Press release
Network Switches Market Share Analysis, Size, Latest Trends, Report, Industry Forecast To 2032
Network Switches Market Analysis
The Business Research Company's Network Switches Global Market Report 2023 identifies adoption of cloud computing as the major driver for the network switches market's growth in the forecast period. 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.
The global network switches market is expected to grow from $31.54 billion in 2022 to $33.90 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The network switches market is expected to reach $44.7 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the network switches market are Dell Technologies Inc, Huawei Technologies Co., Intel Corporation, Cisco Systems Inc., Quanta Computer Incorporated, Broadcom Inc.,
A key trend in the network switches market includes advancements in technology. Major companies operating in the network switch market are using advanced technologies to sustain their position in the market. For instance, in January 2023, Rackus Networks, a US-based software development company, launched the ICX 8200 series, a new line of entry-level, scalable edge switches with 25 Gbps uplink ports. The first entry-level enterprise switch that offers fiber-to-the-room connectivity is part of this series. The ICX 8200 series is a wired platform created to support the next generation of wireless-first and IoT campus networks. It is optimized for the delivery of wireless services.
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The network switches market 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the network switches market.
The Business Research Company's "Global Network Switches Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Network Switches Market Include:
1. Executive Summary
2. Network Switches Market Characteristics
3. Network Switches Market Trends And Strategies
4. Network Switches Market - Macro Economic Scenario
……
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
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