[Latest] Global Networking Equipment Market Size/Share

Austin, TX, USA, June 27, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Networking Equipment Market Size, Trends and Insights By Component (Hardware, RAN, Core Network, Fixed Access, Others, Software, Infrastructure Software, OSS/BSS, Others, Services, Professional Services, Advisory/Consulting, Design / Optimization, Tools & Automation, Security, Deployment Services, Testing, Installation, Integration, Managed Services, Network Performance And Management, App / Data Management, RAN Operation Support, Core Operation Support, Security, Training), By Connectivity (2G/3G, 4G LTE, 5G), By Network Type (Public Network, Private Network), By End-User (Telecom Operators, Enterprises, Public Safety, Healthcare, Retail And E-commerce, Banking, Financial Services, & Insurance, Government & Defense, Manufacturing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand for global Networking Equipment Market Share & size was valued at approximately USD 19.52 Billion in 2022 and is expected to reach USD 20.29 Billion in 2023 and is expected to reach a value of around USD 27.22 Billion by 2032, at a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2023 to 2032.”

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Networking Equipment Market: Growth Factors and Dynamics

The networking equipment market is influenced by several dynamic factors that shape its growth and evolution. Understanding these dynamics is crucial for stakeholders in the market. Here are some key dynamics impacting the networking equipment market:

Technological Advancements: The rapid pace of technological advancements is a major dynamic in the networking equipment market. Emerging technologies like 5G, Software-Defined Networking (SDN), Network Function Virtualization (NFV), and the Internet of Things (IoT) are transforming network architectures, increasing bandwidth requirements, and driving the need for advanced networking equipment. Vendors must continually innovate and develop cutting-edge solutions to stay competitive.

Increasing Data Traffic: The exponential growth of data traffic, fueled by video streaming, cloud computing, social media, and enterprise applications, is a significant dynamic in the networking equipment market. The demand for networking equipment capable of handling higher bandwidth requirements and providing faster data transmission is increasing. Network scalability, reliability, and efficiency are key considerations in managing the growing data traffic.

Cloud Computing and Data Centers: The widespread adoption of cloud computing and the expansion of data centers are driving the demand for networking equipment. Networking equipment plays a vital role in connecting, managing, and securing cloud-based services and data center infrastructure. The market dynamics are influenced by the need for high-speed, low-latency networking solutions to support cloud-based applications and services.

Security Concerns: Network security is a critical dynamic in the networking equipment market. With the rise of cyber threats and data breaches, organizations are increasingly investing in network security solutions to protect their data and infrastructure. Networking equipment with built-in security features, such as firewalls, intrusion detection systems, and secure access controls, is in high demand.

Internet of Things (IoT) Connectivity: The proliferation of IoT devices and the need for seamless connectivity is driving the demand for networking equipment. IoT applications rely on robust and scalable network infrastructure to transmit data efficiently. Networking equipment vendors are focusing on providing solutions that can support the unique requirements of IoT devices and enable secure and reliable communication.

5G Network Deployment: The rollout of 5G networks is a significant dynamic in the networking equipment market. The increased speed, lower latency, and higher capacity offered by 5G require advanced networking infrastructure. Networking equipment manufacturers are developing solutions to support 5G network requirements, including routers, switches, and antennas.

Digital Transformation Initiatives: Organizations across various sectors are undergoing digital transformation to enhance productivity, efficiency, and competitiveness. This transformation often involves upgrading and modernizing network infrastructure, driving the demand for networking equipment. The dynamics of the market are influenced by the need for network solutions that can support emerging technologies like cloud computing, big data analytics, and IoT.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 20.29 Billion
Projected Market Size in 2032	USD 27.22 Billion
Market Size in 2022	USD 19.52 Billion
CAGR Growth Rate	4.5% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Component, Connectivity, Network Type, End-User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Networking Equipment report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Networking Equipment report has been modified to include the COVID-19 impact study prior to delivery.)

