Industry News
A report: The global campus switch market grew by nearly 60% in 2Q23
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Author : JIUZHOU
Update time : 2023-09-15 11:33:39
Q2 2023, driven by easing supply constraints and higher prices. The global campus switch market grew by 60%.
According to a recent report by a certain group. In the second quarter of 2023, global campus switch sales increased by nearly 60%. This is a remarkable achievement. Because before the pandemic, the market's historical growth rate was only mid-to-high single digits.
"We had been expecting the market to continue to maintain strong double-digit growth in the first half of 2023, but the performance of the second quarter of 2023 shattered our expectations.
This substantial increase was mainly driven by port shipments," said the vice president of the report group Driven by growth in volume and price.
Port shipments hit a record high thanks to improved supply conditions. Product prices also increased during the quarter due to an increase in feature-rich product portfolio.
In addition, as new inventory gradually begins to be released, the market Starting to see the positive impact of the price hikes that most suppliers implemented about a year ago.”
The report also found that in the second quarter of 2023, except for China (only a small increase). Sales increased by double digits in all regions.
In addition, 2.5/5.0Gbps port shipments have almost doubled. Reflecting significant improvements in supply.
Recently, others also released their global Ethernet switch and router quarterly tracking report for the second quarter of 2023. The report shows strong performance from enterprise campus and branch switches.
In the second quarter of 2023, the 1GbE switch market grew by 53.1% year-on-year.
The 10GbE switch market grew by 18.1% year-on-year.
And the 2.5/5GbE switch (also known as multi-gigabit Ethernet switch) market grew by 157.5% year-on-year.
According to a recent report by a certain group. In the second quarter of 2023, global campus switch sales increased by nearly 60%. This is a remarkable achievement. Because before the pandemic, the market's historical growth rate was only mid-to-high single digits.
"We had been expecting the market to continue to maintain strong double-digit growth in the first half of 2023, but the performance of the second quarter of 2023 shattered our expectations.
This substantial increase was mainly driven by port shipments," said the vice president of the report group Driven by growth in volume and price.
Port shipments hit a record high thanks to improved supply conditions. Product prices also increased during the quarter due to an increase in feature-rich product portfolio.
In addition, as new inventory gradually begins to be released, the market Starting to see the positive impact of the price hikes that most suppliers implemented about a year ago.”
The report also found that in the second quarter of 2023, except for China (only a small increase). Sales increased by double digits in all regions.
In addition, 2.5/5.0Gbps port shipments have almost doubled. Reflecting significant improvements in supply.
Recently, others also released their global Ethernet switch and router quarterly tracking report for the second quarter of 2023. The report shows strong performance from enterprise campus and branch switches.
In the second quarter of 2023, the 1GbE switch market grew by 53.1% year-on-year.
The 10GbE switch market grew by 18.1% year-on-year.
And the 2.5/5GbE switch (also known as multi-gigabit Ethernet switch) market grew by 157.5% year-on-year.
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