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IDC’s Worldwide Ethernet Switch and Router Trackers Show Solid Growth in Both Markets for Q1 2019

Published

5 years ago

May 31, 2019

Zoltan_Tundik

Reading Time: 5 minutes

Enterprise Switch Market Grew 7.8% Year Over Year; Router Market
Rose 8.2% in 1Q19

FRAMINGHAM, Mass.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Ethernetswitch?src=hash” target=”_blank”gt;#Ethernetswitchlt;/agt;–The worldwide Ethernet switch market (Layer 2/3) recorded $6.8 billion
in revenue in the first quarter of 2019 (1Q19), an increase of 7.8% year
over year. Meanwhile, the worldwide total enterprise and service
provider (SP) router market revenues grew 8.2% year over year 1Q19 to
$3.6 billion. These growth rates are according to results published in
the International Data Corporation (IDC)
Quarterly
Ethernet Switch Tracker and IDC
Quarterly Router Tracker.

Ethernet Switch Market Highlights

From a geographic perspective, the 1Q19 Ethernet switch market had a
strong quarter across the globe. The Asia/Pacific (excluding Japan)
(APeJ) region grew 8.6% year over year. Notable gains in the region
included China, which grew 11.7% year over year, and Taiwan, which
increased 15.3%. Meanwhile, Japan’s Ethernet switch market rose 1.3%.

The Middle East and Africa (MEA) region saw growth of 9.5% year over
year, led by Egypt, which rose 17.3%. Europe saw more modest growth with
Western Europe growing 3.5% and Central and Eastern Europe remaining
stagnant with 0.3% year-over-year growth. Notable markets in Western
Europe included the United Kingdom, which was down 1.2% from a year
earlier, while Germany was up 2.3% and Italy grew 15.5% year over year.
In Central and Eastern Europe, Russia declined 13.4% year over year. In
the Americas, the United States grew 11.9% while Canada increased 2.6%
year over year. Latin America was down 4.5% overall with Brazil’s 8.5%
year-over-year decline offset by 11.0% growth in Mexico.

“Organizations across the globe are looking to digitally transform
themselves in an effort to meet market and competitive needs and improve
user experiences. As they do so, enterprises are realizing the critical
role the network plays in their broader IT transformation initiatives,”
said Rohit
Mehra, vice president, Network
Infrastructure, at IDC. “This has led to continued, and growing,
investment in Ethernet switching, routing, software-defined networks
(SDN), and SD-WAN platforms and architectures that support the
increasing demands of an always-connected world.”

100Gb Ethernet switch revenues continue to grow rapidly. Port shipments
for 100Gb switches rose 85.3% year over year to 3.6 million. 100Gb
revenues grew 59.0% year over year in 1Q19 to $1.2 billion, making up
17.3% of the market’s revenue. 25Gb ports also saw impressive growth,
increasing 133.3% to $304.0 million, with port shipments growing 104.8%
year over year. 40Gb switches continue to be falling out of favor with
revenues declining 21.3% year over year. Lower-speed campus switches, a
more mature part of the market, showed moderate growth. 10Gb port
shipments rose 8.6% year over year to make up 28.7% of the market’s
revenue. 1Gb switches grew 2.9% year over year in port shipments, making
up 40.3% of the market’s total revenues.

Router Market Highlights

The worldwide enterprise and service provider router market grew 8.2% on
a year-over-year basis in 1Q19 with the major service provider segment,
which accounts for 75.3% of revenues, increasing 7.1% and the enterprise
segment of the market growing 11.9%. From a regional perspective, the
combined service provider and enterprise router market increased 12.0%
in APeJ with the enterprise segment up 17.7%. Japan’s total market grew
27.1% year over year. Central and Eastern Europe regional revenues rose
19.7% year over year, while the Western Europe combined enterprise and
service provider market grew 3.7% year over year. The Middle East &
Africa region was up 12.6% fueled by a 15.7% increase in service
provider revenues. In the U.S., the enterprise segment was up 15.7% but
the service provider revenues fell 5.8%, causing the total market to
decline 0.5% year over year. Canada’s market rose 28.5% year over year
and the Latin American market grew 9.0%.

