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Managed Switches Market Set for 7.8% CAGR Growth as Digital Infrastructure Expands
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Growing Demand for Managed Switches Spurred by Expansion of Digital Infrastructure and Consequent Need to Navigate Complex Network Settings: Fact.MR Report
Growing Demand for Managed Switches Spurred by Expansion of Digital Infrastructure and Consequent Need to Navigate Complex Network Settings: Fact.MR Report
Revenue from the global Managed Switches Marketis projected to reach US$ 43.34 billion by the end of 2034, up from US$ 20.45 billion in 2024, according to an updated industry analysis by Fact.MR.
As businesses expand their digital infrastructure, network settings are becoming increasingly complex, thereby boosting demand for effective network administration tools like managed switches. Complexity of data centers is increasing due to virtualization and proliferation of end-user devices. Enterprises expanding geographically are implementing robust strategies for managing their data center networks. Conventional data center management strategies struggle to adopt new market technologies and address the growing threat of security risks.
To tackle these challenges, an increasing number of businesses are adopting managed switches, which enhance data center security and agility. The benefits of managed switches, such as facilitating business continuity and disaster recovery planning, are further driving market growth. Managed switches are particularly valued for their role in ensuring business continuity and managing uncertainties in recovery plans, including metro Ethernet and storage transfers, catering to enterprises of all sizes.
The market for managed switches is projected to expand at a significant pace during the forecast period with the adoption of the software-defined networking (SDN) concept. SDN enables network managers to control services efficiently by abstracting lower-level functionalities.
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Leading Players Driving Innovation in the Managed Switches Market:
The Key Players in the infant managed switches industry include Huawei Technologies, Juniper Networks, NVIDIA Corporation, Dell Technologies, Larch Networks, IP Infusion, Cisco Systems, Arista Networks; Alcatel-Lucent, Brocade Communication Systems, Inc., and Honeywell International.
Managed Switches Industry News & Trends:
In June 2024, TP-Link UK launched Layer 3 (L3) managed switches under the Omada B2B networking brand. These switches complement Omada's software-defined networking (SDN) solution, which satisfies medium-sized businesses' networking needs for high availability, scalability, and reliability.
In March 2024, Lumberg Automation's BEETLE Single Pair Ethernet (SPE) Lite Managed Switch was made available by Belden Inc., a leading global provider of network infrastructure and digitization solutions. The new BEETLE switch, part of Belden's Single Pair Ethernet portfolio of connectivity products, enables organizations to reduce network complexity by deploying thinner, lighter SPE cables that provide connectivity via a single pair of wires rather than the two or four pairs required by standard Ethernet.
Extreme Networks, Inc. introduced two new solutions in January 2024 to help business enterprises that are widely spread out improve their network connectivity, security, and application performance. The new Wi-Fi 7 Universal Access Point (AP) AP5020 operates on the 6 GHz spectrum and can manage Internet of Things devices and high-bandwidth, latency-sensitive applications. Businesses can upgrade and better manage their operations as a result.
Westermo unveiled a new range of compact, easy-to-use, unmanaged industrial Ethernet switches in January 2024. The SandCat range of plug-and-play, low-cost, industrial-grade, five-port fast Ethernet switches complements Westermo's managed switch line. Supporting 100 Mbit/s, these flexible devices were developed to meet the increasing demands of the energy, industrial, utility, and maritime sectors for bandwidth, reliability, and network complexity.
A new generation of Smart Managed Switches from Hikvision was unveiled in September 2023. These switches, when paired with the Hik-Partner Pro mobile app, enable installers to remotely deploy and configure security systems with a wide range of operating and maintenance features. The robust architecture of this new generation of smart controlled switches incorporates 6 KV surge protection for PoE ports. The portfolio ranges from robust gigabit switches made especially for SMB applications to inexpensive 100 Mbps switches.
In April 2022, NETGEAR announced the new NETGEAR Engage Controller application and the release of smaller M4250 desktop switches that can be quickly installed in a range of applications with minimal space.
Cisco began offering three steps to cloud users in June 2022: fully cloud-managed access networks that combine catalyst switches and Meraki cloud management, cloud monitoring capabilities for certain catalyst switches, and cloud-manageable Wi-Fi 6E access points for certain catalyst wireless devices.
Key Takeaways from Managed Switches Market Study:
The global market for managed switches is forecasted to expand at a CAGR of 7.8% from 2024 to 2034. East Asia is projected to account for 25.8% of the global market share by 2034.
The market in South Korea is forecasted to expand at a CAGR of 9.5% from 2024 to 2034. The market in China is projected to generate revenue worth US$ 5.31 billion by the end of 2034. Based on sales channels, the offline segment is evaluated to generate a revenue of US$ 34.68 billion by the end of 2034.
In the North American region, sales of managed switches are projected to reach US$ 10.66 billion by 2034. The United States is estimated to account for 44.5% of the market share in the North American region in 2024.
“To support remote work and corporate operations and due to the growing reliance on digital applications, enterprises engaged in digital transformation initiatives are generating demand for managed switches, which offer flexibility, control, and scalability,” says Fact.MR analyst.
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Growing Adoption of Digital Automation and Data Storage by Businesses
Telecom equipment utilizes both wired and wireless electronics, depending on their intended purpose. Moreover, the widespread adoption of smartphones is rapidly increasing, prompting various technological advancements in computers, electronics, and telecommunications to meet consumer demands. Managed switches, integral to computers and electronics, are evolving with the introduction of innovative network solutions.
There has been a notable shift toward the adoption of managed switches, particularly as internet costs decrease, especially among businesses transitioning to digital automation and data storage. The growing reliance on electronics is boosting sales of managed switches.
More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the managed switches market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on number of ports (less than 8, 8 to 16, 16 to 24, 24 to 48, above 48), switch speed (less 500 Mbps, 500 Mbps to 1 Gbps, 1 to 10 Gbps, 10 to 50 Gbps, above 10 Gbps), layer type (layer 2, layer 3), switch type (stackable managed switches, standalone managed switches), device type (PoE, non-PoE), and sales channel (online sales, offline sales), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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A managed switch is a network switch that allows for more control over the network. It provides features such as VLAN support, traffic prioritization, and remote management.
Digital infrastructure refers to the underlying technology systems that support digital operations, including networks, servers, and data storage solutions.
Software-defined networking (SDN) is an approach to networking that uses software-based controllers or application programming interfaces to communicate with the network hardware.
Business continuity planning involves creating a strategy to ensure that a company can continue operations during and after a disaster or unexpected event.
Disaster recovery planning is a process that prepares an organization to recover and protect its IT infrastructure in the event of a disaster.
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