Network switches market size to grow at a CAGR of 6.13% from 2022 to 2027, Growing data volumes across enterprises to be a key trend - Technavio

NEW YORK, April 19, 2023 /PRNewswire/ -- Technavio has been monitoring the network switches market, and it is expected to grow by USD 10,802.22 million during the five-year forecast period. As per the latest report, the market will progress at a CAGR of 6.13% during 2022-2027. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The growing data volumes across enterprises is a key trend influencing market growth. The adoption of cutting-edge technologies such as edge computing, AI, IoT, 5G, and ML applications has led to significant changes in IT infrastructure. Various industries, such as retail, logistics, manufacturing, finance, aviation and defense systems, healthcare and life sciences, smart agriculture, and smart infrastructure, use these technologies. As a result, data loads have increased significantly, which requires advanced network switches for higher bandwidth transfer of data to servers and storage systems. These factors will support the growth of the global market during the forecast period. Download the latest sample report!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ALE International, Allied Telesis Holdings K.K., Arista Networks Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp., Dell Technologies Inc., DrayTek Corp., Extreme Networks Inc., Fortinet Inc., Fujitsu Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Juniper Networks Inc., Netgear Inc., Panasonic Holdings Corp., PLANET Technology Corp., Ruijie Networks Co., and TP Link Corp. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The increasing investments in data center construction are driving market growth. Various companies have constructed their own data centers or have rented data center space due to the significant increase in the amount of data. The growing popularity of cloud computing is expected to further drive the demand for data centers. Several companies are investing in constructing new data centers. For example, in May 2022, NTT Ltd. accounted that it would open its new data center, NAV1A, in India. Similarly, in August 2022, Google Cloud announced three brand-new cloud regions in APAC. The rising investments in the construction of data centers will drive the demand for various networking devices, such as network switches, during the forecast period.

Network switches market 2023-2027: Segmentation

• End-user 
• Servers and storage providers
• Telecommunication providers
• Enterprise and industrial usage
• Technology 
• 100 GbE
• 10 GbE
• 40 GbE
• 100 MbE and 1 GbE
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East and Africa

The servers and storage providers segment will account for a significant share of market growth during the forecast period. This growth is attributed to factors such as the increase in the construction of cloud data centers globally as well as the migration of many large businesses and government data centers from 10GbE to 40GbE/100GbE ethernet switches. Network switches connect various devices to the same network, which eases information sharing. During the forecast period, the rising demand for network switches from server and storage providers will drive the growth of the segment.

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Network switches market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our network switches market report covers the following areas:

• Network switches market size
• Network switches market trends
• Network switches market industry analysis
• Network switches market five forces analysis
• Network switches market competitive landscape

The high operational costs of network switches are challenging market growth. Network switches are useful in networking operations. However, the cost of these switches increases with the incorporation of features such as processors, memory, cabling, and connectors. Additional security features further increase the cost of network switches. Industrial switches require routine maintenance for continuous operation, which results in high replacement costs. This, in turn, increases the operating costs for end users. Thus, the high operational costs of network switches can impede market growth during the forecast period.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/active/niche/trivial 

Network switches market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the network switches market. Backed with competitive intelligence and benchmarking, our research reports on the network switches market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. The key offerings of some of the vendors are listed below:

• ALE International - The company offers Omni Switch 6360 Stackable Gigabit Ethernet LAN Switch, which is ideally used for workstations, access points, IP telephony, and critical IoT deployments.
• Arista Networks Inc. - The company offers 7020 R series network switches, which allow networks to scale out high-performance of two-tier networks to provide predictable and consistent application performance. These switches are used in applications related to high-performance storage or streaming videos.
• Broadcom Inc. - The company offers High-capacity Trident 4 Ethernet Switch, which has comprehensive single-chip integration of smart buffer technology, large table scale, rich packet processing, and traffic management features to provide versatility demanded by modern network infrastructure.

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Network switches market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist network switches market growth during the next five years
• Estimation of the network switches market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the network switches market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of network switches market vendors

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The network interface cards market size is estimated to grow at a CAGR of 4.84% between 2022 and 2027. The network interface cards market size is forecasted to increase by USD 2,903.19 million. This report extensively covers market segmentation by type (ethernet interface card and token ring interface card), application (PCs, portable PCs, switches, and modems), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

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Table of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global network switches market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global network switches market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Servers and storage providers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Servers and storage providers - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Servers and storage providers - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Servers and storage providers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Servers and storage providers - Year-over-year growth 2022-2027 (%)

• 6.4 Telecommunication providers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Telecommunication providers - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Telecommunication providers - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Telecommunication providers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Telecommunication providers - Year-over-year growth 2022-2027 (%)

• 6.5 Enterprise and industrial usage - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Enterprise and industrial usage - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Enterprise and industrial usage - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Enterprise and industrial usage - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Enterprise and industrial usage - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)
• Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments
• Exhibit 48: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 50: Chart on Comparison by Technology
• Exhibit 51: Data Table on Comparison by Technology

• 7.3 100 GbE - Market size and forecast 2022-2027 
• Exhibit 52: Chart on 100 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on 100 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on 100 GbE - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on 100 GbE - Year-over-year growth 2022-2027 (%)

