World News: 15:00 GMT Wednesday 11th September 2019. [Allied Market Research via Globe Newswire via SPi World News]
Portland, Sept. 11, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the was estimated at $12.86 billion in 2018 and is expected to hit $28.70 billion by 2026, registering a CAGR of 10.1% from 2019–2026. The report provides a detailed analysis of the top winning strategies, top investment pockets, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.
Development in cloud computing & edge computing and government regulations regarding localization of data centers drive the growth of the global data center switch market. On the other hand, high data center operational cost restrains the growth to some extent. However, an increase in smart computing devices is expected to create an array of opportunities in the near future.
Based on technology, the ethernet segment contributed to nearly three-fourths of the total market share in 2018 and is expected to dominate throughout the study period. The Infiniband segment, on the other hand, is expected to grow at the fastest CAGR of 19.1% during 2019–2026.
Based on switch type, the ToR switch segment accounted for more than two-fifths of the total market revenue in 2018 and is anticipated to retain its top status till 2026. The same segment would also cite the fastest CAGR of 12.5% throughout the study period.
Based on geography, the North America region held the largest share in 2018, generating nearly two-fifths of the total market. At the same time, the LAMEA region would cite the of 12.5% by 2026.
The key market players analyzed in the global data center switch market report include Jupiter Networks, Ericsson, Dell EMC, Arista Networks, ZTE, Hewlett Packard Enterprise, Mellanox, Cisco, Huawei, and Extreme Networks. These market players have incorporated an array of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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Globe Newswire: 15:00 GMT Wednesday 11th September 2019
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