Network Switch Market Size, Share, Opportunities, And Trends By Configuration (Modular, Fixed, (Unmanaged, Smart, Managed)), By Port (5 Port, 8 Port, 10 Port, 16 Port, Others), By Equipment (PCs, Servers, Printers & Scanners, Automation Equipment, Others), By End-user (Commercial, Industrial), And By Geography - Forecasts From 2023 To 2028

The network switch market is anticipated to show steady growth during the forecast period.

A network switch is a component of networking hardware that connects various devices on a computer network. It receives, processes, and forwards data to the destination device using packet switching. Such switches are used in PCs, Local Area Networks (LANs), data centers, and industries automation. Increasing demand for high-speed connectivity and cloud services has emerged as a significant driving force behind the substantial growth of the network switch industry.

Market Drivers

• Increasing demand for high-speed internet connectivity bolsters the network switch market growth.

High-speed internet connectivity plays a significant role in the growth of the network switch market as applications that require huge amounts of data become more common, there is a growing demand for increased bandwidth to support the increasing volumes of data transferred across networks. Additionally, the rollout of 5G networks demands the use of robust and high-capacity network switches to handle the increased data traffic and ensure minimal latency communication. Due to increased demand for network switches multiple products are being provided in the market. For instance, Planet provides the MGS-910X multigigabit ethernet switch, a low-cost switch with eight 10/100/1G/2.5GMbps ports and one 10GBASE-X SFP+ uplink port, allowing high-speed network connectivity.

• The adoption of cloud services drives network switch market growth.

Cloud service environments necessitate a high level of flexibility to accommodate differing workloads and resource needs. Network switches play a critical role in enabling cloud providers to scale their networks horizontally and vertically. The growing cloud service adoption and new launches have significantly aided the growth of the network switch market. For instance, in November 2023, Alibaba Cloud announced the public availability of Salesforce Sales Cloud, Service Cloud, and Salesforce Platform which aims to help businesses, particularly multinational corporations, fulfill evolving market demands, comply with the most recent data residency regulations, and integrate with the unique local app ecological systems.

• Booming technology advancements drive network switch market expansion.

Ongoing developments in networking technologies, such as the development of faster switches, software-defined networking (SDN), and intent-based networking(IBN) are expected to drive the expansion of high-speed connectivity. This improves network switches' overall performance and abilities. These advancements in technology create a booming demand for network switches which bolsters the network switch industry.

North America is anticipated to hold a significant share of the network switch market.

North America is projected to account for a considerable share of the network switch market owing to the region’s robust growth in the adoption of cloud services and increasing demand for high-speed internet connectivity. Numerous governments are investing in high-speed internet connectivity for industrial sectors that increase the adoption of network switches and are focusing on increasing their access to people who are living in rural areas. For instance, in February 2023, the USDA Secretary announced that the United States Department of Agriculture invested $63 million to provide high-speed internet access for individuals living and working in rural areas. In April 2021, the Canadian government invested in next-generation wireless technology innovation for the industrial sector. This investment supports a $39.5 million project that enables Redline to develop a 5G wireless solution known as Industrial 5G, that offers the necessary speeds and bandwidth to maximize the benefits of the Internet of Things.

Market Challenges

• High costs will restrain the network switch market growth

The growth of the network switch industry may be restrained by their high-cost switches. Purchasing and installing high-performance network switches, particularly those with advanced features and capabilities can be expensive for small and medium enterprises. Budget constraints may limit organizations' to invest in innovative switching technologies. These factors may restrain the network switch market growth.

Market Developments

• January 2023 - TechLogix Networx announced the release of new networking solutions inclusive of network switches at the ISC West 2023. The new network switches included TL-NS5R-POE, TL-NS5R1S-POE, TL-NS8R, and TL-NS8R2U POE unmanaged switch.
• March 2020 - TRENDnet, the industry leader in networking, introduces the world's first 2.5G switches and expands its current line of outstanding performance multi-gigabit networking solutions. TRENDnet's Multi-Gigabit Networking Systems include the 8-Port Unmanaged 2.5G Switch (TEG-S380) and the 5-Port Unmanaged 2.5G Switch (TEG-S350).

Company Products

• Cisco Meraki Cloud Managed Switch - The Cisco Meraki MS225-48FP is a 24-port cloud-managed portable L2 enterprise-class access switch with four SFP+ uplinks as well as mission-critical support for Cisco's Redundant Power System (RPS). The MS225 includes remote troubleshooting tools such as live packet recording and cable test, as well as incorporated client and layer 7 application visibility.
• EX Switches - EX Series switches are high-performance access and distribution/core-layer equipment for enterprise sector, campus, and data center networks that are ready for cloud computing. It reduces risk and cost without sacrificing performance, quality, or innovation, and it is simple to onboard, configure, and manage the switches while running campus material at scale with the Juniper Mist Cloud.
• Brocade 7810 - Brocade 7810 advances more data faster across distances with up to 10 Gb/s expansion throughput, combines FC and IP replication workloads and drives more throughput with advanced enlargement technology to expand WAN capacity. It also protects storage data flows over long distances without sacrificing performance and combines replication workloads from fiber channels and IP storage arrays of data.
• CloudEngine S16700 Series Switches - CloudEngine S16700 series switches are high-performance flagship core switches built for high-quality 10 Gbps campus networks. This series is distinguished by its ultra-fast forwarding ability of 14.4 Tbit/s per slot, unparalleled data switching, and huge terminal access. CloudEngine S16700 is the first campus network device to use Multichassis Link Aggregation Group (M-LAG) technology, achieving 99.9% accuracy.

Segmentation

• By Configuration
  • Modular
  • Fixed
    • Unmanaged
    • Smart
    • Managed
• By Port
  • 5 Port
  • 8 Port
  • 10 Port
  • 16 Port
  • Others
• By Equipment
  • PCs
  • Servers
  • Printers & Scanners
  • Automation Equipment
  • Others
• By End-user
  • Commercial
  • Industrial
• 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