Network Devices Market by Type (Indoor and Outdoor), Connectivity (WiFi, Cellular, Long-Range Radio, and Others), Application (Enterprise Networking, Residential Networking, Industrial Networking, Commercial Networking, and Transportation Networking), Device Type [Routers, Getaways, Hub (Active Hub, Passive Hub, and Intelligent Hub), Repeater, Bridge (Transparent Bridge and Source Routing Bridge), Switch, Brouter, and Others]: Global Market Size Estimates and Forecast (2022-2030)

BMIRE00026035 | Pages: 100 | Electronics and Semiconductor | Sep 2022 | Type: Global | Status: Published

The market crossed US$ 25.17 billion mark in 2022 and is expected to hit US$ 42.32 billion by 2030, recording a CAGR of 6.7% during the forecast period. 

Growing numbers of internet users has aided the network devices market

The internet users are growing continuously owing to rising demand for smartphone penetration and improved connectivity. The need for network devices is anticipated to rise as consumers demand more connected devices, which need advanced internet connections for flawless performance. While this opens up prospects for broadband and telecom businesses, they still have difficulty keeping up with customer demands for network uptime, capacity, and latency in a ferocious market. With improved network equipment, which might offer the necessary connectivity bandwidth, security, and network dependability, key players are investing considerably to take advantage of these new opportunities. The development of cellular-based network devices is expected to be fuelled by telecom companies that will in turn aid the investments in wireless network infrastructure.

Within the report, the market is segmented into type, connectivity, application, device type, and geography. By type, the market is further segmented into indoor and outdoor. On the basis of connectivity, the market is segmented into Wi-Fi, cellular, long-range radio, and others. By application, the market is categorized into enterprise networking, residential networking, industrial networking, commercial networking, and transportation networking. Based on device type, the market is divided routers, getaways, hub (active hub, passive hub, and intelligent hub), repeater, bridge (transparent bridge and source routing bridge), switch, brouter, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa.

WiFi-based network devices held the largest share in 2022

Network devices, also known as network equipment, are many types of electronic devices that are used in networking. These kinds of devices are initially deployed in computer networks to send and receive data swiftly and securely between computers, printers, fax machines, and other devices. Such devices are intranet or internetwork devices. Various devices are mounted on the device, like RJ45 connectors or NIC cards, while others are part of the network, like switches and routers. These specialized devices manage digital or electrical connections to execute their unique functions effectively. WiFi enables devices to connect directly to each other or to broad networks to deliver information. It is a key technology driving the IoT concept and mainly operates in the frequency band of around 2.4 GHz and 5.0 GHz. WiFi is anticipated to be the leading segment, by connectivity, in the network devices market during the forecast period. WiFi connectivity offers the ideal performance, range, and overall value from WiFi 5 to new WiFi 6 and 6E routers, gateways, and access points. A WiFi router connects directly to a modem via cable. This allows WiFi to receive information from and transmit information to the Internet. The router then creates and communicates with the home WiFi network utilizing built-in antennas, therefore allowing all the devices on the home network Internet access. The wireless nature of WiFi networks allows users to access network resources from nearly any convenient location within their primary networking environment across commercial, industrial, and enterprise applications

Enterprise networking in application segment to register the largest share of the network devices market.

The growing necessity for businesses to go digital to remain competitive is expected to increase the need for agile networks and the value and importance of virtual and software-defined networking. This trend is expected to drive the growth of enterprise networking. Companies are focusing their efforts on updating their networks to boost wireless capacity. Additionally, they are investing in modernizing their system, which is expected to drive enterprise network growth during the forecast period. Due to ongoing technological breakthroughs in wireless LAN technology and high-speed Ethernet switches, enterprise networking is likely to grow. This technology is critical for creating smaller, more efficient chipsets and modules with additional capabilities. Over the projected period, rising demand for high-speed ethernet switches is expected to open up new growth opportunities for the enterprise networking market players. The enterprise networking segment is expected to pace up with the increasing demand for internet-based devices, expansion of cloud networking, and rising adoption of virtualized technologies. Such factors are expected to aid the growth of the network devices market for enterprise applications during the forecast period.

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Recent strategic developments in Network Devices market

The network devices market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2022, Sierra Wireles announced its AirLink RV50X router certified by FCC for use on the Anterix 900 MHz spectrum.
  • In November 2021, Juniper Networks announced two new 6 GHz access points that leverage Mist AI to maximize Wi-Fi performance and capacity while simplifying IT operations.
  • In June 2021, Cisco announced a new portfolio of Catalyst industrial routers for enterprise networks which include the Catalyst 5G Industrial Routers and Cisco IoT Gateway Series.

The network devices market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 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 are among the prominent players operating in the market.

Target audience for the report:

  • Component Providers/Manufacturers
  • Component Distributors
  • Technology Providers
  • Consumer Goods Manufacturers
  • Healthcare Institutions
  • Automotive Manufacturers
  • Electronics Manufacturers and Distributors

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Indoor
    • Outdoor
  • Connectivity
    • WiFi
    • Cellular
    • Long Range Radio
    • Others
  • Application:
    • Enterprise Networking 
    • Residential Networking 
    • Industrial Networking 
    • Commercial Networking 
    • Transportation Networking
  • Device Type:
    • Routers
    • Getaways
    • Hub
      • Active Hub
      • Passive Hub
      • Intelligent Hub
    • Repeater
    • Bridge
      • Transparent Bridge
      • Source Routing Bridges
    • Switch
    • Brouter
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • 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
    • Other Market Participants

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
- Other Market Participants

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