Networking Devices Market Worth $36.4 Billion by 2027
CHICAGO , June 14, 2022 /PRNewswire/ — According to the report “Network Devices Market by Connectivity (WiFi, Cellular, LoRa, ZigBee, Bluetooth), Device Type (Router, Gateway, Access Point), Application (Residential, Commercial, Enterprise, Industrial, Transportation) and Geography – Forecast world until 2027″, released by MarketsandMarkets™, the global market size is expected to grow from $26.4 billion in 2022 at $36.4 billion by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period. Due to COVID-19, the network device market faced headwinds for 2020-2021. Wi-Fi network deployment helps enterprises quickly build and connect business applications. The Wi-Fi network also offers greater flexibility, scalability, reliability and economic advantages in connecting critical business applications. Major industry sectors want to automate and digitize their business processes to streamline business operations and generate new business revenue opportunities. While the number of Internet users is expected to continue to increase significantly in the coming years, the demand for network devices, including routers, gateways, and access points, is also expected to increase simultaneously.
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Routers will account for the largest share of the network device market in 2022
The router segment is expected to dominate the network device market, by type, over the forecast period. Growing need for high-speed internet connectivity and increasing adoption of smart devices such as smartphones, tablets and smart TVs are driving the demand for wireless routers with efficient connectivity in the residential sector. Rising demand for internet-based devices, expanding cloud networks, and increasing adoption of virtualized technologies are expected to propel the growth of the router market for industrial, enterprise, and commercial applications over the forecast period. Industrial routers are the communications backbone for manufacturing and utility applications that run in indoor and outdoor environments. Cellular industrial routers must also be certified for connection compatibility by cellular service providers such as AT&T, Verizion, and Vodafone. Some industrial routers also have SCADA compatibility for use with industrial equipment and machinery that uses standardized SCADA communication. Industrial routers also feature unlicensed wireless bands not found in residential or commercial routers.
Indoor network devices segment will dominate the network devices market during the forecast period
The indoor segment held the largest share of the network device market. The signal range of a given access point indoors varies greatly from device to device. Factors that determine the range of an access point include the specific wireless protocol it operates on, the power of its device’s transmitter, and the nature of physical obstructions and radio interference in the surrounding area. Physical obstacles, such as brick walls and metal frames or siding, can reduce the range of a Wi-Fi network by 25% or more. A wireless signal weakens every time it encounters an obstacle; this frequently happens indoors, due to walls, floors, and even electronic interference from appliances.
WiFi-Based Network Devices Will Record Highest Network Device Market Share in 2022
Wi-Fi allows devices to connect directly to each other or to large networks to deliver information. It is a key technology behind the IoT concept, and operates primarily in the frequency band around 2.4 GHz and 5.0 GHz. WiFi is expected to be the leading segment, in terms of connectivity, in the network device market during the forecast period. From WiFi 5 to the new WiFi 6 and 6E routers, gateways and access points, WiFi connectivity offers the ideal performance, range and overall value. A WiFi router connects directly to a modem via a cable. This allows it to receive information and transmit information to the Internet. The router then creates and communicates with the home Wi-Fi network using built-in antennas, allowing all devices on the home network to access the Internet. The wireless nature of Wi-Fi networks allows users to access network resources from almost any convenient location within their primary network environment across commercial, industrial, and enterprise applications.
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Enterprise network devices will have the highest share in 2022
A corporate network is typically deployed in large organizations and offices. it includes the IT infrastructure that medium and large enterprises use to provide connectivity between users, devices, and applications. A corporate network consists of physical and virtual networks and protocols that serve the dual purpose of connecting all users and systems on a local area network (LAN) to data center and cloud applications, as well as facilitating communication. access to network data and analyses. The enterprise networking market is expected to be the leading segment of the network devices market over the forecast period. Rising demand for internet-based devices, expansion of cloud networking, and growing adoption of virtualized technologies are expected to propel the growth of network devices market for enterprise applications during the period of forecast. Favorable government initiatives to promote digitalization and industrialization of developing economies will positively influence the business market.
market in North America estimated to have the largest share during the forecast period
North America is estimated to lead the network device market. The market in North America is primarily driven by the growing adoption of integrated enterprise and business solutions for more flexible and agile business processes and operations. The demand for wireless hotspots and Wi-Fi solutions and services is expected to increase owing to the increased investment in wireless technologies by large enterprises in this region. Major players in the Network Devices Market in the United States and Canada strive to offer the widest range of networking products and solutions, providing an excellent opportunity for regional businesses to increase their business footprint. The presence of leading network solution and service providers, including Cisco Systems, Aruba, Juniper Networks and Extreme Networks, in this region is a major factor responsible for the growth of the North American market. To strengthen their market presence, these networking solution and service providers are launching new products and services in the market. This is expected to support the growth of the network peripherals market by North America.
Key vendors in the Network Devices market include Cisco Systems (US), Cradlepoint (US), Juniper Networks (US), Huawei (China)HP Enterprise (US), Digi International (US), Sierra Wireless (Canada), Nokia (Finland)Inseego (United States), Teltokina Networks (Lithuania), Extreme Networks (USA), D-Link (Taiwan), TP-LINK (China), Moxa (Taiwan), Adtran (United States), Schneider Electric (France), General Electric (USA), Siemens (Germany), Multitech (USA), Casa Systems (USA), Advantech (Taiwan), Robustel (China), Lantronix (United States), HMS Networks (Sweden), ASUSTek computer (Taiwan) and Belkin International (USA).
time sensitive Networking market by component (switches, hubs, routers and gateways, connectors, communication interfaces, controllers and processors, memory), applications and geography (2021-2026)
Industrial Networking Solutions Market by Technology (SDWAN, WLAN and IIoT), Service (Network Planning and Optimization and Integration), Application (Predictive Maintenance and Emergency and Incident Management), Vertical and Region – Global Forecast to 2022
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