A Market Place Research – Page 1379

Mobile Virtual Network Operator (MVNO) Market Share Growing Rapidly with Recent Trends and Outlook By 2023

The global Mobile Virtual Network Operator Market involves the study of various MVNO models, such as reseller, service operator, and full MVNO. MVNOs provide financial benefits to the mobile network operators (MNOs) through creation of new revenue streams, higher margins, and quicker return on investment.

The current business scenario has witnessed surge in the adoption of MVNO in the developed and the developing regions, owing to the technological innovations in service offerings, rise in adoption of cloud-based solutions, and increase in application areas for Internet of Things (IoT) & Long Term Evolution (LTE) among telecom industry.

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The full MVNO segment dominated in 2016, with around 54% revenue share of the global market, owing to the improved telecom infrastructure and enhanced market for wireless services & cloud solutions to cater to the untapped markets among the developing nations.

In addition, supportive growth through regulatory compliance and an increased number of mobile subscribers are expected to supplement the MVNO market growth during the forecast period. Growth in the development of telecom infrastructure expenditure in emerging countries improved service capabilities, and the presence of lucrative opportunities for the telecom industry are expected to fuel the demand for MVNO market.

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The MVNO market is categorized based on geography into North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor in 2016, accounting for around 41% share in the market. However, Asia-Pacific is projected to grow at the highest CAGR of 13.4% during the forecast period.

The report features the competitive scenario of the mobile virtual network operator (MVNO) market and provides the comprehensive analysis of the significant growth strategies adopted by the major players. The key players operating in the market include Tracfone Wireless, Inc., RedPocket Mobile, AirVoice Wireless, FreedomPop, Freenet AG, KDDI Mobile, Polkomtel Plus, Tesco Mobile Ltd, Virgin Mobile USA, and Kajeet, Inc.

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Key Findings of the MVNO Market:

• The full MVNO segment dominated the global market in 2016, and the service operator MVNO segment is expected to grow at the highest CAGR from 2017 to 2023.

• The cellular M2M segment is estimated to provide significant growth opportunities to the key players operating in the global market.

• The MVNO market in Europe is expected to be dominant in terms of market size. However, Asia-Pacific is estimated to register a significant growth rate in the future.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Cobalt Alloy Powder Market is projected to reach $490.9 million | Top Manufacturer, Trends, Growth Forecast to 2030

According to the report published by Allied Market Research, the global cobalt alloy powder market was estimated at $259.1 million in 2020 and is expected to hit at $490.9 million by 2030, registering a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Rise in demand for cobalt in the automotive and tooling industry and rapid development of 3D printing fuel the growth of the global cobalt alloy powder market. On the other hand, several health hazards associated with cobalt dust impede the growth to some extent. However, innovation in the manufacturing industry is expected to create lucrative opportunities in the sector.

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The key market players analyzed in the global cobalt alloy powder market report include Eramet, Freeport Cobalt Americas LLC, Sherritt International, Minara Resources Pty Ltd., Mitsui, Norilsk Nickel, Sandvik Materials Technology, Shepherd chemical company, Sumitomo Corporation, and Umicore- Cobalt & Specialty Materials. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

COVID-19 scenario-

Loss of man power and shut down of the majority of industries across the globe led to a sharp decline in demand for cobalt alloy powder based products from the manufacturing industries, especially in the initial phase. This factor impacted the global cobalt alloy powder market negatively.
Nevertheless, the overall situation is now getting ameliorated, and the market is anticipated to recoup soon.

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The global cobalt alloy powder market is analyzed across product, application, and region. Based on product, the CoCr alloy powder segment accounted for more than two-fifths of the total market share in 2020, and is expected to rule the roost by 2030. The CoCrMo alloy powder segment, on the other hand, would garner the fastest CAGR of 7.2% throughout the forecast period.

Based on application, the additive manufacturing and 3D printing segment contributed to nearly half of the total market revenue in 2020, and is projected to lead the trail by 2030. The brazing segment, however, would exhibit the fastest CAGR of 7.7% during the forecast period.

