The Network Devices Market revenues were estimated at US$ 24.7 Bn in 2021 and are anticipated to grow at a CAGR of 5.6% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 45.5 Bn. Indoor network devices dominate the Network Devices Market with a projected CAGR of 5.6% during 2022 –2023.
The key drivers that affect the network devices demand include the increasing use of the internet by people of the age-group 15 to 45 years. Growing penetration of internet in commercial spaces and industries has paved way for growth of wireless connectivity, improved IT infrastructure, and high-speed internet.
Enterprises are using cloud technologies to store large amount of data online. Cloud computing is used to eliminate business challenges so there is an increase in investments in cloud computing and its associated networking hardware.
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Competitive Landscape
Key market players in the network devices market are
- Cisco Systems,
- Cradle Points,
- Juniper Networks,
- Huawei,
- HP Enterprises,
- Digi International,
- Sierra Wireless,
- Nokia,
- Inseego,
- General Electric,
- Belkin International,
Lantronix, Casa Systems, Siemens, Extreme Networks, D-Link, Schneider Electric, Adtran, Moxa.
Some of the recent developments in the Network Devices market are:
· In October 2022, CradlePoint which is a 5G and LTE wireless network edge solutions provider announced the collaboration with T-Mobile and Curiosity Lab in order to facilitate IoT connectivity solutions such as autonomous vehicles, robotics, augmentative reality and virtual reality with the help of 5G wireless WAN technology. CradlePoint created wideband adaptors and routers will help T-Mobile’s 5G networks to facilitate real time parking and safety-monitoring in a smart city called-Peachtree-corner at Georgia.
· In September 2022, Blackfoot Communications announced that they will be joining CradlePoint’s Partner Program. This partnership will help Blackfoot Communication to deliver CradlePoint’s Wireless (Wide Area Network) solutions to its client base. Cradlepoint’s Net cloud platform and Routers deliver a secure wireless WAN to connect people, places and things anywhere.
· In September 2022, Juniper Networks, a Secure Artificial Intelligence- driven networks provider announced that they have been selected by Tata Play Fiber, a key player of internet service provider in India. Tata Play Fibre is aiming to transfer data at a capacity of 400G over its scalable and secure networks. 400 Gb/s is the speed at which data is being transferred over cloud networks. Tata Play Fiber has selected Juniper’s ACX710 cloud metro routers. Juniper’s broadband network gateway will help Tata Play Fiber to automate service delivery and quick home installation.
· In June 2022, CISCO launched 5G Software Defined (SD)-Wide Area Network (WAN) that has multi-gigabit routing facilities. In 2023, 5G will double the enterprise wireless SD-WAN deployments from 5%-10%. These SD-WANs can work at 6 GHz-millimetre waves
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Global Network Devices Market Segmentation
By Device Type:
- Routers
- Gateways
- Access points
By Type:
- Indoor
- Outdoor
By Connectivity:
- Wi-Fi
- Cellular
- LoRa
- Others
By Application:
- Residential Networking
- Commercial Networking
- Enterprise Networking
- Industrial Networking
- Transportation Networking
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Table of Content
1. Executive Summary | Network Devices Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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