Understanding the Network Switches Market: Size, Trends & Key Players
The global Network Switches Market Size is expected to grow significantly, from USD 33.0 billion in 2023 to USD 45.5 billion by 2028. Over the course of the projection period, this growth trajectory indicates a Compound Annual Growth Rate (CAGR) of 6.6%.
The "Network Switches Market" research provides information on a number of market sectors, including varieties like modular switches and fixed configuration switches, as well as a range of switching ports from 100 MBE & 1 GBE to 200 GBE & 400 GBE. The study also looks at how regional dynamics and end-user industries affect market growth.The market for network switches is anticipated to grow rapidly in the next years due to the growing use of cutting-edge networking technologies in industries like telecommunications, IT, and healthcare, as well as the need for high-speed data transfer and network optimisation.
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The need for more efficient networking communication management and automation, as well as the growing need for data centres globally, are the main factors driving the expansion of the network switches market growth. An effective and scalable network architecture is essential as companies depend more and more on cloud services and data-intensive apps. Network switches are essential for providing smooth communication and data transfer in these settings, which helps businesses increase productivity and streamline processes. The demand for advanced networking solutions is also being fueled by rising investments in digital platforms, which are being driven by the growth of IoT devices, smart technologies, and digital transformation projects across industries.
By type, the fixed configuration switches are projected to hold the larger share of the network switches market during the forecast period.
It is expected that the market for fixed configuration switches will continue to have a higher part of the network switches market share over the course of the forecast period. The popularity of fixed configuration switches—which include controlled, unmanaged, and PoE (Power over Ethernet) switches—is ascribed to their adaptability and wide range of applications. These switches provide ethernet switching options appropriate for a range of contexts, such as midsize organisations, campus environments, enterprise branch offices, and small to medium-sized enterprises (SMBs). Their capacity to offer access security, encourage sustainability, maximise operational efficiency, and improve users' overall work experiences are important reasons propelling their expansion. Fixed configuration switches have a wide range of applications and are essential to current networking infrastructure, therefore their demand is expected to be steady in all major markets.
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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.
Throughout the course of the forecast period, the 200 GbE and 400 GbE switching port sector is expected to maintain its notable increase from 2022. For both data centre and non-data centre applications, these high-speed switching ports provide efficient and reasonably priced solutions. The speed at which switches can interact with one other is critical for increasing efficiency and lowering operating costs, especially in large networks. 200 GbE and 400 GbE switching ports are ideal for demanding enterprise data centres and storage environments since they are built to give exceptional performance. The need for these high-speed ports has been mostly driven by hyperscalers, but other market segments, including high-end businesses in industries like financial services and telecommunications service providers implementing 5G networks, are also anticipated to adopt this technology. The need for 200 GbE and 400 GbE switching ports is anticipated to continue to be strong as businesses in a variety of sectors look to improve their network capabilities to meet changing digital requirements.
North America is expected to hold the largest share in the market by 2028.
Throughout the course of the forecast period, the North American region is expected to dominate the network switches market share, largely due to the growing adoption of innovative data centre technologies and the rising demands for IT capacity. The dominance of some important competitors in the market, including as Cisco Systems (US), Arista Networks (US), Juniper Networks (US), HPE Aruba (US), and NETGEAR (US), is largely due to their ability to provide a wide range of network switches that are tailored to specific industrial verticals. Furthermore, the market is expanding due to continued technical improvements and increased investments in research & development activities within the region.
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Network Switches Companies:
- 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),
- 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).
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