Major players in the network devices market are Cisco Systems Inc, Huawei Technologies Co Ltd, Juniper Networks Inc, Siemens AG, Tp-Link Technologies, Belkin International, ASUSTeK Computer Inc, Palo Alto Networks Inc , ADTRAN Inc, D-Link Corporation, Hewlett-Packard Company, Sierra Wireless, F5 Networks Inc, Multitech and Robustel.
The global network devices market is expected to grow from $25.84 billion in 2021 to $27.72 billion in 2022 at a compound annual growth rate (CAGR) of 7.31%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The network devices market is expected to grow to $34.57 billion in 2026 at a compound annual growth rate (CAGR) of 5.67%.
The network devices market consists of sales of hub and switch, router, extender, adapter and wireless access point. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Network devices refer to a piece of hardware or software whose primary function is to direct and regulate communications among computers or computer networks. Network devices execute the fundamental tasks required to support network establishment and maintenance, including data transmission and reception.
North America was the largest region in the network devices market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).x
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The main device types of network devices are routers, gateway, and access points. Routers are used to manage traffic between networks by forwarding data packets to their intended IP addresses and allowing multiple devices to use the same internet connection. A router refers to a device that connects two or more packet-switched networks or subnetworks. These network devices can be connected by wire and wireless. Wi-Fi, cellular, LoRa, ZigBee, BlueTooth and others are the connection types network devices support. Residential, commercial, enterprise, industrial and transportation are the applications of the network devices.
The rising use of smartphones coupled with growing digitalization is expected to drive the growth of the network devices market. The use of digitalization is expanding to create new business practices, cultures, and customer experiences or to adapt existing ones to meet shifting company and market needs. The smartphones demand is increasing due to rise in internet penetration, rising subscriptions to social media, increasing income levels, improved communication needs, and others. During the Covid-19 pandemic, the usage of smartphones along with digitalization dramatically increased due to long quarantine periods and work-from-home scenarios. This increase in smartphones and digitalization needs network devices to transfer data from one device to another efficiently. For instance, according to the survey of smartphone ownership commissioned by a nonpartisan American think tank, the Pew Research Center, the share of Americans that own a smartphone increased from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). Moreover, according to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Therefore, the rising use of smartphones coupled with growing digitalization is going to propel the network devices market.
Technological innovations are a key trend gaining popularity in the network devices market. Major companies operating in the network devices market are developing new products or technologies, such as SD-WAN, to strengthen the demand for network devices. A software-defined wide area network (SD-WAN) is a virtual wide area network type that enables businesses to employ any mix of transport services, such as MPLS, LTE, and broadband internet services, to safely connect users to applications. This improves user experience and application performance, which boosts corporate productivity and agility and lowers IT expenses. For instance, in May 2022, Nokia, a Finland-based telecommunications, information technology, and consumer electronics corporation, and STC (Saudi Telecommunication Company), a Saudi-Arabia-based digital enabler of telecommunications services, introduced stc SD-WAN. stc SD-WAN will enable the company's IT and OT to modify their network services to fit rapidly evolving commercial contexts. The program aims to support its enterprise customers' cloud migration and digital transformation journey.
In October 2020, Juniper networks, a US-based company that develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology, acquired 128 Technology for $450 million. This acquisition will facilitate the industry's transition from first-generation SD-WAN technology, which prioritizes connections from the branch to cloud optimization, to a contemporary AI-driven network that prioritizes user experiences from client to cloud optimization. 128 Technology is a US-based company that provides software-based routing solutions which enable enterprises and service providers to build networks.
The countries covered in the network devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The network devices market research report is one of a series of new reports that provides network devices market statistics, including network devices industry global market size, regional shares, competitors with a network devices market share, detailed network devices market segments, market trends and opportunities, and any further data you may need to thrive in the network devices industry. This network devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
This product will be delivered within 1-3 business days.
The global network devices market is expected to grow from $25.84 billion in 2021 to $27.72 billion in 2022 at a compound annual growth rate (CAGR) of 7.31%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The network devices market is expected to grow to $34.57 billion in 2026 at a compound annual growth rate (CAGR) of 5.67%.
The network devices market consists of sales of hub and switch, router, extender, adapter and wireless access point. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Network devices refer to a piece of hardware or software whose primary function is to direct and regulate communications among computers or computer networks. Network devices execute the fundamental tasks required to support network establishment and maintenance, including data transmission and reception.
North America was the largest region in the network devices market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).x
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The main device types of network devices are routers, gateway, and access points. Routers are used to manage traffic between networks by forwarding data packets to their intended IP addresses and allowing multiple devices to use the same internet connection. A router refers to a device that connects two or more packet-switched networks or subnetworks. These network devices can be connected by wire and wireless. Wi-Fi, cellular, LoRa, ZigBee, BlueTooth and others are the connection types network devices support. Residential, commercial, enterprise, industrial and transportation are the applications of the network devices.
