Selbyville, Delaware, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Estimates cite that global data center switch market size had reached a valuation of USD 13612.05 million in 2020 and is likely to witness stellar growth through 2026. This rapid expansion can be primarily attributed to growing usage of data-intensive applications such as video streaming services, cloud computing, mobile broadband internet connectivity, and Big Data analytics.
Apart from this, the document highlights several market segmentations such as switch type, technology type, bandwidth type, and end-user analysis, while elaborating on their relevant impact on the overall industry remuneration. It also covers the geographical reach of the market, and offers crucial insights pertaining to the industry participants in terms of growth strategies implemented and innovative product launches.
There has been an upsurge in internet traffic owing to widespread adoption of video streaming platforms. This has impelled the demand for an advanced network infrastructure, thereby stimulating the overall industry outlook.
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An overview of the market segmentations
Switch type
In terms of switch type, the industry is bifurcated into access switches, distribution switches, and core switches. Among these, analysts claim that access switches segment is poised to account for the largest share in global data center switch market by the year 2026. Access switches are known to offer high network connectivity to several end-users as well as distribution platforms, which in turn is paving the way towards the segmental growth.
Technology Type
As per technology type, worldwide data center switch industry is split into InfiniBand, Fiber Channel, and Ethernet. Currently, the ethernet segment holds the largest market share and is slated to display similar expansion trends in the forthcoming years. Ethernet is the most widely used technology with several providers offering advanced and cost-effective solutions, thereby favoring the overall business outlook.
Bandwidth Type
By bandwidth, the market is segmented into >100 Gbps, >40 Gbps to <100 Gbps, >10 Gbps to <40 Gbps, and >1 Gbps to <10 Gbps. As per reliable estimations, >1 Gbps to <10 Gbps segment is reckoned to generate lucrative revenues for global data center switch market by 2026. Increasing utilization of this bandwidth due to growing demand for high speed connectivity is favoring the overall market scenario.
Regional Outlook
Global data center switch industry sphere is bifurcated into Americas, Asia-Pacific, and Europe. According to credible predictions, Americas is likely to emerge as a key revenue generator for the overall market in the ensuing years. Growing demand for cloud computing technologies owing to rising number of connected devices including virtual reality systems, PCs, and autonomous vehicles are adding traction to Americas data center switch market size.
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Global Data Center Switch Market by Switch Type (Revenue, USD Million, 2016-2026)
- Access Switches
- Distribution Switches
- Core Switches
Global Data Center Switch Market by Technology (Revenue, USD Million, 2016-2026)
- InfiniBand
- Fiber Channel
- Ethernet
Global Data Center Switch Market by Bandwidth (Revenue, USD Million, 2016-2026)
- >100 Gbps
- >40Gbps to <100Gbps
- >10Gbps to <40Gbps
- >1Gbps to <10Gbps
Global Data Center Switch Market End-user Analysis (Revenue, USD Million, 2016-2026)
- Cloud Service Providers
- Government Organizations
- Telecommunication Industry
- Enterprises
Global Data Center Switch Market Geographical Landscape (Revenue, USD Million, 2016-2026)
Americas
- Brazil
- Canada
- United States
Europe
- France
- Germany
- United Kingdom
Asia-Pacific
- India
- South Korea
- Japan
- China
Global Data Center Switch Market Competitive Dynamics (Revenue, USD Million, 2016-2026)
- Arista Networks
- Juniper Networks Inc.
- Hewlett Packard Enterprise Co.
- Extreme Networks
- NEC Corporation
- ZTE Corporation
- Fortinet
- Dell
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc.
Related Report:
Data Center UPS Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Global Data Center UPS Market is expected to be around USD 5 billion by 2026. Increasing number of new data centers globally will drive the market growth over the forecast timespan. Growing need for data storage is encouraging cloud service providers to construct a large number of data centers globally, resulting in the consumption of a large amount of energy. In order to reduce PUE ratio and increase energy efficiency, data center operators are implementing advanced power management devices such as smart UPS, intelligent rack PDUs, and battery monitoring equipment. This trend is anticipated to continue further in the data center industry over the forecast period. Moreover, data centers include ultra-miniature components in network devices, storage systems, and servers, which are susceptible to falter and fail under power conditions. Such factors are resulting in increasing installation of UPS in data centers to manage power outages and ensure the smooth functioning of equipment.
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