Multi-Gigabit Switch Market - Forecasts from 2024 to 2029

The multi-gigabit switch market was valued at US$793.261 million in 2022 and is expected to grow at a CAGR of 6.49% during the forecast period.

Multi-gigabit switches are network switches that support Multi-Gig ethernet speeds. These switches, which have multi-gigabit ports and can handle higher bandwidth requirements, serve as essential components for building robust and future-proof networks. Booming high-speed network connectivity has emerged as a significant driving force behind the substantial growth of the multi-gigabit switch industry.

Market Drivers

Surging high-speed network connectivity bolsters the multi-gigabit switch market growth.

The multi-gigabit switch is at the leading edge of high-speed network connectivity, serving as a critical infrastructure component for organizations dealing with ever-increasing data demands. This advanced networking device outperforms the standard 1 Gigabit per second speed, providing a variety of faster data transfer rates, including 2.5 Gbps, 5 Gbps, and 10 Gbps. The increasing demand for high-speed network connectivity is fuelling the demand for multi-gigabit switches. For instance, PLANET technology Communication’s “MGS-910X” multigigabit ethernet switch is a cost-effective switch with eight 10/100/1G/2.5GMbps ports and one 10GBASE-X SFP+ uplink port, allowing to enter the 2.5G generation and high-speed network connectivity on an affordable basis.

Rise in Wi-Fi 6 and Wireless Connectivity drive multi-gigabit switch market growth.

Multi-gigabit switches are essential for providing the wired infrastructure necessary to support these high-speed wireless connections. With the adoption of Wi-Fi 6, wireless access points can deliver multi-gigabit wireless speeds. The introduction of the latest generation of Wi-Fi Certified 6TM marked the start of a new era for Wi-Fi, and regulators around the world are allocating new spectrum in the 6 GHz band for unlicensed use, establishing the way for Wi-Fi 6E to deliver an ever-increasing number of benefits to businesses and consumers.

Booming support for 2.5GBASE-T and 5GBASE-T technologies drives the multi-gigabit switch market expansion.

Multi-gigabit switches play a vital role in ethernet standards. The support for 2.5GBASE-T and 5GBASE-T technologies in the multi-gigabit switch market is growing considering these options provide a balance between increased speed, cost-effectiveness, and compatibility, making them attractive solutions for organizations seeking to enhance their network capabilities gradually and efficiently.

North America is expected to account for a considerable market share.

North America currently holds the largest share of the global multi-gigabit switch market due to factors such as the increase in cutting-edge technology and increasing demand for high-speed networks. Additionally, the governments of the US and Canada’s investments in high-speed connectivity are also one of the driving factors of the multi-gigabit switch market For instance, in June 2023, The Biden-Harris Administration announced a $40 billion investment to connect everyone in America to affordable, dependable, high-speed internet and another $2 billion for the Tribal Broadband Connectivity Program, which offers grants to officially recognized tribal governments, tribal organizations, tribal universities, and colleges.

Market Challenges

Cost Considerations will restrain the multi-gigabit switch market growth.

Cost considerations play a vital role in the adoption of multi-gigabit switches within the networking market. Organizations considering integrating these high-speed solutions must carefully consider various cost factors to ensure a balanced investment. The deployment of multi-gigabit switches can be associated with higher costs compared to traditional networking solutions. It is important to note that the specific cost considerations may vary based on the size of the deployment, industry requirements, and the organization's unique needs.

Market Developments

• April 2023-D-Link launched two new multi-gigabitswitches to its portfolio, the 7-portMulti-Gigabit Unmanaged Switch (DMS-107) and the 10-portMulti-Gigabit PoE Smart Managed Switch (DMS-1100-10TP). It is a low-cost way to upgrade to a multi-gigabitnetwork. The switch, which has two 2.5 Gigabit and five Gigabit ports, provides a quick and easy way to upgrade networks to eliminate bottlenecks and maximize performance and throughput.

Company Products

• TP-Link 10G/multi-gigabit -The 10G/multi-gigabit managed switches from TP-Link are outfitted with 10 Gbps fiber, 10 Gbps copper, or 2.5 Gbps copper ports for maximum performance and low latency. Links to WiFi 6 access points, storing servers, and other switches and devices are simple to establish. All the multi-gigabit switches are managed centrally and are integrated into the Omada Software Defined Networking (SDN) system.
• Juniper EX2300 Multigigabit Ethernet Switch-The EX2300 Multigigabit Ethernet Switch is a 1 RU high-density solution for small network environments with limited space, power, and financial constraints. Multigigabit access ports (1/2.5GbE) provide connected device performance and strength, making them ideal platforms for access layer refreshes or new greenfield deployments.
• EnGenius Multi-Gigabit Switches-EnGenius Multi-Gigabit Switches improve your network with multi-gigabit flow rates and cloud administration ease. EnGenius Multi-Gig PoE switches support PoE++ (802.3bt) on any port to meet the growing demand for high-powered equipment such as Wi-Fi 6 access points, AV control devices, PTZ sensors, digital signage, and illumination.
• TRENDnet Multi-Gigabit Switches-TRENDnet's Multi-Gigabit Switches are offered with networking speeds of 2.5G, 5G, or 10G. Multi-gigabit switches are low-cost solutions for increasing network speed and performance while utilizing existing Cat5e or Cat6 cabling. Deliver the fastest speeds possible over your existing cables while saving time and resources on wiring and cabling infrastructure.

Segmentation

By Type

• Unmanaged
• Managed

By Network Speed

• 1GbE
• 2.5GbE
• 5GbE
• 10GbE

By Port Type

• Trunk Port
• Access Port
• Hydrid Port
• Others

By Enterprise Size

• Small
• Medium
• Large

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Others