Network Switches Market by Type (Fixed Configuration Switches, Modular Switches), Network Architecture (Access Port, Hybrid Port, Trunk Port), Functionality, Data Speed, End-User - Global Forecast 2024-2030

Network Switches Market by Type (Fixed Configuration Switches, Modular Switches), Network Architecture (Access Port, Hybrid Port, Trunk Port), Functionality, Data Speed, End-User - Global Forecast 2024-2030

The Network Switches Market size was estimated at USD 33.56 billion in 2023 and expected to reach USD 35.55 billion in 2024, at a CAGR 6.43% to reach USD 51.93 billion by 2030.

Network switches act as the control center that directs data, in terms of packets, to specific areas within a network. They operate at the data link layer, also known as Layer 2, of the open systems interconnection (OSI) model. These devices receive incoming data from multiple inputs and precisely allocate the data to the appropriate output port, thus ensuring effective communication between different devices within the network. The bring your own device (BYOD) in several corporate sectors has instigated unprecedented data traffic, propelling the demand for enhanced network switches. However, the high installation and maintenance costs and data security issues can impede the growth of the network switches market. Nevertheless, the expanding application of network switches in industrial infrastructures, such as smart grid, intelligent rail, security, surveillance, and other utilities with evolving 5G technology, further offers a promising potential for advancing network switches.

Regional Insights

The American market showcases the high demand for network switches due to advanced IT infrastructure and well-established sectors, including telecommunications and banking, financial services, and insurance (BFSI). In addition, the focus on high-speed networking solutions to support the growing demand for data centers and cloud-based services is another facet driving the network switches market in the Americas. The EMEA region, including the European Union countries, the Middle East, and Africa, has stringent regulations and environmental consciousness; therefore, there is increased emphasis on energy-efficient and scalable network solutions. On the other hand, Middle Eastern countries investing in smart city projects, expansion of business operations by multinational companies, and an increasing number of data centers contribute to the growth of the network switches market. In Asia-Pacific, market growth is fueled by increased investments in telecommunication infrastructure, a burgeoning IT sector, and the rising proliferation of connected devices. The region's manufacturing and service industries are undergoing a digital transformation, demanding more effective and efficient network systems and components such as network switches.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Network Switches Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rise in internet penetration and high requirement for efficient management of telecom services
Augmented demand for cloud & edge computing services across developed and emerging economies
Increasing number of data centers operated by telecommunication service providers, cloud-based solution providers, and government agencies

Market Restraints

Bandwidth fluctuation and device compatibility issues associated with the network switches

Market Opportunities

Growing application of network switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities
Continuous development in network switches to ensure network security, agility, and automation

Market Challenges

Presence of self-reliant enhanced data servers to easily access the data

Market Segmentation Analysis

Type: Significant demand for smart network switches
Network Architecture: Increasing penetration of hybrid ports
Functionality: Emerging deployment of Power over Ethernet (PoE) Port
End-User: Proliferating use by the telecommunication providers

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Network Switches Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Network Switches Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Airtel to Deploy Nokia's OTN Switches in Pan-India Long-Distance Network Connecting Major Cities

Airtel teamed up with Nokia to enhance its pan-India long-distance network through the deployment of Optical Transport Network (OTN) switches. This strategic move is aimed at bolstering the network’s capacity, and it follows the increasing demand for high-speed data services and the growth in 4G data traffic.

Edgecore Networks Introduces New Switches with Cutting-Edge Connectivity for Powering Smart Buildings and IoT-enabled Venues

Edgecore Networks announced the launch of its latest collection of switches, which are specifically designed to meet the growing connectivity demands of IoT (Internet of Things) devices. These state-of-the-art network switches are engineered to provide exceptional performance and reliability to support a wide range of IoT applications. The new switches have been meticulously crafted to offer enhanced connectivity solutions that are both flexible and scalable, catering to the diverse requirements of modern smart-device ecosystems.

Broadcom Jericho3-AI Ethernet Switch Launched

Broadcom introduced its new Jericho3 AI Ethernet switch, positioning it as a superior alternative to Nvidia's InfiniBand solutions for AI applications. The Jericho3 AI is specifically designed to tackle the high demands of AI and machine learning workloads, addressing the need for high-bandwidth, low-latency networking. The new Broadcom switch asserts its dominance by leveraging the widespread compatibility and scalability of Ethernet technology.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Network Switches Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Network Switches Market, highlighting leading vendors and their innovative profiles. These include ALE International, Allied Telesis, Inc., ANTAIRA TECHNOLOGIES, LLC, Arista Networks, Inc., Axis Communications AB, B & H Foto & Electronics Corp, Beijer Electronics, Inc., Broadcom Inc., Buffalo Americas, Inc., Cisco Systems, Inc., Comark Technology Co.,Ltd., CommScope, Inc., D-Link Systems, Inc., Dell Inc., Emerson Electric Co., EnGenius Technologies, Inc., Extreme Networks, Inc., Fortinet, Inc., FS.com GmbH, FS.com Inc., Fujitsu Limited, Grandstream Networks, Inc., Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huawei Technologies Co., Ltd., IP Infusion, Juniper Networks, Inc., Lantronix, Inc., Larch Networks Ltd., LINKOH, Linksys Holdings, Inc., Lubi Electronics, Micro Electronics, Inc., Monoprice, Inc., NEC Corporation, NETGEAR Inc., Newegg Inc., NVIDIA Corporation, Omnitron Systems Technology, Inc., Perle, Pica8, Inc., Planet Technology, QNAP Systems, Inc., SALZ Automation GmbH, SonicWall, Inc., STORDIS GmbH, TITAN Commerce Continental Services GmbH, TRENDnet, Inc., VVDN Technologies, and Whaley Communications.

Market Segmentation & Coverage

This research report categorizes the Network Switches Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Fixed Configuration Switches
Managed Switches
Smart Switches
Unmanaged Switches
Modular Switches
Network Architecture
Access Port
Hybrid Port
Trunk Port
Functionality
Combo Port
Power over Ethernet (PoE) Port
Stack Port
Data Speed
10 GbE
100 GbE
100 MbE & 1 GbE
2.5 GbE & 5 GbE
200 GbE & 400 GbE
25 GbE & 50 GbE
End-User
Enterprise & Industrial Use
Servers & Storage Providers
Telecommunication Providers
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year