Based on region, the market across North America held the major share in 2020, garnering nearly two-fifths of the global market. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 9.6% throughout the forecast period. The other provinces discussed in the report include Europe and LAMEA.

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Technical Ceramics Market is projected to reach $13.09 billion | Top Manufacturer, Trends, Growth Forecast to 2026

The global technical ceramics industry was estimated at $8.03 billion in 2018 and is anticipated to register $13.09 billion by 2026, registering a CAGR of 6.2% during the period 2019 to 2026. Allied Market Research recently published a report, titled, “Technical Ceramics Market by Material (Oxide and Non-Oxide), Product (Monolithic Ceramics, Ceramic Coatings, and Ceramic Matrix Composites), and End-use Industry (Electronics & Semiconductor, Automotive, Energy & Power, Industrial, Medical, Military & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.”

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Drivers, restraints, & opportunities-

Rise in demand from several end-use industries and emergence of technical ceramics as a substitute to metal drive the growth of the global technical ceramics market. On the other hand, high energy costs for manufacturing technical ceramics impede the growth to some extent. However, development in electronics & semiconductor manufacturing in APAC and rapid growth of ceramics in healthcare industry are expected to usher in a number of opportunities in the industry.

Frontrunners in the industry-

Albemarle Corporation
Saint-Gobain S.A.
KYOCERA Corporation
KCC CORPORATION
Rauschert GmbH
McDanel Advanced Ceramic Technologies
Morgan Advanced Materials plc and 3M
NGK Spark Plug Co., Ltd.
CoorsTek Inc.

Leading market players

Mitsubishi Chemical Holdings Corporation
PPG Industries Inc.
DuPont
Solvay
SABIC
Sumitomo Bakelite Co. Ltd.
Toray Industries Inc.
Röchling
Hexcel Corporation
SGL Carbon

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The oxide segment garnered the lion’s share in 2018-

Based on material, the oxide segment accounted for more than three-fifths of the global technical ceramics market revenue in 2018, and is projected to rule the roost during 2019–2026. This is attributed to the high demand for alumina in electronics and electrical, automotive, energy and utility, and other industries. The non-oxide segment, on the other hand, would cite the fastest CAGR of 6.5% during the forecast period. Being an excellent abrasive material, these ceramics are increasingly used in grinding wheels application, which has boosted the segment growth.

The monolithic ceramics segment to lead the trail by 2026-

Based on product, the monolithic ceramics segment held the major share in 2018, generating more than two-thirds of the global technical ceramics market. The demand for monolithic ceramics was on the rise on account of drastic changes in the sales of consumer electronics such as laptops, smartphones, television, cameras etc. which has driven the growth of the segment. At the same time, the ceramic matrix composites segment would showcase the fastest CAGR of 6.8% throughout the study period. This is due to ceramic matrix composites (CMC) are advanced ceramic that exhibits a combination of properties such as relatively higher strength at elevated temperature, good corrosion and erosion behaviors, higher stiffness and toughness, high corrosion resistant power, and others.

Asia-Pacific, followed by North America, to dominate-

Based on geography, Asia-Pacific contributed to more than one-fourth of the global technical ceramics market share in 2018, and is expected to rule the roost by the end of 2026. Asia-Pacific has the presence of several established industries such as automotive, electronics and electricals, and energy & power, which collectively increases demand for technical ceramics in the province. Simultaneously, North America would register the fastest CAGR of 6.7% till 2026. Rise in adoption of technical ceramics in medical, and military & defense industries in the region has fueled the market growth.

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Balsa Core Materials Market is projected to reach $291 million | Top Manufacturer, Trends, Growth Forecast to 2025

The global balsa core materials market was valued at $199 million in 2017, and is projected to reach $291 million by 2025, growing at a CAGR of 4.8% from 2018 to 2025. Asia-Pacific dominated the global market, accounting for approximately 40% share in 2017. According to a new report published by Allied Market Research, titled, Global Balsa Core Materials Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025.

