Network Switches Market Size, Share, Industry Trends And Growth Report 2024

Overview and Scope
A network switch refers to hardware that relays data from networks to the destination endpoint using multiport bridge technology and packet switching. A network switch connects users, apps, and equipment to communicate with one another and share resources across the network.

Sizing and Forecast
The network switches market size has grown strongly in recent years. It will grow from $33.9 billion in 2023 to $36.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased internet penetration, data center modernization, growth of cloud computing, demand for high-speed connectivity, globalization of businesses.

The network switches market size is expected to see strong growth in the next few years. It will grow to $48.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to edge computing adoption, increasing cybersecurity concerns, focus on network automation, smart city initiatives, energy efficiency and green networking. Major trends in the forecast period include intent-based networking, edge computing and iot integration, multi-gigabit ethernet for wireless access points, cloud-managed switches, open networking and white-box switches.

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Segmentation & Regional Insights
The network switches market covered in this report is segmented –
1) By Type: Fixed Configuration Switches, Managed Switches, Unmanaged Switches, PoE Switches, Modular Switches
2) By Switching Port: 100 MBE And 1 GBE, 2.5 GBE And 5 GBE, 10 GBE, 25 GBE And 50 GBE, 100 GBE, 200 GBE And 400 GBE
3) By End User: Telecommunication Providers, Servers And Storage Providers, Enterprise And Industrial Use

North America was the largest region in the network switches market in 2023. The regions covered in the network switches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Adoption of cloud computing is expected to propel the growth of the network switch market going forward. Cloud computing encompasses the provision of computer services via the internet (commonly referred to as the cloud), encompassing servers, storage, databases, networking, software, analytics, and intelligence. The shift towards cloud-based infrastructure drives the demand for network switches with higher bandwidth and better management capabilities, as they are essential for establishing connectivity between cloud servers, storage systems, and end-users. For instance, in December 2021, according to Eurostat, a Europe-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5% compared to 2020. Therefore, the adoption of cloud computing is driving the growth of the network switch market.

Key Industry Players
Major companies operating in the network switches market report are Dell Technologies Inc, Huawei Technologies Co., Intel Corporation, Cisco Systems Inc., Quanta Computer Incorporated, Broadcom Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, NEC Corporation, ALE International SAS, ZTE Corporation, Microchip Technology Inc., Juniper Networks Inc., Super Micro Computer Inc., Fortinet Inc., Arista Networks Inc., Ciena Corporation, Avaya LLC, Advantech Co. Ltd., Ubiquiti Inc., Extreme Networks, Adtran Inc., Netgear Inc., D-Link Corporation, Belkin International Inc., Mellanox Technologies Ltd., Allied Telesis Inc., Ruckus Networks, PLANET Technology Corporation, Alaxala Networks Corp.

The network switches market report table of contents includes:
1. Executive Summary
2. Network Switches Market Characteristics
3. Network Switches Market Trends And Strategies
4. Network Switches Market - Macro Economic Scenario
5. Global Network Switches Market Size and Growth
….
32. Global Network Switches Market Competitive Benchmarking
33. Global Network Switches Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Network Switches Market
35. Network Switches Market Future Outlook and Potential Analysis
36. Appendix