Emerging Trends to Drive Network Switches Market Growth at 7.8% CAGR Through 2029

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Network Switches Market Size Growth Forecast: What to Expect by 2025?
The market size for network switches has seen significant expansion in the last few years. It is projected to escalate from $35.79 billion in 2024 to $37.78 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.6%. The surge during the historic era can be credited to enhanced internet accessibility, modernization of data centers, the rise of cloud computing, the need for high-speed connections, and the international expansion of businesses.

How Will the Network Switches Market Size Evolve and Grow by 2029?
In the coming years, the network switches market is forecasted to experience significant growth, escalating to $50.95 billion in 2029 with a compound annual growth rate (CAGR) of 7.8%. This predicted growth during the forecast period can be linked to the adoption of edge computing, rising cybersecurity issues, emphasis on network automation, initiatives for smart cities, energy efficiency, and green networking. Key trends expected to shape the forecast period encompass intent-based networking, integration of edge computing and IoT, multi-gigabit ethernet for wireless access points, cloud-managed switches, open networking, and white-box switches.

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What Drivers Are Propelling the Growth of Network Switches Market Forward?
The growth of the network switch market is predicted to be driven by the increasing adoption of cloud computing. Cloud computing entails the delivery of computing services via the internet, often referred to as 'the cloud'. These services range from servers and storage to databases, networking, software, analytics, and intelligence. The trend towards cloud-based solutions fuels the demand for network switches with superior bandwidth and improved management functionalities. These switches play a vital role in establishing connections between cloud servers, storage systems, and end-users. As per data from Eurostat, a statistical agency based in Luxembourg representing the European Union, in December 2023, 45.2% of European Union enterprises invested in cloud computing services in 2023. This showcases a 4.2 percentage point growth in comparison to 2021. Hence, the uptake of cloud computing serves as a significant determinant of the network switch market's expansion.

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What Are the Key Trends Driving Network Switches Market Growth?
One significant trend increasingly observed in the network switch market is the introduction of product innovations. Major firms in this market are leveraging advanced technologies to maintain their market position. Take for instance, Rackus Networks, a software development company based in the US, unveiled the ICX 8200 series in January 2023. This new series consists of entry-level, scalable edge switches that boast 25 Gbps uplink ports, marking it as the initial entry-level enterprise switch providing fiber-to-the-room connectivity. The ICX 8200 series, designed to cater to the forthcoming generation of wireless-first and IoT campus networks, has been optimized specifically for wireless services deployment.

What Are the Key Segments in the Network Switches Market?
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

Subsegments:
1) By Fixed Configuration Switches: Layer 2 Switches, Layer 3 Switches
2) By Managed Switches: Smart Managed Switches, Fully Managed Switches
3) By Unmanaged Switches: Plug-And-Play Switches
4) By PoE Switches (Power Over Ethernet): PoE Switches (Standard), PoE+ Switches (Enhanced)
5) By Modular Switches: Chassis-Based Switches, Stackable Switches

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Who Are the Key Players Shaping the Network Switches Market's Competitive Landscape?
Major companies operating in the network switches market include 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 Geographic Markets Are Powering Growth in the Network Switches Market?
North America was the largest region in the network switches market in 2024. 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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