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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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
207 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 14269 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US, China, Canada, Japan, India, UK, South Korea, Germany, France, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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.
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
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