Multi-Gigabit Switch Market Size, Share, Opportunities, And Trends By Type (Unmanaged, Managed), By Network Speed (1GbE, 2.5GbE, 5GbE, 10GbE), By Port Type (Trunk Port, Access Port, Hydrid Port, Others), By Enterprise Size (Small, Medium, Large), And By Geography - Forecasts From 2025 To 2030

Multi-Gigabit Switch Market Size:

The multi-gigabit switch market is projected to grow at a CAGR of 6.48% over the forecast period, increasing from US$958.566 million in 2025 to US$1,312.350 million by 2030.

Multi-Gigabit Switch Market Highlights:

• Rising demand for high-speed connectivity fuels multi-gigabit switch adoption.
• Cloud computing growth drives the need for robust network infrastructure solutions.
• Advanced switch technologies support seamless data transfer in enterprises.
• IoT and 5G expansion increase reliance on multi-gigabit switches.

Multi-Gigabit Switch Market Overview:

Multi-gigabit switches are network switches that support multi-gigabit Ethernet speeds. These switches, which have multi-gigabit ports and can handle higher bandwidth requirements, serve as essential components for building robust and future-proof networks. Booming high-speed network connectivity has emerged as a significant driving force behind the substantial growth of the multi-gigabit switch industry. The market is constantly evolving with advancements in Ethernet standards, moving from 10G to faster speeds like 25G and 40G. Additionally, integrating emerging technologies such as artificial intelligence (AI) and machine learning is enhancing switch capabilities and improving network performance and efficiency.

Increasing awareness of the possible economic and social benefits of developing and applying AI is spreading globally. For example, it is estimated that 26% of China’s and 10% of the U.K.'s GDPs will be sourced from AI-related activities and businesses in 2030. The increasing adoption of cloud computing necessitates high-speed connectivity for data transfer and access to cloud services. The growth of data centers, driven by the need to store and process massive amounts of data, also creates a strong demand for high-bandwidth infrastructure. In this regard, as of July 2024, China has rolled out an action plan for the green development of data centers, providing a set of targets to hasten the sector’s low-carbon transition.

Some of the key market players are Net Gear, TP-Link Corporation Limited, Cisco, D-Link Corporation, etc. Cisco offers Cisco Catalyst C1000-48T Ethernet and Cisco Catalyst 4500-X WS-C4500X, among others. D-Link Corporation is offering 5-Port 2.5G Multi-Gigabit Desktop Switch, 8-Port 2.5G Multi-Gigabit Desktop Switch, etc.

Multi-Gigabit Switch Market Drivers:

• Growth in cloud computing

The rising adoption of cloud computing is a key driver for the multi-gigabit switch market growth. As businesses increasingly rely on cloud services for storage, computing, and collaboration, the amount of data transferred to and from the cloud increases significantly. This necessitates higher bandwidth connections to ensure fast and reliable data transfer.

The U.S. government spent over $100 billion on information technology (IT) in fiscal year 2022, despite spending more than $12 billion on cloud services. A large chunk of money was spent on maintaining legacy systems with higher exposure to hacking, and whose maintenance is costly.

Additionally, according to a report by Oliver Wyman and NASSCOM, India's public cloud spending has the potential to expand at a CAGR of 27% over the next five years (2022 onwards) because of increased spending in IaaS and PaaS services in line with global markets

• Surging high-speed network connectivity bolsters the multi-gigabit switch market growth.

The multi-gigabit switch is at the leading edge of high-speed network connectivity, serving as a critical infrastructure component for organizations dealing with ever-increasing data demands. This advanced networking device outperforms the standard 1 Gigabit per second speed, providing a variety of faster data transfer rates, including 2.5 Gbps, 5 Gbps, and 10 Gbps. The increasing demand for high-speed network connectivity is fuelling the demand for multi-gigabit switches. For instance, PLANET Technology Communication’s “MGS-910X” multigigabit Ethernet switch is a cost-effective switch with eight 10/100/1G/2.5GMbps ports and one 10GBASE-X SFP+ uplink port, allowing to enter the 2.5G generation and high-speed network connectivity on an affordable basis.

• Rise in Wi-Fi 6 and Wireless Connectivity drives multi-gigabit switch market growth.

