Report Code: CMI24052

Published Date: June 2023

Pages: 220+

Category: Network Security

Report Snapshot

CAGR: 4.5%
19.52B
2022
20.29B
2023
27.22B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Telefonaktiebolaget LM Ericsson
  • Nokia Corporation
  • Samsung Electronics Co. Ltd.
  • ZTE Corporation
  • Juniper Networks Inc.
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Networking Equipment market is expected to record a CAGR of 4.5% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 19.52 billion. By 2032, the valuation is anticipated to reach USD 27.22 Billion.

The networking equipment market refers to the industry involved in the manufacturing, sales, and distribution of hardware and software components used to establish and manage computer networks.

Networking equipment enables connectivity and communication between various devices and systems within a network infrastructure. This market encompasses a wide range of products and technologies, including routers, switches, hubs, modems, network cables, wireless access points, network adapters, network security devices, network management software, and more.

These components are designed to facilitate data transmission, routing, switching, and network management to ensure efficient and reliable communication between devices and systems.

The networking equipment market caters to diverse sectors, including telecommunications, IT and data centers, healthcare, government, education, financial services, manufacturing, and various other industries. With the increasing demand for high-speed data transfer, reliable connectivity, and secure network infrastructure, the networking equipment market continues to evolve and innovate to meet the ever-growing networking needs of organizations and individuals.

Key players in the networking equipment market include technology companies, network equipment manufacturers, telecommunications providers, and system integrators. They strive to develop advanced networking solutions that offer higher performance, scalability, security, and management capabilities to meet the demands of modern network environments.

Networking Equipment Market – Significant Growth Factors

The networking equipment market is experiencing significant growth due to several key factors. Here are some of the significant growth factors driving the market:

  • Increasing Demand for Internet of Things (IoT): The proliferation of IoT devices across various sectors, including smart homes, industrial automation, healthcare, and transportation, is driving the need for robust network infrastructure. Networking equipment plays a crucial role in connecting and managing these IoT devices, driving the demand for networking components.
  • Growth of Cloud Computing: The widespread adoption of cloud computing services has increased the demand for networking equipment. Cloud-based applications and services rely on efficient network connectivity and data transmission, requiring organizations to upgrade their networking infrastructure with advanced equipment to meet the increasing bandwidth and latency requirements.
  • Expansion of 5G Networks: The rollout of 5G networks promises higher data speeds, lower latency, and increased capacity. This requires the deployment of advanced networking equipment, such as routers and switches, capable of handling the higher network demands associated with 5G technology. The demand for networking equipment is expected to grow as more regions adopt and expand their 5G networks.
  • Digital Transformation Initiatives: Organizations across various industries are undergoing digital transformation to enhance productivity, efficiency, and competitiveness. This transformation often involves upgrading and modernizing network infrastructure to support new technologies, such as cloud computing, big data analytics, artificial intelligence, and the Internet of Things (IoT). This drives the demand for networking equipment that can support these digital initiatives.
  • Increasing Data Traffic and Bandwidth Requirements: With the exponential growth of data traffic, driven by video streaming, online gaming, social media, and enterprise applications, there is a need for networking equipment capable of handling higher bandwidth requirements. This includes routers, switches, and network infrastructure that can provide faster and more reliable data transmission.
  • Network Security Needs: The rising frequency and sophistication of cyber threats have led to an increased focus on network security. Organizations are investing in networking equipment with built-in security features to protect their networks from cyber attacks and unauthorized access. This includes firewalls, intrusion detection systems, and other security appliances, driving the growth of the networking equipment market.
  • Emerging Technologies: The advent of new technologies like Software-Defined Networking (SDN) and Network Function Virtualization (NFV) is transforming network architecture and operations. These technologies require specialized networking equipment to enable centralized network control, virtualization, and automation. As organizations adopt these technologies, the demand for networking equipment tailored for SDN and NFV environments is expected to increase.

