Metro Ethernet Market Size, Share, Growth Analysis, By Type(Ethernet Switch, Multiservice Provisioning Platform, Router), By Application(Mobile Backhaul, Business Services, Network Infrastructure), By Region - Industry Forecast 2024-2031

Metro Ethernet Market size was valued at USD 26.50 billion in 2019 and is poised to grow from USD 29.10 billion in 2023 to USD 60.47 billion by 2031, growing at a CAGR of 9.88% in the forecast period (2024-2031).

The 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. 'AT&T Inc.', 'Verizon Communications Inc.', 'China Telecommunications Corporation', 'British Telecommunications plc', 'Orange S.A.', 'NTT Communications Corporation', 'Deutsche Telekom AG', 'Comcast Corporation', 'BT Services Ltd.', 'Telstra Corporation Limited', 'Tata Communications Ltd.', 'Colt Technology Services Group Ltd.', 'CenturyLink, Inc.', 'Windstream Holdings, Inc.', 'Zayo Group Holdings, Inc.', 'Cogent Communications Holdings, Inc.', 'MetroNet Inc.', 'Lumos Networks Corp.', 'FiberLight, LLC', 'Level 3 Communications, LLC', 'In May 2022, African Infrastructure Investment Managers completed an acquisition of MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa.', 'In April 2022, Synopsys and Juniper Networks launched OpenLight, a new firm that will allow third parties to create products with integrated on-chip lasers using Tower Semiconductor's manufacturing capabilities.'

The market is also growing due to the businesses and organizations easily linking their branches and staff into a unified network without the hassle of transferring signals or technology from one location to the next. Other services, such as VoIP (voice over Internet protocol), video over Internet protocol, and other secure data transmission methods, can also drive metro ethernet market growth.

Metro networks must be designed to handle increased data traffic needs resulting from the high-definition video content, necessitating the need for enhanced services around the world. A significant increase in demand for cloud-based applications, as well as the growth of metro networks from 1 GbE to 100 GbE ports and connections in both the residential and corporate sectors, are boosting demand for metro ethernet market.

In 2021, the North America region led the metro ethernet market, accounting for more than 30% of 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.