Multi-gigabit switches are essential for providing the wired infrastructure necessary to support these high-speed wireless connections. With the adoption of Wi-Fi 6, wireless access points can deliver multi-gigabit wireless speeds. The introduction of the latest generation of Wi-Fi Certified 6TM marked the start of a new era for Wi-Fi, and regulators around the world are allocating new spectrum in the 6 GHz band for unlicensed use, establishing the way for Wi-Fi 6E to deliver an ever-increasing number of benefits to businesses and consumers.

• Booming support for 2.5GBASE-T and 5GBASE-T technologies drives the multi-gigabit switch market expansion.

Multi-gigabit switches play a vital role in Ethernet standards. The support for 2.5GBASE-T and 5GBASE-T technologies in the multi-gigabit switch market is growing, considering these options provide a balance between increased speed, cost-effectiveness, and compatibility, making them attractive solutions for organizations seeking to enhance their network capabilities gradually and efficiently.

Multi-Gigabit Switch Market Segmentation Analysis:

• By type, the managed segment is growing substantially

The multi-gigabit managed switch market is poised for significant growth, driven by the increasing demand for high-speed network infrastructure across various sectors. This market segment, which encompasses switches capable of supporting data transfer rates from 1 Gbps to 100 Gbps and beyond, has become essential in modern enterprise networks, data centers, and service provider environments. The growth is primarily attributed to the exponential rise in data traffic and the complexity of network environments as organizations undergo digital transformation.

As businesses increasingly adopt cloud computing and data-intensive applications, the need for efficient, manageable switches has surged. Multi-gigabit managed switches provide the necessary speed, capacity, and control features to handle massive data flows generated by IoT devices and multimedia content while allowing network administrators to optimize performance and enhance security.

Key growth drivers include the proliferation of virtualization technologies, such as server virtualization and software-defined networking (SDN), necessitating high-performance managed switches that support dynamic configurations. Additionally, the rapid adoption of cloud services has intensified both north-south and east-west traffic within data centers. This shift has created a demand for switches to efficiently manage this increased traffic while providing granular control over network resources.

Furthermore, as organizations invest in advanced networking solutions to support their digital transformation initiatives, there is a growing trend towards programmable and software-defined switches that offer enhanced visibility and control.

• Small enterprises are expected to gain a large market share

Small businesses are becoming more dependent on bandwidth-intensive applications such as video conferencing, cloud collaboration tools, and streaming services. These applications require much more bandwidth than traditional applications, and thus, multi-gigabit switches are a must. By providing the necessary bandwidth, multi-gigabit switches ensure smooth and efficient operations for small businesses, allowing them to communicate effectively and maintain a competitive edge.

As per the Annual Report of MSME (Government of India), there were 3.31 lakh small enterprises in India in 2023, of which 2.53 lakh were in urban areas and 0.78 lakh were in rural areas.

The demand for multi-gigabit switches in the small business market has also been significantly affected by the rise of cloud computing. Small businesses increasingly adopt cloud-based services for email, storage, and other applications.

Cloud computing requires high-speed connectivity to ensure fast and reliable access to cloud resources. Multi-gigabit switches provide the necessary bandwidth to support these cloud-based operations, enabling seamless integration with cloud services and enhancing business agility. Government Cloud (G-Cloud) is a UK government initiative to ease procurement of cloud services by government departments, encouraging the adoption of cloud computing at a government-wide level.

Another trend is increased demand for fast internet connectivity for remote work, particularly at home offices. High-bandwidth applications like video conferencing, file sharing, and others used by employees working from anywhere can be supported with multi-gigabit switches.

Japan is one of the most developed economies regarding Internet penetration. Japan's usage rate for the Internet (persons) is 82.9%, while the optical fiber development rate is 99.3%. There are 43.8M broadband subscribers, out of which there are 36.6M FTTH subscribers and 6.5M CATV Internet subscribers, while mobile broadband subscribers for 4G and 5G are 184M. Moreover, in the EU, the share of households with internet access was 94% in 2024, up from 80% in 2014.

