USD 26502.97 million
Report ID: SQSG45H2006 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 63 | Figures: 75
Global Metro Ethernet Market size was valued at USD 26502.97 million in 2021 and is poised to grow from USD 29107.51 million in 2022 to USD 60477.68 million by 2030, growing at a CAGR of 9.88% in the forecast period (2023-2030).
Metro Ethernet is an Ethernet transport network that delivers point-to-point and multipoint connectivity services over a metropolitan area network (MAN). Ethernet began as a local area network (LAN) technology and evolved into a replacement for low-speed wide-area network (WAN) technologies. Ethernet services are popular among business, residential, and mobile subscribers because of their cost-effectiveness, versatility, and simplicity.
US Metro Ethernet Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 26502.97 million
Multiservice Provisioning Platform
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The global metro ethernet market is segmented based on the type, application, and region. By type, the Market is segmented into ethernet switch, multiservice provisioning platform, and router. Based on the application, the global market is segmented as mobile backhaul, business services, and network infrastructure. By Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
The Global Metro Ethernet Market has been classified By Type (Ethernet Switch, Multiservice Provisioning Platform, and Router). In 2021, the Ethernet Switch led the market. Increased use of Ethernet switches due to their benefits and the growing requirement to maintain efficiency in communication infrastructure in the end-user industry is driving the market's expansion. Furthermore, the growing use of Ethernet switches in industrial infrastructures like smart grids, intelligent train & traffic, security & surveillance, and other utilities is propelling the metro ethernet market growth.
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In 2021, the North America region led the global metro ethernet market, accounting for more than 30% of global revenue. The growth of the regional market can be attributed to the advancement of many innovative technologies and the early adoption of new technologies. Even though many network functions converge on a single chassis, each function operates independently, with operational, functional, and administrative isolation. Failures are isolated when a physical system, such as the Broadband Network Gateway (BNG), is partitioned into numerous separate logical instances. The control plane and forwarding plane are not shared by the partitions; instead, they share the same chassis, space, and power.
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The Global metro ethernet market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global metro ethernet market analysis, the North America region led the global market with more than 30% market share. The growth of the regional market can be attributed to the advancement of many innovative technologies and the early adoption of new technologies. The growing demand for high-quality, scalable, dependable, and cost-effective connection alternatives, particularly in the retail enterprise sector. In 2021, the ethernet switch led the market.
|Market size value in 2021||USD 26502.97 million|
|Market size value in 2030||USD 29107.51 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Metro Ethernet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Metro Ethernet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Metro Ethernet Market:
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Product ID: SQSG45H2006