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The major companies profiled in this report are DIAB, Schweiter Technologies, BCOMP LTD., Carbon-Core Corp, Gurit Holding AG, Evonik Industries AG, I-Core Composites, LLC, CoreLite Inc., BONDi (Shandong) Environmental Material Company Limited, and Nord Compensati Spa.

Balsa core is the most commonly used end-grain wood core, which possesses high strength and stiffness to weight ratio. It offers advantages such as superior fire resistance, high sheer strength, wide operating temperature, and enhanced thermal & acoustic insulation. Increase in demand for lightweight materials in a wide range of end-use industries such as marine, aerospace, and construction is expected to fuel the market growth during the forecast period. However, minimum density and ability to absorb large amount of resins during lamination hamper the adoption of global balsa core materials, thereby restraining the market growth.

Balsa core materials are available in two types, monolayer and multilayer. The multilayer segment accounted for a significant share in 2017, and is expected to witness high growth rate during the forecast period, owing to higher energy absorption property of multilayer as compared to monolayer materials.

The wind energy segment accounted for a significant share in 2017, and is anticipated to maintain its dominance during the forecast period, due to rise in adoption of lightweight materials in wind energy applications worldwide.

Balsa core is considered as an economical substitute to higher priced foam cores, which is expected to augment the market growth. Moreover, surge in preference for balsa core materials is expected to increase in Asia-Pacific, owing to increase in wind turbine installations.

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Key Findings of the Balsa Core Materials Market:

In terms of value, the multilayer segment accounted for 66% share of the global market in 2016, and is expected to grow at a CAGR of 5.2% from 2018 to 2025.
Asia-Pacific is anticipated to witness the highest growth, registering a CAGR of 5.4%, in terms of value.
China and India are expected to occupy approximately 56% share of the total Asia-Pacific market by 2025.
India is expected to grow at a CAGR of 6.5%, in terms of value.
In 2017, Asia-Pacific accounted for the highest share, and is expected to continue its dominance during the forecast period.

In 2017, Europe and Asia-Pacific collectively accounted for more than 67% of the global balsa core materials market, in terms of value. The development of the shipping industry is one of the major trends responsible for the growth of the European balsa core material market. Furthermore, increase in trade activities through sea is projected to boost the demand for balsa core materials, thereby driving the growth of the market. Rise in investment in the construction and automotive industries is anticipated to further drive the market growth. Companies such as Schweiter Technologies and BCOMP Ltd. have significantly contributed to the growth of the European balsa core material market. For example, BCOMP Ltd. is involved in the development, manufacturing, and distribution of composite materials produced from natural fibers. In Asia-Pacific, development of the marine and wind power industries drives the growth of the market. Furthermore, upsurge in demand for balsa core materials across various industry verticals such as marine, wind power, construction, automotive, and furnishing boosts the market growth. Major economies, including, India, China, Japan, Korea, and Australia have contributed to the growth of the market.

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Email Encryption Market Scenario Highlighting Major Drivers & Growth Forecast – 2023

The global Email Encryption Market is projected to grow from USD 3.4 billion in 2020 to USD 11.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.

Major driving factors for the market include rise in BEC scams and spear phishing, growing number of email users globally, high demand for cloud-based email encryption services, and a mandate to comply with data protection directives.

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Cloud-based email encryption solutions provide scalability, efficiency, and 24/7 services to organizations. SaaS-based services offer a centralized service delivery model; hence, it is becoming more popular. The adoption rate of cloud-based email encryption is expected to be on the rise due to benefits, such as ease of use, and reduced installation and maintenance costs. The cloud deployment mode is the fastest-growing deployment mode in the email encryption market.

With the onset of COVID-19, the use of cloud services is gaining traction. Businesses are proactively deploying cloud-based email encryption solutions to protect end-users from zero-day threats and potential malware remotely. There are numerous key vendors that offer cloud-based email encryption services to their clients such as Trustifi, Virtru, Broadcom, Barracuda Networks, Forcepoint, Micro Focus, Proofpoint, and many more.

