Global Network Devices Market Size study, By Device Type (Routers, Gateways, Access Points), By Connectivity (WiFi, Cellular, Others), By Application (Residential Networking, Commercial Networking, Industrial Networking, Others), and Regional Forecasts 20

Global Network Devices Market Size study, By Device Type (Routers, Gateways, Access Points), By Connectivity (WiFi, Cellular, Others), By Application (Residential Networking, Commercial Networking, Industrial Networking, Others), and Regional Forecasts 2022-2028Global Network Devices Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Network devices are also known as networking hardware. These physical devices are primarily used to facilitate the interaction and communication between hardware on a computer network. There are various types of network devices such as routers, gateways, and access points, which are gaining huge traction in applications like residential networking, commercial networking, industrial networking, and others. Factors such as the increasing demand for wireless networking with the advent of Industry 4.0 and IIoT, coupled with the rising focus on digital transformation across various sectors are driving the market growth worldwide. In addition, the surging number of internet users, and continuous development of WiFi standards are other key factors soaring the global market demand. For instance, as per Statista analysis, in 2020, around 749.07 million people were recorded as internet users and the figure is projected to grow and likely to reach 1,134.04 million people by 2025. Accordingly, the increasing number of internet users is propelling the demand for Network Devices, which is accelerating the market growth across the globe. However, the risk of contention loss and co-channel interference in WiFi access points and rising concerns for data security and privacy in open networks impede the growth of the market over the forecast period of 2022-2028. Also, the rising adoption of connected devices in the hospitality and education sectors and the increasing emergence of connectivity for smart homes are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Network Devices Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing adoption of integrated enterprise and business solutions, and the presence of well-established market players such as Cisco Systems, HP Enterprise, Cradlepoint, and many others. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing demand for wireless hotspots and Wi-Fi solutions & services, as well as growth of regions such as South Korea, India, Japan, and China, would create lucrative growth prospects for the Network Devices Market across the Asia-Pacific region.

Major market players included in this report are:

Cisco Systems
Juniper Networks
Huawei
HP Enterprise
Digi International
Sierra Wireless
Nokia
Inseego
Schneider Electric
General Electric

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Routers
Gateways
Access Points
By Connectivity:
WiFi
Cellular
Others
By Application:
Residential Networking
Commercial Networking
Industrial Networking
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Network Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


Companies Mentioned

Cisco Systems
Juniper Networks
Huawei
HP Enterprise
Digi International
Sierra Wireless
Nokia
Inseego
Schneider Electric
General Electric

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