Driving Transformation: The $45.5 Billion Network Switches Market Impact
According to the "Network Switches Market by Type, End User, Switching Port, and Region - Global Forecast to 2028" analysis, the market for network switches is expected to grow rapidly. The market is anticipated to increase at a high Compound Annual Growth Rate (CAGR) of 6.6% over the course of the forecast period, rising from USD 33.0 billion in 2023 to USD 45.5 billion by 2028. The adoption of fixed configuration switches and modular switches with varying switching port capacities, such as 100 MBE & 1 GBE, 2.5 GBE & 5 GBE, 10 GBE, 25 GBE & 50 GBE, 100 GBE, and 200 GBE & 400 GBE, across various regions around the world, can be attributed to the rising demand for network switches in various industries and sectors.
The need for efficient networking communication management and automation, as well as the rising need for data centres globally, are the main drivers of the market for network switches. The market is also expanding as a result of rising investments in digital platforms. The use of network switches is increasing as businesses and industries look for data processing and communication solutions that are more efficient, meeting the needs of a connected world.
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By type, the fixed configuration switches are projected to hold the larger share of the network switches market during the forecast period.
Fixed configuration switches are anticipated to rule the market for network switches over the forecast period. Due to their adaptability in providing ethernet switching solutions across various applications, including enterprise branch offices, campuses, midsize businesses, and small and medium-sized businesses (SMB), these switches—which include managed, unmanaged, and PoE variants—are expected to hold a larger share. The rising demand for fixed configuration switches, which provide advantages such access security, sustainability, operational excellence, and improved work experiences, is further bolstering their position in the market.
By switching port, 200 GBE and 400 GBE switching port segment is projected to exhibit highest CAGR for the network switches market during the forecast period.
The 200 GBE and 400 GBE switching port segment of the network switches market is anticipated to experience the highest compound annual growth rate (CAGR) throughout the anticipated time frame. In 2022, this market category had significant growth, and it is anticipated that this trend will continue. These high-speed switches, which are optimised for both data centre and non-data centre applications, provide affordable solutions while enhancing network effectiveness. The adoption of 200 GBE and 400 GBE switching ports is anticipated to remain strong due to rising demand from hyperscalers, telecommunications service providers deploying 5G networks, and high-end enterprises, as well as their superior performance in demanding enterprise data centres and storage environments.
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North America is expected to hold the largest share in the market by 2028.
North America is anticipated to have the highest share of the network switches market throughout the forecast period. The region's expanding IT capacity requirements and rising adoption of cutting-edge data centre technologies can be credited with this supremacy. With their broad network switch solutions across several industry verticals, major companies including Cisco Systems, Arista Networks, Juniper Networks, HPE Aruba, and NETGEAR have been instrumental in driving market growth in North America. The region's concentration on technical developments and higher investments in R&D further help to fuel the market growth for network switches.
Key players in the network switches market include Cisco Systems (US), Huawei Technology (China), HPE Aruba (US), Juniper Networks (US), Arista Networks (US), NETGEAR (US), D-Link Corporation (US), Extreme Networks (US), NVIDIA Corporation (US), TRENDnet (US), Lantronix (US). Apart from this, Alcatel Lucent Enterprise (France), Dell Technologies (US), Pica8, Inc. (US), Larch Networks (US), STORDIS (Germany), IP Infusion (US), Buffalo Americas, Inc. (US), Linksys (US), TELEFLY Telecommunications Equipment Co., Ltd. (China), Allied Telesis (Japan), Moxa (Taiwan) are among a few emerging companies in the network switches market.
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