Latest News- Network Switches Market: Servers and storage providers is expected to lead the End-user segment during 2025-2029

The Network Switches Market is being driven by Increasing investments in data center construction

The Network Switches Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14269 million. In today's business landscape, advanced technologies such as edge computing, artificial intelligence (AI), Internet of Things (IoT), 5G, and machine learning (ML) applications are revolutionizing various industries, including manufacturing, retail, logistics, aviation and defense systems, healthcare and life sciences, finance, smart agriculture, and smart infrastructure. The adoption of these technologies has led to an increase in data volumes and demands for higher bandwidth transfers to servers and storage systems. With 5G technology enabling faster data transmission rates and ubiquitous Internet access, network switches have become essential for managing these data loads efficiently and effectively. These sophisticated network switches are crucial for businesses to keep up with the demands of their expanding customer base and application base. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Servers and storage providers
  • TP
  • Enterprise and industrial usage
• Technology
  • 100 GbE
  • 10 GbE
  • 40 GbE
  • 100 MbE and 1 GbE
• Type
  • Fixed configuration
  • Modular
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investments in data center construction
• Growing IT and telecommunication industry
• Growing adoption of networking devices by SMEs

However, the market also witnesses some limitations, which are as follows:

• High operational costs of network switches
• High susceptibility to cyber attacks
• Difficulties in tracing network connectivity issues in network switches

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Market Scope in Network Switches Market Research Report

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Research Analysis Overview

The Network Switches Market encompasses various technologies including switching fabrics, forwarding tables, link aggregation, multicast and unicast routing, BGP, OSPF, and RIP. Additional features include DHCP and DNS servers, network segmentation, zero-trust security, monitoring tools for performance, network traffic analysis, troubleshooting, optimization, capacity planning, edge computing, wireless networking, fiber optic, and copper cabling. Network management protocols ensure efficient operation.

Market Research Overview

The global electronics market encompasses a diverse range of sectors, including communications equipment, technology hardware and storage, consumer electronics, industrial electronics, and electronic manufacturing services. Among the various components within this market, the electronic components segment is of significant importance. This segment's growth is driven by the increasing demand for advanced technologies, such as the Internet of Things (IoT), which necessitates the production of intricate components like Ethernet switches, Layer 2 switches, Layer 3 switches, Managed switches, and Unmanaged switches. These networking devices are integral to IoT infrastructure, fueling the expansion of the electronic components market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/