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Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global email encryption market during the forecast period. The email encryption market in APAC is projected to grow at the highest CAGR during the forecast period. APAC countries are increasingly investing in email encryption projects. The region comprises emerging economies, such as ANZ, China, Japan, Singapore, and the rest of APAC countries.

With the proliferation of IoT in the APAC region, security and fraud concerns have risen. Enterprises in the APAC region are embracing email encryption technologies. Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies, political transformation, and the growing digitalization, which is expected to have a significant impact on the business community and drive the email encryption market growth.

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Key Findings of the E-mail Encryption Market

The cloud-based segment is expected to exhibit a significant increase in the global e-mail encryption market growth during the forecast period.
In 2016, the BFSI segment accounted for the highest revenue among the other e-mail encryption applications.
Asia-Pacific region is anticipated to exhibit substantial growth during the forecast period.

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Phytosphingosine Market is expected to reach $1,882.9 million | Top Manufacturer, Trends, Growth Forecast to 2023

The phytosphingosine market was valued at $1,215.5 million in 2016, and is projected to reach $1,882.9 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023. Moisturizer was the highest revenue generating application in 2016, accounted for $693.4 million. The segment is projected to dominate the market in coming years. According to a new report published by Allied Market Research, titled, “Phytosphingosine Market by Application: Global Opportunity Analysis and Industry Forecast, 2014-2022,”

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The key players in phytosphingosine industry focus to expand their operations in the emerging countries by adopting various strategies such as acquisition and contact/agreement. The major players profiled in this report include AK Scientific Inc., Avanti Polar Lipids, Inc., Beckmann-Kenko GmbH, BOC Sciences, Doosan Corporation, Evonik Industries AG, MolPort, Sigma-Aldrich Co. LLC, Sungwun Pharmacopia Co. Ltd., and Tokyo Chemical Industry Co., Ltd.

Anti-acne products comprise phytosphingosine and the increased demand for anti-acne products has driven the phytosphingosine market growth. Also, bio-based products have witnessed a high demand, thereby supplementing the global market. In addition, the growth in pharmaceutical industry has high demands for phytosphingosine, which contributes well to the global phytosphingosine market. However, inconsistent yield throughout the year impedes the market growth.

Facewash is anticipated to grow at the fastest rate by 2023 because phytosphingosine as an ingredient in facewash is high in demand. Consumers are more inclined towards the use of natural solutions to maintain and improve skin functions, which is expected to provide substantial growth opportunity to the industry players. Facewash containing phytosphingosine cleanses, purifies, and tones the skin. The increase in use of phytosphingosine as an ingredient in facewashes, owing to its quality of reducing spots & blemishes, drives the global market.

Based on region, Europe dominated the global market in 2016 and is anticipated to remain dominant throughout the period. The growth of the European phytosphingosine market is driven by the shift in preference toward natural beauty products and rise in consumer attention toward anti-aging products. Saturation in the European cosmetic market and increase in consumer health and environmental awareness provide numerous growth opportunity for natural cosmetic products in this region, thus increase in the demand for phytosphingosine. Evonik Industries AG, MolPort, and Beckmann-Kenko GmbH are few of the leading players operating in the European phytosphingosine market.

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However, Asia-Pacific witnessed the second-highest growth rate during the forecast period. Change in lifestyle, higher disposable income, variation in climatic conditions, and surge in demand for skin & sun care products augment the market growth. Phytosphingosine is known to diminish signs of aging such as wrinkles, spots, and dullness. Thus, growth in aging & young population, rise in number of women entering the workplace, and increased women spending power boost the use of cosmetics, thus, fueling the growth further. Moreover, high demand for natural and herbal beauty & personal care products is expected to create ample growth opportunities for market expansion.

