The global market for high speed serial watch fabrics market stood at a valuation of US$417.1 mn in 2016 and is projected to develop at a CAGR of 12.3% between 2017 and 2025. This will result in the market to reach a valuation of US$1156.2 mn by the end of 2025.
According to a recent analysis, the market for high speed serial switch fabrics are in evolving stage. Also, the use of switch fabric for various applications from high-speed telecommunications to storage area to networking will spread growth opportunities to this market.
Market Research Hub (MRH) has recently announced the addition of a new market intelligence study to its growing repository, which is titled as “High Speed Serial Switch Fabrics Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”. The study examines the global market and presents a thorough overview of high speed serial switch fabrics market with key highlights to its growth prospects for the period, 2017 to 2025.
Geographically, the report studies the market in different regions including North America, Asia Pacific, Europe, the Middle East and Africa; and Latin America.
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High speed switched fabric refers to switching system that aims at connecting devices together with an objective to support multiple simultaneous data transfers usually implemented with a crossbar switch. According to the study conclusions, the global market for high speed serial watch fabrics market stood at a valuation of US$417.1 mn in 2016 and is further anticipated to reach a valuation of US$1156.2 million by the end of 2025.
At this pace, the market is projected to develop at a CAGR of 12.3% between 2017 and 2025.
Initially, the report comprises an elaborate executive summary which includes market snapshot that provides information about various segments. The findings reveal that the low number of smaller connectors, cables and signal lines which result in simplified system integration, better system density, lower installation costs and easier maintenance of data transfer networks are the most important factors boosting the high speed serial switch fabrics market.
Across the globe, the demand for high speed data transfer technology is growing at a rapid space. High speed serial switch fabric systems conform to commercial standards that move data quickly.
Moreover, the market has been segmented by product type and applications. Based on product type, the high speed serial switch fabrics market is segmented into VLAN switching, core switching, layer switching, network core switching and others.
Of these, Network core switching stood as the leading product type segment in 2016 and its market share is expected to increase by 2025. Major applications are data center consolidation, audio and video transmission, security and others.
In terms of geography, North America is the most dominant region. Supremacy of North America is due to the presence of key manufacturers that operate in this region followed by increasing adoption rate of switch fabrics in data transfer networks.
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A section covering market dynamics are also outlined in this study. The high speed serial switch fabrics market is driven by several factors which include increasing demand for signal processing in defense and aerospace applications.
Companies operating in this market are centering on revolutions in networking fabrics switches which can support end user industries demand. Major firms operating in the high speed serial switch fabric market are Microsemi Corporation (the U.S), Curtiss-Wright Corporation (the U.S), Pentek, Inc. (the U.S), Broadcom Corporation (the U.S), Sierra Wireless (Canada), Cisco Systems, Inc. (the U.S), Intel Corporation (the U.S), Integrated Device Technology Inc. (the U.S) and Macom (the U.S).
Network Core Product Type to Hold Increased Market Share
On the basis of product type, the high speed serial switch fabrics market is segmented into layer switching, VLAN switching, core switching, network core switching, and others. The segment of network core switching contributed the leading revenue of 37.7% in 2016 and its revenue contribution is expected to increase to 39.2% by 2025.
On the other hand, the segment of VLAN switching is expected to display a declined revenue share between 2016 and 2025 due to the increasing demand for network core and layer switching in data center consolidation.
By application, the high speed serial switch fabrics market is segmented into data center consolidation, audio and video transmission, security, and others. Security is the leading application segment with its revenue contribution expected to increase from US$140.0 mn in 2016 to US$408.8 mn by the end of 2025, expanding at a CAGR of 13.0% between 2017 and 2025.
Asia Pacific to Emerge as Key Market
On the basis of geography, the global high speed serial switch fabrics market can be segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In 2016, North America dominated in terms of revenue contribution accounting for 38.5% of the overall market.
Supremacy of North America is due to the presence of key manufacturers that operate in this region followed by increasing adoption rate of switch fabrics in data transfer networks.
Asia Pacific held the second-leading share of 27.3% of the overall market in 2016. The growth of this region is primarily driven by increasing use of high speed switches across the semiconductor industry.
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