Global Network Switches Market-Industry Analysis and Forecast (2019-2027)Posted by maximizenetworkid on December 23rd, 2020 Global Network Switches Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027 at a CAGR of XX% during the forecast period. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The rise in efficiency and effectiveness of the transmission has been a major factor that has driven the demand for network switches market globally. Use of network switches helps in providing connection via a dedicated wire having a single transmitter in the collision domain improving the overall utilization. Reduction in usage of broadcast domains has also been another major driver that has positively impacted the demand for network switches market globally. In addition to this, the benefit compared to the costs involved is quite high providing more number of ports as compared to routers at a cheaper cost. Moreover, the use of switches provides changes in configuration along with adjustments in speeds that further helps in the rising demand for this market. Along with this, growth of IoT (Internet of Things) technology and increasing application of network switches in process automation sector has also been some other major drivers that have a positive impact on the overall market. Considering all these factors that have positively impacted the demand for this market, there are also certain restraints involved that pose challenges to its growth. One such major limitation involved with the application of network switches is the technological complexity involved that makes it vulnerable towards security attacks. Moreover, it is the complexities involved with the design and configuration of network switches that poses challenges for transmission of multiple packets forming another crucial factor that restrains the growth for this market. It is the growing internet penetration in remote places will provide huge opportunities for this market in the coming years. During 2016, the 10 GbE segment accounted for the major network switches market share. Factors such as the increased utilization of 10GbE port speed by large branch offices, campuses, data centres, and telecommunication service providers will contribute to the growth of this industry segment in the coming years. By geography, the North America region is creating potential and new revenue models for the network switches manufacturers. Ongoing technological advancements in the region and digital transformation of various industry verticals in the United States and Canada are the key growth factor of the network switches market in North America. Furthermore, North America is the early adopter of industrial revolution 4.0 technologies and systems, which is also supporting the demand for the network switches in North America. Further, Due to the presence of global automotive companies in Europe, the network switches market in European countries has huge market potential and expected to create potential growth opportunities for the network switches manufacturers. Moreover, Asian countries such as India, China, and Japan are taking initiatives to promote foreign direct investment and making favourable business conditions for investors. Such factors are positively supporting the growth of the network switches market in the Asia Pacific. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by technology, application, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the network switches market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. Global Network Switches Market, By Switching Port • 10 GbE • Telecommunication Providers • North America • PLANET Technology About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |
