$45+ Billion Network Switches (Fixed Configuration, Modular) Markets - Global Forecast to 2028 - Increasing Need for Simplified Networking Communication Management to Boost Market Prospects

DUBLIN, March 28, 2023 /PRNewswire/ -- The "Network Switches Market - Global Forecast to 2028" report has been added to  ResearchAndMarkets.com's offering.

The network switches market is projected to grow from USD 33.0 billion in 2023 and is projected to reach USD 45.5 billion by 2028; it is expected to grow at a CAGR of 6.6 % from 2023 to 2028.

The need for simplified networking communication management and automation and growing investments in digital platforms coupled with the augmented global demand for data centers is expected to fuel the growth of the network switches market.

However, the high operational cost of network switches limits the growth of the network switches market.

Large Enterprise or Private Cloud segment to hold the largest share of the network switches market for data centers during the forecast period

The network switches market for the data center end-user segment is includes telecom service providers, cloud service providers, and large enterprises or private clouds.

A large majority of enterprises use or are planning to use hybrid cloud infrastructure to maintain tight control over mission-critical data. As a result, for several enterprises, the hybrid cloud runs in multiple different types of data centers. Connecting to a hybrid cloud means connecting many or all these types of data centers, thereby pushing the need for network switching solutions.

Growing penetration of digital services across several industry verticals has resulted in the increased demand for data centers for storage, computing, and network management. This, in turn, will propel the demand for network switches.

Market for 100 MBE & 1 GBE switching port segment is expected to account for the largest share during the forecast period

The market for 100 MBE & 1 GBE switching port segment is expected to account for the largest share of the network switches market during the forecast period.

This can be attributed to the increasing adoption of 100 MBE & 1 GBE switching ports in non-data center applications like small businesses, campuses of universities, and k-12 schools. For many small businesses, a 1 GbE switch is sufficient when transferring data. These devices support a bandwidth of up to 1000Mbps which is a drastic improvement on the 100Mbps of Fast Ethernet.

Market for telecom service providers of the data center segment to exhibit the highest growth during the forecast period

Significant growth in the telecommunications industry across the globe is one of the key factors driving the growth of the network switches market.

The increasing need for advanced high-availability switching for network infrastructure is also providing a boost to market growth. Telecommunication systems have rapidly transformed with increasing demand for data connectivity in the last few years.

Managing these systems has become tedious not only in infrastructure and functionality management but also in scope management. With the help of network switches, one can keep track of telecom infrastructure and provide real-time visibility and makes remote troubleshooting possible.

Europe to hold a significant share of the network switches market during the forecast period

Europe is expected to hold a significantly large share of the network switches market during the forecast period. The countries that constitute a major portion of the network switches market in Europe include the Germany, UK, Italy.

The European network switch market is expected to witness significant growth opportunities, as the major players in the region are focusing on expanding their presence in various verticals. The rising adoption of cloud-based services is helping in the growth of retail and wholesale colocation services in the market.

The market is witnessing increased demand for colocation spaces across existing and upcoming data centers. The increase in the demand for colocation spaces is in turn likely to provide a boost to the adoption of network switches for enhancing connectivity.

Premium Insights

• Need for Simplified Networking Communication Management to Boost Market
• Fixed Configuration Switches to Hold Larger Market Share During Forecast Period
• 200 Gbe & 400 Gbe Segment to Grow at Highest CAGR During Forecast Period
• Data Center Segment to Grow at Higher CAGR During Forecast Period
• Network Switches Market to Grow at Highest CAGR in Asia-Pacific During Forecast Period
• China and Fixed Configuration Switches Held Largest Market Shares, by Country and Type, Respectively, in 2022
• China to Record Highest CAGR in Network Switches Market During Forecast Period

Market Dynamics

Drivers

• Need for Simplified Networking Communications Management and Automation
• Augmented Global Demand for Data Centers
• Growing Investments in Digital Platforms

Restraints

• Susceptibility of Network Switches to Security Attacks due to Technological Complexities

Opportunities

• Rising Data Volumes Across Enterprises
• Exponential Growth in Number of Devices and Technologies That Require Network Connectivity

Challenges

• High Operational Cost of Network Switches
• Lack of Trained Employees for Handling Network Switches

Value Chain Analysis

• Experts Responsible for Planning and Revising Funds
• Research and Development Engineers
• Hardware Providers
• System Integrators and Resellers
• Distributors and Suppliers

End-Users

• After-Sales Service Providers

Case Studies

• Carilion Clinic Improved Network Performance with Cisco Catalyst Series Switches
• Albert Magnus Implemented Commscope's Ruckus Series Network Switches to Achieve Better Wi-Fi Experience
• Multinational Media Company Leveraged Switches from Kyndryl to Upgrade Network Infrastructure
• Hotel in Malaysia Upgraded Security Levels with Volktek's Poe Switches
• Alarmpro Helped Food Processing Company Eliminate Network Downtime and Enable Round-The-Clock Efficiency

Technology Analysis

Key Technologies

• Terabit Switching Technology
• Ai/Ml Technology
• Security Services
• Remote Management Services

Adjacent Technologies

• Co-Packaged Optics (Cpo)
• Esnet6

Company Profiles

Key Players

• Huawei Technologies
• Juniper Networks
• Cisco Systems
• Arista Networks
• Hpe Aruba
• D-Link Corporation
• Netgear
• Extreme Networks
• Nvidia Corporation
• Trendnet, Inc.
• Lantronix

Other Players

• Alcatel-Lucent Enterprise
• IBM Corporation
• Dell Technologies
• Pica8, Inc.
• Larch Network, Ltd.
• Stordis
• Ip Infusion
• Buffalo Americas Inc.
• Linksys Holdings, Inc.
• Telefly Telecommunications Equipment Co. Ltd.
• Allied Telesis, Inc.
• Moxa Inc.
• Black Box Corporation
• Belden Inc.
• Tp-Link Corporation Limited

For more information about this report visit https://www.researchandmarkets.com/r/lwfenc

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