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Global Network Switches Market Size To Worth USD 52.98 Billion By 2032 | CAGR of 5.8%

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New York, United States , June 29, 2023 (GLOBE NEWSWIRE) — The Global Network Switches Market Size is to grow from USD 30.15 billion in 2022 to USD 52.98 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.

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Network switches are essential devices that connect multiple devices within a local area network (LAN). Operating at the data link layer, they analyze incoming data packets to determine their destination MAC addresses and efficiently forward them to the appropriate devices. Switches offer improved performance, security, and scalability compared to hubs. With varying port capacities and support for different network speeds, they enable faster and more reliable data transmission. Features like VLAN support and Quality of Service (QoS) prioritization further enhance network management and efficiency. Network switches play a vital role in modern network infrastructure, facilitating seamless communication and data transfer.

Browse key industry insights spread across 200 pages with 120 Market data tables and figures & charts from the report on,Global Network Switches Market Size, Share, and COVID-19 Impact Analysis, By Type (Fixed Configuration Switches, Managed Switches, Unmanaged Switches, PoE Switches, and Modular Switches), By Switching Port (100 MBE & 1 GBE, 2.5 GBE & 5 GBE, 10 GBE, 25 GBE & 50 GBE, 100 GBE, and 200 GBE & 400 GBE), By End-User (Data Center, Cloud Service Providers, Telecom Service Providers, Large Enterprise or Private Cloud, and Non-Data Center), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032.” Get Detailed Report Description Here:

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The PoE switches segment is expected to grow at a CAGR of around 5.7% during the forecast period.

Based on type, the global network switches market is segmented into fixed-configuration switches, managed switches, unmanaged switches, PoE switches, and modular switches. The Power over Ethernet (PoE) switches segment is anticipated to witness significant growth during the forecast period. This growth can be attributed to the increasing adoption of IoT devices, such as IP cameras, wireless access points, and VoIP phones, that rely on PoE technology for both power and data transmission. The convenience and cost savings offered by PoE switches, as they eliminate the need for separate power cables, reduce installation complexity, and enable centralized power management. Furthermore, the rising demand for smart homes and smart buildings, where PoE switches play a crucial role in powering and connecting various IoT devices, contributes to the segment’s growth. The ability of PoE switches to provide power and data connectivity in a single infrastructure makes them a preferred choice for modern network deployments.

The cloud service provider is expected to grow at a CAGR of around 6.3% during the forecast period.

Based on end-user, the global network switches market is segmented into data center, cloud service providers, telecom service providers, large enterprise or private cloud, and non-data center. The cloud service provider segment is poised for significant growth in the forecast period. Several factors contribute to this anticipated expansion because of organizations across various industries are increasingly adopting cloud computing solutions to streamline operations, enhance scalability, and reduce infrastructure costs. As businesses migrate their applications and data to the cloud, the demand for cloud service providers to deliver reliable, secure, and scalable cloud infrastructure and services rises. Additionally, the proliferation of emerging technologies like artificial intelligence, machine learning, and big data analytics further drives the need for robust cloud platforms provided by cloud service providers.

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Asia-Pacific is estimated to grow at the highest CAGR of around 6.9% over the projected period.

Based on region, the Asia-Pacific region is expected to witness the fastest growth in the network switches market during the forecast period. This can be attributed to several factors due to experiencing rapid urbanization and industrialization, leading to the establishment of numerous businesses and organizations that require robust networking infrastructure. The increasing adoption of cloud computing, IoT, and digital transformation initiatives in countries like China, India, and Japan is driving the demand for advanced network switches to support the growing data traffic. Additionally, government initiatives promoting smart cities and the deployment of high-speed internet infrastructure further fuel the demand for network switches.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global network switches market include Cisco Systems, Huawei Technologies, HPE Aruba, Juniper Networks, Arista Networks, Netgear, D-Link Corporation, Extreme Networks, NVIDIA Corporation, TRENDnet, Lantronix, Alcatel Lucent Enterprise, and Dell Technologies. 

