The Network Switches Market is projected to grow from USD 33.0 billion in 2023 and is projected to reach USD 45.5 billion by 2028; it is expected to grow at a CAGR of 6.6% from 2023 to 2028.
The augmented global demand for data centers coupled with need for simplified networking communication management and automation and growing investments in digital platforms is expected to fuel the growth of the Network Switches Market.
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Key strategies adopted by the players in the network switches ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.
For instance, in July 2022, Juniper Networks (US) announced the new EX4100 series of enterprise-grade wired access switches. These switches leverage modern microservices cloud and Mist AI to deliver outstanding performance, ease, flexibility, and security for all enterprise access layer switching environments, including campus fabric architectures.
In January 2022, Cisco Systems (US) announced its Cisco Catalyst 9000 portfolio, based on the powerful Unified Access Data Plane (UADP) ASIC silicon, to bring more enterprise-grade switching capabilities to the industrial edge for industries operating in harsh environments and supporting critical infrastructure like utilities, oil and gas, roadways, and rail.
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Cisco Systems is one of the market's largest providers of Network switches and solutions. The company has a diversified set of offerings through its business segments and has a strong worldwide presence. Cisco Systems also establishes strategic partnerships with its suppliers, dealers, retailers, and other stakeholders. For instance, in 2022, the company announced Cisco Catalyst 9000 network switches portfolio, based on the powerful Unified Access Data Plane (UADP) ASIC silicon, to bring more enterprise-grade switching capabilities to the industrial edge for industries operating in harsh environments and supporting critical infrastructure like utilities, oil and gas, roadways, and rail. Partnerships, acquisitions, and collaborations have been the major strategies adopted by the company for its business growth. These strategies have helped it broaden its offerings in the Network Switch market. In addition, the company makes significant investments in R&D. In 2022, it invested ~13% of its revenue in R&D. The company sells its products in more than 150 countries in three geographic regions: the Americas; Europe, the Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC). The company is involved in various strategic alliances for exchange, product development, joint sales, marketing, or new market creation.
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Huawei Technologies is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. Huawei Technologies holds a strong portfolio of products and solutions in the Network switch market. The company’s broad range of Network switch products and solutions are used across diverse verticals such as government, financial institutions, healthcare IT, and technology providers. Huawei Technologies’ Network switch products have been adopted by more than 12,000 customers worldwide in industries including government, finance, energy, and transportation, helping customers upgrade to intelligent business systems. Besides its headquarters in China, the company has 66 offices in more than 60 countries. Huawei Technologies has been strategically implementing a mix of organic and inorganic growth strategies through new product development, innovations, and strategic product launches to sustain its position in the market. For instance, in March 2022, Huawei has unveiled two all-new CloudEngine high availability multicast (HAM) data center switches CloudEngine 8850-HAM and CloudEngine 6860-HAM, which are ideal for the securities, insurance, and high-end manufacturing sectors, helping enterprises build large-scale production and transaction systems. Such strategic choices made by the company support its growth in the Network Switch Industry.
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