What Has Been The Evolution of the Network Switches Market in Recent Years?
The network switches market has seen considerable growth due to a variety of factors.
•The market for network switches has seen a solid expansion in recent times. The market size is anticipated to escalate from $35.79 billion in 2024 to $38.1 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 6.5%.
Factors such as a surge in internet accessibility, upgrading of data centers, expansion of cloud computing, need for swift connectivity, and the internationalization of businesses have contributed to growth during the historic period.
What Is the Forecasted Market Size and Growth Rate for The Network Switches Market?
The network switches market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the network switches market is projected to experience robust growth, with estimates suggesting an increase to $51.79 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.0%.
This projected growth within the forecast period is largely due to factors like the uptake of edge computing, growing cybersecurity concerns, the emphasis on network automation, smart city projects, energy conservation, and green networking practices. The forecast period will also witness major trends such as intent-based networking, the integration of edge computing and IoT, multi-gigabit ethernet for wireless access points, cloud-controlled switches, open networking, and the rise of white-box switches.
Which Factors Are Boosting Growth In The Network Switches Market?
The expansion of the network switch market is expected to be powered by the growing adoption of cloud computing. Cloud computing involves the delivery of computer services through the internet, frequently called the cloud, including servers, storage, databases, networking, software, analytics, and intelligence. This move to cloud-based systems is boosting the demand for network switches that possess superior bandwidth and more exceptional management capabilities, as these are necessary for forming connections between cloud servers, storage systems, and end users. For example, it was reported by the Luxembourg-based statistical office of the European Union, Eurostat, in December 2023, that there was a purchase of cloud computing services by 45.2% of European Union enterprises in 2023, marking a 4.2 percentage point increase from 2021. Thus, the adoption of cloud computing acts as a catalyst for the growth of the network switch market.
What Key Areas Define The Segmentation Of The Global 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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How Are Emerging Trends Reshaping The Dynamics Of The Network Switches Market?
The emergence of innovative products is a trend that is increasingly being recognized in the network switch market. Using cutting-edge technology, leading enterprises in this market are striving to reinforce their foothold. For example, Rackus Networks, a firm specializing in software development in the US, introduced the ICX 8200 series in January 2023. This novel collection of scalable, entry-level edge switches offers 25 Gbps uplink ports. The series notably introduces the first entry-level enterprise switch that provides fiber-to-the-room connectivity. The ICX 8200 series has been designed to cater to the future needs of wireless-first and IoT campus networks, with particular emphasis on efficient delivery of wireless services.
Who Are the Key Players in the Network Switches Market?
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 Is The Most Dominant Region 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.
