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Network Switches Market worth $51.93 billion by 2030, growing at a CAGR of 6.43% - Exclusive Report by 360iResearch
Network Switches Market | 360iResearch
The Global Network Switches Market to grow from USD 33.56 billion in 2023 to USD 51.93 billion by 2030, at a CAGR of 6.43%.
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Network switches act as the control center that directs data, in terms of packets, to specific areas within a network. They operate at the data link layer, also known as Layer 2, of the open systems interconnection (OSI) model. These devices receive incoming data from multiple inputs and precisely allocate the data to the appropriate output port, thus ensuring effective communication between different devices within the network. The bring your own device (BYOD) in several corporate sectors has instigated unprecedented data traffic, propelling the demand for enhanced network switches. However, the high installation and maintenance costs and data security issues can impede the growth of the network switches market. Nevertheless, the expanding application of network switches in industrial infrastructures, such as smart grid, intelligent rail, security, surveillance, and other utilities with evolving 5G technology, further offers a promising potential for advancing network switches.
The American market showcases the high demand for network switches due to advanced IT infrastructure and well-established sectors, including telecommunications and banking, financial services, and insurance (BFSI). In addition, the focus on high-speed networking solutions to support the growing demand for data centers and cloud-based services is another facet driving the network switches market in the Americas. The EMEA region, including the European Union countries, the Middle East, and Africa, has stringent regulations and environmental consciousness; therefore, there is increased emphasis on energy-efficient and scalable network solutions. On the other hand, Middle Eastern countries investing in smart city projects, expansion of business operations by multinational companies, and an increasing number of data centers contribute to the growth of the network switches market. In Asia-Pacific, market growth is fueled by increased investments in telecommunication infrastructure, a burgeoning IT sector, and the rising proliferation of connected devices. The region's manufacturing and service industries are undergoing a digital transformation, demanding more effective and efficient network systems and components such as network switches.
Market Segmentation & Coverage:
This research report categorizes the Network Switches Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Fixed Configuration Switches and Modular Switches. The Fixed Configuration Switches is further studied across Managed Switches, Smart Switches, and Unmanaged Switches. The Modular Switches is projected to witness significant market share during forecast period.
Based on Network Architecture, market is studied across Access Port, Hybrid Port, and Trunk Port. The Access Port is projected to witness significant market share during forecast period.
Based on Functionality, market is studied across Combo Port, Power over Ethernet (PoE) Port, and Stack Port. The Combo Port is projected to witness significant market share during forecast period.
Based on Data Speed, market is studied across 10 GbE, 100 GbE, 100 MbE & 1 GbE, 2.5 GbE & 5 GbE, 200 GbE & 400 GbE, and 25 GbE & 50 GbE. The 100 GbE is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Enterprise & Industrial Use, Servers & Storage Providers, and Telecommunication Providers. The Servers & Storage Providers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.16% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Network Switches Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Network Switches Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Network Switches Market, highlighting leading vendors and their innovative profiles. These include ALE International, Allied Telesis, Inc., ANTAIRA TECHNOLOGIES, LLC, Arista Networks, Inc., Axis Communications AB, B & H Foto & Electronics Corp, Beijer Electronics, Inc., Broadcom Inc., Buffalo Americas, Inc., Cisco Systems, Inc., Comark Technology Co.,Ltd., CommScope, Inc., D-Link Systems, Inc., Dell Inc., Emerson Electric Co., EnGenius Technologies, Inc., Extreme Networks, Inc., Fortinet, Inc., FS.com GmbH, FS.com Inc., Fujitsu Limited, Grandstream Networks, Inc., Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huawei Technologies Co., Ltd., IP Infusion, Juniper Networks, Inc., Lantronix, Inc., Larch Networks Ltd., LINKOH, Linksys Holdings, Inc., Lubi Electronics, Micro Electronics, Inc., Monoprice, Inc., NEC Corporation, NETGEAR Inc., Newegg Inc., NVIDIA Corporation, Omnitron Systems Technology, Inc., Perle, Pica8, Inc., Planet Technology, QNAP Systems, Inc., SALZ Automation GmbH, SonicWall, Inc., STORDIS GmbH, TITAN Commerce Continental Services GmbH, TRENDnet, Inc., VVDN Technologies, and Whaley Communications.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Network Switches Market, by Type
7. Network Switches Market, by Network Architecture
8. Network Switches Market, by Functionality
9. Network Switches Market, by Data Speed
10. Network Switches Market, by End-User
11. Americas Network Switches Market
12. Asia-Pacific Network Switches Market
13. Europe, Middle East & Africa Network Switches Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Network Switches Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Network Switches Market?
3. What is the competitive strategic window for opportunities in the Network Switches Market?
4. What are the technology trends and regulatory frameworks in the Network Switches Market?
5. What is the market share of the leading vendors in the Network Switches Market?
6. What modes and strategic moves are considered suitable for entering the Network Switches Market?
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About 360iResearch
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