Global Network Devices Market Size, Share & Industry Trends Analysis Report By Type, By Connectivity (WiFi, Cellular, WiFi + Others, Long Range Radio (LoRa)), By Application, By Device Type, By Regional Outlook and Forecast, 2022 – 2028

Global Network Devices Market Size, Share & Industry Trends Analysis Report By Type, By Connectivity (WiFi, Cellular, WiFi + Others, Long Range Radio (LoRa)), By Application, By Device Type, By Regional Outlook and Forecast, 2022 – 2028

The Global Network Devices Market size is expected to reach $38.4 billion by 2028, rising at a market growth of 6.3% CAGR during the forecast period.

Network devices, often known as network equipment, are many types of electronic devices that are utilized in networking. These kinds of devices are primarily deployed in computer networks to send and receive data swiftly and securely between computers, printers, fax machines, and other devices. Such devices could be intranet or internetwork devices. Certain devices are mounted on the device, like RJ45 connectors or NIC cards, while others are part of the network, like switches and routers. These are specialized devices that manage digital or electrical connections in order to execute their unique functions effectively.

Numerous ports may be available on APs, which could be utilized to expand the network's capacity, firewall features, and Dynamic Host Configuration Protocol (DHCP) service. As a result, companies have access points that operate as a switch, router, DHCP server, and firewall. A service set identifier (SSID) name is required to access a wireless AP. The SSID is used by 802.11 wireless networks to distinguish all systems that connect to the same network, and consumer stations should be set with the SSID in order to connect to the AP. The AP may broadcast the SSID, making it visible to any wireless users.

But, APs could be set not to transmit the SSID for security reasons, which implies that an administrator must provide the SSID to consumer systems rather than letting it be detected automatically. SSIDs, channels, passwords, security settings, and usernames are all set by default on wireless devices. Since numerous internet sites display the default settings utilized by manufacturers, it is highly recommended that users change such default settings as quickly as possible for security purposes.

There are two types of access points: fat and skinny. Fat APs, which are still often known as autonomous APs, must be manually set up with network and security settings before being left to serve customers until they can no longer function. Thin APs can be configured remotely utilizing a controller. Thin clients can be readily adjusted and managed because they do not require manual configuration. Controller-based and stand-alone access points are both possible.

COVID-19 Impact

This dilemma has impacted many end-use verticals that use network devices. The disruption in supply chain across the world has negatively impacted the demand and growth of the network devices market. In addition, the rapid pace of the digitalization among companies and individuals would augment the demand for network devices in the world. The network devices market began to show indications of recovery by the end of 2020, with R&D and growth efforts returning in 2021. These ongoing innovations were predicted to aid the market's recovery in the coming years. As a result, a reasonable growth rate has been set, as the overall network devices market is likely to recover from the impact of the COVID-19 pandemic.

Market Growth Factors

The rise in the number of internet users

Due to the expanding smartphone penetration and improved connectivity, the number of internet users worldwide is continuously rising. Seek for network devices is anticipated to rise as consumers demand more connected devices, which need advanced Internet connections for flawless performance. While this is opening up prospects for broadband and telecom businesses, they still have a difficult time keeping up with customer demands for network uptime, capacity, and latency in a cutthroat market. With the aid of improved network equipment, which might offer the necessary connectivity bandwidth, security, and network dependability, players are investing substantially to take advantage of these new opportunities. The development of cellular-based network devices is anticipated to be fueled by telecom companies' growing investments in wireless network infrastructure.

The rapid pace of technological advancements in the telecom industry and home networking devices

The primary elements that are anticipated to propel the expansion of the home networking market are the development of cutting-edge connected items and the low pricing of such devices. To accept print commands from numerous networks and to increase network security system, the system offers several access points to networked devices and home networking equipment, such as printers. These elements contribute to the market for network devices operating more effectively. Along with that, many companies are investing in the advancements of their devices to gain more consumer attention. As a single system can control several devices at once, like Wi-Fi, which provides data to numerous devices at a time, it is possible that telecommunications and IT make up the largest portion of sales of home networking devices.

Market Restraining Factors

Rising concerns related to data security and privacy in open networks

One of the main issues for many firms is data privacy. Businesses are looking for stronger security and privacy choices to safeguard their networks from online dangers including corporate monitoring, data breaches, and data theft because of the dramatic increase in data volumes. Each endpoint, sensor, gateway, and smartphone has now become a possible target for hackers as a result of the increasing number of systems, which has also led to security and privacy vulnerabilities. Security is a crucial element to take into account when building Wi-Fi networks because the WLAN network gives access to many smart devices.