Global Networking Equipment Market 2023–2032 (Connectivity)

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Networking Equipment Market – Mergers and Acquisitions

The networking equipment market has witnessed several mergers and acquisitions as companies seek to strengthen their market position, expand their product offerings, and enhance their technological capabilities. Here are some notable mergers and acquisitions in the networking equipment market:

  • Cisco Systems and Acquisitions: Cisco, a leading networking equipment provider, has engaged in numerous acquisitions to bolster its product portfolio and expand its market reach. Notable acquisitions include:
  • Acquisition of Meraki (2012): Cisco acquired Meraki, a cloud-managed networking company, to enhance its offerings in cloud-managed networking solutions.
  • Acquisition of Viptela (2017): Cisco acquired Viptela, a software-defined wide area networking (SD-WAN) company, to strengthen its SD-WAN portfolio.
  • Acquisition of Duo Security (2018): Cisco acquired Duo Security, a cybersecurity company, to enhance its network security capabilities.
  • Nokia and Alcatel-Lucent Merger: In 2016, Nokia acquired Alcatel-Lucent, forming a merger between the two companies. This merger expanded Nokia’s networking equipment capabilities and positioned the company as a major player in the telecommunications equipment market.
  • HPE and Aruba Networks: In 2015, Hewlett Packard Enterprise (HPE) acquired Aruba Networks, a provider of wireless networking solutions. This acquisition allowed HPE to strengthen its networking portfolio, particularly in the wireless and mobility space.
  • Juniper Networks and Contrail Systems: Juniper Networks acquired Contrail Systems in 2012 to enhance its software-defined networking (SDN) capabilities. This acquisition helped Juniper Networks expand its presence in the growing SDN market.
  • Brocade Communications and Ruckus Wireless: In 2016, Brocade Communications Systems acquired Ruckus Wireless, a provider of wireless networking solutions. This acquisition strengthened Brocade’s position in the wireless networking market and enabled the company to offer end-to-end networking solutions.
  • Extreme Networks and Avaya Networking: In 2017, Extreme Networks acquired Avaya’s networking business, which included its data networking, wireless networking, and network management solutions. This acquisition expanded Extreme Networks’ customer base and product portfolio.
  • Fortinet and Meru Networks: Fortinet, a cybersecurity company, acquired Meru Networks in 2015. This acquisition allowed Fortinet to integrate Meru Networks’ wireless networking technologies into its security solutions, providing comprehensive network security offerings.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Networking Equipment Market Infrastructure as a Service Market Private 5G Network Market
CAGR 4.5% (Approx) CAGR 28.1%

(Approx)

CAGR 49.7%

(Approx)

USD 27.22 billion by 2032 USD 485.5 Billion by 2030 USD 41.80 Billion by 2030

Networking Equipment Market – Significant Threats

While the networking equipment market presents significant growth opportunities, there are also certain threats that companies operating in this industry should be aware of. Here are some significant threats in the networking equipment market:

  • Intense Competition: The networking equipment market is highly competitive, with several established players and new entrants vying for market share. Intense competition can lead to price pressures, reduced profit margins, and challenges in differentiating products. Companies need to continually innovate, differentiate their offerings, and effectively market their solutions to maintain a competitive edge.
  • Rapid Technological Advancements: Networking technologies and standards are evolving at a rapid pace. New technologies such as Software-Defined Networking (SDN), Network Function Virtualization (NFV), and 5G are transforming the networking landscape. Companies that fail to keep up with these advancements risk becoming outdated and losing market relevance. Continuous investment in research and development is crucial to stay ahead in the market.
  • Cybersecurity Risks: With the increasing connectivity and digitization of networks, cybersecurity threats are a significant concern. Networking equipment is often a target for cyberattacks, and vulnerabilities in equipment can lead to data breaches, network disruptions, and reputational damage. Networking equipment manufacturers must prioritize robust security measures and regularly update the firmware to address emerging threats.
  • Market Saturation: The networking equipment market has reached a certain level of maturity in some segments. Saturation in certain markets or product categories can lead to slower growth rates and reduced demand. Companies need to identify new market opportunities, diversify their product offerings, and enter emerging sectors to sustain growth.
  • Economic Uncertainty: Economic downturns and fluctuations can impact the networking equipment market. During periods of economic uncertainty, businesses may postpone network infrastructure investments, leading to reduced demand for networking equipment. Companies in the market should be prepared to navigate through economic challenges and adapt their strategies accordingly.
  • Supply Chain Disruptions: Disruptions in the global supply chain, such as natural disasters, trade disputes, or geopolitical factors, can impact the availability of critical components for networking equipment manufacturing. Supply chain disruptions can lead to delays in production, increased costs, and challenges in meeting customer demands.
  • Regulatory and Compliance Requirements: Networking equipment must adhere to various regulatory and compliance standards, including data privacy, network security, and environmental regulations. Failure to comply with these requirements can result in penalties, legal issues, and damage to a company’s reputation. Staying updated with regulatory changes and ensuring compliance is essential for networking equipment manufacturers.

