Multi-Gigabit Technology (2.5 Gbps/5.0 Gbps), Contract Renewals and Subscriptions Key to 2H’23 and 2024 Market Performance
Incline Village, Nevada – Aug 30, 2023 – A newly released report by 650 Group, a leading Market Intelligence Research firm for communications, campus networking, and cloud markets, indicates that the Enterprise/Campus Ethernet Switch Market grew over 50% Y/Y in 2Q’23. The report also revealed significant regional differences in vendor performance with many records set.
Highlights for the quarter include:
- Combined vendor shift to multi-gigabit platforms drove up ASPs and is a crucial driver to future revenue performance in the market in 2H’23 and for 2024
- Nearly 2,000 switches shipped every hour in 2Q23 into the enterprise, achieving a new record
- Vendors continue to burn off backlog at different rates
- Vendors begin to rely on renewal and subscription contracts as their backlog diminishes
- Significant change in vendor market share in Latin America, the Middle East, and Africa
“The campus/enterprise Ethernet switch market hit record levels in 2Q’23 within the enterprise segment as most vendors had their best quarter ever,” said Alan Weckel, Founder and Technology Analyst at 650 Group. “Second Half 2023 results will depend on the ability for vendors to charge for additional features and functionality, such as multigigabit and increased subscription offerings.”
The Quarterly Campus/Enterprise Ethernet Switch report indicates that HPE Aruba, Juniper, Ubiquiti, Arista, Extreme Networks, and Ruckus were the top six campus switch vendors after Cisco in North America. Subscription services, Cloud, and NaaS results were also robust in the quarter.
About the Ethernet Switch Quarterly Report
650 Group’s Ethernet Switch Quarterly Report offers a market assessment of vendor performance and market share in the Ethernet Switch market. The report covers Modular, Fixed Managed, Smart Switching, White Box, Disaggregation, and other segmentation, as well as the following port speeds: 100 Mbps, 1 Gbps, 2.5 Gbps, 5.0 Gbps, 10 Gbps, 25 Gbps, 40 Gbps, 50 Gbps, 100 Gbps, 200 Gbps, 400 Gbps, 800 Gbps, 1.6 Tbps, and 3.2 Tbps. 650 Group publishes additional segment-specific reports in Campus / Enterprise Switching and Data Center Switching. For more information about the report, contact the sales department at 650 Group at +1 650 600 7104 or email@example.com or www.650group.com.
About 650 Group
650 Group is a leading Market Intelligence Research firm for communications, campus networking, data center, and cloud markets. Our team has decades of research experience, has worked in the technology industry, and is actively involved in standards bodies. FOr more information, visit www.650group.com.