Global Switching Equipment Market
Information Technology

Insights Into The Switching Equipment Market’s Growth Opportunities Through 2023-2032 – Includes Switching Equipment Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increase in the popularity of IoT devices among the populace are expected to drive innovation in switching equipment manufacturing, thus driving the market during the forecast period.

 

The global switching equipment market is expected to grow from $42.93 billion in 2022 to $46.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The global switching equipment market size is expected to grow to $60.58 billion in 2027 at a CAGR of 7.0%.

 

Get A Free Sample On The Global Switching Equipment Market Report:
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Global Switching Equipment Market Segments Include:

  • By End User:Small Enterprises, Medium Enterprises, Large Enterprises
  • By End-Use Industry:Automotive, Healthcare, Telecommunications
  • By Application:Enterprise And Industrial Usage, Telecommunication Providers, Servers And Storage Providers
  • By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global switching equipment market in 2021.

 

Major Market Players in the switching equipment market include ADVA, Ciena Corporation, Ericsson, Huawei Technologies, Alcatel-Lucent, ZTE, Infinera Corporation, Fujitsu Limited, ECI Telecom Ltd.

 

Power over Ethernet (PoE) technology is gaining importance in the 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. For instance, there is no need for the users to purchase and install additional electrical wires and outlets for PoE network switches and this saves installation and maintenance costs.

 

The Switching Equipment Global Market Report 2023  provides a switching equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The switching equipment market forecast analyzes switching equipment market size, switching equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Switching equipment is any mechanical, electrical, pneumatic, or hydraulic device used to make and break the electric current in a circuit.

 

Explore Similar Reports From The Business Research Company:

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