Increase in Popularity of Internet of Things (IoT) Devices Expected to Drive Global Switching Equipment Market: Ken Research

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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