Vendor Highlights

Cisco finished 1Q19 with an 8.3% year-over-year increase in
overall Ethernet switch revenues and market share of 53.7%. In the hotly
contested 25Gb/100Gb segment, Cisco is the market leader with 39.4% of
the market’s revenue. Cisco’s combined service provider and enterprise
router revenue rose 15.3% year over year, with enterprise router revenue
increasing 16.1% and service provider revenues growing 14.8%. Cisco’s
combined SP and enterprise router market share increased to 42.4%, up
from 37.4% in 4Q18.

Huawei’s Ethernet switch revenue rose 18.9% on an annualized
basis, giving the company market share of 8.9%, up from 8.1% a year
earlier. The company’s combined service provider and enterprise router
revenue rose 5.7% year over year with a market share of 24.5%.

Arista Networks saw Ethernet switch revenues increase 24.0% in
1Q19, bringing its share to 7.5% of the total market, up from 6.5% a
year earlier. The company continues to cater to the higher end of
Ethernet switch speeds, with 100Gb revenues accounting for 67.6% of the
company’s total revenue, indicating the company’s focus on hyperscale
and cloud providers.

HPE‘s Ethernet switch revenue declined 5.6% year over year,
giving the company a market share of 5.3%.

Juniper‘s Ethernet switch revenue declined 23.4% in 1Q19,
bringing its market share to 2.6%. Juniper saw an 8.2% decline in
combined enterprise and service provider router sales, bringing its
market share in the router market to 10.4%.

“There continue to be diverging trends across the Ethernet switch
market,” said Petr
Jirovsky, research director, IDC
Networking Trackers. “Hyperscalers and service providers continue to
demand the fastest Ethernet switching speeds in the market, leading to
the highest growth rates in both port shipments and revenues. Meanwhile,
the more mature enterprise switching platforms continue to make up a
larger share of the overall market.”

A graphic illustrating the worldwide revenues for the top 5 Ethernet
switch companies over the previous five quarters is available by viewing this
press release on IDC.com.

The IDC
Quarterly Ethernet Switch Tracker and the IDC
Quarterly Router Tracker provide total market size and vendor shares
for the Ethernet switch and router technologies in an easy-to-use Excel
pivot table format. The geographic coverage for both the Ethernet switch
market and the router market includes eight major regions (USA, Canada,
Latin America, Asia/Pacific (excluding Japan), Japan, Western Europe,
Central and Eastern Europe, and Middle East and Africa) and 60
countries. The Ethernet switch market is further segmented by speed
(100Mb, 1000Mb, 10Gb, 25Gb, 40Gb, 50Gb, 100Gb), product (fixed managed,
fixed unmanaged, modular), and layer (L2, L3, ADC). Measurement for the
Ethernet switch market is provided in vendor revenue, value, and port
shipments. The router market is further split by product (high-end,
mid-range, low-end, SOHO), deployment (service provider, enterprise),
connectivity (core, edge), and the measurements are in vendor revenue,
value, and unit shipments.

For more information about IDC’s Quarterly Ethernet Switch and Router
Trackers, please contact Kathy Nagamine ([email protected]).

About IDC Trackers
IDC
Tracker products provide accurate and timely market size, vendor
share, and forecasts for hundreds of technology markets from more than
100 countries around the globe. Using proprietary tools and research
processes, IDC’s Trackers are updated on a semiannual, quarterly, and
monthly basis. Tracker results are delivered to clients in user-friendly
excel deliverables and online query tools.

About IDC
International Data Corporation (IDC) is the
premier global provider of market intelligence, advisory services, and
events for the information technology, telecommunications, and consumer
technology markets. With more than 1,100 analysts worldwide, IDC offers
global, regional, and local expertise on technology and industry
opportunities and trends in over 110 countries. IDC’s analysis and
insight helps IT professionals, business executives, and the investment
community to make fact-based technology decisions and to achieve their
key business objectives. Founded in 1964, IDC is a wholly-owned
subsidiary of International Data Group (IDG),
the world’s leading media, data and marketing services company. To learn
more about IDC, please visit www.idc.com.
Follow IDC on Twitter at @IDC
and LinkedIn.

