DUBLIN--(BUSINESS WIRE)--The "Switching Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
The global switching equipment market was worth $191.93 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.36% and reach $255.02 billion by 2023.
The switching equipment market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, North America was the largest region in the switching equipment market.
Switching Equipment Market Global Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global switching equipment market as it emerges from the Covid 19 shut down.
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The switching equipment market covered in this report is segmented by end-user into small enterprises, medium enterprises, large enterprises. It is also segmented by the end-use industry into automotive, healthcare, telecommunications and by application into enterprise and industrial usage, telecommunication providers, servers and storage providers.
The installation process of network switches is complex as it involves high accuracy and a number of sub-processes, thus hindering the growth of switching equipment market during the historic period. Installing network switches is complex as these switches many functions such as allow connections to multiple devices, manage ports, manage VLAN security settings and others. The degree of complexity is comparatively low when it comes to a small network in an enterprise or home. For large network enterprises, the installation process can take a long time to get completed. For instance, in the telecom industry, for telecom network backhaul projects, the installation process can take more than a week to complete.
The increase in the popularity of IoT devices among the populace has led to a rise in the switching equipment market. IoT is becoming popular as a greater number of people are using smart devices and are mostly working on their errands, office work, communication, sending/receiving messages using smart devices thus overwriting the traditional way. For instance, in 2017, Cisco launched a new network switch that can be linked up to IoT devices, such as lights and CCTV to make smart buildings. The rising demand for IoT enabled devices drives the market for switching equipment.
Power over Ethernet (PoE) technology is gaining importance in switching equipment market, thus emerging as a major trend for network switches. PoE switches are becoming common because they reduce clutter and can be added to both smart and managed switches. PoE technology also has the ability to combine the networking and electrical power into one cable and provide data connection and electrical power to the powered devices. PoE installation can provide many benefits such as flexibility, reliability, and cost-efficient.
Key Topics Covered:
1. Executive Summary
2. Switching Equipment Market Characteristics
3. Switching Equipment Market Size And Growth
3.1. Global Switching Equipment Historic Market, 2015 - 2019, $ Billion
3.2. Global Switching Equipment Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
4. Switching Equipment Market Segmentation
4.1. Global Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Switching Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Switching Equipment Market Regional And Country Analysis
5.1. Global Switching Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Switching Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Ciena Corporation
- Huawei Technologies
- Infinera Corporation
- Fujitsu Limited
- ECI Telecom Ltd
- Cisco Systems, Inc
- Tellabs, Inc
- ADTRAN Inc
- Aliathon Technology Ltd.
- NEC Corporation
- Huawei Technologies
- Nokia Siemens
- JDS Uniphase Corporation
For more information about this report visit https://www.researchandmarkets.com/r/rfjh5s