Network Switches Market Report 2024 (Global Edition)

Global Network Switches Market Report 2024 Market Size Split by Type (Fixed Configuration Switches, Managed Switches, Unmanaged Switches, PoE Switches, Modular Switches), by Switching Port (100 MBE & ...

Network Switches Market Report Description

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Competitive Landscape of the Network Switches Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Network Switches Industry News 

In October 2023, Celestica Inc. introduced its DS5000 high-performance 800GbE switch, providing rapid data center and enterprise-class access deployment capabilities. They sought approval to unveil the DS5000 into the open-source realm as the premier commercial 800G Ethernet switch contribution inspired by the Open Compute Project (OCP) to the OCP Networking group. 

(Source: https://corporate.celestica.com/news-releases/news-release-details/celestica-launches-its-next-generation-800g-switch-powering)

In November 2023, Broadcom Inc. unveiled a groundbreaking on-chip neural network inference engine known as NetGNT (Networking General-purpose Neural-network Traffic-analyzer) within its latest software programmable Trident 5-X12 chip.

(Source: https://www.broadcom.com/company/news/product-releases/61571)

Top Companies Market Share in Network Switches Industry: (In no particular order of Rank)

• Cisco Systems (US)
• Huawei Technologies (China)
• HPE Aruba (US)
• Juniper Networks (US)
• Arista Networks (US) NETGEAR (US)
• D-Link Corporation (US)
• Extreme Networks (US)
• NVIDIA Corporation (US)
• TRENDnet (US)
• Lantronix (US)
• Alcatel Lucent Enterprise (France)
• Dell Technologies (US)
• Pica8 Inc. (US)
• Larch Networks (US)
• STORDIS (Germany)
• IP Infusion (US)
• Buffalo Americas Inc. (US)
• Linksys (US) 
• TELEFLY Telecommunications Equipment Co. Ltd. (China)
• Allied Telesis (Japan)
• Moxa (Taiwan)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Network Switches

Which Region will dominate the Network Switches Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region's robust IT infrastructure and high demand for data center solutions contributed to its dominance in the market. Additionally, initiatives such as digital transformation and the adoption of cloud-based services further propelled the demand for network switches in North America. With a strong focus on technological innovation and connectivity, North America remained a key player in shaping the global network switches landscape.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the network switches market. The region's rapid expansion can be attributed to the increasing adoption of digital technologies across various industries and the growing demand for high-speed networking infrastructure to support digital transformation initiatives. Furthermore, the rise of cloud computing, IoT applications, and data center investments has fueled the demand for advanced network switches in the Asia Pacific. This trend is expected to continue as businesses in the region prioritize enhancing their connectivity and network capabilities.

The current report Scope analyzes Network Switches Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Network Switches Market

According to Cognitive Market Research, the global Network switches market size was estimated at USD 33,512.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 13404.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. The region's dominance is attributed to its advanced technological infrastructure, high adoption of cloud computing and data center solutions, and robust investment in networking technologies. Major economies such as the United States and Canada drive substantial demand for network switches due to the presence of large enterprises, government initiatives promoting digital transformation, and a burgeoning IT sector. Moreover, North America boasts a mature telecommunications industry and a strong focus on innovation, fostering the development and deployment of cutting-edge networking solutions. As a result, the region remains a key player in shaping the trajectory of the global network switches market.

• According to Cognitive Market Research, the US had a major share in the network switches market with a market size of USD 10576.45 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. The US holds a significant share of the network switches market, driven by its robust IT infrastructure, large-scale adoption of networking technologies, and technological innovation. 
• The Canada network switches market had a market share of USD 1608.59 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Canada is a growing market for network switches, driven by increasing digitalization, infrastructure upgrades, and rising demand for connectivity solutions.
• The Mexico network switches market is projected to grow at a CAGR of 5.5% during the forecast period, reaching a market size of USD 1219.84 million in 2024.

 

Europe Network Switches Market

According to Cognitive Market Research, with a market value of USD 33,512.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 10053.66 million. With businesses prioritizing connectivity and data management, there's a rising demand for advanced networking infrastructure. Additionally, the region's emphasis on IoT adoption and the deployment of smart technologies further drive the need for robust networking solutions. Government initiatives promoting digital transformation and investments in telecommunications infrastructure also contribute to the market's growth. As Europe continues to embrace technological innovation, the network switches market is expected to witness sustained expansion, catering to evolving connectivity requirements across the continent.