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 2023
Forecast Period 2024-2033
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.

Category-Wise Insights

By Component:

In 2023, the hardware segment held the largest market share, accounting for over 58% of the global revenue in the networking equipment market. This segment’s dominance can be attributed to the increasing adoption of network hardware and core equipment in various applications, including enterprises, remote surgeries, industrial robotics, autonomous vehicles, wireless cameras, and smart cities.

The hardware segment’s growth is further fueled by the emergence of services like RAN (Radio Access Network), core network services, and fixed access hardware components.

By Connectivity:

In 2023, the 4G LTE segment emerged as the dominant force in the market, capturing over 74% of the global revenue in the networking equipment market.

The 4G LTE technology, specifically Voice over Long-term Evolution (VoLTE), leverages the capabilities of 4G/LTE networks to efficiently transmit data and route voice traffic. Furthermore, 4G LTE facilitates quicker access to applications and content, reduces latency, and supports converged multimedia services with unified protocols and architectures.

By Network Type:

In 2023, the public segment emerged as the dominant player in the networking equipment industry, capturing a significant share of 67% of the global revenue. This segment’s growth can be primarily attributed to the increasing number of smart city projects being undertaken worldwide.

For instance, in May 2020, the city of Hong Kong introduced a subsidy plan aimed at promoting the early adoption of 5G technology throughout the region. Such initiatives are anticipated to drive the demand for public networks, consequently fostering the industry’s growth.

Global Networking Equipment Market 2023–2032 (By Billion)

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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.

Global Networking Equipment Market 2023–2032 (Network Type)

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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

