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The network switches market size is forecast to increase by USD 12.77 billion at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth due to several driving factors. First, the increasing demand for security and surveillance systems in various industries is leading to increased investments in network infrastructure. Additionally, the technological complexity of modern businesses necessitates the use of advanced networking solutions, such as automation solution platforms and connected vehicles, which rely heavily on network switches. Furthermore, the rise of Industry 4.0 and the Internet of Things (IoT) is leading to an explosion in the number of LAN-connected devices, requiring more ports on switches, whether LAN or WAN. However, this growth comes with challenges, including the rising costs of network switch operations and the increasing number of security attacks targeting network infrastructure.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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