Global Switching Equipment Market Analysis 2024: Size Forecast and Growth Prospects

Market Size –
The switching equipment market size has grown strongly in recent years. It will grow from $44.33 billion in 2023 to $46.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to network expansion, broadband and internet growth, data center modernization, enterprise networking.

The switching equipment market size is expected to see strong growth in the next few years. It will grow to $61.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to 5g deployment, edge computing, cloud computing and data centers, iot and industrial automation. Major trends in the forecast period include cloud data centers, high-performance ethernet switches, wireless backhaul, intent-based networking (ibn), ai and machine learning.

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Scope Of Switching Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Switching Equipment Market Overview

Market Drivers –
The increase in the popularity of IoT devices among the populace will led to a rise in the switching equipment market. IoT is becoming popular as a greater number of people are using smart devices and are mostly working on their errands, office work, communication, sending/receiving messages using smart devices, thus overwriting the traditional way. For instance, in 2021, Socomec, a Low Voltage (LV) Industrial Power Switching specialist based in France, has announced the release of New SIRCOVER with enhanced features in Manual Transfer Switches. All of these critical features are highlighted in the New SIRCOVER, which includes an Increased Terminal Clearance, with Enhanced Termination Capacity through Integrated Spreaders, that enables secure Aluminum termination, as well as Interphase barriers for added operations safety and an ergonomic Retrofit solution for the COS legacy range.

 

The switching equipment market covered in this report is segmented –

1) By End User: Small Enterprises, Medium Enterprises, Large Enterprises
2) By End-Use Industry: Automotive, Healthcare, Telecommunications
3) By Application: Enterprise And Industrial Usage, Telecommunication Providers, Servers And Storage Providers

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Regional Insights –
North America was the largest region in the switching equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the switching equipment market during the forecast period. The regions covered in the switching equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies –
Major companies operating in the switching equipment market include ADVA, Ciena Corporation, Ericsson, Huawei Technologies, Alcatel-Lucent,  ZTE, Infinera Corporation, Fujitsu Limited, ECI Telecom Ltd, Cisco Systems, Inc, Tellabs, Inc, ADTRAN Inc, Aliathon Technology Ltd., NEC Corporation, Huawei Technologies, Nokia Siemens, Cyan, Ekinops, JDS Uniphase Corporation, BTI

Table of Contents
1. Executive Summary
2. Switching Equipment Market Report Structure
3. Switching Equipment Market Trends And Strategies
4. Switching Equipment Market – Macro Economic Scenario
5. Switching Equipment Market Size And Growth
…..
27. Switching Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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