What is Networking Equipment Market?
Network equipment are the devices which are required for establishing the communication between two or more devices. These devices includes hubs, switches, routers, bridges, gateways, multiplexers, transceivers and firewalls. The network equipment are connected through different topologies such as bus, ring, star, tree, and mesh. In case of wireless networks these devices communicate through the radio waves. Whereas the cables in wired networks are equipped with 15 pin connectors. Moreover, the function of these devices are Open system Interconnection (OSI) reference model. It is estimated that the number of networked devices will increase from 2.4 per capita in 2018 to 3.6 per capita in 2023. Therefore there will be 29.3 billion networked devices in 2023 as compared to 18.4 billion in 2018.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Alcatel-Lucent (France), Ericsson (Sweden), Juniper Networks (United States), NEC Corp (Japan), HUAWEI (China), CISCO (United States), ZTE (China), D-Link (Taiwan), TP-Link (China) and Netgear (United States) |
CAGR | % |
The market study is being classified by Type (NIC, Hubs, Switches, Routers, Repeaters, Bridges, Gateways, Multiplexers, Transceivers and Others), by Application (Household, Enterprise, Organisation and Others) and major geographies with country level break-up.
Alcatel-Lucent (France), Ericsson (Sweden), Juniper Networks (United States), NEC Corp (Japan), HUAWEI (China), CISCO (United States), ZTE (China), D-Link (Taiwan), TP-Link (China) and Netgear (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Tengda (China), H3C Holding (China) and Ruijie (China).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Networking Equipment market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Networking Equipment market by Type, Application and Region.
On the basis of geography, the market of Networking Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurge in Consumer Broadband Penetration is fueling the market growth. The usage of broadband in commercial as well as household is leading to demand of networking equipment. In addition, the coronavirus pandamic has led to online learning for students and work from home for employees which is having positive impact on the market.
Market Trend
- Technological Developments in Networking Devices
- Rising Usage of Networking Equipment in IT Industry
Restraints
- Increasing Threat of Data Breach
- Lack of Guidelines for networking devices and Consumer Awareness
Opportunities
- Development of Smart Cities are Increasing the Demand of Networking Devices. The government has taken initiatives to build smart cities in various economies. In this development Internet of Things will play a vital role.
Challenges
- Complexity involved in development of network standards such as 5G may hamper the market.
Market Leaders and some development strategies
In November 2019, Jupiter Networks has planned to acquire HTBASE which provides the single layer of Compute, networking and storage across public and private cloud.
On January 2020, Comcast has launched the Internet device next generation xFi Advanced Gateway. It is capable of delivering multi Gigabit speed.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations