Press release
Managed Switches Market is Anticipated to Reach US$ 39.4 billion by 2032
Managed Switches Market
Managed switches are network switches that interconnect nodes and transfer data at Ethernet standard rates. They function as a central hub between printers, computers, storage arrays, and scanners, connecting them to the Local Area Network (LAN).
The benefit of using a managed switch over a router is that it allows connecting more than one device over the LAN by making more than one switch port available. Managed network switches enable efficient methods of sharing information and allocating resources, thereby enhancing overall productivity and increasing business revenue.
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Key Takeaways from Managed Switches Market Study
The North America managed switches market is projected to expand at an impressive CAGR of 7.9% and create an absolute dollar opportunity of US$ 6.7 billion by 2032.
The global managed switches market registered 4.6% CAGR for the period of 2017-2021.
Under number of ports, 16-24 port managed switches dominate the market and are valued at US$ 5.1 billion in 2022.
PoE device type dominated the market with 63% market share in 2021.
Together, the electric & electronics and IT & telecommunication end-use industries are likely to represent 41.4% market share in 2022.
Based on region, demand for managed switches is expected to increase at CAGRs of 10.1% and 5.4%, respectively, in South Asia & Oceania and Latin America.
Technological intervention and new smart device development are progressing at a fast pace, parallelly driving demand for managed switches. A factor that has significant importance in the increasing demand for managed switches is their advanced security and manageability.
What Do Managed Switch Manufacturers Need to Watch Out For?
"Lack of Trained Professionals and High Costs Involved in Maintaining & Updating Managed Switches"
Lack of trained professionals to assist in implementing managed switches is restraining the growth of this market. Also, due to the costs involved in maintaining and updating the entire network resources, business organizations are reluctant in deploying managed switches
To learn more about Managed Switches Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7543
Even though no electronic device can be 100% efficient, maximizing the output and performance is important, and remains a challenging task, to which, managed Ethernet switches are no exception. Complexity in the designing process continues to be one of the major challenges.
Even when gigabit-managed switch ports are not actively operational, they consume a certain amount of power, which leads to additional operational costs. High costs associated with the complexity in design and high energy consumption of managed switches may undermine market potential.
Key Segments Covered in Managed Switches Industry Survey
By Number of Ports : Less than 8 Ports, 8-16 Ports, 16-24 Ports, 24-48 Ports, Above 48 Ports
By Switch Speed : less 500 Mbps, 500mbps - 1 Gbps, 1-10 Gbps, 10-50 Gbps, Above 10 Gbps
By Layer Type : Layer 2, Layer 3
By Switches Type : Stackable Managed Switches, Standalone Managed Switches
By Device Type : PoE, Non-PoE
By Sales Channel : Online Sales, Company-based Websites, e-commerce Platforms, Offline Sales, Specialty Stores, Electronics Device Stores, Others
By End-use Industry : Aerospace & Defense, Automation & Robotics, Academics & Research, Electric & Electronics, Healthcare & Life Sciences, IT &Telecommunication, Manufacturing, Logistics & Warehousing, Retail & Consumer Goods, Others
Browse Full Report@ https://www.factmr.com/report/managed-switches-market
Competitive Landscape
Prominent manufacturers of managed switches include Alcatel-Lucent, Allied Telesis Inc., Arista, Beckhoff Automation, NETGEAR, Inc., Brocade Communication Systems Inc., Cisco Systems Inc., Dell Technologies, D-Link Corporation, Eaton Corporation, Hewlett-Packard, H3C, Honeywell International, HP Enterprise, Huawei Technologies, Juniper Networks, ODM Direct, Parker Hannifin Corporation, Siemens SE, TP-Link, and TRENDnet, Inc.
Recent News
April 2022: NETGEAR introduced smaller M4250 desktop switches designed for quick installation in various applications with limited space. They also launched the new NETGEAR Engage™ Controller application.
June 2022: Cisco began offering users of catalyst switches a three-step path to the cloud, which includes cloud monitoring capabilities for certain catalyst switches, cloud-manageable Wi-Fi 6E access points for specific catalyst wireless devices, and fully cloud-managed access networks combining catalyst switches with Meraki cloud management.
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