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Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global network switches market based on the below-mentioned segments:

Network Switches Market, By Type

  • Fixed Configuration Switches
  • Managed Switches
  • Unmanaged Switches
  • PoE Switches
  • Modular Switches

Network Switches Market, By Switching Port

  • 100 MBE & 1 GBE
  • 2.5 GBE & 5 GBE
  • 10 GBE
  • 25 GBE & 50 GBE
  • 100 GBE
  • 200 GBE & 400 GBE

Network Switches Market, By End-User

  • Data Center
  • Cloud Service Providers
  • Telecom Service Providers
  • Large Enterprise or Private Cloud
  • Non-Data Center

Network Switches Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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Artificial Intelligence

Dongfa Group’s Gas Scenario + Digital Twin Technology, Leads the Industry with New AI Trend

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–Highlights of the 2024 Exhibition
SHANGHAI, May 23, 2024 /PRNewswire/ — From May 17 to 19, 2024, China(Shanghai) International Metrology Measurement Technology and Equipment Exhibition was held at the Shanghai World Expo Exhibition and Convention Center. Dongfa Group participated in the exhibition, showcasing its latest research achievements. At the expo, Chairman Liu Ming of Dongfa Group conducted the lighting ceremony and announced the official launch of the “Smart Gas Comprehensive Supervision Platform,” demonstrating the convenience and efficiency achieved through the smart management of municipal gas meters.

Dandong Dongfa (Group) Co., Ltd., established in 1962 and headquartered in Singapore, was formerly known as Dandong Thermal Instrument Co., Ltd. As an integrated group company engaged in research, production, and operations, Dongfa Group is dedicated to the development and application of instruments and meters. Its product range includes IC card gas meters, wired direct-reading remote diaphragm gas meters, wireless direct-reading remote diaphragm gas meters, NB-IoT IoT meters, and ultrasonic gas meters. These products incorporate the technical features of similar domestic and international products, offering high accuracy, reliability, and stability, making the company a leading smart gas meter manufacturer in China.
At the expo, Dongfa Group showcased its Smart Gas Comprehensive Supervision Platform, which integrates AI, IoT, cloud computing, and big data. This platform connects the topological structure of all aspects of gas operations and consolidates all relevant data involved in production management and operation maintenance. This integration enhances the comprehensive research and development and operational maintenance capabilities of the big data governance system.
At the same time, Dongfa Group is empowering comprehensive management and control with digital twins, AI, and big data. By leveraging digital twins, AI models, and 5G technology as data elements, the company is constructing a unified citywide network and a digital twin map of the gas pipeline network. This enables deep integration of AI monitoring, pressure and leakage detection, smart terminals, and other sensing devices with gas operations, ensuring the comprehensive safety and supply of urban gas.
Digital twin gas technology not only provides auxiliary support for pipeline design, but also plays a crucial role in intelligent emergency response and precise distribution. Especially in the operation of gas stations, it enables comprehensive real-time monitoring, intelligent integrated operation scheduling, proactive warning, emergency event command plans, and other effects, thereby improving the efficiency and safety of gas management.
However, there have been numerous incidents of data leakage involving smart AI devices in recent years. Sensitive data is being collected or even sold by malicious actors, leading to the disclosure of confidential information, resulting in significant economic losses and even legal risks.
To ensure the security of both enterprise and user data, Dongfa Group utilizes Digital Envelope technology to encrypt and decrypt data packets during data collection and distribution. This approach combines the advantages of both symmetric and asymmetric encryption technologies for secure information transmission, enabling fast, efficient, and secure encryption and decryption processing for the smart gas digital business sector. This ensures the security and integrity of data during transmission.
Visitors at the expo showed strong interest in the new products and technologies exhibited by Dongfa Group. Dongfa Group has always been committed to driving the development of the smart instrumentation industry through technological innovation. Through this exhibition, the company not only showcased its technical prowess but also strengthened communication and collaboration with industry peers. Looking ahead, they aim to join hands in opening a new chapter in the smart instrumentation industry.
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Artificial Intelligence

QNAP S3-compatible Storage Solution “QuObjects” Certified as Veeam® Ready – Object with Immutability

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TAIPEI, May 23, 2024 /PRNewswire/ — QNAP® Systems, Inc., a leading computing, networking, and storage solution innovator, today announced that its S3-compatible object storage solution “QuObjects” has qualified as Veeam® Ready – Object with Immutability, applicable for QNAP NAS with QTS and QuTS hero operating systems. This certification underscores the reliability of QuObjects as a secure object backup solution for enterprises, enhancing data management efficiency and upmost security.

