Market Research Future (MRFR) has published on the “Data Center Switch Market”
Market Research Future (MRFR) has published a cooked research report on the “Global Data Center Switch Market” that contains information from 2018 to 2032. The Data center switch market is estimated to register a CAGR of 5.80% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Data center switch market— Super Micro Computer, Inc., Extreme Networks, Inc, Cisco Systems, Inc., Hewlett Packard Enterprise (HPE), Juniper Networks, Inc., NVIDIA Corporation (Mellanox Technologies Ltd.), DELL EMC (DELL TECHNOLOGIES), Lenovo Group, Huawei Technologies Co., Ltd., Arista Networks, Inc., and others
Data Center Switch Market Highlights
The global Data center switch market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 25.2 Billion by 2032.
The demand for high-speed data transfer and storage capabilities, as well as the growing adoption of cloud computing and virtualization technologies, as well as the emergence of new technologies like Software-Defined Networking (SDN) and Intent-Based Networking (IBN), are all driving factors in the market for data centre switches.
Segment Analysis
The global Data center switch market has been segmented based End User, Product Type, Port Speed and Switch Type.
On the basis of End User, the market is segmented into Retail, BFSI, IT and Telecom, Government and Defense, Manufacturing, Media and Entertainment & Others. The BFSI segment dominated the market in 2022. The BFSI sector deals with massive amounts of data, including information on consumers, transactions, finances, and markets.
Based on Product Type, the global Data center switch market has been segmented into Product Type, includes Ethernet, InfiniBand & Others. The InfiniBand segment dominated the market in 2022. For high-speed communication, InfiniBand enables multi-lane networks that enable wide bandwidth and quick data transfer rates.
Based on Port Speed, the global Data center switch market has been segmented into 10G, 25G, 40G, 100G, 400G & Others. The 10G segment dominated the market in 2022. Datacenter switches with bandwidths between 1 Gbps and 10 Gbps are often utilised because they meet the requirements of the majority of distribution and access switches.
Based on Switch Type, the global Data center switch market has been segmented into Core, ToR Switch & Others. The ToR Switch segment dominated the market in 2022. Because these switches offer broad network connectivity to various end users and distribution tiers.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Data Center Switch Market Research Report
Regional Analysis
The global Data center switch market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Data center switch market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Data center switch market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Data center switch market comprises of Middle East, Africa, and Latin America.
In 2022, this market was dominated by the North America Data Centre Switch Market (45.80%). North America has been in the forefront of cloud adoption with many enterprises moving their workloads there. Additionally, in the North American region, the U.S. Data Centre Switch market had the biggest market share, while the Canada Data Centre Switch market had the quickest rate of expansion.
Moreover, the second-largest market share belongs to the Data Centre Switch market in Europe. European firms are going through a significant digital transformation in order to stay competitive in the global market.
Additionally, the Asia-Pacific Data Centre Switch Market is predicted to expand at the fastest CAGR from 2023 to 2032. The popularity of digital services, the expansion in internet users, and the widespread usage of smartphones have all contributed to an accelerated growth in data consumption in the Asia Pacific area.
Furthermore, the rest of the world's Data center switch market is divided into the Middle East, Africa, and Latin America. The rapid expansion of digital transformation initiatives, rising demand for cloud services and colocation facilities, expansion of Internet of Things (IoT) applications, rising data traffic volumes, government initiatives encouraging data centre investments, and the requirement for dependable and secure data storage and management solutions to support regional business growth are some of the factors driving the Latin American data centre switch market.
Key Findings of the Study
- The global Data center switch market is expected to reach USD 25.2 Billion by 2032, at a CAGR of 5.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market The Asia Pacific region has had an accelerated growth in data consumption as a result of the increased popularity of digital services, the rising number of internet users, and the widespread use of smartphones.
- Based on product type, the infiniband segment was attributed to holding the largest market in 2022,
- Super Micro Computer, Inc., Extreme Networks, Inc, Cisco Systems, Inc., Hewlett Packard Enterprise (HPE), Juniper Networks, Inc., NVIDIA Corporation (Mellanox Technologies Ltd.), DELL EMC (DELL TECHNOLOGIES), Lenovo Group, Huawei Technologies Co., Ltd., Arista Networks, Inc., and others
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Companies Covered | 15 |
Pages | 128 |
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