Global Network Equipment Market is valued approximately USD 142.70 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.50% over the forecast period 2022-2029. Information packets are combined, divided, switched, amplified, or directed along a computer or telecommunications network using network equipment. The group of parts utilised to build the network infrastructure makes up the network equipment. The market comprises of hardware, software, and associated services for network equipment. One of the main reasons influencing demand for network equipment is the growing deployment of Internet of Things (IoT) enabled devices across commercial, consumer, and industrial infrastructure. The usage of connected devices within enterprises to extract pertinent information from business data is predicted to increase further with the introduction of 5G technology. Moreover, rising technological advancement in the market is creating lucrative growth for the market over the forecast period.
The growing deployment of 5G technology is driving the growth for the market over the forecast period. In January 2021, U.S. ignite began a technology pilot programme at the San Diego-based Marine Corps Air Station (MCAS) Miramar's 5G Living Lab. Along with this, In August 2022, the Indian army has also developed the 5G network which is majorly used to improve the communication and get the high-speed data for the better network for the operational requirements. However, the high cost of Network Equipment stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Network Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of revenue share, Asia Pacific is dominating as well as fastest growing region in 2021. Due to the region's propensity for embracing new technologies, there is a significant penetration of next-generation network infrastructure and equipment. For instance, Huawei Technologies Co., Ltd. announced that it would look into uplink spectrum reconstruction, green air interfaces, ultra-high bandwidth, ELAA-MM, and native intelligence to help operators build "1+1+N" 5.5G networks and upgrade network capabilities in April 2022 at the Huawei Global Analyst Summit (HAS) 2022. The dominance of the Asia Pacific area is anticipated to be maintained by such advancements across the region.
Major market players included in this report 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)
Recent Developments in the Market:
- A partnership between Ericsson and Turkcell for the digitization of sectors utilising Ericsson's Private Network technology was announced in April 2022. Turkcell received help from Ericsson in locating and evaluating potential use cases for sector engagement opportunities through a dedicated, on-premise Ericsson Private Networks solution.
- In November 2022, businesses, consumers, and internet service providers (ISPs), TP-Link has announced the first Wi-Fi 7 products in the globe, further establishing its dominance in the WLAN market. These gadgets have the potential to alter how we interact with technology and utilise the internet, and TP-Link plans to take advantage of its first-mover advantage in this market.
Global Network Equipment Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Connectivity, Network Type, End-user, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Component:
- Hardware
- Software
- Services
By Connectivity:
By Network Type:
- Public Network
- Private Network
By End-user:
- Telecom Operators
- Enterprises
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
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Network Equipment Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Network Equipment Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Network Equipment Market, by Connectivity, 2019-2029 (USD Billion)
- 1.2.4. Network Equipment Market, by Network Type, 2019-2029 (USD Billion)
- 1.2.5. Network Equipment Market, by End-user, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Network Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Network Equipment Market Dynamics
- 3.1. Network Equipment Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing deployment of Internet of Things (IoT)
- 3.1.1.2. Growing deployment of 5G
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Network Equipment
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing technological advancement
Chapter 4. Global Network Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Network Equipment Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Network Equipment Market by Component, Performance - Potential Analysis
- 6.3. Global Network Equipment Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 6.4. Network Equipment Market, Sub Segment Analysis
- 6.4.1. Hardware
- 6.4.2. Software
- 6.4.3. Services
Chapter 7. Global Network Equipment Market, by Connectivity
- 7.1. Market Snapshot
- 7.2. Global Network Equipment Market by Connectivity, Performance - Potential Analysis
- 7.3. Global Network Equipment Market Estimates & Forecasts by Connectivity 2019-2029 (USD Billion)
- 7.4. Network Equipment Market, Sub Segment Analysis
- 7.4.1. 2G/3G
- 7.4.2. 4G LTE
- 7.4.3. 5G
Chapter 8. Global Network Equipment Market, by Network Type
- 8.1. Market Snapshot
- 8.2. Global Network Equipment Market by Network Type, Performance - Potential Analysis
- 8.3. Global Network Equipment Market Estimates & Forecasts by Network Type 2019-2029 (USD Billion)
- 8.4. Network Equipment Market, Sub Segment Analysis
- 8.4.1. Public Network
- 8.4.2. Private Network
Chapter 9. Global Network Equipment Market, by End-user
- 9.1. Market Snapshot
- 9.2. Global Network Equipment Market by End-user, Performance - Potential Analysis
- 9.3. Global Network Equipment Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
- 9.4. Network Equipment Market, Sub Segment Analysis
- 9.4.1. Telecom Operators
- 9.4.2. Enterprises
Chapter 10. Global Network Equipment Market, Regional Analysis
- 10.1. Network Equipment Market, Regional Market Snapshot
- 10.2. North America Network Equipment Market
- 10.2.1. U.S. Network Equipment Market
- 10.2.1.1. Component breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Connectivity breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Network Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End-user breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Network Equipment Market
- 10.3. Europe Network Equipment Market Snapshot
- 10.3.1. U.K. Network Equipment Market
- 10.3.2. Germany Network Equipment Market
- 10.3.3. France Network Equipment Market
- 10.3.4. Spain Network Equipment Market
- 10.3.5. Italy Network Equipment Market
- 10.3.6. Rest of Europe Network Equipment Market
- 10.4. Asia-Pacific Network Equipment Market Snapshot
- 10.4.1. China Network Equipment Market
- 10.4.2. India Network Equipment Market
- 10.4.3. Japan Network Equipment Market
- 10.4.4. Australia Network Equipment Market
- 10.4.5. South Korea Network Equipment Market
- 10.4.6. Rest of Asia Pacific Network Equipment Market
- 10.5. Latin America Network Equipment Market Snapshot
- 10.5.1. Brazil Network Equipment Market
- 10.5.2. Mexico Network Equipment Market
- 10.6. Rest of The World Network Equipment Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1.1. Telefonaktiebolaget LM Ericsson
- 11.2.1.2. Key Information
- 11.2.1.3. Overview
- 11.2.1.4. Financial (Subject to Data Availability)
- 11.2.1.5. Product Summary
- 11.2.1.6. Recent Developments
- 11.2.2. Nokia Corporation
- 11.2.3. Samsung Electronics Co., Ltd.
- 11.2.4. ZTE Corporation
- 11.2.5. Juniper Networks, Inc.
- 11.2.6. Huawei Technologies Co., Ltd.
- 11.2.7. Cisco Systems, Inc.
- 11.2.8. Hewlett Packard Enterprise Development LP
- 11.2.9. Broadcom
- 11.2.10. ALE International (Alcatel-Lucent)
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption