Network Switches Global Market Report 2024

A network switch is a crucial hardware component facilitating efficient data relay between networks and destination endpoints through multiport bridge technology and packet switching. It serves as a vital link connecting users, applications, and equipment, enabling seamless communication and resource sharing across the network.

In the realm of network switches, several key types exist, including fixed configuration switches, managed switches, unmanaged switches, POE switches, and modular switches. Fixed-configuration switches have a predetermined number of ports, often non-expandable. Examples include switches with 8 gigabit and 16 Ethernet ports, making them ideal for small networks with budget constraints and corporate applications. These switches cater to various switching ports, such as 100 MbE and 1 GbE, 2.5 GbE and 5 GbE, 10 GbE, 25 GbE and 50 GbE, 100 GbE, and 200 GbE and 400 GbE, catering to the diverse needs of telecommunication providers, servers and storage providers, as well as enterprise and industrial applications.

The network switches market research report is one of a series of new reports from The Business Research Company that provides network switches market statistics, including the network switches industry's global market size, regional shares, competitors with a network switches market share, detailed network switches market segments, market trends, and opportunities, and any further data you may need to thrive in the network switches industry. This network switches market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The network switches market size has grown strongly in recent years. It will grow from $33.9 billion in 2023 to $36.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion witnessed in the preceding period can be ascribed to heightened internet accessibility, the modernization of data centers, the surge in cloud computing, the need for accelerated connectivity, and the global expansion of businesses.

The network switches market size is expected to see strong growth in the next few years. It will grow to $48.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the upcoming period is linked to the adoption of edge computing, rising apprehensions about cybersecurity, emphasis on network automation, smart city initiatives, and the prioritization of energy efficiency and green networking. Key trends projected for the forecast period encompass intent-based networking, integration of edge computing and IoT, adoption of multi-gigabit Ethernet for wireless access points, the prevalence of cloud-managed switches, and the prominence of open networking and white-box switches.

The anticipated growth of the network switch market is expected to be propelled by the widespread adoption of cloud computing. Cloud computing, defined as the delivery of various computer services over the internet, encompasses servers, storage, databases, networking, software, analytics, and intelligence. The transition to cloud-based infrastructure is generating a heightened demand for network switches characterized by increased bandwidth and enhanced management capabilities. These switches are crucial for establishing connectivity among cloud servers, storage systems, and end-users. Notably, as of December 2021, Eurostat reported a 41% adoption rate of cloud computing among EU enterprises, showcasing a 5% increase compared to the previous year. This adoption trend, particularly for hosting e-mail systems and storing electronic files, is a significant factor contributing to the growth of the network switch market.

The escalating adoption of Internet of Things (IoT) devices is poised to drive the growth of the network switches market. IoT refers to a network of interconnected physical devices that communicate and exchange data over the internet. Network switches play a crucial role in delivering scalable, secure, and high-performance connectivity for the expanding array of IoT devices. These switches facilitate efficient data management, support edge computing, and contribute to ensuring the reliability and security of IoT deployments. As of May 2023, Dataprot reported over ten billion active IoT devices, with a projected increase to 25.4 billion by 2030. This surge in IoT device adoption is a significant driver for the growth of the network switches market.

A prominent trend gaining traction in the network switch market is the focus on product innovations, with major companies leveraging advanced technologies to maintain their market standing. Notably, Rackus Networks, a US-based software development company, exemplified this trend by introducing the ICX 8200 series in January 2023. This innovative line of entry-level, scalable edge switches features 25 Gbps uplink ports and represents the first enterprise switch in its category to provide fiber-to-the-room connectivity. The ICX 8200 series is strategically designed to support the evolving needs of wireless-first and Internet of Things (IoT) campus networks, emphasizing optimization for wireless service delivery.

Leading companies in the network switches market are investing in the development of cutting-edge technologies, such as ethernet platforms, to gain a competitive advantage. In May 2023, Nvidia Corporation, a US-based software company, launched the NVIDIA Spectrum-X platform. This platform enhances the performance and efficiency of ethernet-based AI clouds by integrating the advanced NVIDIA Spectrum-4 Ethernet switch with the BlueField-3 Data Processing Unit (DPU). The result is a significant 1.7x improvement in overall AI performance and power efficiency. The Spectrum-X platform, supported by Nvidia's acceleration software and development kits, enables the creation of software-defined, cloud-native AI applications, streamlining run-times for extensive generative AI models. Its versatility, interoperability with Ethernet-based stacks, and the unprecedented 51Tb/sec capacity of the Spectrum-4 switch make it a powerful solution. Advanced RoCE extensions and automated fabric validation ensure multi-tenancy with performance isolation, delivering superior AI performance visibility.

In February 2022, Juniper Networks Inc., a US-based networking solutions company, acquired WiteSand Systems Inc. The acquisition enhanced Juniper's capabilities in delivering next-generation Network Access Control (NAC) solutions by integrating WiteSand's cloud-native zero trust technology. This strategic move strengthened Juniper's AI-driven enterprise portfolio and underscored its commitment to disrupting the NAC space with cloud agility and AI-driven intelligence. WiteSand Systems Inc., known for its expertise in cloud-based network operations and zero trust network access control, further fortified Juniper Networks' position in providing innovative solutions for wired and wireless enterprise networking. The acquisition marked a significant step towards advancing Juniper's vision for an intelligent and secure networking landscape.

Major companies operating in the network switches market report are Dell Technologies Inc., Huawei Technologies Co., Intel Corporation, 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, Belkin International Inc., Mellanox Technologies Ltd., Allied Telesis Inc., Ruckus Networks, PLANET Technology Corporation, Alaxala Networks Corp.

North America was the largest region in the network switches market in 2023. The regions covered in the network switches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the network switches market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The network switches market consists of sales of layer 3 switches and stackable switches. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Network Switches Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on network switches market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for network switches ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The network switches market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Dell Technologies Inc; Huawei Technologies Co.; Intel Corporation; Cisco Systems Inc.; Quanta Computer Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.