Growth in IT Capacity Fuels Network Switches Market Expansion

It is anticipated that the Network Switches Market would expand from USD 33.0 billion in 2023 to USD 45.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.6%.

Pune, 21/08/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The report "Network Switches Market by Type (Fixed Configuration Switches, Modular Switches), End User, Switching Port (100 MBE & 1 GBE, 2.5 GBE & 5 GBE, 10 GBE, 25 GBE & 50 GBE, 100 GBE, 200 GBE & 400 GBE) and Region – Global Forecast to 2028" projects a significant growth trajectory for the Network Switches Market. The market is expected to expand from USD 33.0 billion in 2023 to USD 45.5 billion by 2028, reflecting a robust CAGR of 6.6% during the forecast period.

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This growth is driven by the increasing demand for high-speed, reliable network infrastructure across various industries, including IT and telecommunications, enterprise, and data centers. As businesses increasingly adopt cloud-based services, IoT, and advanced networking solutions, the need for efficient network switches capable of handling high data throughput is becoming more critical, thereby fueling the market's expansion.

The Network Switches Market is experiencing significant growth, fueled by the rising global demand for data centers and the increasing need for simplified networking communication management and automation. As businesses worldwide transition to digital platforms, there is a growing emphasis on efficient, high-speed network infrastructure to support these initiatives. Investments in digital transformation are driving the adoption of advanced network switches that facilitate seamless data flow, enhanced connectivity, and streamlined management. These factors are collectively propelling the expansion of the Network Switches Market as organizations seek to optimize their network performance and scalability in an increasingly 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.

The market for fixed configuration switches is poised to hold a larger share of the network switches market during the forecast period. These switches, encompassing managed, unmanaged, and Power over Ethernet (PoE) variants, are gaining traction due to their ability to deliver versatile Ethernet switching solutions across a range of applications. From enterprise branch offices and campus networks to midsize companies and small and medium-sized businesses (SMBs), fixed configuration switches are crucial for providing access security, operational efficiency, sustainability, and enhanced user experience. These benefits are driving the global demand for fixed configuration switches, making them a key growth segment in the network switches 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.

In 2022, the 200 GbE and 400 GbE switching port segment experienced the highest growth, a trend expected to continue during the forecast period. These network switches are optimized for both data center and non-data center applications, offering economical switching solutions that enhance efficiency and reduce costs in large-scale networks. The 200 GbE and 400 GbE ports are engineered for top-tier performance, making them ideal for demanding enterprise data centers and storage environments. While hyperscalers have driven much of the demand, other segments—including telecommunications providers deploying 5G networks and high-end enterprises in industries like financial services—are also expected to adopt this technology, further fueling market growth.

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North America is expected to hold the largest share in the market by 2028.

The North American region is anticipated to dominate the network switches industry during the forecast period, driven by increasing IT capacity demands and the adoption of new data center technologies. The presence of leading companies like Cisco Systems, Arista Networks, Juniper Networks, HPE Aruba, and NETGEAR has significantly contributed to this growth by offering a broad spectrum of network switches across various industry sectors. Additionally, ongoing technological advancements and increased R&D investments in the region are further propelling market expansion, solidifying North America's position as a key player in the global network switches market.

Key players in the network switches companies 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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