The Business Research Company’s latest report Switching Equipment Global Market Report 2020 covers Switching Equipment market drivers, Switching Equipment market trends, Switching Equipment market segments, Switching Equipment market growth rate, Switching Equipment market major players, and Switching Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Switching Equipment industry, along with revised market numbers due to the effects of the coronavirus.
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The global switching equipment market was
worth $191.93 billion in 2019. It is expected to grow at a compound annual
growth rate (CAGR) of 7.36% and reach $255.02 billion by 2023. The increase in
the popularity of IoT devices among the populace has led to a rise in the
switching equipment market. IoT is becoming popular as a greater number of
people are using smart devices and are mostly working on their errands, office
work, communication, sending/receiving messages using smart devices thus
overwriting the traditional way.
The report covers the Switching Equipment
market’s segments-
1) By End User: Small Enterprises, Medium
Enterprises, Large Enterprises
2) By End-Use Industry: Automotive,
Healthcare, Telecommunications
3) By Application: Enterprise And
Industrial Usage, Telecommunication Providers, Servers And Storage Providers.
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