Key Findings of the Phytosphingosine Market:

In 2016, facewash accounted for the maximum market revenue, and is projected to grow at a CAGR of 6.1 % during the forecast period.
Moisturizer accounted for the maximum share in 2016, accounting for $335.8 million.
Europe generated the maximum revenue in 2016 and is anticipated to dominate the other regions during the forecast period.
Rest of LAMEA is the major shareholder in the LAMEA phytosphingosine industry, and accounted for more than 50% share in 2016.

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Sales Force Automation Software Market Have Witnessed Economic Boom in The Past Decades

Sales forecasting and others segments are expected to be the major revenue contributors to the global Sales Force Automation Software Market, due to increase in investment in business process automation and rise in tracking mechanism to measure inventory management. Moreover, the BFSI segment has witnessed high adoption of sales force automation software across various regions, owing to the associated benefits of advanced business insights related to customer engagement and increase in innovation in financial products.

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The sales force automation software is implemented across various industry verticals such as healthcare, BFSI, retail, consumer goods, and logistics for effective management of customer relationship, inventory, quote, and invoices management.The surge in ICT expenditure and increase in cloud adoption across several industry verticals, including telecom, BFSI, retail, healthcare, and others, are anticipated to augment the market penetration.

The prominent markets, such as Asia-Pacific and Europe, with developed cloud infrastructure, high adoption of Internet of Things (IoT) technology, and surge in demand for effective utilization of scarce resources are anticipated to fuel the sales force automation software market growth in the near future.

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North America was the highest revenue contributor to the global sales force automation software market in 2016, accounting for around 59.1% share, owing to surge in need to streamline the sales processes to reduce manual efforts required for the sales data and increase in demand for process automation. In addition, the market in the Asia-Pacific is projected to grow at the highest CAGR of 11.6% during the forecast period, due to automation of sales process and increased government spending to boost small & medium scale enterprise (SMEs) and business startups.

Furthermore, industry participants have focused on strengthening their business processes, such as inventory control, order & invoices management, and quote management, to measure the effectiveness of sales force automation software in other emerging markets such as Latin America, and the Middle East & Africa.

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KEY FINDINGS OF THE MARKET STUDY:

The cloud deployment segment accounted for the highest share of the global sales force automation software market in 2016, growing at a CAGR of 11% from 2017 to 2023.
North America sales force automation software market generated the highest revenue, accounting for $2,290 million in 2016.
The healthcare segment is expected to dominate the market, in terms of market share, during the forecast period.
U.S. was the market leader in 2016. In addition, China, Italy, India, and other emerging nations are projected to provide significant opportunities for the major players.

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Outdoor LED Display Market is Projected to Reach $14,522.40 Million by 2030, Registering a CAGR of 9.10%.

Surge in digital advertisements, enhanced power efficiency, and increase in number of digital sponsorships drive the growth of the global outdoor LED display market. Asia-Pacific held the highest share, contributing to more than one-third of the total market share in 2019, and is estimated to maintain the highest share by 2027. Due to lockdown, the utilization of outdoor LED displays has reduced considerably as marketing will prove to be futile.

According to the report published by Allied Market Research, the global outdoor LED display market garnered $7.42 billion in 2019, and is expected to reach $17.41 billion by 2027, registering a CAGR of 11.4% from 2020 to 2027. The report provides an extensive analysis of changing market dynamics, key winning strategies, top investment pockets, business performance, and competitive landscape.

Surge in digital advertisements, enhanced power efficiency, and increase in number of digital sponsorships drive the growth of the global outdoor LED display market. However, high investments and installation costs restrain the market growth. On the other hand, alternate LED advertisement designs to present new opportunities in the coming years.

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Covid-19 scenario:

Due to lockdown, the utilization of outdoor LED displays has reduced considerably as marketing will prove to be futile.
Production facilities have stopped operations to reduce prevalence of coronavirus. Moreover, the supply chain has been disrupted.
As lockdown restrictions are loosened, these displays have been utilized by governments to spread awareness regarding measures to be taken for prevention of coronavirus infection.

