Network Equipment Market

Network Equipment Market Outlook (2022 to 2032)

The global network equipment market is forecasted to be valued atUSD 65,788 Million by 2032, up fromUSD 29,544 Million in 2022, and advancing at aCAGR of 8.3%during the forecast period.

Traditional telecom operators are adopting more than ISP to operate as per the consumer needs. In order to help end users survive challenges, there has been an acute rise in the demand for network equipment.

Talking about the market game, the public and private players are collaborating strategically in developing economies, which is likely to pan out as a key network equipment market trend during the forecast period.

Report Attributes	Details
Network Equipment Market Value (2022)	USD 29,544 Million
Network Equipment Market Anticipated Value (2032)	USD 65,788 Million
Network Equipment Market Projected Growth Rate (2032)	8.3%

Usage of NGN amongst both small and medium-scale enterprises surges the sales of network equipment. Widespread industrialisation aids in the growth of the global network equipment market growth.

NGN enables coherent control of multiple transport technologies like asynchronous transfer mode (ATM), time division multiplexing (TDM), wavelength division multiplexing (WDM), frame relay (FR), etc., via the adoption of network equipment.

Telecom to Call for Massive Innovation as an End User

The telecommunication industry is witnessing new innovations and surging demand for network equipment. Supporting high-speed services, voice communication, and data services drives the sales of network equipment.

The adoption of network equipment offers sufficient bandwidth to support increasing data traffic. An increase in public-private partnership (PPP) for NGN development further propels the network equipment market growth.

The reasonably lower operational cost of NGN development expands the network equipment market share. Exponential growth in mobile data traffic and IP increases the adoption of network equipment.

An increasing number of consumers using smartphones and tablets rises the demand for network equipment. NGN advertising partners reach their customers in new and innovative strategies by leveraging the power of the network and escalating the sales of network equipment.

Telecommunication companies providing significant quality and quantity of data via the trend of voice over internet protocol broadens the network equipment market size. Growing demand for faster connectivity, high-speed data transfer with low latency, and high responsive network is addressed with the adoption of network equipment.

Increasing use of services and applications by consumer electronic devices, as well as business usage, escalates the demand for network equipment. Customer terminal equipment providing services by integrated PBX and company webs separately increases demand for network equipment amongst enterprises.

The rising adoption of convergent billing systems and demand for customer care services extends the network equipment market size. Flexible architecture and the transformation, which includes shifting from traditional copper wire to optical fiber cables offering high-speed services, grow the adoption of network equipment.

Growing upgradation of existing infrastructure with advanced systems expands the network equipment market share. Interesting infrastructural development activities in developing countries are contributing to the next generation of network equipment market growth.

Are Growth Deterrents too Prominent in the Network Equipment Market?

High costs associated with R&D activities are likely to curb the sales of network equipment. A rigid regulatory framework in developing economies further obstructs the network equipment market growth.

The reluctance of small service providers to deploy new next-generation technologies hinders the demand for network equipment. Limitations in large-scale technology and infrastructure are likely to further hamper the otherwise steady adoption of network equipment.

Developing the infrastructure and the high costs associated with it impedes the network equipment market share. The slow adoption rate and availability of high-speed technologies in undeveloped countries further obstruct the global network equipment market size. New entrants or players provoking competition in the market thwarts the sales of network equipment. Low awareness about services offered by NGN challenges the network equipment market growth.

Availability of high-speed wireless networks, digital subscriber lines and power line communication, among other technologies, curbs the adoption of network equipment. Regulatory issues and difficulties in the integration of legacy systems using advanced systems hamper the demand for network equipment.

Growth Propellers to Watch Out for in the Network Equipment Market

• Increasing demand for high-speed multimedia services like VoIP, HDTV, and mobility surges the demand for network equipment. The expected change to the concurrent ways of communication in the NGN infrastructure promises growth of the network equipment market share.
• R&D activities and investments implemented by government authorities increase the demand for network equipment. Mergers, acquisitions, and strategic alliances are critical strategies executed by top market players boosts the adoption of network equipment.
• Providing niche services, high support teams and outstanding customer service provided by vendors further expands the network equipment market share. Increasing data traffic owing to the rise in social media, creating demand for effective and high capacity IP-based networks assists in the growth of the network equipment market size.

How is the Performance of the North America Network Equipment Market?

North America dominates the network equipment market share with an approximate revenue share of 34.1% through 2032. Owing to rising technological transformations in the manufacturing sector and growing government initiatives to authorise the implementation of artificial intelligence in various applications.

As the primary hub for all major organisations across the world - the expansion of the retail industry and the growth of IoT are driving demand for network equipment across the globe.

