Data Center Switch Market, Share, Growth | Data Center Switch Industry Trends, Analysis and Market Forecast - 2023

 

A data center switch is a multiport network bridge designed to build a network connection in a data center that allows receiving, processing, and routing of data from one destination to another. Large enterprises and cloud service providers primarily use datacenter switches. The increasing workload in the data center today demands highly scalable, reliable, and high performing switching solutions.

The overall data center switch market is expected to reach USD 17.69 billion by 2023, at a CAGR of 4.92% during the forecast period. The data center switch market is expected to witness lucrative growth in the next five years. The high demand for switches in data centers is owing to the connectivity requirements between large numbers of servers over different tiers. The major factors driving the market growth include the need for simplified data center management and automation, high demand for cloud services, and a surge in internet multimedia content and web applications. The rising trend of bare-metal switches and growing bandwidth requirements in data centers are the key growth opportunities for the players in the data center switch market.

The highest growth of the market for access switches is due to extensive network connectivity offered by these switches to distribution layers as well as different end-users. Access switches are not high-powered switches, but the number of switches required is high over a multi-layered network compared to core and distribution switches. Access switches need more ports to move the data from one network to another so that the load can be balanced. Thus, these switches ensure connectivity between servers and networks. Technological improvements in the market, such as the increase in the bandwidth and performance and the expansion of servers and data centers across different industries, will increase demand for access switches.

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The growth of the Ethernet data center switch market is due to the high performance and scalability offered by Ethernet switches. The expansion of data centers and growth in virtualization technology propel the demand for switches with higher bandwidth. Ethernet is a traditional midrange technology that also offers a convenient solution to meet the increasing data center connectivity requirement. The highest growth of InfiniBand switches is significant because of the high-bandwidth solution for each port under a competitive price that InfiniBand switches offer.

The increasing enterprise applications require high-performance connectivity, constant uptime, high throughput, and high reliability to manage vast amounts of data. To address these requirements, data center switches are being adopted in enterprises. Powered by dynamic architectural solutions, these data centers are being evolved. Enterprises across different industries have been increasingly adopting digitization to improve their business processes.

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Market Leader - Industrial IoT Market

 

The global Industrial IoT Market size is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2025, at a CAGR of 6.7% during the forecast period. The major factors driving the growth of the market include technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.

The IIoT market is highly competitive, owing to the presence of a large number of regional and global players. The key players are focusing on enhancing their product portfolios and increasing market share through strategies, such as product launches, partnerships, agreements, and collaboration, and expansions. Many market players adopted partnership & collaboration, and agreements as their key business strategies

Top 2 players in the IIoT market:

Huawei (China) was established in 1987 and has its headquarters in Guangdong, China. The company provides three IoT connection management platforms: EC-IoT, eLTE Broadband, and Narrowband IoT. The platforms provide full connections among people and things, support rapid integration of multiple vertical industry applications, and offer APIs to meet diversified device access needs. This helps carriers, enterprises, and industries build end-to-end IoT solutions and quickly integrate multiple industry applications, and increase business revenues.

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Cisco (US) is a global manufacturer and seller of IP-based IT and communications networking products. Cisco offers equipment, software, and services to enterprises, public institutions, telecom companies, and other service providers for effective communications management. From automated production to predictive analytics, Cisco’s industrial IoT solutions provide new opportunities to grow and expand the business of its clients. The company provides securely connect production systems--including IACS devices, sensors, actuators, and controllers; key machines; and assets such as robots, CNC machines, tools, process skids, and RTUs to plants and enterprise networks for enhanced connectivity across production systems. The company has been continuously involved in growing its IIoT business through partnerships and acquisitions. For instance, in February 2021, Cisco partnered with Newark, an Avnet Company, to offer industrial IoT network solutions for harsh and non-carpeted environments to customers across North America. The company has been involved in various other partnerships in recent years to offer its IIoT solutions

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Market Leader - Photoelectric Sensor Market

 

The photoelectric sensor market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.1 billion by 2025; it is expected to grow at a CAGR of 7.8% from 2020 to 2025. Major factors driving the growth of the photoelectric sensor market include extensive use of photoelectric sensors in different industries, increased adoption of retro reflective photoelectric sensors in various applications, and surged adoption of industrial robots across several regions.

