Switching equipment market comprises of sales of switching equipment & related services. Switching equipment characterizes as a device that opens & closes electric circuits in general. These are used to build the connections between nodes within a network. Information is shared on establishing a connection between the nodes. The switching equipment industry includes various establishments that manufacture switching equipment including contactors, circuit breakers, switch disconnectors, and disconnectors.
According to study, “Switching Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global switching equipment market are Ericsson, Huawei Technologies, Alcatel-Lucent, ADVA, Ciena Corporation, ZTE, Infinera Corporation, Cisco Systems, Inc, Tellabs, Inc, ADTRAN Inc, Fujitsu Limited, ECI Telecom Ltd, Aliathon Technology Ltd., Huawei Technologies, NEC Corporation, Nokia Siemens, Cyan, BTI, Ekinops, JDS Uniphase Corporation.
Based on product and services, switching
equipment market is segmented as digital mobile communication switching
equipment, digital telephone switching equipment, IP phone switching equipment,
digital data network switching equipment and other switching equipment. Based
on end-user, market is segmented as small enterprises, medium enterprises and
large enterprises. Based on end-use industry, market is segmented as
healthcare, automotive and telecommunications. In addition, based on
application, market is segmented as telecommunication providers, enterprise
& industrial usage and servers & storage providers.
The switching equipment market is
driven by increase in popularity of Internet of Things (IoT) devices among the
populace. IoT is becoming popular as people are using smart devices and are
generally working on their errands, communication, office work,
sending/receiving messages using smart devices, therefore overwriting the
traditional way. However, the installation process of network switches is very
complex as it involves high accuracy and many sub-processes that may impact the
market during the historic period. Installing network switches are very complex
because these switches many functions for instance allow connections to
multiple devices, manage VLAN security settings, manage ports, and others.
Additionally, the degree of complexity is comparatively low when it comes to
small network in a home or enterprise. For wide network enterprises, the
installation process can take an extended time to get completed. Moreover,
growth in Power over Ethernet (PoE) technology is a key trend for network
switches. PoE switches reduce clutter and can be used to both smart and managed
switches. PoE technology also has the ability for combining the networking and
electrical power into one cable and provides the data connection and electrical
power to the powered devices. Additionally, PoE installation can provide many
benefits such as reliability, flexibility, and cost-efficient.
Based on geography, the
North-American is a leading region in global switching equipment market owing
to increase in use for various communication networks such as internet, mobile,
telephone, telegraph, and optical in the region. The Asian-Pacific and European
regions are estimated to witness higher growth rate due to improved facilities
and large-scale network development over the forecast period. It is predicted
that future of the global market will be bright as a result of increase in
number of mobile phone users during the forecast period. In 2019, the global
switching equipment market was valued at US $191.93 billion and it is projected
to grow at a compound annual growth rate (CAGR) of 7.36% and reach US $255.02
billion by 2023.
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Global
Switching Equipment Market
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