Additionally, more small businesses are adopting IoT devices and smart office technologies such as smart security systems, smart lighting, and environmental sensors. These devices collect significant amounts of data, so efficient data collection and processing can be achieved by these devices using high-speed network connectivity. Multi-gigabit switches allow businesses to reap the rewards of IoT and smart office technology with increased network traffic generated from such devices.

Multi-Gigabit Switch Market Geographical Outlook:

• North America is expected to account for a considerable market share.

North America currently holds the largest share of the global multi-gigabit switch market due to factors such as the increase in cutting-edge technology and increasing demand for high-speed networks. Additionally, the governments of the US and Canada’s investments in high-speed connectivity are also one of the driving factors of the multi-gigabit switch market For instance, in June 2023, The Biden-Harris Administration announced a $40 billion investment to connect everyone in America to affordable, dependable, high-speed internet and another $2 billion for the Tribal Broadband Connectivity Program, which offers grants to officially recognized tribal governments, tribal organizations, tribal universities, and colleges.

The multi-gigabit switch market in the United States has witnessed remarkable growth, reflecting the increasing demand for high-speed connectivity across various sectors. The proliferation of data-intensive applications, fuelled by trends such as cloud computing, IoT, and the rise of remote work, has created an urgent need for advanced networking solutions that can handle higher bandwidth requirements. Multi-gigabit switches, which support speeds ranging from 2.5 Gbps to 10 Gbps and beyond, are essential for organizations looking to enhance their network infrastructure and ensure efficient data transfer.

One of the primary growth drivers in the U.S. market is the rapid adoption of Wi-Fi 6 technology, necessitating the deployment of multi-gigabit switches to support its enhanced performance capabilities. This technology enables faster wireless connections and increased device density, further driving the demand for switches that can manage these higher speeds effectively.

Additionally, significant government investments in broadband infrastructure are propelling market growth. For instance, the Biden-Harris Administration's commitment of $40 billion towards expanding high-speed internet access across the country underscores a strategic focus on improving connectivity in both urban and rural areas. These initiatives foster greater access and stimulate demand for advanced networking equipment like multi-gigabit switches. Moreover, major players in the U.S. technology landscape, including cloud service providers and large enterprises, contribute to a thriving ecosystem for multi-gigabit switch deployment. These organizations require scalable and high-performance networking solutions to support their operations, particularly as they migrate more services to the cloud and expand their data center capabilities.

The increasing number of data centers driven by hyperscalers such as Amazon Web Services (AWS), Google Cloud, and Microsoft also plays a crucial role in this growth trajectory. These entities are continuously seeking ways to enhance their network efficiency and capacity, further boosting demand for multi-gigabit switches.

Multi-Gigabit Switch Market Challenges:

• Cost Considerations will restrain the multi-gigabit switch market growth.

Cost considerations play a vital role in the adoption of multi-gigabit switches within the networking market. Organizations considering integrating these high-speed solutions must carefully consider various cost factors to ensure a balanced investment. The deployment of multi-gigabit switches can be associated with higher costs compared to traditional networking solutions. It is important to note that the specific cost considerations may vary based on the size of the deployment, industry requirements, and the organization's unique needs.

Multi-Gigabit Switch Market Developments:

• August 2024 - Award-winning unified communications and networking solutions, Grandstream released a new 2.5 multi-gigabit unmanaged network switch.
• May 2024 - ORing, a leading provider of industrial networking solutions, released the IDGPS-C1042GP+-BT unmanaged Ethernet switch. This rugged switch delivers multi-gigabit 2.5GbE performance at an exceptional value for applications in harsh operating conditions.
• April 2024 - Cisco Systems, Inc. completed its acquisition of Isovalent, a leader in open-source cloud-native networking and security. This is another step forward for Cisco in its commitment to defining the future of secure, multi-cloud networking.
• February 2024 - Zyxel Networks, the leader in delivering business and home networking solutions that are secure, AI- and cloud-powered, has made it easy for small and medium-sized businesses and consumers to increase their network to multi-gigabit speeds by launching Zyxel XMG1915 Series 8/16-port 2.5GbE Smart Managed Switches with 2 SFP+ Uplinks.
• February 2024 - Edgecore Networks, a leader in open networking solutions, launched its new ECS4650 Layer 3 Gigabit Ethernet Switch series to help SMBs, enterprises, and campus networks keep up with the growing demands on their networks.

