Network Switches Market Poised to Hit $51.79 Billion by 2029 at a CAGR of 8.0%

Demand for high-speed connectivity and cloud computing fostering growth in the global network switches market

What Is The Projected Market Size Of The Global Network Switches Market And Its Growth Rate?

• The network switches market size has grown strongly in recent years. It will grow from $35.79 billion in 2024 to $38.1 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%
• 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, and globalization of businesses
• The network switches market size is expected to see strong growth in the next few years. It will grow to $51.79 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%.
• 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 trends.

What Is Driving The Growth In The Network Switches Market?

The 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, 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 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, 45.2% of European Union (EU) enterprises purchased cloud computing services in 2023, which represents a 4.2 percentage point rise compared with 2021. Therefore, the adoption of cloud computing is driving the growth of the network switch market.

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Who Are the Key Players Driving Network Switches Market Growth?

• Dell Technologies Inc.
• Huawei Technologies Co.
• 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
• Mellanox Technologies Ltd.
• Allied Telesis Inc.
• Ruckus Networks
• PLANET Technology Corporation
• Alaxala Networks Corp.

What Are The Key Trends In The Network Switches Market?

Key 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
• White-box switches

What Are The Segments Of The Global Network Switches Market?

• By Type: Fixed Configuration Switches, Managed Switches, Unmanaged Switches, PoE Switches, Modular Switches
• 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
• By End User: Telecommunication Providers, Servers And Storage Providers, Enterprise And Industrial Use

Which Region Leads The Network Switches Market?

North America was the largest region in the network switches market in 2024, with Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa following behind.

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What Is Covered In The Network Switches Market Global Market Report?

• Market Size Analysis: Analyze the Network Switches Market size by key regions, countries, product types, and applications.

• Market Segmentation Analysis: Identify various subsegments within the Network Switches Market for effective categorization.

• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

• Market Contribution: Evaluate contributions of different segments to the overall Network Switches Market growth.

• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

• Industry Challenges: Analyze challenges and risks affecting the Network Switches Market.

• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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