Plus-Managed Network Switch Market Size, Share, Opportunities, And Trends By Network Speed (1GbE, 2.5GbE, 5GbE, 10GbE), By Port Type (5-Port, 8-Port, 12-Port, Others), By Enterprise Size (Small, Medium, Large), And By Geography - Forecasts From 2024 To 2029

The plus-managed network switch market is expected to grow at a CAGR of 6.95% reaching a market size of US$40.778 billion in 2029 from US$25.474 billion in 2022.

Plus-Managed Network Switches are network gadgets that help better manage network infrastructure. Such switches enable ethernet devices to communicate with one another and include features for configuring, managing, and monitoring traffic on a Local Area Network (LAN). Owing to their network monitoring features such switches are used in small enterprises and data centers. The bolstering growth in such applications is expected to propel the overall market growth.

Further, the demand and trade for network switches with advanced management features on a global basis make up the managed switch market. Because they facilitate efficient packet routing and control between connected devices, managed switches are essential components of computer networks. These switches are special because of their remote configuration and monitoring capabilities, which give administrators fine-grained control over network traffic, security protocols, and Quality of Service (QoS) settings.

Surging small business establishments

For small businesses, plus-managed network switches offer network monitoring, traffic prioritization, and network segmentation at a very low cost. These switches are essential to providing essential networking features. Plug-and-play functionality makes it perfect for small-to medium-sized businesses. It is anticipated that the market demand for plus-managed network switches will be positively impacted by the expanding MSME establishments. For example, according to the U.S. Small Business Association (SBA), 33.2 million small businesses—or 99.9% of all firms—exist in America.

Rise in data center establishment

Plus-managed switches are especially made for enterprise-sized companies that need much more control over the traffic in their network, or for companies that use data centers and have much larger network scopes. Future market expansion has been made possible by the opening of new data center locations and initiatives. For example, as part of its plans to expand throughout Asia Pacific, OVHcloud announced in March 2023 that it will open its first data center in India. By the end of the following year, two more data centers will be built in Singapore and Australia.

Expanding network management activities

Increased network management capabilities are the driving force behind a paradigm shift in the managed switch industry, thanks to the complexity of modern IT infrastructures. Key trends like the adoption of cloud-based management solutions, the integration of advanced security features, and the growing demand for IoT connectivity are shaping the landscape of next-generation networking systems. The dynamic and evolving nature of the market is evident in the growing need from businesses seeking to boost efficiency and agility for managed switches equipped with advanced analytics and automation features.

Rising automation and increased security

Businesses search for intelligent switches with the ability to automate network tasks like provisioning, troubleshooting, and the enforcement of security policies. Automation reduces the chance of human error, saves time, and speeds up network operations. Integration with AI and machine learning promises more proactive problem-solving, intelligent decision-making, and optimal performance.

As the landscape of cyber threats changes, managed switches are implementing advanced security features like access control, encryption, and intrusion detection. By integrating security frameworks and automating threat mitigation, network defences are strengthened. Secure switches are especially important in industries like healthcare, finance, and government where data breaches can have catastrophic effects.

North America is witnessing exponential growth during the forecast period

The market in North America has the greatest revenue share due to the region's rapid expansion in high-speed connectivity. The governments of the United States and Canada are first making investments to improve internet connectivity access and low latency for their end users, which results in significant growth in the area. For example, the governments of Ontario and Canada invested over $362 million in August 2021 to provide high-speed Internet to Eastern Ontario. The Etobicoke Centre member of provincial parliament highlighted a $362 million joint investment to provide 90,124 rural households in Eastern Ontario with broadband internet access.

Product Offerings

• NetGear Plus Switch (MS108EUP)- NetGear Plus Switch (MS108EUP) has 8 1G/2.5G ports, 4 PoE+ ports, and 4 Ultra60 PoE++ ports, making it an ideal switch for WiFi 6 AP connectivity, IP surveillance, and other applications.
• NetGear Plus Switch Series (JGS516PE)- In addition to the plug-and-play Gigabit Ethernet connectivity, these switches include essential networking features such as VLAN, QoS, IGMP Snooping, and port mirroring.
• TP-Link TL-SG3452XP- TP-Link TL-SG3452XP provides high-bandwidth connectivity and non-blocking switching capacity with four 10 Gbps SFP+ slots. It integrates into Omada SDN for cloud access and remote management.
• Cisco Catalyst 2960 Plus Switch- Cisco Catalyst 2960-Plus Version Switches are fixed-configuration fast ethernet switches that offer enterprise-class layer 2 switching for branch locations, traditional workspaces, and infrastructure applications. Through a variety of Cisco IOS software features, including Cisco Catalyst Smart Operations, they enable reliable and secure operations at a lower total cost of ownership.

Market key launches

• In October 2023, Teltonika Networks unveils its managed switch product line. But these aren't just any switches—they have a ton of features that will catch your attention. Learn about our managed PoE+ switch, the TSW202, and our top-tier managed network switch, the TSW212. The TSW202 and TSW212 managed switches serve as the foundation for a solution's network distribution by utilizing internal power. These switches were designed to exceed the expectations by offering cutting-edge network control features and the highest level of connectivity support.
• In August 2023, with the help of the Hik-Partner Pro mobile app and a new generation of Smart Managed Switches from Hikvision, installers can now remotely deploy and configure security systems with extensive operation and maintenance capabilities. The robust architecture and 6 KV surge protection for PoE ports are features of this new generation of Smart Managed Switches. The entire portfolio includes powerful Gigabit switches designed specifically for SMB projects, as well as affordable 100 Mbps switches.

Plus-Managed Network Switch Market Scope:

Segmentation:

• By Network Speed
  • 1GbE
  • 2.5GbE
  • 5GbE
  • 10GbE
• By Port Type
  • 5-Port
  • 8-Port
  • 12-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