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

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • 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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Networking Equipment Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Networking Equipment Market : snapshot
  • Chapter 3. Global Networking Equipment Market – Industry Analysis
    • 3.1 Networking Equipment Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand for Internet of Things (IoT)
      • 3.2.2 Growth of Cloud Computing
      • 3.2.3 Expansion of 5G Networks
      • 3.2.4 Digital Transformation Initiatives
      • 3.2.5 Increasing Data Traffic and Bandwidth Requirements
      • 3.2.6 Network Security Needs
      • 3.2.7 Emerging Technologies.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Component
      • 3.7.2 Market attractiveness analysis By Connectivity
      • 3.7.3 Market attractiveness analysis By Network Type
      • 3.7.4 Market attractiveness analysis By End-User
  • Chapter 4. Global Networking Equipment Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Networking Equipment Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Networking Equipment Market – Component Analysis
    • 5.1 Global Networking Equipment Market overview: By Component
      • 5.1.1 Global Networking Equipment Market share, By Component , 2022 and – 2033
    • 5.2 Hardware
      • 5.2.1 Global Networking Equipment Market by Hardware, 2024 – 2033 (USD Billion)
    • 5.3 RAN
      • 5.3.1 Global Networking Equipment Market by RAN, 2024 – 2033 (USD Billion)
    • 5.4 Core Network
      • 5.4.1 Global Networking Equipment Market by Core Network, 2024 – 2033 (USD Billion)
    • 5.5 Fixed Access
      • 5.5.1 Global Networking Equipment Market by Fixed Access, 2024 – 2033 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Networking Equipment Market by Others, 2024 – 2033 (USD Billion)
    • 5.7 Software
      • 5.7.1 Global Networking Equipment Market by Software, 2024 – 2033 (USD Billion)
    • 5.8 Infrastructure Software
      • 5.8.1 Global Networking Equipment Market by Infrastructure Software, 2024 – 2033 (USD Billion)
    • 5.9 OSS/BSS
      • 5.9.1 Global Networking Equipment Market by OSS/BSS, 2024 – 2033 (USD Billion)
    • 5.10 Others
      • 5.10.1 Global Networking Equipment Market by Others, 2024 – 2033 (USD Billion)
    • 5.11 Services
      • 5.11.1 Global Networking Equipment Market by Services, 2024 – 2033 (USD Billion)
    • 5.12 Professional Services
      • 5.12.1 Global Networking Equipment Market by Professional Services, 2024 – 2033 (USD Billion)
    • 5.13 Advisory/Consulting
      • 5.13.1 Global Networking Equipment Market by Advisory/Consulting, 2024 – 2033 (USD Billion)
    • 5.14 Design / Optimization
      • 5.14.1 Global Networking Equipment Market by Design / Optimization, 2024 – 2033 (USD Billion)
    • 5.15 Tools & Automation
      • 5.15.1 Global Networking Equipment Market by Tools & Automation, 2024 – 2033 (USD Billion)
    • 5.16 Security
      • 5.16.1 Global Networking Equipment Market by Security, 2024 – 2033 (USD Billion)
    • 5.17 Deployment Services
      • 5.17.1 Global Networking Equipment Market by Deployment Services, 2024 – 2033 (USD Billion)
    • 5.18 Testing
      • 5.18.1 Global Networking Equipment Market by Testing, 2024 – 2033 (USD Billion)
    • 5.19 Installation
      • 5.19.1 Global Networking Equipment Market by Installation, 2024 – 2033 (USD Billion)
    • 5.20 Integration
      • 5.20.1 Global Networking Equipment Market by Integration, 2024 – 2033 (USD Billion)
    • 5.21 Managed Services
      • 5.21.1 Global Networking Equipment Market by Managed Services, 2024 – 2033 (USD Billion)
    • 5.22 Network Performance And Management
      • 5.22.1 Global Networking Equipment Market by Network Performance And Management, 2024 – 2033 (USD Billion)
    • 5.23 App / Data Management
      • 5.23.1 Global Networking Equipment Market by App / Data Management, 2024 – 2033 (USD Billion)
    • 5.24 RAN Operation Support
      • 5.24.1 Global Networking Equipment Market by RAN Operation Support, 2024 – 2033 (USD Billion)
    • 5.25 Core Operation Support
      • 5.25.1 Global Networking Equipment Market by Core Operation Support, 2024 – 2033 (USD Billion)
    • 5.26 Security
      • 5.26.1 Global Networking Equipment Market by Security, 2024 – 2033 (USD Billion)
    • 5.27 Training
      • 5.27.1 Global Networking Equipment Market by Training, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Networking Equipment Market – Connectivity Analysis