Omron Corporation (Japan), Keyence Corporation (Japan), SICK AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (US), ifm electronic GmbH (Germany), Pepperl+Fuchs (Germany), Balluff Inc. (Germany), Banner Engineering (US), and Panasonic Corporation (Japan). Other key players in the market include Sensopart Industriesensorikis GmbH (Germany), HTM Sensors (Canada), Fargo controls Inc. (US), Eaton Corporation (Ireland), Leuze Electronics GmbH + Co. KG (Germany), Wenglor Sensoric (Germany), Autonics Corporation (South Korea), Bernstein AG (Germany), CNTD Electric Technology Co. Ltd. (China), Hans Turck GmbH & Co.KG. (Germany), and Carlo Gavazzi Holding AG (Switzerland) are the key players in the photoelectric sensor market. These players have adopted various growth strategies, such as product launches and developments, acquisitions, expansions, agreements, collaborations, partnerships, and joint ventures. Product launches and developments has been the most dominating strategy adopted by the key players from 2017 to 2020 to help them strengthen their product portfolio and broaden their customer base.

Omron Corporation (Japan) held the first position in the photoelectric sensor market in 2019. The company is a global electronics company, which manufactures automation equipment and systems. It also develops computer, communication, and control technologies. It offers various photoelectric sensors, such as separate amplifier sensors, built-in amplifier sensors, built-in power supply sensors, and area sensors. Moreover, the company has a strong geographic reach and customer base. Omron Corporation also plans to expand its production capability, especially for photoelectric sensors, to leverage their increased demand from different industries.

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Keyence Corporation (Japan) is a multinational company, which develops, manufactures, and sells industrial automation and inspection equipment. It offers automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes. It offers various photoelectric sensors such as through-beam, retro reflective, diffuse-reflective, focused-beam reflective, small-spot definite reflective, fixed distance, and luster recognition sensors. The company expanded its network to 46 countries. It focuses on increasing its production efficiency and enhancing its research and development investments to remain competitive in the photoelectric sensor ecosystem.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Leading Players in the Bank Kiosk Market

 

The bank kiosk market was valued at USD 744 million in 2021 and is expected to reach USD 1,311 million by 2026; it is anticipated to grow at a CAGR of 12.0% during the forecast period. The factors such as rising demand for self-service in banking and financial services applications, enhanced customer services offered by banking kiosks, and reduction in overall operational costs—are the key factors driving the bank kiosk market.

Introduction of NFC-based contactless payments in banking sector in APAC region, and increasing investments by companies in Asia-Pacific are creating opportunities for the bank kiosk market. Some of the key players in the bank kiosk market are NCR Corporation (US), Diebold Nixdorf (US), GLORY LIMITED (Japan), GRGBanking (China), KAL ATM Software GmbH (Germany), Auriga SpA (Italy), Hitachi-Omron Terminal Solutions (Japan), and Cisco Systems, Inc. (US).

NCR Corporation held the largest market share in 2020. It offers software and hardware solutions for ATMs and bank branches, retail and hospitality POS applications and devices, and self-service kiosks and software applications that can be used by consumers to enable them to interact with banks from their computer or mobile devices. The company also offers related hardware, including multi-function ATMs, interactive teller machines (ITMs), thin-client ATMs, cash dispensers, cash recycling ATMs, and hardware for check and image processing.

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Diebold Nixdorf held the second position in 2020. It is a global provider of ATMs and related services. The company offers an integrated line of self-service solutions and technologies, including comprehensive ATM outsourcing, ATM security, deposit automation, recycling, and payment terminals and software. The company’s software offerings include terminal application software, automation technology software, operational software, marketing software, and security software.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Industrial IoT Market by Device & Technology, Connectivity Type, Software | COVID-19 Impact Analysis | MarketsandMarkets

 

The Industrial IoT Market is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2026, at a CAGR of 6.7% during the forecast period. The growth of the IIoT industry is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.

