Asia Pacific Emerges as a Dominant Market for Network Switches, Projected to Reach $45.5 Billion by 2028

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MarketsandMarkets Presents
The Network Switches Market is projected to grow
from USD 33.0 billion in 2023 to reach USD 45.5
billion by 2028 it is expected to grow at a
Compound Annual Growth Rate (CAGR) of 6.6 from
2023 to 2028. The growth of the Network Switches
Market is driven by the augmented global demand
for data centers coupled with need for simplified
networking communication management and
automation and growing investments in digital
platforms.
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MarketsandMarkets Presents
By type, the fixed configuration switches are
projected to hold the larger share of the network
switches market during the forecast period. The
market for fixed configuration switches is
expected to hold a larger share of the network
switches market during the forecast period. Fixed
configuration switches include managed, unmanaged
and PoE switches. Download PDF Brochure _at_
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sp?id18720083
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MarketsandMarkets Presents
By type, the fixed configuration switches are
projected to hold the larger share of the network
switches market during the forecast period. The
reason for the growth can be attributed to the
fact that fixed configuration switches provide
ethernet switching solutions for a variety of
applications, including enterprise branch
offices, campus, midsize companies, and small and
medium-sized business (SMB), and provide access
security, sustainability, operations excellence,
and enhanced work experience. These factors play
a vital role in fueling the demand for fixed
configuration switches across the globe.
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MarketsandMarkets Presents
By switching port, 200 GBE and 400 GBE switching
port segment is projected to exhibit highest CAGR
for the network switches market during the
forecast period. By switching port, 200 GBE and
400 GBE switching port segment exhibited highest
growth in 2022 and is expected to retain the
trend during the forecast period. The 200 GbE to
400 GbE network switches are optimized and offer
economic switching solutions for data center and
non-data center applications. Moreover, in large
scale networks, the switching speed between
switches is a critical factor for increasing
efficiency and lowering costs.
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MarketsandMarkets Presents
By switching port, 200 GBE and 400 GBE switching
port segment is projected to exhibit highest CAGR
for the network switches market during the
forecast period. These switching ports are
designed for superior performance in demanding
enterprise data centers and storage environments.
Hyperscalers have been the primary drivers for
200 GBE 400 GBE demand. But other segments of
the market, including telecommunications service
providers rolling out 5G networks and high-end
enterprises in verticals such as financial
services, will also adopt the technology. Speak
to Analyst _at_ https//www.marketsandmarkets.com/spe
aktoanalystNew.asp?id18720083
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MarketsandMarkets Presents
North America is expected to hold the largest
share in the market by 2028. The North American
region is expected to hold the largest share of
the network switches market during the forecast
period.  This can be attributed to the increasing
IT capacity requirements and rising adoption of
new data center technologies. The presence of
prominent players such as Cisco Systems (US),
Arista Networks (US), Juniper Networks (US), HPE
Aruba (US), and NETGEAR (US) has contributed to
the growth of the network switches market by
providing a comprehensive range of network
switches for various industry verticals.
Moreover, new technological developments and an
increase in RD investments in the region are
contributing to market growth.  
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MarketsandMarkets Presents
Key Players Cisco Systems (US), Huawei Technology
(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).
Apart from this, 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). Browse For More Details -
https//www.marketsandmarkets.com/Market-Reports/n
etwork-switches-market-18720083.html
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