The report offers detailed segmentation of the global outdoor LED display market based on type, application, and region. Based on type, the individually mounted segment held the highest share in 2019, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the surface mounted segment is projected to register the highest CAGR of 11.9% from 2020 to 2027.

Based on application, the billboards segment accounted for the largest share in 2019, contributing to more than one-third of the total share, and is projected to continue the largest share throughout the forecast period. However, the traffic lights segment is estimated to portray the fastest CAGR of 13.5% during the forecast period.

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Based on region, Asia-Pacific held the highest share, contributing to more than one-third of the total market share in 2019, and is estimated to maintain the highest share during the forecast period. Moreover, this region is estimated to register at the highest CAGR of 12.6% from 2020 to 2027. North America accounted for the second-highest market share in 2019 and will maintain its position by 2027.

Leading players of the global outdoor LED display market analyzed in the research include Barco, Electronic Displays Inc., Daktronics, Inc., Leyard, Galaxia Electronics, Lighthouse Technologies Limited, LG Electronics, Sony Corporation, Panasonic Corporation, and Toshiba Tec Corporation.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Semiconductor Wafer Market is Projected to Reach $27.13 Billion by 2030, Registering a CAGR of 4.8%.

Rise in demand for ultra-thin wafers, high adoption of consumer electronics devices, surge in internet of things (IoT) technology, and growth in the semiconductor industry consumption drive the growth of the global semiconductor wafer market. However, the outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of all manufacturing units, which in turn, affected the global semiconductor wafer market.

According to the report published by Allied Market Research, the global semiconductor wafer market generated $16.87 billion in 2020, and is projected to reach $27.13 billion by 2030, witnessing a CAGR of 4.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Rise in demand for ultra-thin wafers, high adoption of consumer electronics devices, surge in internet of things (IoT) technology, and growth in the semiconductor industry drive the growth of the global semiconductor wafer market. However, complexities in manufacturing restrain the market to some extent. On the other hand, increase in investment in wafer fabrication equipment & materials and rise in use of wafers in the automotive industry present new opportunities in the upcoming years.

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COVID-19 scenario:

The outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of all manufacturing units, which in turn, affected the global semiconductor wafer market.
Furthermore, partial or complete lockdown caused disruptions in the global supply chain, which in turn led to difficulties in the supply of raw materials.
However, the semiconductor wafer market is anticipated to recover soon as COVID-19 vaccination drives have been initiated in various economies across the globe, which is expected to help the market recoup soon.

The report offers detailed segmentation of the global semiconductor wafer market based on product type, technology, wafer size, end use, and region.

Based on product type, the memory segment held the highest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the processor segment is estimated to register the highest CAGR of 6.1% from 2021 to 2030.

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Based on end use, the consumer electronics segment held the largest market share in 2020, holding more than one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. However, the automotive segment is projected to register the highest CAGR of 6.0% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding more than three-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is also projected to manifest the fastest CAGR of 5.2% during the forecast period. Other regions discussed in the report include North America, Europe, and LAMEA.

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Leading players of the global semiconductor wafer market analyzed in the research include Fujitsu Semiconductor Limited, Global Foundries, Global Wafers, micron, Semiconductor Manufacturing International Corporation (SMIC), Shin Etsu, Siltronics, Sumco, Taiwan Semiconductor Manufacturing Company (TSMC) Limited, and United Microelectronics Corporation (UMC).

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Data Center Switch Market is Projected to Reach $24.6 Billion by 2031, Growing at a CAGR of 5.9%.

A rise in the adoption of IoT & cloud computing and increase in demand for switch data center security, particularly in developing regions drive the growth of the global data center switch market.

Allied Market Research published a report, titled, “Data Center Switch Market by End User (Retail, BFSI, IT and Telecom, Government and Defense, Manufacturing, Media and Entertainment, Others), by Product Type (Ethernet, InfiniBand, Others), by Port Speed (10G, 25G, 40G, 100G, 400G, Others), by Switch Type (Core, ToR Switch, Others): Global Opportunity Analysis and Industry Forecast, 2021- 2031″. According to the report, the global data center switch industry generated $13.8 billion in 2021, and is anticipated to generate $24.6 billion by 2031, witnessing a CAGR of 5.9% from 2022 to 2031.