List of Top Multi-Gigabit Switch Companies:

• TP-Link 10G/multi-gigabit - The 10G/multi-gigabit managed switches from TP-Link are outfitted with 10 Gbps fiber, 10 Gbps copper, or 2.5 Gbps copper ports for maximum performance and low latency. Links to WiFi 6 access points, storage servers, and other switches and devices are simple to establish. All the multi-gigabit switches are managed centrally and are integrated into the Omada Software Defined Networking (SDN) system.
• Juniper EX2300 Multigigabit Ethernet Switch- The EX2300 Multigigabit Ethernet Switch is a 1 RU high-density solution for small network environments with limited space, power, and financial constraints. Multigigabit access ports (1/2.5GbE) provide connected device performance and strength, making them ideal platforms for access layer refreshes or new greenfield deployments.
• EnGenius Multi-Gigabit Switches- EnGenius Multi-Gigabit Switches improve your network with multi-gigabit flow rates and cloud administration ease. EnGenius Multi-Gig PoE switches support PoE++ (802.3bt) on any port to meet the growing demand for high-powered equipment such as Wi-Fi 6 access points, AV control devices, PTZ sensors, digital signage, and illumination.
• TRENDnet Multi-Gigabit Switches- TRENDnet's Multi-Gigabit Switches are offered with networking speeds of 2.5G, 5G, or 10G. These switches are low-cost solutions for increasing network speed and performance while utilizing existing Cat5e or Cat6 cabling. Deliver the fastest speeds possible over your existing cables while saving time and resources on wiring and cabling infrastructure.

Multi-Gigabit Switch Market Scope:

Report Metric	Details
Multi-Gigabit Switch Market Size in 2025	US$958.566 million
Multi-Gigabit Switch Market Size in 2030	US$1,312.350 million
Growth Rate	CAGR of 6.48%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Type Network Speed Port Type Enterprise Size Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Multi-Gigabit Switch Market	Net Gear TP-Link Corporation Limited Cisco D-Link Corporation TRENDnet Inc.
Customization Scope	Free report customization with purchase

 

Segmentation

• BY TYPE
  • Unmanaged
  • Managed
• BY NETWORK SPEED
  • 1GbE
  • 2.5GbE
  • 5GbE
  • 10GbE
• BY PORT TYPE
  • Trunk Port
  • Access Port
  • Hybrid Port
  • Others
• BY ENTERPRISE SIZE
  • Small
  • Medium
  • Large
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. MULTI-GIGABIT SWITCH MARKET BY TYPE

5.1. Introduction

5.2. Unmanaged

5.3. Managed

6. MULTI-GIGABIT SWITCH MARKET BY NETWORK SPEED

6.1. Introduction

6.2. 1GbE

6.3. 2.5GbE

6.4. 5GbE

6.5. 10GbE

7. MULTI-GIGABIT SWITCH MARKET BY PORT TYPE

7.1. Introduction

7.2. Trunk Port

7.3. Access Port

7.4. Hybrid Port

7.5. Others

8. MULTI-GIGABIT SWITCH MARKET BY ENTERPRISE SIZE

8.1. Introduction

8.2. Small

8.3. Medium

8.4. Large

9. MULTI-GIGABIT SWITCH MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. Germany

9.4.2. UK

9.4.3. France

9.4.4. Spain

9.4.5. Others

9.5. Middle East and Africa

9.5.2. UAE

9.5.3. Israel

9.5.4. Others

9.6. Asia Pacific

9.6.1. China

9.6.2. Japan

9.6.3. South Korea

9.6.4. India

9.6.5. Indonesia

9.6.6. Thailand

9.6.6.7. Taiwan

9.6.6.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Net Gear

11.2. TP-Link Corporation Limited

11.3. Cisco

11.4. D-Link Corporation

11.5. TRENDnet Inc.

11.6. Juniper Networks Inc.

11.7. EnGenius Technologies

Net Gear

TP-Link Corporation Limited

Cisco

D-Link Corporation

TRENDnet Inc.

Juniper Networks Inc.

EnGenius Technologies