What is the status of the Asia-Pacific Network equipment Market?

The APEJ (Asia-Pacific excluding Japan) is anticipated to have maximum potential for revenue growth in the global network equipment market. This is attributed to the increasing infrastructural development activities and enormous potential for network connectivity.

On the other hand, Europe is a growing network equipment market, projecting a CAGR of 25.4%. Lucrative growth opportunities for the regions in Western Europe owes to the revolution of IT and telecommunication sectors.

How is the Start-up Ecosystem in the Network equipment Market?

Start-up companies are rising to the occasion of helping define the landscape of high performance networking, especially in the business sectors. New companies with new ideas, innovations and strategies are emerging overnight with promises of changing the face of communication for the better.

In the metropolitan segment of the USA particularly - Corvis Corp., Redback Networks Inc., Tenor Networks, Alidian Networks Inc., Astral Point Communications Inc., etc. are anticipated to launch new-product introductions.

Top Network Equipment Market Players Showing High Resilience

Some of the key players of the network equipment market are Wipro Limited, NEC Corporation, Cisco Systems Inc., Cupola Technology, Fujitsu., Verizon Communications, Inc., ZTE Corporation, Ericsson, Huawei Investments and Holding Co. Ltd., Qualcomm Incorporated, Alcatel-Lucent S.A., Hewlett-Packard Company, Formula Telecom Solutions, AT&T Inc., Amdocs, Carillion, Elitecore Technologies, Computer, WebNMS, Tech Mahindra Limited, IBM Corporation, Oracle Corporation, OpenCloud, Mycom, Tata Consultancy Services Limited, LohNet Systems, Corvis Corp., Redback Networks Inc., Tenor Networks, Alidian Networks Inc., Astral Point Communications Inc., VMware Inc., Juniper Network Inc., F5 Networks Inc., M2 Telecommunication Group, etc.

These companies tirelessly work to bring in new innovations for data transfer as usage of smart devices increase amongst the population. Government investment and R&D activities, contribute to the overall market growth.

Some of the Recent Developments in the Network Equipment Market are

• In 2013, Ericsson acquired Telcocell and Thailand-based TelOSS consulting, while Amdocs acquired Celicite to increase its product portfolio further into the metal software market.
• In 2014, Huawei, Ericsson, and Nokia Siemens & Network formed a strategic alliance to offer OSS interoperability, which will help operators reduce costs.
• In 2018, Conde-Nest launched its next generation network with a collection of new brands which will help reach new audiences on various platforms.
• In October 2019, Nokia launched the Quillion, which is a new family of chipsets that powers the next-generation massive scale access networks.

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 8.3% from 2022 to 2032
Base year for estimation	2021
Historical data	2016 to 2021
Forecast period	2022 to 2032
Quantitative units	Revenue in USD million and CAGR from 2022 to 2032
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered	Type, Application, End User and Region
Regional scope	North America; Western Europe; Eastern Europe; Middle East Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand
Country scope	USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa
Key companies profiled	Wipro Limited; NEC Corporation; Cisco Systems Inc.,; Cupola Technology; Fujitsu.; Verizon Communications Inc.,; ZTE Corporation; Ericsson; Huawei Investments and Holding Co. Ltd.; Qualcomm Incorporated; Alcatel-Lucent S.A.; Hewlett-Packard Company; Formula Telecom Solutions; AT&T Inc.; Amdocs; Carillion; Elitecore Technologies; Computer; WebNMS; Tech Mahindra Limited; IBM Corporation; Oracle Corporation; OpenCloud; Mycom; Tata Consultancy Services Limited; LohNet Systems; Corvis Corp.; Redback Networks Inc.; Tenor Networks; Alidian Networks Inc.; Astral Point Communications Inc.; VMware Inc.; Juniper Network Inc.; F5 Networks Inc.; M2 Telecommunication Group; etc.
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Key Segments

By Type:

• High-fibre Copper Cables
• Broadband Wireless
• Broadband Devices Over Power Lines

By Application:

• Business
• Industrial
• Hospitals
• Retail Industry
• Corporations
• Lifestyle

By End User:

• Small
• Medium
• Large Enterprises

By Region:

• North America
• Latin America
• MEA
• Asia Pacific
• Europe

Frequently Asked Questions

How is the Network Equipment Market Growing?

The network equipment market is predicted to grow at a CAGR of 8.3% through 2032.

What is the Future Scope of Growth for the Network equipment Market?

The network equipment market is expected to surpass USD 65,788 Million by 2032.

Which Region Holds the Highest Revenue Potential in the Network equipment Market?

North America is the leading region in the network equipment market