Data Center Switch Market to Reach $24.6 Billion, Globally, by 2031 at 5.9% CAGR: Allied Market Research

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Oct 13, 2022, 09:00 ET

A rise in the adoption of IoT & cloud computing and increase in demand for switch data center security, particularly in developing regions drive the growth of the global data center switch market.

PORTLAND, Ore., Oct. 13, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Data Center Switch Market by End User (Retail, BFSI, IT and Telecom, Government and Defense, Manufacturing, Media and Entertainment, Others), by Product Type (Ethernet, InfiniBand, Others), by Port Speed (10G, 25G, 40G, 100G, 400G, Others), by Switch Type (Core, ToR Switch, Others): Global Opportunity Analysis and Industry Forecast, 2021- 2031". According to the report, the global data center switch industry generated $13.8 billion in 2021, and is anticipated to generate $24.6 billion by 2031, witnessing a CAGR of 5.9% from 2022 to 2031.

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Prime Determinants of Growth

A rise in the adoption of IoT & cloud computing and increase in demand for switch data center security, particularly in developing regions drive the growth of the global data center switch market. However, high operational cost of data centers hinders the market growth. Conversely, increase in smart computing devices presents new opportunities for the market in the coming years.

Covid-19 Scenario

The outbreak of the Covid-19 pandemic had a negative impact on the global data center switch market, owing to implementation of stringent lockdown which led to temporary closure or suspension of production activities in most of the industrial units across the world.
The COVID-19 outbreak caused lag in meeting demands for electronic components from end users as the epicenter of virus outbreak Wuhan, China accounts for the largest manufacturing items of electronic components.
European countries under lockdowns have suffered major loss of businesses and revenues due to the shutdown of manufacturing units in the region. Operations of production and manufacturing industries were heavily impacted by the pandemic, which led to slowdown in the growth of the global data center switch market.

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The Ethernet segment to maintain its leadership status throughout the forecast period

Based on product type, the ethernet segment held the highest market share in 2021, accounting for more than two-thirds of the global data center switch market, and is estimated to maintain its leadership status throughout the forecast period. Companies are launching ethernet layer 2 and layer 3 switches designed for enterprise, branch offices, and small- to medium-size businesses that offer flexibility and easy-to-manage solutions, which drives the segment. However, the infiniband segment is projected to manifest the highest CAGR of 7.6% from 2022 to 2031. This is attributed to the fact that these switches also provide high performance computing to data centers at competitive pricing with maximized results.

The 100G segment to maintain its lead position during the forecast period

Based on port speed, the 100G segment accounted for the largest share in 2021, contributing to nearly one-third of the global data center switch market, and is projected to maintain its lead position during the forecast period. 100G data center switches offer high performance environment that combines scalable L2 & L3 resources and high density with extensive automation and programmatic capabilities. The report also analyses segments including 10G, 25G, 40G, and 400G.

The ToR Switch segment to maintain its lead position during the forecast period

Based on switch type, the ToR Switch segment accounted for the largest share in 2021, contributing to nearly half of the global data center switch market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 6.7% from 2022 to 2031. Rise in demand for Top of Rack switches is expected to help boost the growth of the market. For instance, in June 2022, FS.COM Inc., launched N8560-32C, 32-Port Ethernet L3 Data Center Switch, which supports 32 x 100Gb QSFP28. It is suitable for medium data centers and large enterprise networks.

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global data center switch market, and is likely to dominate the market during the forecast period. Increase adoption of cloud computing and internet service are driving the demand for data center in North America. Moreover, the Europe region is expected to witness the fastest CAGR of 7.3% from 2022 to 2031. This is attributed to the rise in several government initiatives in the region.

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Key Benefits for Stakeholders

This study comprises analytical depiction of the data center ethernet switch market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall data center switch market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The data center switch market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
The Porter's five forces analysis illustrates the potency of the buyers and suppliers in the data center switch.
The report includes the share of key vendors and market trends.

Key Market Segments

End User

Retail
BFSI
IT and Telecom
Government and Defense
Manufacturing
Media and Entertainment
Others

Product Type

Ethernet
InfiniBand
Others

Port Speed

10G
25G
40G
100G
400G
Others

Switch Type

Core
ToR Switch
Others

By Region

North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Singapore, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

Leading Market Players:

Arista Networks, Inc.
Cisco Systems, Inc.
DELL EMC (DELL TECHNOLOGIES)
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Hewlett Packard Enterprise (HPE)
Lenovo Group
Extreme Networks, Inc
Super Micro Computer, Inc.
NVIDIA Corporation (Mellanox Technologies Ltd.)

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