Network Equipment Market by Type (High-fibre Copper Cables, Broadband Wireless, Broadband Devices Over Power Lines), Application (Business, Industrial, Hospitals, Retail Industry, Corporations, Lifestyle), End User (Small, Medium, and Large Enterprises) and, Region - Forecast till 2035
NEWARK, DE / ACCESS Newswire / February 5, 2025 / The global network equipment market is poised for significant growth, with projections indicating an increase from USD 34,239.7 million in 2025 to USD 75,990.4 million by 2035, reflecting a compound annual growth rate (CAGR) of 8.3%. This upward trajectory is largely attributed to the widespread adoption of Internet of Things (IoT) devices and the rollout of 5G technology. As industries and consumers increasingly rely on connected devices, the need for robust and efficient network infrastructure becomes paramount.
The integration of IoT across various sectors necessitates advanced network equipment capable of handling increased data traffic and ensuring seamless connectivity. Similarly, the deployment of 5G networks demands upgrades in existing infrastructure to support higher speeds and lower latency, further fueling the demand for state-of-the-art networking solutions.
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Telecom to Call for Massive Innovation as an End User
The telecommunication industry is witnessing new innovations and surging demand for network equipment. Supporting high-speed services, voice communication, and data services drives the sales of network equipment.
The adoption of network equipment offers sufficient bandwidth to support increasing data traffic. An increase in public-private partnership (PPP) for NGN development further propels the network equipment market growth.
The reasonably lower operational cost of NGN development expands the network equipment market share. Exponential growth in mobile data traffic and IP increases the adoption of network equipment.
An increasing number of consumers using smartphones and tablets rises the demand for network equipment. NGN advertising partners reach their customers in new and innovative strategies by leveraging the power of the network and escalating the sales of network equipment.
Telecommunication companies providing significant quality and quantity of data via the trend of voice over internet protocol broadens the network equipment market size. Growing demand for faster connectivity, high-speed data transfer with low latency, and high responsive network is addressed with the adoption of network equipment.
Increasing use of services and applications by consumer electronic devices, as well as business usage, escalates the demand for network equipment. Customer terminal equipment providing services by integrated PBX and company webs separately increases demand for network equipment amongst enterprises.
The rising adoption of convergent billing systems and demand for customer care services extends the network equipment market size. Flexible architecture and the transformation, which includes shifting from traditional copper wire to optical fiber cables offering high-speed services, grow the adoption of network equipment.
Growing upgradation of existing infrastructure with advanced systems expands the network equipment market share. Interesting infrastructural development activities in developing countries are contributing to the next generation of network equipment market growth.
Are Growth Deterrents too Prominent in the Network Equipment Market?
High costs associated with R&D activities are likely to curb the sales of network equipment. A rigid regulatory framework in developing economies further obstructs the network equipment market growth.
The reluctance of small service providers to deploy new next-generation technologies hinders the demand for network equipment. Limitations in large-scale technology and infrastructure are likely to further hamper the otherwise steady adoption of network equipment.
Developing the infrastructure and the high costs associated with it impedes the network equipment market share. The slow adoption rate and availability of high-speed technologies in undeveloped countries further obstruct the global network equipment market size. New entrants or players provoking competition in the market thwarts the sales of network equipment. Low awareness about services offered by NGN challenges the network equipment market growth.
Availability of high-speed wireless networks, digital subscriber lines and power line communication, among other technologies, curbs the adoption of network equipment. Regulatory issues and difficulties in the integration of legacy systems using advanced systems hamper the demand for network equipment.
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Growth Propellers to Watch Out for in the Network Equipment Market
Increasing demand for high-speed multimedia services like VoIP, HDTV, and mobility surges the demand for network equipment. The expected change to the concurrent ways of communication in the NGN infrastructure promises growth of the network equipment market share.
R&D activities and investments implemented by government authorities increase the demand for network equipment. Mergers, acquisitions, and strategic alliances are critical strategies executed by top market players boosts the adoption of network equipment.
Providing niche services, high support teams and outstanding customer service provided by vendors further expands the network equipment market share. Increasing data traffic owing to the rise in social media, creating demand for effective and high capacity IP-based networks assists in the growth of the network equipment market size.
Key Takeaways from Market Study
The network equipment market is projected to grow at a CAGR of 8.3% from 2025 to 2035.
IoT and 5G technologies are primary drivers of this growth.
There is an increasing demand for advanced routers, switches, and security devices to manage and protect expanding networks.
Enterprises are focusing on upgrading their infrastructure to support higher data speeds and enhanced connectivity.
Industry analysts observe that the surge in connected devices and the advent of 5G technology are reshaping the network equipment landscape. Organizations are prioritizing investments in advanced networking solutions to ensure seamless data flow and robust security. The emphasis is on scalability and flexibility, allowing networks to adapt to evolving technological demands.
Furthermore, the increasing complexity of network architectures, driven by the integration of cloud services and edge computing, necessitates more sophisticated management and security solutions. This trend is expected to continue, with organizations seeking comprehensive network equipment that offers both performance and protection.
Emerging Applications Fueling Market Growth
The expansion of cloud computing services and the rise of edge computing are significantly influencing the network equipment market. Organizations are migrating to cloud platforms to enhance scalability and reduce operational costs, leading to increased demand for network equipment that can support hybrid and multi-cloud environments.
Edge computing, which involves processing data closer to its source, reduces latency and improves performance for applications like real-time analytics and autonomous systems. This shift requires specialized network equipment capable of handling decentralized data processing and ensuring secure communication between edge devices and central data centers.
Market Drivers and Opportunities
Several factors are contributing to the growth of the network equipment market:
Digital Transformation Initiatives: Businesses are undergoing digital transformation to enhance operational efficiency, leading to increased investments in advanced network infrastructure.
Proliferation of Smart Devices: The growing number of smart devices in homes and industries necessitates robust networking solutions to manage and secure device communications.
Emphasis on Network Security: With rising cyber threats, there is a heightened focus on implementing advanced security measures within network equipment to protect sensitive data.
Government Initiatives: Supportive government policies promoting digitalization and smart infrastructure development are creating favorable conditions for market expansion.
Regional Insights: North America Leading the Charge
North America is at the forefront of the network equipment market, driven by rapid technological adoption and substantial investments in infrastructure development. The presence of major technology companies and a strong focus on innovation contribute to the region's leading position.
The Asia-Pacific region is also experiencing significant growth, propelled by increasing internet penetration, urbanization, and government initiatives supporting digital infrastructure. Countries like China, India, and Japan are investing heavily in network upgrades to support their expanding digital economies.
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Key players in the Network Equipment Industry
Cisco Systems
Huawei Technologies
Juniper Networks
Arista Networks
Nokia (including Alcatel-Lucent)
Ericsson
Dell Technologies
HPE (Hewlett Packard Enterprise)
Extreme Networks
Netgear
Network Equipment Market Segmentation
By Type:
In terms of type, the segment is divided into switches, routers, gateway, fiber optic equipment and others.
By Enterprise Size:
In terms of enterprise size, the industry is segregated into Small and Mid-Sized Enterprises (SMEs) and Large Enterprises.
By Application:
In terms of application, the industry is segregated IT and Telecom, BFSI, retail and e-commerce, government and defense, manufacturing and others application.
By Region:
A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA) and Europe.
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