• 7.4 10 GbE - Market size and forecast 2022-2027 
• Exhibit 56: Chart on 10 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on 10 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on 10 GbE - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on 10 GbE - Year-over-year growth 2022-2027 (%)

• 7.5 40 GbE - Market size and forecast 2022-2027 
• Exhibit 60: Chart on 40 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on 40 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on 40 GbE - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on 40 GbE - Year-over-year growth 2022-2027 (%)

• 7.6 100 MbE and 1 GbE - Market size and forecast 2022-2027 
• Exhibit 64: Chart on 100 MbE and 1 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on 100 MbE and 1 GbE - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on 100 MbE and 1 GbE - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on 100 MbE and 1 GbE - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Technology 
• Exhibit 68: Market opportunity by Technology ($ million)
• Exhibit 69: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 ALE International
• Exhibit 123: ALE International - Overview
• Exhibit 124: ALE International - Product / Service
• Exhibit 125: ALE International - Key offerings

• 12.4 Arista Networks Inc.
• Exhibit 126: Arista Networks Inc. - Overview
• Exhibit 127: Arista Networks Inc. - Product / Service
• Exhibit 128: Arista Networks Inc. - Key offerings

• 12.5 Broadcom Inc.
• Exhibit 129: Broadcom Inc. - Overview
• Exhibit 130: Broadcom Inc. - Business segments
• Exhibit 131: Broadcom Inc. - Key news
• Exhibit 132: Broadcom Inc. - Key offerings
• Exhibit 133: Broadcom Inc. - Segment focus

• 12.6 Cisco Systems Inc.
• Exhibit 134: Cisco Systems Inc. - Overview
• Exhibit 135: Cisco Systems Inc. - Business segments
• Exhibit 136: Cisco Systems Inc. - Key news
• Exhibit 137: Cisco Systems Inc. - Key offerings
• Exhibit 138: Cisco Systems Inc. - Segment focus

• 12.7 D Link Corp.
• Exhibit 139: D Link Corp. - Overview
• Exhibit 140: D Link Corp. - Business segments
• Exhibit 141: D Link Corp. - Key news
• Exhibit 142: D Link Corp. - Key offerings
• Exhibit 143: D Link Corp. - Segment focus

• 12.8 Dell Technologies Inc. 
• Exhibit 144: Dell Technologies Inc. - Overview
• Exhibit 145: Dell Technologies Inc. - Business segments
• Exhibit 146: Dell Technologies Inc. - Key news
• Exhibit 147: Dell Technologies Inc. - Key offerings
• Exhibit 148: Dell Technologies Inc. - Segment focus

• 12.9 Extreme Networks Inc. 
• Exhibit 149: Extreme Networks Inc. - Overview
• Exhibit 150: Extreme Networks Inc. - Product / Service
• Exhibit 151: Extreme Networks Inc. - Key offerings

• 12.10 Fortinet Inc.
• Exhibit 152: Fortinet Inc. - Overview
• Exhibit 153: Fortinet Inc. - Product / Service
• Exhibit 154: Fortinet Inc. - Key offerings

• 12.11 Fujitsu Ltd.
• Exhibit 155: Fujitsu Ltd. - Overview
• Exhibit 156: Fujitsu Ltd. - Business segments
• Exhibit 157: Fujitsu Ltd. - Key news
• Exhibit 158: Fujitsu Ltd. - Key offerings
• Exhibit 159: Fujitsu Ltd. - Segment focus

• 12.12 Hewlett Packard Enterprise Co. 
• Exhibit 160: Hewlett Packard Enterprise Co. - Overview
• Exhibit 161: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 162: Hewlett Packard Enterprise Co. - Key news
• Exhibit 163: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 164: Hewlett Packard Enterprise Co. - Segment focus

• 12.13 Huawei Technologies Co. Ltd. 
• Exhibit 165: Huawei Technologies Co. Ltd. - Overview
• Exhibit 166: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 167: Huawei Technologies Co. Ltd. - Key news
• Exhibit 168: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 169: Huawei Technologies Co. Ltd. - Segment focus

• 12.14 Juniper Networks Inc. 
• Exhibit 170: Juniper Networks Inc. - Overview
• Exhibit 171: Juniper Networks Inc. - Product / Service
• Exhibit 172: Juniper Networks Inc. - Key offerings

• 12.15 Netgear Inc.
• Exhibit 173: Netgear Inc. - Overview
• Exhibit 174: Netgear Inc. - Business segments
• Exhibit 175: Netgear Inc. - Key offerings
• Exhibit 176: Netgear Inc. - Segment focus

• 12.16 Ruijie Networks Co.
• Exhibit 177: Ruijie Networks Co. - Overview
• Exhibit 178: Ruijie Networks Co. - Product / Service
• Exhibit 179: Ruijie Networks Co. - Key offerings

• 12.17 TP Link Corp. Ltd.
• Exhibit 180: TP Link Corp. Ltd. - Overview
• Exhibit 181: TP Link Corp. Ltd. - Product / Service
• Exhibit 182: TP Link Corp. Ltd. - Key news
• Exhibit 183: TP Link Corp. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations 
• Exhibit 190: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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