Network Equipment Market By Type (Switches, Routers, Gateway, Fiber Optic Equipment, Others), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), By Application (IT and Telecom, BFSI, Retail and E-commerce, Government and Defense, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Network equipment is a set of physical or network devices that are essential for interaction and communication between hardware units operational on a computer network. These are dedicated hardware components that connect to each other and enable a network to function effectively and efficiently. Furthermore, network equipment boosts, combines, or transfers packets of information using specific protocols in a network. The arrangement of these devices depicts the network topology. Popular network topologies include mesh, bus, ring, star, and tree. Devices in wireless networks rely on radio frequency signals for data transmission. In contrast, wired networks use connector cables to enable communication between network nodes. Both wired and wireless networks use various communication protocols, such as TCP and HTTP, for smooth network functioning. All devices must abide by the rules or data formats highlighted in these network protocols before sending or receiving information. These protocols depict the operational characteristics of equipment functional in a network.
Factors such as rise in digitalization and increase in adoption of advanced technologies such as IoT across the globe positively impact the growth of the market. In addition, the increase in adoption of network equipment across businesses to enhance operation & productivity is anticipated to propel the growth of the market in future. Furthermore, an increase in investments by top players and a rise in government initiatives are expected to provide lucrative growth opportunities for market expansion during the forecast period. In addition, the increase in deployment of virtualized software among enterprises including data center and service provider drive the growth of the market. Furthermore, the increase in adoption of emerging technologies such as 5G & edge computing and a rise in demand for SD-WAN technology are anticipated to provide lucrative growth opportunities for the market in the upcoming years. However, networking security concern & costs budget and lack of standards hamper market growth.
The network equipment market is segmented into type, enterprise size, application, and region. By type, it is categorized into switches, routers, gateway, fiber optic equipment, and others. By enterprise size, the market is segregated into small & medium-sized enterprises and large enterprises. By application, the market is classified into IT & telecom, BFSI, retail and e-commerce, government & defense, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the network equipment market are Cisco Systems, Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., AT&T, Inc., Verizon Communication, Hewlett Packard Enterprise Development LP., Telefonaktiebolaget LM Ericsson, Arista Networks Inc., ZTE Corporation, and Nokia Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the network equipment market globally.
Key Benefits for StakeholdersThe study provides an in-depth analysis of the network equipment market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the network equipment market size is provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the network equipment industry.
The quantitative analysis of the global network equipment market for the period 2022–2032 is provided to determine the network equipment market potential.
Key Market SegmentsBy TypeSwitches
Routers
Gateway
Fiber Optic Equipment
Others
By Enterprise SizeLarge Enterprises
Small and Medium-sized Enterprises
By ApplicationIT and Telecom
BFSI
Retail and E-commerce
Government and Defense
Manufacturing
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersHewlett Packard Enterprise Development LP
Cisco Systems, Inc.
AT&T, Inc.
Nokia Corporation
ZTE Corporation
Verizon Communications Inc.
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Telefonaktiebolaget LM Ericsson
Arista Networks, Inc.
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