• The United Kingdom Network switches market had a market share of USD 1689.01 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. The UK holds the largest share in the network switches market in Europe, driven by robust digital infrastructure and technological advancements. 
• The France network switches market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD 924.94 million in 2024.
• According to Cognitive Market Research, the German network switches market size was valued at USD 1990.62 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Germany witnessed a notable surge in demand for network switches, fueled by advancements in digital infrastructure and increased adoption of IoT technologies. 
• The Italy network switches market is projected to grow at a CAGR of 4.7% during the forecast period, reaching a market size of USD 864.61 million in 2024.
• The Russia network switches market is projected to grow at a CAGR of 4.3% during the forecast period, reaching a market size of USD 1558.32 million in 2024.
• The Spanish network switches market is projected to grow at a CAGR of 4.4% during the forecast period, reaching a market size of USD 824.40 million in 2024.
• The Luxembourg network switches market is projected to grow at a CAGR of 5.4% during the forecast period, reaching a market size of USD 311.66 million in 2024.
• The Portugal network switches market is projected to grow at a CAGR of 5.1% during the forecast period, with a market size of USD 211.13 million in 2024.
• The Greece network switches market is projected to grow at a CAGR of 5.6% during the forecast period, with a market size of USD 120.64 million in 2024.
• The rest of Europe's network switches market is projected to grow at a CAGR of 4.0% during the forecast period, reaching a market size of USD 1558.32 million in 2024.

 

Asia Pacific Network Switches Market

According to Cognitive Market Research, the global network switches market size was estimated at USD 33,512.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7707.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The region’s rapid economic development, expanding digital infrastructure, and increasing investments in IT drive the demand for advanced networking solutions. With the proliferation of cloud services, IoT deployments, and data center expansions across the region, there's a heightened need for scalable and high-performance network switches. Moreover, government initiatives promoting digital transformation further stimulate market growth. As businesses in Asia Pacific strive to enhance connectivity, optimize operations, and support evolving technology trends, the demand for network switches continues to surge, positioning the region as a key growth area in the global market.

• According to Cognitive Market Research, the China network switches market size was valued at USD 3468.51 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. China's rapid digital transformation and expanding network infrastructure contribute significantly to its growth as a key player in the global network switches market.
• The Japan network switches market is projected to grow at a CAGR of 7.3% during the forecast period, reaching a market size of USD 1063.68 million in 2024.
• The India network switches market had a market share of USD 924.94 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. India's expanding economy and digital infrastructure initiatives fuel the growth of the network switches market, driven by increasing investments in networking technologies.
• The South Korean network switches market is projected to grow at a CAGR of 7.9% during the forecast period, with a market size of USD 770.78 million in 2024.
• The Australian network switches market is projected to grow at a CAGR of 8.5% during the forecast period, with a market size of USD 400.81 million in 2024.
• The South East Asia network switches market is projected to grow at a CAGR of 9.8% during the forecast period, with a market size of USD 531.84 million in 2024.
• The Rest of the Asia Pacific network switches market is projected to grow at a CAGR of 8.6% during the forecast period, with a market size of USD 547.25 million in 2024.

 

South America Network Switches Market

According to Cognitive Market Research, the global network switches market size was estimated at USD 33,512.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 1675.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. As digital transformation accelerates across various industries in the region, there's a heightened need for robust networking infrastructure to support expanding connectivity requirements. Factors such as the proliferation of cloud services, increasing adoption of IoT devices, and the emergence of data-intensive applications are driving this demand. Additionally, as businesses strive to enhance productivity and competitiveness, there's a growing emphasis on modernizing IT infrastructure, further fueling the uptake of network switches. This trend indicates promising opportunities for vendors to capitalize on Latin America's evolving networking landscape.

• According to Cognitive Market Research, the Brazil network switches market size was valued at USD 717.16 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Brazil is experiencing a growing demand for network switches due to the expansion of digital infrastructure and the increasing adoption of advanced networking technologies.
• The Argentina network switches market had a market share of USD 281.50 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. In Argentina, a growing demand for network switches is fueled by digital transformation initiatives and expanding telecommunications infrastructure.
• The Colombia network switches market is projected to grow at a CAGR of 6.0% during the forecast period, with a market size of USD 149.13 million in 2024.
• The Peru network switches market is projected to grow at a CAGR of 6.4% during the forecast period, with a market size of USD 137.40 million in 2024.
• The Chile network switches market is projected to grow at a CAGR of 6.5% during the forecast period, with a market size of USD 120.64 million in 2024.
• The Rest of the Latin America network switches market is projected to grow at a CAGR of 5.3% during the forecast period, with a market size of USD 269.77 million in 2024.