QuObjects is the S3 object storage solution for QNAP NAS, boasting read/write speeds 20 times faster than conventional cloud services, along with a highly flexible and scalable architecture to ensure efficient transmission and flexibility in object storage. From object service development to demanding workloads like machine learning and data lakes, QuObjects assists enterprises in achieving diverse application needs with higher cost effectiveness.
QuObjects supports Object Lock to ensure data immutability, further safeguarding against ransomware threats, cyberattacks, or human error. Coupled with access controls and authentication features, it provides comprehensive protection for object data security.
Jimmy Tam, Product Manager of QNAP, stated “Data security is critical for enterprises. With QuObjects certified by Veeam Ready – Object with Immutability, we empower organizations leveraging Veeam solutions to confidently opt for QNAP NAS for on-prem S3 object storage and backup, enjoying rapid transmission, extensive scalability, and steadfast security.”
QNAP is the preferred partner for Veeam object backup solutions. Learn more at Veeam Ready Object Partner and QNAP QuObjects- S3 Object Storage.
For more information and to view the full QNAP NAS lineup, please visit www.qnap.com.
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Artificial Intelligence

Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change

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SHENZHEN, China, May 23, 2024 /PRNewswire/ — Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company’s commitment to driving sustainable social innovations in the fight against climate change.

CarbonX was launched in March 2023 to advance the next generation of low-carbon technologies. Tencent has committed RMB 200 million (US$28 million) in catalytic funding over the next three years to innovative ideas that might otherwise languish or fail to gain traction.
CarbonX’s first phase focused on carbon capture, utilization, and storage (CCUS), as well as technology-based carbon removal. These solutions were chosen for their unique ability to curb emissions from hard-to-abate industries such as steel and cement, mitigate the continued reliance on fossil fuels, and reduce legacy emissions created from decades of industrialization.
Backed by Tencent’s mission of Tech for Good and an alliance of like-minded industry partners, CarbonX aims to help these cutting-edge technologies make the leap from the research or early startup stage to commercial scale. The ultimate goal is supporting them in making a significant impact toward the targets outlined in the Paris Agreement, which includes a 45 percent reduction in emissions by 2030 and achieving net-zero emissions by 2050.
Dr. Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab, said: “Technology innovation serves as the driving force to accelerate our progress toward achieving carbon neutrality. CarbonX program is aimed at fostering the growth of these technologies, driving positive impact across society, and laying the groundwork for a more sustainable future.”
Professor Jerry Yan, Chair Professor of the Hong Kong Polytechnic University and Co-chairman of the CarbonX expert committee, said: “To pave the path for a greener economy, we must champion the development of cutting-edge low-carbon technologies. Just as solar and wind power were nurtured in their infancy, emerging solutions like CCUS and tech-based carbon removal demand our early support.”
The program assembled a panel of experts from academia, industries, and the investor community as the jury, and welcomed submissions from diverse participants across three distinct tracks:
CarbonX Lab: Designed to incubate research institutions, universities, or labs that bring in game-changing climate solutionsCarbonX Accelerator: Designed to accelerate the growth of climate-tech startups that exhibit commercialization potentialCarbonX Infrastructure: Designed to support capacity building to facilitate industry developmentThe finalists comprise four projects from the Lab track, six from the Accelerator track, and three from the Infrastructure track. These projects explore innovative solutions, such as using steel slag to capture and store carbon directly from furnace exhaust, converting CO2 into sustainable aviation fuel and valuable chemicals through electrochemical reactions or microorganisms, and employing new approaches to directly capture CO2 from the atmosphere with the hope of slashing the cost to less than US$150 per ton.
Meanwhile, Tencent is also collaborating with Tsinghua University to develop a comprehensive system of Measure, Reporting and Verification (MRV) tools to accurately gauge progress toward decarbonization.
Aside from receiving financial and advisory support, several projects will also have the opportunity to collaborate with industry partners and test their research beyond the laboratory setting.
Building upon the success of the first phase, Tencent is poised to launch the second iteration of CarbonX globally as early as later this year in pursuit of early-stage climate tech innovation.

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