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Networking Equipment Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the networking equipment market. Here is an analysis of the effects of COVID-19 on the market:

Increased Demand for Remote Work and Learning: The pandemic necessitated remote work and remote learning arrangements, leading to a surge in demand for networking equipment. Organizations and educational institutions required robust and reliable network infrastructure to support remote communication, collaboration, and access to online resources. This increased demand for networking equipment such as routers, switches, and VPN solutions.
Accelerated Digital Transformation: COVID-19 accelerated digital transformation initiatives across various industries. Businesses rapidly adopted cloud services, online collaboration tools, and e-commerce platforms to ensure continuity during lockdowns and restrictions. This led to increased investments in networking equipment to support the growing digital infrastructure and the need for secure and reliable connectivity.
Increased Data Traffic: With more people working, learning, and consuming entertainment from home, there was a substantial increase in data traffic. Streaming services, video conferencing, and online gaming experienced unprecedented demand, putting pressure on network infrastructure. This led to a need for upgrading and expanding networking equipment to handle the surge in data traffic.
Shift towards Cloud-based Services: The pandemic highlighted the importance of cloud-based services for business continuity. Organizations increasingly migrated their operations, applications, and data to the cloud to ensure scalability, flexibility, and remote access. This shift drove the demand for networking equipment that could support cloud connectivity, data center interconnectivity, and secure remote access.
Supply Chain Disruptions: The networking equipment market faced supply chain disruptions during the pandemic. Manufacturing facilities and logistics were affected by lockdowns and restrictions, leading to delays in equipment production and delivery. These disruptions, coupled with increased demand, created challenges in meeting customer requirements and maintaining inventory levels.
Shift towards 5G Networks: Despite the challenges posed by the pandemic, the deployment of 5G networks continued. The improved speed, capacity, and latency of 5G technology became even more crucial during the pandemic, supporting remote work, telemedicine, and other digital services. Networking equipment vendors had to adapt their strategies to cater to the growing demand for 5G-compatible equipment.
Focus on Network Security: The pandemic highlighted the importance of network security as cyber threats increased during the crisis. With the expanded use of remote access and cloud-based services, organizations prioritized network security solutions. This drove the demand for networking equipment with built-in security features and solutions that could address emerging cyber threats.

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Key questions answered in this report:

What is the size of the Networking Equipment market and what is its expected growth rate?
What are the primary driving factors that push the Networking Equipment market forward?
What are the Networking Equipment Industry's top companies?
What are the different categories that the Networking Equipment Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Networking Equipment market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Networking Equipment Market – Regional Analysis

Regional analysis of the networking equipment market reveals distinct trends and opportunities across different regions. Here is a summary of the regional analysis:

North America: North America is a significant market for networking equipment, driven by technological advancements, high internet penetration, and the presence of key industry players. The region experiences robust demand for networking equipment due to the increasing adoption of cloud services, IoT devices, and digital transformation initiatives. Additionally, the deployment of 5G networks and the demand for advanced network infrastructure further contribute to market growth in North America.
Europe: Europe holds a substantial share in the networking equipment market. The region’s focus on smart city initiatives, digital transformation, and Industry 4.0 drives the demand for networking equipment. Additionally, the increasing adoption of IoT and the need for secure network infrastructure fuel market growth. European countries are also investing in advanced networking technologies like SDN and NFV, creating opportunities for networking equipment vendors.
Asia-Pacific: The Asia-Pacific region is expected to dominate the networking equipment market due to the high population, rapid industrialization, and the increasing adoption of digital technologies. Countries such as China, Japan, and South Korea are driving market growth with their significant investments in 5G networks, smart cities, and digital infrastructure. The region also witnesses a surge in demand for network equipment in sectors like telecommunications, manufacturing, healthcare, and transportation.
Latin America: Latin America showcases the significant potential for the networking equipment market. The region’s increasing internet penetration, growing e-commerce sector, and rising adoption of mobile and cloud-based services contribute to market growth. Governments in Latin American countries are also investing in expanding broadband connectivity and digital infrastructure, driving the demand for networking equipment.
Middle East and Africa: The Middle East and Africa region exhibit promising growth prospects in the networking equipment market. Countries in the Middle East, such as the United Arab Emirates and Saudi Arabia, are investing in smart city projects and digital transformation, fostering the demand for networking equipment. Additionally, the expanding telecommunications sector and rising internet penetration in Africa contribute to market growth.

