98.1% of all employing businesses in the country in 2021. In Canada, small enterprises employ 9.7 million people. In contrast, large businesses employed 2.3 million individuals (14.8%), while medium-sized businesses employed 3.2 million individuals (21.2% of the labor force). Likewise, as per the data released in 2022 by the U.S. Embassy and Consulates, there were 30 million micro, small, and medium-sized enterprises (MSMEs) in Brazil, accounting for 30 percent of the country’s GDP.
Africa has been experiencing a growing demand for high-speed internet connections due to the increasing use of digital technologies, online services, and the expansion of businesses relying on robust networking infrastructure. Ethernet switches play a crucial role in local area networks (LANs) and facilitate efficient and reliable data transfer within networks. As demand for high-speed internet increases, there is a corresponding need for advanced networking equipment, including Ethernet switches, to support faster and more reliable data transfer. Thus, with the rising need for high-speed Internet in LAMEA, there will be enhanced growth in the regional market.
Free Valuable Insights: The Worldwide Ethernet Switch Market is Projected to reach USD 25.1 Billion by 2030, at a CAGR of 4.6%
Based on Type, the market is segmented into Fixed Configuration and Modular. Based on Speed, the market is segmented into 1G, 10 G, 25 G, 40 G, 100 G and Others. Based on Configuration, the market is segmented into Managed L3, Managed L2, Smart, Unmanaged, and Divided. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type
By Speed
By Configuration
By Country
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