Impact of COVID on IIoT Market

The COVID-19 pandemic has significantly impacted the industrial IoT market. With the pandemic persisting in North America and developing Asian countries, the manufacturing sector is facing tremendous challenges. The US automotive industry, one of the biggest in the world, has stagnated since the third quarter of 2020. Various automotive companies have downsized their manufacturing activities across the region, rendering technologies such as IoT, AI, and Blockchain employed in their manufacturing units useless. Mexico is a big beneficiary of the automotive industry in North America. However, the significantly reduced production of automobiles has resulted in tremendous losses for the Mexican automotive sector.

Networking technology to dominate the IIoT Market

Networking technologies accounted for the largest market share in 2021. Networking technologies, especially wireless technology, are the backbone of IIoT. Numerous machines and sensor nodes are connected to the Internet using these technologies to facilitate machine-to-machine communication. These technologies also enable the collection of large volumes of data for improved decision-making. An extensive range of wireless communication technologies are available based on connectivity range, power requirements, and data transfer rates. The industrial sector is relying increasingly on cellular technologies for machine-to-machine communication.

The IIoT market of transit management systems to grow at the highest CAGR during the forecast period

Transit management systems provide accurate information pertaining to the location and performance of vehicles. Vehicles equipped with automatic vehicle location (AVL) technology can be easily tracked. Transit management systems are also used for tracking, controlling, and monitoring the location of in-transit goods. Users monitoring the location of vehicles get this information through various technologies implemented on the dashboards of vehicles. Bus rapid transit (BRT) systems are used to provide information related to the transit time of buses. These systems are useful for emergency management systems and travel assistant devices (TADs), which have GPS-enabled mobile phones to assist passengers with special needs.

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APAC to hold the largest share of the IIoT market in 2021

APAC to hold the largest share of the market, in terms of value, in 2021. Asia Pacific is a major hub for industrial manufacturing and has become a global focal point for significant investments and business expansions. The growing population, rising investments for R&D activities, and the increasing focus of international and domestic IT companies on the growth of big data analytics and cloud-based services in the region are expected to drive the growth of this market.

Key Market Players

The leading players in the industrial IoT market are Huawei (China), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Honeywell (US), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and SAP (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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RFID and Barcode Printer Market with COVID-19 Impact Analysis - Global Forecast to 2026

 

According to MarketsandMarkets, the global RFID and barcode printer market size was valued at USD 3.9 billion in 2021 and is projected to reach USD 5.3 billion by 2026. It is expected to grow at a CAGR of 6.4% during the forecast period. Major factors driving the growth of the RFID and barcode printer industry are Increasing installation of RFID and barcode systems in manufacturing units to improve productivity to tackle the impact of COVID-19, growing use of RFID and barcode printers in the flourishing global e-commerce industry, surging need for improvement in inventory management, and rising demand for mobile printers based on wireless technologies.

RFID printers are used to develop RFID-enabled smart labels and tags, which use radio frequency technology to transmit information through systems of users. They enhance the specific digital functionality of images by embedding RFID labels into different types of print formats. These printed labels and tags are used in various industries such as transportation and logistics, healthcare, and transportation to track and assess information related to the assets using radiofrequency in real-time. RFID printers use different types of consumables such as ribbons and labels to achieve RFID print images. They are developed in such a way that these printers can print clear machine-readable barcodes and RFID prints at high printing speeds and low costs.

Thermal printing technology uses heat for image generation on paper. RFID and barcode printers are increasingly becoming popular in retail businesses as they are more efficient in terms of power consumption and speed than traditional printers. Moreover, these printers are cost-effective and reliable for grocery stores and retail outlets. Thermal printing technology-based RFID and barcode printers are also ideal for printing receipts, ID badges, shipping labels, and price tags. The growth of this segment of the market can be attributed to the increasing penetration of thermal transfer technology in RFID and barcode printers. They are engineered for high-volume operations in harsh environments. These printers are enclosed as they can be used in environments that are prone to dust and dirt; therefore, thermal transfer printing technology is widely used in RFID and barcode printers as it enables the printing of durable labels that can withstand harsh environments.

