Industry News
4Q23 global campus switch market fell by 4%?
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Author : JIUZHOU
Update time : 2024-03-29 09:46:26
In late 2023, global sales of campus switches fell by 4% compared to the same time the year before. This marked the first downturn in the market since the final quarter of 2020, signifying the start of the market's multi-quarter adjustment phase. China, which had previously seen sluggish sales, showed signs of recovery in the current quarter.
According to a recent report from a market research company:
In the fourth quarter of 2023 (4Q23), global campus Switch sales fell 4% year-on-year.
This is the market's first decline since the fourth quarter of 2020, marking the beginning of a multi-quarter digestion cycle for the market.
The vice president of the market research company said:
The revenue decline primarily reflects the digestion cycle.
This has affected the performance of suppliers and products. Some people have experienced a greater impact than others, and at varying times.
Customers and suppliers who are quicker will be the first to enter the digestion cycle.
This quarter, some suppliers, regions, and port products did better than others, leading to uneven performance overall.
Other highlights from the report:
Regionally, the market research firm observed a reversal of trends from last year. Recently, there has been significant growth in North America, Europe, the Middle East, Africa, and Asia Pacific.
This growth has occurred over the past few months. Researchers have observed it in various regions around the world. North America, Europe, the Middle East, Africa, and Asia Pacific have all experienced this growth.
But there was a significant slowdown in the fourth quarter of 2023, and in some cases even a decline.
Conversely, China, which experienced slow sales in past quarters, exhibited some indications of revival in the present quarter.
2.5/5.0Gbps Ports expanded by over 60%, signifying the seventh successive quarter of robust two-digit growth for this sector.
The increase in Wi-Fi 6E access points shows better supply and more demand because of their rising popularity.
Review of campus switch market performance in the first three quarters of 2023:
In early 2023, sales of campus switches worldwide increased by 40%. This was the largest growth in over 20 years for this market.
The global campus switch market grew 60% in the second quarter of 2023, driven by easing supply constraints and higher prices.
In the third quarter of 2023, sales of campus switches worldwide went up by 24% compared to the previous year. This is the fifth quarter in a row with over 20% growth.
Campus switch market forecast in 2024:
In early February 2024, the market research company released its forecast. Following three years of robust sales, the market analyzing company anticipates a significant adjustment in the market in 2024.
After that, experts project that the market will continue to grow throughout the forecast period. The market research firm said backlog normalization, capacity digestion and spending optimization are all expected to occur in 2024.
This market forecasting firm predicts a double-digit drop in global campus switch sales in 2024. Experts expect global spending on campus switches to exceed $100 million over the next five years.
According to a recent report from a market research company:
In the fourth quarter of 2023 (4Q23), global campus Switch sales fell 4% year-on-year.
This is the market's first decline since the fourth quarter of 2020, marking the beginning of a multi-quarter digestion cycle for the market.
The vice president of the market research company said:
The revenue decline primarily reflects the digestion cycle.
This has affected the performance of suppliers and products. Some people have experienced a greater impact than others, and at varying times.
Customers and suppliers who are quicker will be the first to enter the digestion cycle.
This quarter, some suppliers, regions, and port products did better than others, leading to uneven performance overall.
Other highlights from the report:
Regionally, the market research firm observed a reversal of trends from last year. Recently, there has been significant growth in North America, Europe, the Middle East, Africa, and Asia Pacific.
This growth has occurred over the past few months. Researchers have observed it in various regions around the world. North America, Europe, the Middle East, Africa, and Asia Pacific have all experienced this growth.
But there was a significant slowdown in the fourth quarter of 2023, and in some cases even a decline.
Conversely, China, which experienced slow sales in past quarters, exhibited some indications of revival in the present quarter.
2.5/5.0Gbps Ports expanded by over 60%, signifying the seventh successive quarter of robust two-digit growth for this sector.
The increase in Wi-Fi 6E access points shows better supply and more demand because of their rising popularity.
Review of campus switch market performance in the first three quarters of 2023:
In early 2023, sales of campus switches worldwide increased by 40%. This was the largest growth in over 20 years for this market.
The global campus switch market grew 60% in the second quarter of 2023, driven by easing supply constraints and higher prices.
In the third quarter of 2023, sales of campus switches worldwide went up by 24% compared to the previous year. This is the fifth quarter in a row with over 20% growth.
Campus switch market forecast in 2024:
In early February 2024, the market research company released its forecast. Following three years of robust sales, the market analyzing company anticipates a significant adjustment in the market in 2024.
After that, experts project that the market will continue to grow throughout the forecast period. The market research firm said backlog normalization, capacity digestion and spending optimization are all expected to occur in 2024.
This market forecasting firm predicts a double-digit drop in global campus switch sales in 2024. Experts expect global spending on campus switches to exceed $100 million over the next five years.
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