The broadband network gateway (BNG) market is anticipated to reach US$ 925.66 million in 2023 and record a CAGR of 11% between 2023 and 2033. The broadband network gateway market is expected to reach US$ 2,629 million in 2033.
An ever-growing market for broadband providers, along with an increase in the use of smartphones, tablets, and other devices, drive the growth of the BNG market. The market for BNG will continue to grow since the demand for support and maintenance services and high-quality products continues to rise.
Historically, consumers have favored the fastest and most affordable broadband connections in recent years. Fixed broadband has taken over the market in the last few years. In addition to serving mobile connectivity needs, assets are now being utilized for fixed connectivity. The market is supported by:
Value-added services are being offered by service providers as a means of increasing average revenue per user (ARPU). These services require different qualities and standards from the equipment that is deployed by the service provider, including, among other things, high performance and quality.
For instance, Calix, Inc. recently announced new capabilities for its award-winning Calix Intelligent Access EDGETM solution that simplifies broadband service provider (BSP) operations and increases revenue. Broadband service providers partnering with Calix can take advantage of Calix's Automated Access Network Gateway capability, an industry-first solution to automatically assign IPv4 addresses. Since IPv4 address exhaustion is limiting subscriber growth, BSPs must implement multi-netting to assign addresses from different subnets to support subscriber growth.
Broadband services have become an invaluable asset to businesses and individuals alike as they offer several opportunities for the new technological era. Faster speeds, broader coverage, and greater reliability are some of the benefits of broadband networks that increase productivity and customer satisfaction.
A faster internet connection has enhanced business communication, enabling better customer service, faster product delivery, and improved partner and vendor relationships. Cloud applications and data can also be accessed more easily with faster networks, enabling companies to access large amounts of data from a variety of locations at the same time.
The increased speeds of broadband networks have also been beneficial to individuals who are connected to them. Streaming movies and television shows, downloading large files, and playing online games become more enjoyable with faster speeds to users in the market. The future of broadband may be even more promising as technology continues to improve.
The development of various applications in the market is leading to a growth in demand for broadband network gateways (BNGs). For instance, RtBrick, which bills itself as a leader in disaggregated systems, announced the first application of its next-generation routing code in cloud-native broadband network gateways (BNGs). It can also run on x86-based servers, having been tested on Delta and Edgecore Switch platforms.
Broadband internet service has become increasingly important in the Asia Pacific region. There is a significant rise in the demand for high-speed, reliable connections for businesses, individuals, and organizations. China, Japan, and Taiwan are some of the major providers of broadband network gateways in the Asia-Pacific region. Major providers include Huawei, ZTE, Cisco, Nokia, and Ericsson. Companies in this industry provide routers, switches, and other network equipment to internet service providers (ISPs) and telecommunications companies.
Aside from the established broadband players in the region, there are also a growing number of start-ups and smaller companies that are developing innovative broadband solutions that are geared toward the needs of the region. For example, AirTies, a Singapore-based startup, provides seamless coverage throughout a home or office using multiple wireless access points. Increasing demand for high-speed internet access and the growing availability of 5G networks are expected to drive the broadband market in the Asia-Pacific region to grow rapidly in the coming years.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 850 million |
| Expected Market Value (2023) | US$ 925.66 million |
| Anticipated Forecast Value (2033) | US$ 2,629 million |
| Projected Growth Rate (2023 to 2033) | 11% CAGR |
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Digital Transformation and Growing Demand for Wireless System is Spurring the Market Growth
Businesses and organizations find themselves in an increasingly complex network world. As the tides of data is increasing continuously, businesses are shifting towards automation and virtualization for optimizing the cost and scale of experiences that they want to create.
Businesses must adopt BYOD, apps, and a different type of voice and collaboration tools so that their teams can connect across geographies, devices, platforms. Moreover, a significant increase in the number of smartphone-using population around the world will encourage consumers to adopt 5G-enabled services.
As industry enter the digital era of 5G-enabled services and cloud, the Broadband Network Gateway (BNG) marks major milestone in the evolution. The Broadband Network Gateway (BNG) architecture for 5G is being specified by broadband forum and separates the user and control plane functions so that it becomes simple for Broadband Network Gateway (BNG) deployment and operation for multi-access broadband aggregation, while enabling the evolution to 5G fixed-mobile convergence.
Furthermore, the wireless market has experienced remarkable growth and development in past few years owing to the introduction of wireless broadband network systems. A continuous increase in the number of subscribers and new application areas of wireless technologies has created potential growth opportunities for the market.
Increasing Investments in Telecom Industry in Asia Pacific Region is Driving the Market Growth in the Region
Infrastructure is always a priority of different countries when it comes to investments. The telecommunication sector is a sector that is witnessing rapid growth with scope for investments in infrastructure. The governments of countries like Japan, China, India, South Korea are investing a high amount for the improvement of telecommunication infrastructure which is driving the market growth.
Moreover, investments in the telecommunication sector have a high potential to boost economic growth and create employment. The emerging trend of 5G technology has a potential to transform the telecom industry as well as the telecom experience of end users.
Furthermore, various telecom enterprises around the globe have started upgrading their current network infrastructure with high-speed connectivity. Thus, heavy investments for the betterment of telecommunication infrastructure is one of the major factors driving the Broadband Network Gateway (BNG) market growth.
For instance, South Korea, China, and Japan are leading in tests throughout the 5G deployment cycle. Furthermore, China invested approximately US$ 180 Bn in mainland telecommunication infrastructure and is planning for full commercial launch of 5G networks and services in 2020.
Principal Consultant
The key players in the Broadband Network Gateway (BNG) are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Broadband Network Gateway (BNG) market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Broadband Network Gateway (BNG) market attractiveness as per segments.
The report on Broadband Network Gateway (BNG) market also maps the qualitative impact of various factors on Broadband Network Gateway (BNG) market segments and geographies.
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Broadband Network Gateway (BNG) Market