    • 6.1 Global Networking Equipment Market overview: By Connectivity
      • 6.1.1 Global Networking Equipment Market share, By Connectivity , 2022 and – 2033
    • 6.2 2G/3G
      • 6.2.1 Global Networking Equipment Market by 2G/3G, 2024 – 2033 (USD Billion)
    • 6.3 4G LTE
      • 6.3.1 Global Networking Equipment Market by 4G LTE, 2024 – 2033 (USD Billion)
    • 6.4 5G
      • 6.4.1 Global Networking Equipment Market by 5G, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Networking Equipment Market – Network Type Analysis
    • 7.1 Global Networking Equipment Market overview: By Network Type
      • 7.1.1 Global Networking Equipment Market share, By Network Type , 2022 and – 2033
    • 7.2 Public Network
      • 7.2.1 Global Networking Equipment Market by Public Network, 2024 – 2033 (USD Billion)
    • 7.3 Private Network
      • 7.3.1 Global Networking Equipment Market by Private Network, 2024 – 2033 (USD Billion)
  • Chapter 8. Global Networking Equipment Market – End-User Analysis
    • 8.1 Global Networking Equipment Market overview: By End-User
      • 8.1.1 Global Networking Equipment Market share, By End-User , 2022 and – 2033
    • 8.2 Telecom Operators
      • 8.2.1 Global Networking Equipment Market by Telecom Operators, 2024 – 2033 (USD Billion)
    • 8.3 Enterprises
      • 8.3.1 Global Networking Equipment Market by Enterprises, 2024 – 2033 (USD Billion)
    • 8.4 Public Safety
      • 8.4.1 Global Networking Equipment Market by Public Safety, 2024 – 2033 (USD Billion)
    • 8.5 Healthcare
      • 8.5.1 Global Networking Equipment Market by Healthcare, 2024 – 2033 (USD Billion)
    • 8.6 Retail And E-commerce
      • 8.6.1 Global Networking Equipment Market by Retail And E-commerce, 2024 – 2033 (USD Billion)
    • 8.7 Banking, Financial Services, & Insurance
      • 8.7.1 Global Networking Equipment Market by Banking, Financial Services, & Insurance, 2024 – 2033 (USD Billion)
    • 8.8 Government & Defense
      • 8.8.1 Global Networking Equipment Market by Government & Defense, 2024 – 2033 (USD Billion)
    • 8.9 Manufacturing
      • 8.9.1 Global Networking Equipment Market by Manufacturing, 2024 – 2033 (USD Billion)
    • 8.10 Others
      • 8.10.1 Global Networking Equipment Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 9. Networking Equipments Market – Regional Analysis
    • 9.1 Global Networking Equipments Market Regional Overview
    • 9.2 Global Networking Equipments Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Networking Equipments Market, 2024 – 2033 (USD Billion)
        • 9.3.1.1 North America Networking Equipments Market, by Country, 2024 – 2033 (USD Billion)
    • 9.4 North America Networking Equipments Market, by Component , 2024 – 2033
      • 9.4.1 North America Networking Equipments Market, by Component , 2024 – 2033 (USD Billion)
    • 9.5 North America Networking Equipments Market, by Connectivity , 2024 – 2033
      • 9.5.1 North America Networking Equipments Market, by Connectivity , 2024 – 2033 (USD Billion)
    • 9.6 North America Networking Equipments Market, by Network Type , 2024 – 2033
      • 9.6.1 North America Networking Equipments Market, by Network Type , 2024 – 2033 (USD Billion)
    • 9.7 North America Networking Equipments Market, by End-User , 2024 – 2033
      • 9.7.1 North America Networking Equipments Market, by End-User , 2024 – 2033 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Networking Equipments Market, 2024 – 2033 (USD Billion)
        • 9.8.1.1 Europe Networking Equipments Market, by Country, 2024 – 2033 (USD Billion)
    • 9.9 Europe Networking Equipments Market, by Component , 2024 – 2033
      • 9.9.1 Europe Networking Equipments Market, by Component , 2024 – 2033 (USD Billion)
    • 9.10 Europe Networking Equipments Market, by Connectivity , 2024 – 2033
      • 9.10.1 Europe Networking Equipments Market, by Connectivity , 2024 – 2033 (USD Billion)
    • 9.11 Europe Networking Equipments Market, by Network Type , 2024 – 2033
      • 9.11.1 Europe Networking Equipments Market, by Network Type , 2024 – 2033 (USD Billion)
    • 9.12 Europe Networking Equipments Market, by End-User , 2024 – 2033
      • 9.12.1 Europe Networking Equipments Market, by End-User , 2024 – 2033 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Networking Equipments Market, 2024 – 2033 (USD Billion)
        • 9.13.1.1 Asia Pacific Networking Equipments Market, by Country, 2024 – 2033 (USD Billion)
    • 9.14 Asia Pacific Networking Equipments Market, by Component , 2024 – 2033