Middle East and Africa Network Switches Market

According to Cognitive Market Research, the global Network switches market size was estimated at USD 33,512.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 670.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. With increasing digital transformation initiatives and infrastructure development projects across various sectors, such as telecommunications, healthcare, and government, the demand for advanced networking solutions is surging. Additionally, the expansion of cloud computing services and the adoption of IoT devices are driving the need for scalable and reliable network infrastructure. Moreover, initiatives aimed at improving internet connectivity and expanding broadband coverage are further fueling market growth. As a result, vendors in the Middle East and Africa are witnessing significant opportunities for expansion and investment in the network switches market.

• According to Cognitive Market Research, the GCC Countries network switches market size was valued at USD 286.86 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. GCC countries are experiencing rapid growth in the network switches market due to increasing digitalization and infrastructure development initiatives.
• The Egypt network switches market is projected to grow at a CAGR of 6.8% during the forecast period, with a market size of USD 70.38 million in 2024.
• The South African network switches market is projected to grow at a CAGR of 7.5% during the forecast period, with a market size of USD 105.90 million in 2024. South Africa is rapidly adopting network switches to modernize its infrastructure and meet increasing demands for connectivity and digital transformation.
• The Turkey network switches market is projected to grow at a CAGR of 6.0% during the forecast period, with a market size of USD 57.64 million in 2024.
• The Nigeria network switches market is projected to grow at a CAGR of 5.6% during the forecast period, with a market size of USD 70.38 million in 2024.
• The Rest of the MEA network switches market is projected to grow at a CAGR of 5.5% during the forecast period, with a market size of USD 79.09 million in 2024.

Network Switches Market Analysis

Network Switches Type Segment Analysis

According to Cognitive Market Research, the unmanaged switches segment held a significant portion of the network switches market share. These switches are known for their simplicity and plug-and-play functionality and cater to small-scale networking needs without the need for configuration. Their affordability and ease of use make them popular among small businesses and home users. Despite increasing demand for managed switches in complex network environments, the unmanaged switches segment continues to maintain a substantial presence due to its accessibility and cost-effectiveness.

The managed switches segment emerged as the fastest-growing sector within the network switches market. This growth is attributed to increasing demand for centralized control, security features, and advanced management capabilities in networking infrastructure. Managed switches offer enhanced functionality, allowing administrators to configure and monitor network traffic efficiently. With businesses prioritizing network performance and security, the managed switches segment is witnessing significant traction, driven by the need for robust and scalable solutions to support modern IT environments.

• Fixed Configuration Switches
• Managed Switches
• Unmanaged Switches
• PoE Switches
• Modular Switches

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Network Switches Industry. Request a Free Sample PDF!

Network Switches Switching Port Segment Analysis

According to Cognitive Market Research, 100 MBE and 1 GBE (Gigabit Ethernet) switches held a major share in the network switches market. These switches are widely deployed across various industries due to their versatility and cost-effectiveness. They cater to the demands of both small-scale and large-scale networks, offering reliable connectivity and sufficient bandwidth for everyday operations. With the increasing need for faster data transmission and efficient network management, 100 MBE and 1 GBE switches continue to dominate the market landscape.

The 200 GBE and 400 GBE segments emerged as the fastest-growing sectors within the network switches market. With the escalating demand for higher bandwidth and increased data transmission speeds, organizations are increasingly adopting these ultra-fast networking solutions. The 200 GBE and 400 GBE segments offer enhanced performance and scalability, catering to the evolving connectivity requirements of modern enterprises and data centers. As a result, vendors are prioritizing the development of innovative products to capitalize on this burgeoning market opportunity.

• 100 MBE & 1 GBE
• 2.5 GBE & 5 GBE
• 10 GBE
• 25 GBE & 50 GBE
• 100 GBE
• 200 GBE & 400 GBE

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Network Switches End User Segment Analysis

According to cognitive market research, data centers hold a significant portion of the market share in the network switches market. Their demand for high-performance networking equipment drove growth in the sector. With the rise of cloud computing and the increasing volume of data processed daily, data centers require robust and scalable networking solutions to ensure seamless operations. As a result, they played a pivotal role in influencing market trends and shaping the development of advanced network switch technologies.

Cloud service providers emerged as the fastest-growing segments in the network switches market. Their exponential growth necessitated robust and scalable networking infrastructure to support increasing workloads and data transfer demands. As cloud-based services continue to expand, cloud service providers prioritize network switches capable of delivering high performance, low latency, and seamless scalability. Consequently, they drive significant demand for advanced networking solutions, propelling the growth of the network switches market.

• Data Center
• Cloud Service Providers
• Telecom Service Providers
• Large Enterprise or Private Cloud
• Non-Data Center

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion