The Network Switches Global Market Report 2023, provides comprehensive information on the network switches market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Network Switches Market’s Growth:
The global network switches market is expected to grow from $31.54 billion in 2022 to $33.90 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The network switches market is expected to reach $44.7 billion in 2027 at a CAGR of 7.2%.
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Advancements in technology are a key trend gaining popularity in the network switch market. Major companies operating in the network switch market are using advanced technologies to sustain their position in the market. For instance, in January 2023, Rackus Networks, a US-based software development company, launched the ICX 8200 series, a new line of entry-level, scalable edge switches with 25 Gbps uplink ports. The first entry-level enterprise switch that offers fiber-to-the-room connectivity is part of this series. The ICX 8200 series is a wired platform created to support the next generation of wireless-first and IoT campus networks. It is optimized for the delivery of wireless services.
The network switches market is segmented:
1) By Type: Fixed Configuration Switches, Managed Switches, Unmanaged Switches, PoE Switches, Modular Switches
2) By Switching Port: 100 MBE And 1 GBE, 2.5 GBE And 5 GBE, 10 GBE, 25 GBE And 50 GBE, 100 GBE, 200 GBE And 400 GBE
3) By End User: Telecommunication Providers, Servers And Storage Providers, Enterprise And Industrial Use
Top Major Players:
Dell Technologies Inc
Huawei Technologies Co
Cisco Systems Inc
Quanta Computer Incorporated
North America was the largest region in the network switches market in 2022.
The table of contents in TBRC’s network switches market report includes:
1. Executive Summary
2. Network Switches Market Characteristics
3. Network Switches Market Trends And Strategies
4. Network Switches Market – Macro Economic Scenario
5.Global Network Switches Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
32. Global Network Switches Market Competitive Benchmarking
33. Global Network Switches Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Network Switches Market
35. Network Switches Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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