Seoul, South Korea, July 14, 2022 (GLOBE NEWSWIRE) — USA, Rockville MD: According to Fact.MR, a market research and competitive intelligence provider, the global managed switch market is estimated to reach US$17.6 billion in 2022 and is expected to grow at an impressive CAGR of 8.4% over the forecast years 2022-2032.
Managed switches are network switches that interconnect nodes and transfer data at standard Ethernet rates. They function as a central hub between printers, computers, storage arrays and scanners, and connect them to the local area network (LAN). The advantage of using a managed switch over a router is that it allows multiple devices to be connected on the LAN by making more than one switch port available. Managed network switches enable efficient methods of sharing information and allocating resources, thereby improving overall productivity and increasing business revenue.
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Technological intervention and the development of new smart devices are advancing at a rapid pace, driving the demand for managed switches along with it. One factor that has significant importance in the growing demand for managed switches is their advanced security and manageability.
What should managed switch manufacturers be aware of?
“Lack of trained professionals and high costs involved in maintaining and updating managed switches”
The lack of trained professionals to assist in the implementation of managed switches is hindering the growth of this market. Additionally, due to the costs of maintaining and updating all network resources, enterprises are reluctant to deploy managed switches.
While no electronic device can be 100% efficient, maximizing output and performance is important and still a challenging task, and managed Ethernet switches are no exception. The complexity of the design process remains one of the main challenges.
Even when gigabit-managed switch ports are not actively operational, they consume a certain amount of power, which incurs additional operational costs. High costs associated with design complexity and high power consumption of managed switches can undermine market potential.
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Key Segments Covered in Managed switches Industry survey
- Managed Switches Market by Number of Ports:
- Less than 8 ports
- 8-16 ports
- 16-24 ports
- 24-48 Ports
- Above 48 ports
- Managed Switches Market by Switch Speed:
- less than 500 Mbps
- 500Mbps – 1Gbps
- 1-10 Gbps
- 10-50 Gbps
- Above 10 Gbps
- Managed Switches Market by Layer Type:
- Managed Switches Market by Switch Type:
- Stackable Managed Switches
- Standalone Managed Switches
- Managed Switches Market by Device Type:
- Managed Switches Market by Sales Channel:
- Online sales
- Business websites
- E-commerce platforms
- Offline sales
- Specialty stores
- Electronics stores
- Online sales
Managed switch manufacturers aim to expand their existing product portfolios and further increase their business revenue. Some of the major players in the market are coming up with new products to meet the growing demand for efficient management of networking operations.
New product updates are expected to spur manufacturers to improve and innovate in product design, thereby increasing market competitiveness. New entrants to the global market are encouraged by lucrative prospects and favorable legislation.
Leading manufacturers use advanced technology to differentiate their products from the competition and strengthen their position in the global market. Nearly 2/3 of the market is captured by high-profile players, which is a potential obstacle for new entrants to mark their position in the market. Moreover, the highly competitive market environment makes it difficult for new entrants to grow organically.
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The key players in Managed switches Market
- Allied Telesis, Inc.
- Beckhoff Automation
- NETGEAR, Inc.
- Brocade Communication Systems, Inc.
- Cisco Systems Inc.
- Dell Technologies
- D-Link Corporation
Main takeaways from Managed switches Market research
- The North America managed switch market is expected to grow at an impressive CAGR of 7.9% and create an absolute dollar opportunity of US$6.7 billion by 2032.
- The global managed switch market recorded a CAGR of 4.6% during the period 2017-2021.
- By number of ports, managed switches with 16 to 24 ports dominate the market and are valued at US$5.1 billion in 2022.
- The PoE device type led the market with 63% market share in 2021.
- Combined, the electrical & electronics and IT & telecommunications end-use industries are expected to account for 41.4% market share in 2022.
- By region, the demand for managed switches is expected to grow at CAGRs of 10.1% and 5.4%, respectively, in South Asia and Oceania and Latin America.
About Fact.MR Technology Division
Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced technology team help customers around the world meet their unique business intelligence needs. With a repository of over a thousand reports and over a million data points, the team has analyzed the tech industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.
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