Network Switches Market Size
The Network Switches Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Network Switches Market Size and Projected Growth Rate?
In recent times, the market size for network switches has seen a robust growth. Rising from $35.79 billion in 2024, the market is expected to boom to $38.1 billion in 2025, recording a compound annual growth rate (CAGR) of 6.5%. Factors like improved internet accessibility, the modernization of data centers, the rise of cloud computing, need for swift connectivity, and the international expansion of businesses have all contributed to the growth in the preceding time period.
The market size for network switches is predicted to experience considerable growth in the coming years. By 2029, it’s forecasted to reach $51.79 billion with a compound annual growth rate (CAGR) of 8.0%. The growth during this projection period is hypothesized to emerge from the implementation of edge computing, rising cybersecurity interests, the prioritization of network automation, advancements in smart city projects, energy efficiency and the focus on green networking. Some key trends anticipated in the forecast period include the inception of intent-based networking, integration of edge computing and IoT, multi-gigabit ethernet for wireless access points, cloud-managed switches, the adoption of open networking, and the use of white-box switches.
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What Are the Major Segments in the 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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What Are The Driving Network Switches Market Evolution?
Continued adoption of cloud computing is anticipated to stimulate the network switch market’s expansion in the future. The cloud computing concept involves providing computer services over the internet, often referred to as the cloud. This concept covers servers, storage, databases, networking, software, analytics, and intelligence aspects. Transitioning to cloud-based infrastructure fuels the need for network switches with higher bandwidth and superior management features because they are crucial for creating connections between cloud servers, storage systems, and end-users. For example, in December 2023, Eurostat, the statistical agency of the European Union based in Luxembourg, revealed that 45.2% of European Union enterprises bought cloud computing services during that year. This figure is a 4.2 percentage point increase compared to the previous data from 2021. Therefore, the network switch market growth is being facilitated by the rise in cloud computing usage.
Which Firms Dominate The Network Switches Market Segments?
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 Trends Are Expected to Dominate the Network Switches Market in the Next 5 Years?
The network switch market is witnessing a growing trend in product innovations. The leading firms in this market space are leveraging cutting-edge technologies to retain their market standing. An example of this is Rackus Networks, a software development firm based in the US, which introduced the ICX 8200 series in January 2023. This series fundamentally includes entry-level, scalable edge switches equipped with 25 Gbps uplink ports. The series features the pioneering entry-level enterprise switch offering fiber-to-the-room connectivity. Specifically devised to back the upcoming generation of wireless-first and IoT campus networks, the ICX 8200 series is specially optimized to deliver wireless services.
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Which Is The Largest 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Network Switches Market?
2. What is the CAGR expected in the Network Switches Market?
3. What Are the Key Innovations Transforming the Network Switches Industry?
4. Which Region Is Leading the Network Switches Market?
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