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Global campus switch market will experience double-digit decline in 2024

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Author : JIUZHOU
Update time : 2024-02-06 09:47:32
After three years of strong sales, a research group predicts a major correction in the market in 2024. Subsequently, the market will maintain growth during the forecast period.

According to a recent report released by a research group.
Over the next five years, global campus switch spending will exceed $100 million.
After three years of strong sales, a research group predicts a major correction in the market in 2024. Subsequently, the market will maintain growth during the forecast period.


Global campus switch market will experience double-digit decline in 2024

The vice president of this research group said:
1. Backlog normalization, capacity digestion and expenditure optimization are all expected to occur in 2024.
2. New purchases may decrease sales this year or next as customers wait for a more definite plan after the purchase.
3. They currently expect global campus switch sales to decline by double digits in 2024.


The vice president of the research group also added:
1. Although experts expect sales to decline significantly in 2024. But our analyzed data shows that compared with the previous five years. From 2019 to 2024, the epidemic effectively accelerated the growth of the campus switch market.
2. Several factors drive this positive impact. This includes the fast digital change, more expensive Power over Ethernet devices, and customers wanting faster network speeds.
3. They expect these factors to persist in the campus switch market. 


Additional highlights from the Campus Ethernet Switch Market Five-Year Forecast report released in January 2024:
1. Integration of AI capabilities remains critical for vendors striving to strengthen their competitive position in the market. The challenge, however, is whether these vendors can effectively monetize these capabilities. Or choose to leverage them to expand and/or retain their customer base.
2. By 2028, experts anticipate that campus switch sales of 2.5/5.0Gbps will account for less than 15%.
3. By 2028, we expect PoE ports to account for more than half of the total campus switch port shipments.
4. In the future, IT and OT will merge more. But the long lifespan of industrial network equipment may cause it to take a while to be fully accepted.
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