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Prime Determinants of Growth

A rise in the adoption of IoT & cloud computing and increase in demand for switch data center security, particularly in developing regions drive the growth of the global data center switch market. However, high operational cost of data centers hinders the market growth. Conversely, increase in smart computing devices presents new opportunities for the market in the coming years.

Covid-19 Scenario

The outbreak of the Covid-19 pandemic had a negative impact on the global data center switch market, owing to implementation of stringent lockdown which led to temporary closure or suspension of production activities in most of the industrial units across the world.
The COVID-19 outbreak caused lag in meeting demands for electronic components from end users as the epicenter of virus outbreak Wuhan, China accounts for the largest manufacturing items of electronic components.
European countries under lockdowns have suffered major loss of businesses and revenues due to the shutdown of manufacturing units in the region. Operations of production and manufacturing industries were heavily impacted by the pandemic, which led to slowdown in the growth of the global data center switch market.

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The Ethernet segment to maintain its leadership status throughout the forecast period

Based on product type, the ethernet segment held the highest market share in 2021, accounting for more than two-thirds of the global data center switch market, and is estimated to maintain its leadership status throughout the forecast period. Companies are launching ethernet layer 2 and layer 3 switches designed for enterprise, branch offices, and small- to medium-size businesses that offer flexibility and easy-to-manage solutions, which drives the segment. However, the infiniband segment is projected to manifest the highest CAGR of 7.6% from 2022 to 2031. This is attributed to the fact that these switches also provide high performance computing to data centers at competitive pricing with maximized results.

The 100G segment to maintain its lead position during the forecast period

Based on port speed, the 100G segment accounted for the largest share in 2021, contributing to nearly one-third of the global data center switch market, and is projected to maintain its lead position during the forecast period. 100G data center switches offer high performance environment that combines scalable L2 & L3 resources and high density with extensive automation and programmatic capabilities. The report also analyses segments including 10G, 25G, 40G, and 400G.

The ToR Switch segment to maintain its lead position during the forecast period

Based on switch type, the ToR Switch segment accounted for the largest share in 2021, contributing to nearly half of the global data center switch market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 6.7% from 2022 to 2031. Rise in demand for Top of Rack switches is expected to help boost the growth of the market. For instance, in June 2022, FS.COM Inc., launched N8560-32C, 32-Port Ethernet L3 Data Center Switch, which supports 32 x 100Gb QSFP28. It is suitable for medium data centers and large enterprise networks.

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global data center switch market, and is likely to dominate the market during the forecast period. Increase adoption of cloud computing and internet service are driving the demand for data center in North America. Moreover, the Europe region is expected to witness the fastest CAGR of 7.3% from 2022 to 2031. This is attributed to the rise in several government initiatives in the region.

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Key Benefits for Stakeholders

This study comprises analytical depiction of the data center ethernet switch market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall data center switch market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The data center switch market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the data center switch.
The report includes the share of key vendors and market trends.

Key Market Segments

End User

Retail
BFSI
IT and Telecom
Government and Defense
Manufacturing
Media and Entertainment
Others

Product Type

Ethernet
InfiniBand
Others

Port Speed

10G
25G
40G
100G
400G
Others

Switch Type

Core
ToR Switch
Others

By Region

North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Singapore, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

Leading Market Players:

Arista Networks, Inc.
Cisco Systems, Inc.
DELL EMC (DELL TECHNOLOGIES)
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Hewlett Packard Enterprise (HPE)
Lenovo Group
Extreme Networks, Inc
Super Micro Computer, Inc.
NVIDIA Corporation (Mellanox Technologies Ltd.)

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below is the report title for your reference, considering Impact of Covid-19 over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

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