The rising use of smartphones coupled with growing digitalization is expected to drive the growth of the network devices market. The use of digitalization is expanding to create new business practices, cultures, and customer experiences or to adapt existing ones to meet shifting company and market needs. The smartphones demand is increasing due to rise in internet penetration, rising subscriptions to social media, increasing income levels, improved communication needs, and others. During the Covid-19 pandemic, the usage of smartphones along with digitalization dramatically increased due to long quarantine periods and work-from-home scenarios. This increase in smartphones and digitalization needs network devices to transfer data from one device to another efficiently. For instance, according to the survey of smartphone ownership commissioned by a nonpartisan American think tank, the Pew Research Center, the share of Americans that own a smartphone increased from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). Moreover, according to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Therefore, the rising use of smartphones coupled with growing digitalization is going to propel the network devices market.
Technological innovations are a key trend gaining popularity in the network devices market. Major companies operating in the network devices market are developing new products or technologies, such as SD-WAN, to strengthen the demand for network devices. A software-defined wide area network (SD-WAN) is a virtual wide area network type that enables businesses to employ any mix of transport services, such as MPLS, LTE, and broadband internet services, to safely connect users to applications. This improves user experience and application performance, which boosts corporate productivity and agility and lowers IT expenses. For instance, in May 2022, Nokia, a Finland-based telecommunications, information technology, and consumer electronics corporation, and STC (Saudi Telecommunication Company), a Saudi-Arabia-based digital enabler of telecommunications services, introduced stc SD-WAN. stc SD-WAN will enable the company's IT and OT to modify their network services to fit rapidly evolving commercial contexts. The program aims to support its enterprise customers' cloud migration and digital transformation journey.
In October 2020, Juniper networks, a US-based company that develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology, acquired 128 Technology for $450 million. This acquisition will facilitate the industry's transition from first-generation SD-WAN technology, which prioritizes connections from the branch to cloud optimization, to a contemporary AI-driven network that prioritizes user experiences from client to cloud optimization. 128 Technology is a US-based company that provides software-based routing solutions which enable enterprises and service providers to build networks.
The countries covered in the network devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The network devices market research report is one of a series of new reports that provides network devices market statistics, including network devices industry global market size, regional shares, competitors with a network devices market share, detailed network devices market segments, market trends and opportunities, and any further data you may need to thrive in the network devices industry. This network devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
This product will be delivered within 1-3 business days.
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Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | December 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 27.72 billion |
Forecasted Market Value ( USD | $ 34.57 billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Network Devices Market Characteristics3. Network Devices Market Trends And Strategies28. Key Mergers And Acquisitions In The Network Devices Market29. Network Devices Market Future Outlook and Potential Analysis
4. Network Devices Market - Macro Economic Scenario
5. Network Devices Market Size And Growth
6. Network Devices Market Segmentation
7. Network Devices Market Regional And Country Analysis
8. Asia-Pacific Network Devices Market
9. China Network Devices Market
10. India Network Devices Market
11. Japan Network Devices Market
12. Australia Network Devices Market
13. Indonesia Network Devices Market
14. South Korea Network Devices Market
15. Western Europe Network Devices Market
16. UK Network Devices Market
17. Germany Network Devices Market
18. France Network Devices Market
19. Eastern Europe Network Devices Market
20. Russia Network Devices Market
21. North America Network Devices Market
22. USA Network Devices Market
23. South America Network Devices Market
24. Brazil Network Devices Market
25. Middle East Network Devices Market
26. Africa Network Devices Market
27. Network Devices Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
Network Devices Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global network devices market.This report focuses on network devices market which is experiencing strong growth. The report gives a guide to the network devices market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
- Impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the network devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Network Devices market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider network devices market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Our forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The network devices market section of the report gives context. It compares the network devices market with other segments of the network devices market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, network devices indicators comparison.
Scope
Markets Covered:
1) By Device Type: Router; Gateway; Access Point2) By Type: Wired; Wireless
3) By Connectivity: WiFi; Cellular; LoRa; ZigBee; Bluetooth; Others
4) By Application: Residential; Commercial; Enterprise; Industrial; Transportation
Companies Mentioned: Cisco Systems Inc.; Huawei Technologies Co. Ltd.; Juniper Networks Inc.; Siemens AG; Tp-Link Technologies
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Cisco Systems Inc.
- Huawei Technologies Co. Ltd.
- Juniper Networks Inc.
- Siemens AG
- Tp-Link Technologies
Methodology
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