Enterprise Switches Market Size, Share, Growth, and Industry Analysis by Type (8-port Switches, 16-port Switches, 24-port Switches & Others) By Application (Small & Medium-sized Enterprises & Large Enterprises), Regional Forecast To 2031

Updated On: 29 April 2024

Enterprise Switches Market REPORT OVERVIEW

• 

• to learn more about this report

The global enterprise switches market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

Enterprise switches are networking tools that connect devices and allow communication between them in corporate networks. These switches offer a dependable and secure network infrastructure while handling large amounts of data flow. To meet the unique requirements of the company, they are offered in a variety of configurations, including modular and fixed switches, and come in a range of sizes and capabilities. While some switches are made for data centers, others are made for branch offices or university networks.

At the data link layer of the OSI model, enterprise switches provide communication between devices connected to the same network. They can be used to priorities traffic, segment the network, and make sure that data is transmitted to the right person. Modern switches come with cutting-edge features like support for Virtual Local Area Networks (VLANs), Power over Ethernet (PoE), and Quality of Service (QoS). Software that offers a graphical user interface (GUI) for configuration and monitoring can also be used to control them.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are the result of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, it has become obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The enterprise switches market has been somewhat impacted by this.

LATEST TRENDS

"Software Networking to Boost the Market Growth"

Software-defined networking is increasingly being adopted, which is the main trend driving the industry. (SDN). SDN is a method of network administration that promotes increased automation and flexibility. Switches suitable with SDN have been created as a result of its rising popularity in recent years. Cloud-managed switches are appealing to companies looking to grow their networks quickly and easily because they provide greater freedom and scalability. IoT gadget proliferation has increased the demands on business networks. As a result, enterprise switches with capabilities for real-time data transmission like Power over Ethernet (PoE) and Quality of Service (QoS) for the Internet of Things have been developed. Enterprise networks place a high emphasis on security as well. As such, enterprise switches are being designed with built-in security features such as Access Control Lists (ACLs), VLANs, and firewalls. The market is anticipated to grow as a result. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the software networking will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Enterprise Switches Market SEGMENTATION

• 

• to learn more about this report

• By Types 

Based on type, the market is classified into 8-port Switches, 16-port Switches, 24-port Switches & Others.

• By Application

Based on the market is categorized into Small & Medium-sized Enterprises & Large Enterprises.

DRIVING FACTORS

"Cloud Computing that Gives the Market Extra Boost"

The industry is currently being stimulated by rising demand for cloud computing. Demand for high-performance networking infrastructure, such as business switches that can support high-speed connectivity, scalability, and reliability, is being driven by the uptake of cloud computing. The demand for high-performance business switches that can handle large volumes of data and provide low-latency networking is being driven by the growth of big data analytics and artificial intelligence. Additionally, the adoption of SDN and NFV, which virtualize network functions, is fueling a demand for enterprise switches that are more programmable, adaptable, and expandable. Switches with advanced security features, like network segmentation, access control, and threat detection, are required as cybersecurity threats grow in sophistication and frequency. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing cloud computing will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall enterprise switches market growth.

"IoT Devices to Encourage Market Expansion"

Increased adoption of IoT devices is another element boosting market sales. Enterprise switches that can handle a large number of linked devices and offer dependable connectivity, low latency, and high bandwidth are becoming increasingly important as Internet of Things (IoT) devices proliferate. The demand for switches built to minimize power usage, heat dissipation, and carbon footprint is also being driven by the growing emphasis on sustainability and energy economy. The demand for switches that can support high-speed wireless connectivity, intelligent traffic management, and seamless integration with wired networks is being driven by the development of wireless networking technologies like Wi-Fi 6 and 5G. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Security Concern to Impede Market Expansion"

Security issues are the barrier that is preventing the market. Customers' trust in some goods and brands may be undermined by security breaches and cyberattacks, which may limit their ability to expand. This may be particularly true for switches, which are important parts of the IT infrastructure of an organization. This factor prevents the industry from growing. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Enterprise Switches Market REGIONAL INSIGHTS

• 

• to learn more about this report

"North America Dominating the Market Across the Globe"

The market for enterprise switches in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in the small & medium-sized enterprises & large enterprises is boosting the enterprise switches market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Cisco (U.S.)
• Fortinet (U.S.)
• Netgear (U.S.)
• SonicWall (U.S.)
• Juniper Networks (U.S.)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of enterprise switches market. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.