Contacts

Rohit Mehra
[email protected]
508-935-4343

Petr
Jirovsky
[email protected]
413-313-6112

Michael
Shirer
[email protected]
508-935-4200

transfer

IMC to transfer its Oranim Pharmacy shares back to the seller

Published

51 seconds ago

April 16, 2024

CISION (PR Newswire)

imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller

TORONTO and GLIL YAM, Israel, April 16, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the seller.

“With the April 1^st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest growth potential,” said Oren Shuster, CEO of IMC. “With both of our core markets, Germany and Israel, currently undergoing rapid evolution, we need to assure that we allocate our resources to the growth opportunities where we expect the best return on investment.”

About IM Cannabis Corp.

IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.

The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC’s products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, the occurrence of growth opportunities and the likelihood of growth potential.

Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the development and introduction of new products; continuing demand for medical and adult-use recreational cannabis in the markets in which the Company operates; the Company’s ability to reach patients through both e-commerce and brick and mortar retail operations; the Company’s ability to maintain and renew or obtain required licenses; the effectiveness of its products for medical cannabis patients and recreational consumers; and the Company’s ability to market its brands and services successfully to its anticipated customers and medical cannabis patients.

The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward looking statements due to a number of factors and risks. These include: any failure of the Company to maintain “de facto” control over Focus Medical in accordance with IFRS 10; the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the effect of the reform on the Company; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East

Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.

The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Company Contacts:

Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]

Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
[email protected]

Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller-302117984.html

CCELL®

CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer

Published

23 hours ago

April 15, 2024

CISION (PR Newswire)

ccell-launches-environmentally-conscious-eco-star-aio-vaporizer

SHENZHEN, China, April 15, 2024 /PRNewswire/ — CCELL®, the world’s leading technology brand focused on creating trendsetting vape hardware products and advanced vaporization technology, today announced the launch of the Eco Star, the company’s all-in-one vaporizer focused on sustainability, wide-ranging oil compatibility, and ease of use.

The Eco Star’s casing material is made of biodegradable and plant-based PLA, a material that can be decomposed by bacteria or other living organisms. By adopting this type of eco-friendly casing, CCELL seeks to provide an option that can reduce the cannabis industry’s overall environmental impact and build a more sustainable society.

Built within the casing is a removable and recyclable lithium-ion battery. This thoughtful pull-apart design allows consumers to easily remove the battery before disposing of the casing, empowering them to contribute towards a greener Earth.

The Eco Star also features complete compatibility with all types of cannabis oils, clog-free dual air vents, and an isolated airway that ensures the cleanest possible vapor.

With increasing environmental challenges worldwide and tightening regulations on vape products, the Eco Star was introduced with the intention of raising environmental awareness across the industry.

The company has also implemented other measures to align its practices with its long-standing sustainability-focused values. These include offering biodegradable and plant-based PLA mouthpieces among its customization options. Additionally, the company uses energy-efficient aqueous processing in producing its patented ceramic heating cores to reduce greenhouse gas emissions.

Before the product’s official launch, CCELL provided their customers and consumers with an early look at the Eco Star at TPE24 and Hall of Flowers Ventura in the US, and Spannabis Barcelona in Spain.

Disclaimer for battery disposal: CCELL does not recycle lithium-ion batteries. Battery recycling requirements may vary by country, city, etc. Please contact your local recycling center for more details before disposal.

About CCELL®

CCELL® is a technology brand and global innovator in the portable vaporizer space that revolutionized the industry by introducing the ceramic heating component. CCELL® was born in the headquarters of Shenzhen Smoore Technology Limited, which has more than 10 years of expertise in the vaporization industry. With advanced R&D resources, patented technologies, strong production capabilities, and reliable quality control systems, CCELL® is recognized around the world for its exceptional vaporization technology and top-quality devices.

Learn more about CCELL® at www.ccell.com as well as on LinkedIn, Instagram, Facebook, Twitter, and YouTube.