Global Network Switches Market Research Report: By Type (Fixed Configuration Switches, Managed Switches, Unmanaged Switches, PoE Switches, and Modular Switches), By End-User (Data Center, Cloud Service Providers, Telecom Service Providers, Large Enterprise or Private Cloud, and Non-Data Center), By Switching Port (100 MBE & 1 GBE, 2.5 GBE & 5 GBE, 10 GBE, 25 GBE & 50 GBE, 100 GBE, and 200 GBE & 400 GBE), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
The Global Network Switches Market was valued at USD 53.70 billion in 2022, and is estimated to reach approximately USD 88.44 billion by 2031, at a CAGR of 5.7% from 2023 to 2031. Network switches are essential components of computer networks that connect several devices to one another inside a local area network (LAN). They function at the data connection layer of the OSI model, enabling effective data flow between connected devices. Switches take in incoming data packets and examine the MAC addresses of the destinations to decide which path should be used to forward the packets. By doing so, they may establish specialized communication channels and avoid network sluggishness. Depending on the switch, several network speeds, such as Fast Ethernet, Gigabit Ethernet, or 10 Gigabit Ethernet, may be supported. They provide superior performance, security, and scalability compared to hubs or repeaters.
NETWORK SWITCHES MARKET: REPORT SCOPE & SEGMENTATION
|
Report Attribute |
Details |
|
Estimated Market Value (2022) |
53.70 Bn |
|
Projected Market Value (2031) |
88.44 Bn |
|
Base Year |
2022 |
|
Forecast Years |
2023 - 2031 |
|
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Switching Port, By End-User, & Region |
|
Segments Covered |
By Type, By Switching Port, By End-User, & Region |
|
Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
|
Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
|
Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
|
Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
|
Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Network Switches Market Dynamics
The use of network switches is being driven by the rising need for fast and dependable data transfer within organizations. The demand for effective networking solutions grows as organizations continue to develop their digital infrastructure and rely on data-intensive applications. The development of IoT devices, cloud computing, and big data analytics further increases the need for reliable network switches that can handle the rising volume of data traffic. In addition, the development of virtualization and software-defined networking (SDN) technologies calls for sophisticated switches that can accommodate these changing topologies.
Global Network Switches Market Drivers
With the rapid growth of data-intensive applications and cloud computing, there is a rising need for data center consolidation. Network switches play a crucial role in connecting and managing multiple servers and devices within data centers, driving the demand for high-performance switches.
Restraints:
As network switches play a critical role in connecting various devices, they become potential targets for cyberattacks. Security vulnerabilities in switches can lead to unauthorized access, data breaches, and service disruptions. The perceived risks associated with network security can hinder the adoption of network switches.
Opportunities:
The proliferation of bandwidth-intensive applications, such as video streaming, online gaming, and virtual reality, drives the demand for high-speed network switches. As more users require faster and more reliable connectivity, network switches supporting high-speed Ethernet standards, such as 25GbE, 40GbE, and 100GbE, have significant growth opportunities.
Segment Overview
By Switching Port
Based on the switching port, the global network switches market is divided into 100 MBE & 1 GBE, 2.5 GBE & 5 GBE, 10 GBE, 25 GBE & 50 GBE, 100 GBE, and 200 GBE & 400 GBE. The 100 GBE category dominates the market with the largest revenue share of around 45.3% in 2022. The demand for high-speed data transmission and the exponential rise in data traffic necessitate network architecture that can handle enormous data quantities. Significant bandwidth capacity is provided by the 100 GBE technology, enabling quicker and more effective data transport. The need for faster network speeds is being driven by the growth of bandwidth-hungry applications like cloud computing, virtualization, and video streaming. Additionally, 100 GBE's cost per gigabit of bandwidth has decreased over time, making it a competitive option for businesses.
By Type
Based on the type, the global network switches market is divided into fixed-configuration switches, managed switches, unmanaged switches, PoE switches, and modular switches. The managed switches category dominates the market with the largest revenue share of around 32.3% in 2022. This dominance may be ascribed to a number of things, including managed switches that offer cutting-edge features and functions to meet the sophisticated networking needs of businesses. In order to facilitate effective network administration and improved performance. The more management and configuration options the managed switches offer, the easier it is for network managers to solve problems, monitor and manage network traffic, and enhance network performance. This degree of control is especially important for companies with extensive and varied network infrastructures.
By End-User
Based on end-user, the global network switches market is divided into data center, cloud service providers, telecom service providers, large enterprise or private cloud, and non-data center. The cloud service provider category is anticipated to grow at a higher CAGR of 6.2% during the forecast period. Because of the upcoming growth, businesses in a variety of sectors are progressively implementing cloud computing solutions to streamline operations, improve scalability, and lower infrastructure costs.
Global Network Switches Market Overview by Region
By Region, the global network switches market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held 37.4%, of revenue share in the global market in 2022, because of technology centers and a booming IT sector, which encourage the adoption of modern networking solutions, a number of reasons contribute to this supremacy. Network switches are more in demand because large businesses and organizations in industries like manufacturing, healthcare, and finance need reliable network infrastructure. The use of cloud computing, the Internet of Things, and other technological innovations have all been pioneered in North America. High-performance network switches are now even more necessary to accommodate the growing data traffic as a result of this.
Global Network Switches Market Competitive Landscape
In the global network switches market, several prominent players hold significant market dominance and possess a strong regional presence. These major players are dedicated to ongoing research and development efforts. Additionally, they actively engage in strategic growth initiatives such as product innovation, product launches, joint ventures, and partnerships. The objective of these organizations is to enhance their market position and expand their customer base, aiming to capture a substantial market share. Some of the leading companies in the global network switches market include Huawei Technologies, HPE Aruba, Alcatel Lucent Enterprise, Juniper Networks, Arista Networks, Netgear, D-Link Corporation, Cisco Systems, Extreme Networks, NVIDIA Corporation, TRENDnet, Lantronix, and various other key players.
Global Network Switches Market Recent Developments
In June 2022, High-performance 400GbE switches from HPE Aruba (US) have been launched and are designed for demanding situations. A state-of-the-art 1U fixed configuration switch, the Aruba CX 9300-32D can offer a staggering 12.8Tbps throughput. It has 32 400GbE ports, giving it the versatility to handle port breakouts for different speeds including 200G, 100G, and 25G. The switch provides dense and dependable 100/200/400GbE connections for servers, storage, and intra-fabric communication with a design that prioritizes scalability and cost-effectiveness.
Scope of the Global Network Switches Market Report
Network Switches Market Report Segmentation
|
ATTRIBUTE |
DETAILS |
|
By Switching Port |
|
|
By Type |
|
|
By End-User |
|
|
By Geography |
|
|
Customization Scope |
|
|
Pricing |
|
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global network switches market segmented by type, by switching port, by end-user, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of network switches between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global network switches market
To find out the factors which are affecting the sales of network switches among consumers
To identify and understand the various factors involved in the global network switches market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
