Network Equipment Trends and Forecast
The future of the global network equipment market looks promising with opportunities in the telecom operator and enterprise markets. The global network equipment market is expected to reach an estimated $175.0 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are the increasing use of Internet of Things (IoT)-enabled devices in commercial, industrial, and consumer infrastructure, global rise in digitalization and the uptake of cutting-edge technologies like the Internet of Things, as well as, rise in the use of cutting-edge technologies like edge computing and 5G.Network Equipment by Segment
The study includes a forecast for the global network equipment by component, connectivity, network type, end use, and region.Network Equipment Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Hardware
- Software
- Services
Network Equipment Market by Connectivity [Shipment Analysis by Value from 2018 to 2030]:
- 2G/3G
- 4G LTE
- 5G
Network Equipment Market by Network Type [Shipment Analysis by Value from 2018 to 2030]:
- Public Network
- Private Network
Network Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Telecom Operators
- Enterprises
- Others
Network Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Network Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies network equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the network equipment companies profiled in this report include:- Telefonaktiebolaget Lm Ericsson
- Nokia
- Samsung Electronics
- ZTE
- Juniper Networks
- Cisco Systems
- Broadcom
Network Equipment Market Insights
The report forecasts that hardware will remain the largest segment over the forecast period due to the rising deployment of network hardware and core equipment across several use cases.APAC is expected to witness highest growth over the forecast period due to strong adoption of next-generation network infrastructure and equipment due to the region's propensity for embracing new technologies.
Features of the Global Network Equipment Market
- Market Size Estimates: Network equipment market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Network equipment market size by component, connectivity, network type, end use, and region in terms of value ($B).
- Regional Analysis: Network equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different component, connectivity, network type, end use, and regions for the network equipment market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the network equipment market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the network equipment market size?Answer: The global network equipment market is expected to reach an estimated $175.0 billion by 2030.
Q1. What is the growth forecast for network equipment market?
Answer: The global network equipment market is expected to grow with a CAGR of 3.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the network equipment market?
Answer: The major drivers for this market are the increasing use of Internet of Things (IoT)-enabled devices in commercial, industrial, and consumer infrastructure, global rise in digitalization and the uptake of cutting-edge technologies like the Internet of Things, as well as, rise in the use of cutting-edge technologies like edge computing and 5G.
Q3. What are the major segments for network equipment market?
Answer: The future of the global network equipment market looks promising with opportunities in the telecom operator and enterprise markets.
Q4. Who are the key network equipment market companies?
Answer: Some of the key network equipment companies are as follows:
- Telefonaktiebolaget LM Ericsson
- Nokia
- Samsung Electronics
- ZTE
- Juniper Networks
- Cisco Systems
- Broadcom
Answer: The report forecasts that hardware will remain the largest segment over the forecast period due to the rising deployment of network hardware and core equipment across several use cases.
Q6. In network equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to strong adoption of next-generation network infrastructure and equipment due to the region's propensity for embracing new technologies.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the network equipment market by component (hardware, software, and services), connectivity (2G/3G, 4G LTE, and 5G), network type (public network and private network), end use (telecom operators, enterprises, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Network Equipment Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Telefonaktiebolaget LM Ericsson
- Nokia
- Samsung Electronics
- ZTE
- Juniper Networks
- Cisco Systems
- Broadcom
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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