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Ethernet campus switch revenues plunge by 30 percent in 2Q 2024

According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, 2Q 2024 worldwide Ethernet Campus Switch revenues contracted year-over-year for the third quarter in a row. Ethernet campus switch sales hit an all-time high in 2Q 2023 and a year later, vendors are suffering in comparison.

“We expect another year-over-year contraction in sales next quarter, in 3Q 2024,” said Siân Morgan, Research Director at Dell’Oro Group. “However, the outlook is improving, and the Ethernet Campus Switch market is expected to return to growth in 4Q 2024.”

“While the economy in China remains soft, Huawei grew year-over-year campus switch revenues across the rest of Asia Pacific and CALA. Over half of Huawei’s campus switch sales were generated outside China,” added Morgan.

Additional highlights from the 2Q 2024 Ethernet Switch–Campus Report:

  • The contraction in Ethernet campus switch sales was broad-based across both modular and fixed form factors, all verticals and regions.
  • Sales to North America fell the most of any macro-economic region.
  • Cisco grew campus switch revenues on a quarter-over-quarter basis, for the first time in a year.

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