Technology & Telecommunications

Network Switches: Market Size, Growth & Forecast to 2030

The Network Switches market is valued at about $45.2 billion (2026) and is projected to grow at a 6.4% CAGR through 2030. The largest cost driver is Integrated Circuits and Semiconductor Components (45% of spend). North America leads demand at 38%.

Market size
$45.2 bn (2026)
CAGR to 2030
+6.4%
Buyer power
Favours buyers
Tracked suppliers
25

Projected market growth to 2030

Market size index, 2026 = 100, at the 6.4% CAGR.

1361241121001002026106.42027113.22028120.52029128.22030136.42031

Cost structure

Integrated Circuits and Semiconductor Components
45%
Printed Circuit Boards and Passive Elements
15%
Enclosures, Connectors and Mechanical Assembly
15%
Labor, Testing and Quality Control
13%
Logistics and Inbound Freight
12%

Regional demand split

North America demand
38%
Asia Pacific demand
32%
Europe demand
20%
Rest of world demand
10%

Key suppliers

Cisco Systems Inc.Arista Networks Inc.Huawei Technologies Co. Ltd.Juniper Networks Inc.Extreme Networks Inc.
Read the full Network Switches report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/network-switches