Type Outlook

Based on Type, the market is segmented into Indoor and Outdoor. The outdoor segment registered a substantial revenue share in the network devices market in 2021. It is due to the increasing demand for network connectivity in open spaces. Various companies are introducing advanced WiFi solutions for long bandwidth, which can tolerate any weather. In addition, these kinds of network devices offer better performance to the users.

Connectivity Outlook

Based on Connectivity, the market is segmented into WiFi, Cellular, WiFi + Others, Long Range Radio (LoRa), and Others. The WiFi segment procured the highest revenue share in the network devices market in 2021. WiFi makes it possible for devices to connect directly to one another or to large networks in order to transmit data. It is a foundational technology for the Internet of Things and mostly uses the 2.4 GHz to 5.0 GHz frequency range. According to connectivity, WiFi is anticipated to dominate the market for network devices over the upcoming years. WiFi connectivity offers the best performance, bandwidth, and total value across gateways, WiFi 5, and newer WiFi 6 & 6E routers, and access points.

Application Outlook

Based on Application, the market is segmented into Enterprise Networking, Residential Networking, Industrial Networking, Commercial Networking, and Transportation Networking. The commercial networking segment procured a significant revenue share in the network devices market in 2021. Commercial networks are enormous networks, and the scale is the main distinction between them and home networks. Similar protocols, networking topology, and services are used by commercial networks and their smaller siblings, residential networks.

Device Type Outlook

Based on Device Type, the market is segmented into Routers, Gateways, and Access Points. The routers segment acquired the maximum revenue share in the network devices market in 2021. The demand for wireless routers with a strong connection in the home market is being driven by the escalating demand for high-speed Internet connectivity and the expanding use of smart devices like tablets, smartphones, and smart TVs. During the forecast period, the market for routers for enterprise, industrial, and commercial applications is anticipated to develop due to rising usage of virtualized technologies, expanding cloud networking, and rising demand for Internet-based devices.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the network devices market with the maximum revenue share in 2021. The market in North America is primarily being pushed by the rising use of integrated enterprise & business solutions for even more adaptable and agile company operations. Due to the growing investment in wireless technology by the main corporations in this region, the need for wireless hotspots and Wi-Fi solutions & services is anticipated to expand.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Cisco Systems, Inc. and Huawei Technologies Co. Ltd. are the forerunners in the Network Devices Market. Companies such as Juniper Networks, Inc., ADTRAN, Inc. and Schneider Electric SE are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc.,Siemens AG, Schneider Electric SE, General Electric (GE) Co., TE Connectivity Ltd., Hewlett-Packard Enterprise Company, Juniper Networks, Inc., ADTRAN, Inc., Huawei Technologies Co. Ltd., Digi International, Inc., and Ericsson AB.

Recent Strategies deployed in Network Devices Market

Partnerships, Collaborations and Agreements:

Mar-2022: Schneider Electric partnered with NTT Group, a Japanese telecommunications company. This partnership aimed to develop on-premises private networks for Schneider Electric that would utilize its own edge infrastructure to process data captured from the factory floors in Lexington.

Feb-2022: Cisco joined hands with Rakuten Symphony, a wholly-owned subsidiary of Rakuten Mobile. This collaboration aimed to boost the delivery of cloud-native, virtualized 4G/5G mobile networks based on Open Radio Access Network (ORAN) technology. In addition, the companies would address the industry requirements for huge transformation to decrease costs, boost agility and fulfill future technical, regulatory, and environmental needs for sustainability.

Jun-2021: Cisco came into a partnership with Siemens, a German multinational conglomerate corporation. This partnership aimed to introduce new ranges of 5G industrial routers, which extend enterprise networks to the edge with security, flexibility, and scalability.

Mar-2021: Juniper partnership with ConnX, an Independent Software Company. This partnership aimed to assist in driving AI-based WAN adoption across India. ConnX would also assist in providing Juniper’s vision of AI-driven automation, insights, and action from client-to-cloud, and boost the adoption of a solution consisting of Juniper’s Session Smart SD-WAN across India.

Jan-2021: Juniper Networks signed an agreement with Turk Telekom, the state-owned Turkey telecommunications company. This agreement aimed to boost the shift towards open RAN, 5G, and cloud-native networks. In addition, the partnership included an exclusive global licensing agreement with Netsia, a subsidiary of Türk Telekom Group company Argela in the USA, in order to shift its advanced radio intelligent controller (RIC) technology to Juniper, consisting of related source code & patents plus exclusive rights to create and sell products and solutions, which combine with RIC.