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Browse the full “Networking Equipment Market Size, Trends and Insights By Component (Hardware, RAN, Core Network, Fixed Access, Others, Software, Infrastructure Software, OSS/BSS, Others, Services, Professional Services, Advisory/Consulting, Design / Optimization, Tools & Automation, Security, Deployment Services, Testing, Installation, Integration, Managed Services, Network Performance And Management, App / Data Management, RAN Operation Support, Core Operation Support, Security, Training), By Connectivity (2G/3G, 4G LTE, 5G), By Network Type (Public Network, Private Network), By End-User (Telecom Operators, Enterprises, Public Safety, Healthcare, Retail And E-commerce, Banking, Financial Services, & Insurance, Government & Defense, Manufacturing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/networking-equipment-market/

List of the prominent players in the Networking Equipment Market:

Telefonaktiebolaget LM Ericsson
Nokia Corporation
Samsung Electronics Co. Ltd.
ZTE Corporation
Juniper Networks Inc.
Huawei Technologies Co. Ltd.
Cisco Systems Inc.
Hewlett Packard Enterprise Development LP
Broadcom
ALE International (Alcatel-Lucent)
Others

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Networking Equipment Market: Networking Equipment Market Size, Trends and Insights By Component (Hardware, RAN, Core Network, Fixed Access, Others, Software, Infrastructure Software, OSS/BSS, Others, Services, Professional Services, Advisory/Consulting, Design / Optimization, Tools & Automation, Security, Deployment Services, Testing, Installation, Integration, Managed Services, Network Performance And Management, App / Data Management, RAN Operation Support, Core Operation Support, Security, Training), By Connectivity (2G/3G, 4G LTE, 5G), By Network Type (Public Network, Private Network), By End-User (Telecom Operators, Enterprises, Public Safety, Healthcare, Retail And E-commerce, Banking, Financial Services, & Insurance, Government & Defense, Manufacturing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

The Networking Equipment Market is segmented as follows:

Component

Hardware
- RAN
- Core Network
- Fixed Access
- Others
Software
- Infrastructure Software
- OSS/BSS
- Others
Services
- Professional Services
  - Advisory/Consulting
  - Design / Optimization
  - Tools & Automation
  - Security
- Deployment Services
  - Testing
  - Installation
  - Integration
- Managed Services
  - Network Performance And Management
  - App / Data Management
  - RAN Operation Support
  - Core Operation Support
  - Security
  - Training

Connectivity

2G/3G
4G LTE
5G

Network Type

Public Network
Private Network

End-User

Telecom Operators
Enterprises
- Public Safety
- Healthcare
- Retail And E-commerce
- Banking, Financial Services, & Insurance
- Government & Defense
- Manufacturing
- Others

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By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Networking Equipment Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Networking Equipment Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Networking Equipment Market? What Was the Capacity, Production Value, Cost and PROFIT of the Networking Equipment Market?
What Is the Current Market Status of the Networking Equipment Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of the Networking Equipment Market by Considering Applications and Types?
What Are Projections of the Global Networking Equipment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Networking Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Networking Equipment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Networking Equipment Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Networking Equipment Industry?

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Reasons to Purchase Networking Equipment Market Report

Networking Equipment Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Networking Equipment Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Networking Equipment Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Networking Equipment Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Networking Equipment market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Networking Equipment market analysis.

The competitive environment of current and potential participants in the Networking Equipment market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Networking Equipment market should find this report useful. The research will be useful to all market participants in the Networking Equipment industry.

Managers in the Networking Equipment sector are interested in publishing up-to-date and projected data about the worldwide Networking Equipment market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Networking Equipment products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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