The worldwide Ethernet switch market grew revenues 38.4% year-over-year in the second quarter of 2023 (2Q23) to $11.8 billion. The total worldwide enterprise and service provider router market recorded $4.6 billion in revenue in 2Q23, a 9.4% year-over-year increase. A major driver of growth in the market continues to be the easing of supply chain issues that began during the global pandemic. This trend is particularly relevant in the non-datacenter segment of the Ethernet switching market, where revenues grew 52.5% year over year in 2Q23, while port shipments rose 16.6%.

Read More