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In the manufacturing industry, barcode printers are commonly used to print labels and tags that are used for extracting data and tracing equipment details for their maintenance, thereby resulting in the enhancement of the workflow. The increasing demand for labels and barcodes in the manufacturing industry is one of the key factors driving the growth of the RFID and barcode printer market for manufacturing and industrial. In manufacturing and industrial environments, printers facilitate labeling by printing carton/pallet labels, shipping/receiving labels, and inventory control labels. The labels printed by them are also used for freight tracking and ticketing applications. Barcodes and RFID tags are used in different stages of the manufacturing industry, including distribution and logistics, along with inventory tracking and picking/packing/shipping, etc. RFID and barcode labels and tags make it easy to keep track of warehouses, along with enhancing cross-docking, yard management, and pick-up and delivery functions.

In 2020, North America accounted for the largest share of the RFID and barcode printer market, and a similar trend is anticipated to continue during the forecast period. Retail, transportation and logistics, manufacturing and industrial, and healthcare and hospitality are the key applications of RFID and barcode printers in the region. Several companies offering RFID and barcode printers have their presence in North America that further add to the growth of the RFID and barcode printer market in the region. The region has the presence of a large number of providers of RFID and barcode printers, including Zebra Technologies, Honeywell International, and Brother Industries. North America is one of the largest contributors to the RFID and barcode printer market. Additionally, the US leads the market in North America owing to its well-established economy that encourages increased government and private investments in new technologies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Market Leadership - Torque Sensor Market

 

The torque sensor market is projected to grow from USD 6.8 billion in 2021 to USD 9.0 billion by 2026; it is expected to grow at a CAGR of 5.7% from 2021 to 2026. Increasing application of torque sensors for electric power steering (EPS) systems is one of the primary factors for the installation of torque sensors in automotive applications. Torque snesors also being increasing used for technological applications such as engine and transmission testing, turbine testing, pump testing, and power measurement within propulsion systems. The increase in the number of high performance vehicles is also contributing to the demand for torque sensors for engine calibrations, safety, and transmission.

Although the torque sensor market is growing at a nominal pace, it is moderately competitive owing to the presence of several key global players, as well as several new players playing a key role in the growth of the market, especially for torque sensors based on new technologies. Key strategies adopted by these players to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches, collaborations, and acquisitions. For instance, in November 2020, HBM (Germany) launched a new torque transducer T40CB featuring a central bore hole that makes it ideal for testing automobile parts in confined spaces. It also features analog and digital interfaces, which ensure it integrates with many different test bench systems. In May 2020, Kistler Holding (Switzerland) announced a collaboration with Vehico (Germany), a manufacturer of driving robots and vehicle control systems for vehicle testing. As a result of this collaboration, an extensive package of sensor technologies and driving robots will now be available to Vehico from a single source. In March 2020, HBM (Germany) launched T21WN torque transducers based on the strain-gauge technology. It is ideal for laboratory, test shop, and testing applications as well as for use in production and process monitoring and quality assurance.

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ABB (Switzerland) manufactures robotics and motion controller, electrification, and industrial automation products for the sectors such as utilities, transportation, and infrastructure. The company was founded in 1983 and has its headquarters in Zurich, Switzerland. In 2020, the company had 105,600 employees. It operates through 4 business segments—electrification, motion, industrial automation, and robotics and discrete automation. Motion is the relevant business segment for torque sensors. ABB has its operations in ~100 countries across 4 regions—Europe, the Americas, Asia, and the Middle East and Africa (MEA).

TE Connectivity (Switzerland) is engaged in the designing and manufacturing of connectivity and sensor solutions. The company operates through 3 business segments—transportation solutions, industrial solutions, and communications solutions. Transportation solutions is the relevant business segment for torque sensors. In 2014, the company acquired Measurement Specialties, a leading global designer and manufacturer of sensors and sensor-based systems. The company products serve a wide range of industries, including aerospace & military, consumer goods, engine & vehicle, environment monitoring, general industry, and medical, among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441