Jun-2020: Juniper Networks entered into a partnership with Anuta Networks, the undisputed leader in network automation. The Anuta ATOM platform would be combined into Juniper’s prevailing network automation portfolio consisting of Juniper HealthBot, Junos Telemetry, and Juniper NorthStar products.

Feb-2020: Cisco teamed up with NEC Corporation, a Japanese multinational information technology, and electronics corporation. This collaboration aimed to strengthen the procedure for confirming the authenticity of network equipment utilized for security areas and important industrial infrastructure prior to shipment, while construction, and operation by integrating its fraud detection technologies along with those from Cisco Systems G.K. (Cisco), using NEC blockchain technologies for network devices.

Product Launches and Product Expansions:

Jun-2022: Huawei Consumer Business Group expanded its mesh router product portfolio with the introduction of a device. This device is perfect for huge households, which demand high-speed, secure, and reliable internet connectivity for remote working.

May-2022: Digi International launched Digi IX30, an industrial-hardened cellular router solution for harsh environments. This product would offer edge intelligence in a ruggedized, industry-leading design for the top levels of reliability and flexibility. In addition, Digi IX30 is based on Digi Remote Manager (Digi RM) and the Digi Accelerated Linux operating system (DAL OS).

May-2022: Huawei India released a new router with support for Wi-Fi 6. Along with that, the Huawei Consumer Business Group introduced the Wi-Fi AX3 dual core router, which would support Wi-Fi 6 capabilities and provide more integrated solutions with other Huawei devices.

Feb-2022: Cisco introduced new innovations designed to power hybrid work with people working from home, in the office, or anywhere. These innovations include Wi-Fi 6E (Catalyst 9136 and Meraki MR57), Catalyst 9000X Switches, Cisco Private 5G, and Cisco Silicon One to the Catalyst Switching Portfolio.

Jun-2021: Huawei unveiled a series of 5G products and solutions-oriented for "1+N" 5G target networks. Such products consist of 400 MHz Ultra-Wideband 64T64R Massive MIMO, BladeAAU Pro, Lightest 64T64R Massive MIMO, and Commercial FDD Massive MIMO.

Feb-2021: Juniper Networks released two new 6 GHz access points, which would use Mist AI to optimize Wi-Fi performance and capacity while streaming IT operations. Additionally, Juniper would launch a new IoT Assurance service, which would simplify and scale the onboarding and securing of IoT devices without Network Access Control (NAC).

Feb-2020: Huawei introduced the AirEngine Wi-Fi 6 series products consisting of 10 new Wi-Fi 6 access point (AP) models. Such all-new products are perfectly suited to assist companies to step into the fully wireless campus era. In addition, AirEngine 8760 AP would provide an air-interface data rate of up to 10.75 Gbps, twice the industry average.

Acquisitions and Mergers:

Aug-2021: ADTRAN formed a merger with ADVA, a European telecommunications vendor. This merger aimed to make a top global, scaled company of end-to-end fiber networking solutions for communications service providers, enterprise, and government customers. The merger would integrate ADTRAN’s leadership in fiber access, fiber extension, and subscriber connectivity solutions with ADVA’s leadership in metro wavelength subsidiary multiplexing, business ethernet, data center interconnect, and network synchronization solutions.

Mar-2021: Cisco acquired Acacia Communications, a Massachusetts-based company, and an existing Cisco supplier. This acquisition aimed to offer the customers solutions in the form they require to take, whether it means discrete components or fully integrated solutions for the new internet.

Jul-2020: Cisco took over Fluidmesh Networks, a leader in resilient wireless backhaul systems. This acquisition aimed to expand Cisco’s industrial wireless portfolio to sectors with on-the-move assets and mission-critical usage in situations wherein zero data loss is essential to uptime and business resiliency.

Scope of the Study

Market Segments covered in the Report:

By Type

• Indoor
• Outdoor

By Connectivity

• WiFi
• Cellular
• WiFi + Others
• Long Range Radio (LoRa)
• Others

By Application

• Enterprise Networking
• Residential Networking
• Industrial Networking
• Commercial Networking
• Transportation Networking

By Device Type

• Routers
• Gateways
• Access Points

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Cisco Systems, Inc.
• Siemens AG
• Schneider Electric SE
• General Electric (GE) Co.
• TE Connectivity Ltd.
• Hewlett-Packard Enterprise Company
• Juniper Networks, Inc.
• ADTRAN, Inc.
• Huawei Technologies Co. Ltd.
• Digi International, Inc.
• Ericsson AB

Unique Offerings from KBV Research

• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free