      • 9.14.1 Asia Pacific Networking Equipments Market, by Component , 2024 – 2033 (USD Billion)
    • 9.15 Asia Pacific Networking Equipments Market, by Connectivity , 2024 – 2033
      • 9.15.1 Asia Pacific Networking Equipments Market, by Connectivity , 2024 – 2033 (USD Billion)
    • 9.16 Asia Pacific Networking Equipments Market, by Network Type , 2024 – 2033
      • 9.16.1 Asia Pacific Networking Equipments Market, by Network Type , 2024 – 2033 (USD Billion)
    • 9.17 Asia Pacific Networking Equipments Market, by End-User , 2024 – 2033
      • 9.17.1 Asia Pacific Networking Equipments Market, by End-User , 2024 – 2033 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Networking Equipments Market, 2024 – 2033 (USD Billion)
        • 9.18.1.1 Latin America Networking Equipments Market, by Country, 2024 – 2033 (USD Billion)
    • 9.19 Latin America Networking Equipments Market, by Component , 2024 – 2033
      • 9.19.1 Latin America Networking Equipments Market, by Component , 2024 – 2033 (USD Billion)
    • 9.20 Latin America Networking Equipments Market, by Connectivity , 2024 – 2033
      • 9.20.1 Latin America Networking Equipments Market, by Connectivity , 2024 – 2033 (USD Billion)
    • 9.21 Latin America Networking Equipments Market, by Network Type , 2024 – 2033
      • 9.21.1 Latin America Networking Equipments Market, by Network Type , 2024 – 2033 (USD Billion)
    • 9.22 Latin America Networking Equipments Market, by End-User , 2024 – 2033
      • 9.22.1 Latin America Networking Equipments Market, by End-User , 2024 – 2033 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Networking Equipments Market, 2024 – 2033 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Networking Equipments Market, by Country, 2024 – 2033 (USD Billion)
    • 9.24 The Middle-East and Africa Networking Equipments Market, by Component , 2024 – 2033
      • 9.24.1 The Middle-East and Africa Networking Equipments Market, by Component , 2024 – 2033 (USD Billion)
    • 9.25 The Middle-East and Africa Networking Equipments Market, by Connectivity , 2024 – 2033
      • 9.25.1 The Middle-East and Africa Networking Equipments Market, by Connectivity , 2024 – 2033 (USD Billion)
    • 9.26 The Middle-East and Africa Networking Equipments Market, by Network Type , 2024 – 2033
      • 9.26.1 The Middle-East and Africa Networking Equipments Market, by Network Type , 2024 – 2033 (USD Billion)
    • 9.27 The Middle-East and Africa Networking Equipments Market, by End-User , 2024 – 2033
      • 9.27.1 The Middle-East and Africa Networking Equipments Market, by End-User , 2024 – 2033 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Telefonaktiebolaget LM Ericsson
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Nokia Corporation
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Samsung Electronics Co. Ltd.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 ZTE Corporation
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Juniper Networks Inc.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Huawei Technologies Co. Ltd.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Cisco Systems Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Hewlett Packard Enterprise Development LP
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Broadcom
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 ALE International (Alcatel-Lucent)
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Others.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
List Of Figures

Figures No 1 to 58

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • 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

FAQs

“North America” region will lead the Global Networking Equipment Market during the forecast period 2023 to 2032.

The key factors driving the Market are Increasing Demand for Internet of Things (IoT), Growth of Cloud Computing, Expansion of 5G Networks, Digital Transformation Initiatives, Increasing Data Traffic and Bandwidth Requirements, Network Security Needs and Emerging Technologies.

The key players operating in the Networking Equipment Market are 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.

The Global Networking Equipment Market is expanding growth with a CAGR of approximately 4.5% during the forecast period (2023 to 2032).

The Global Networking Equipment Market size was valued at USD 19.52 Billion in 2022 and it is projected to reach around USD 27.22 Billion by 2032.

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