Network Infrastructure - Armenia

Armenia

Revenue in the Network Infrastructure market is projected to reach US$20.78m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$15.22m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.53%, resulting in a market volume of US$24.72m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$15.00 in 2024.
In global comparison, most revenue will be generated in China (US$63,560m in 2024).

Key regions: India, China, Brazil, Indonesia, Japan

Definition:

The Network Infrastructure market focuses on hardware resources essential for service provider and enterprise networks. This market specifically focuses on solutions designed for the complex networking requirements of businesses and organizations, setting aside options like consumer-grade networking hardware products such as basic WIFI routers and network switches. These network infrastructure components are crucial in environments where reliable and secure connectivity, as well as efficient network operations, are paramount, establishing them as a fundamental part of the IT infrastructure in various industries.

Structure:

The Network Infrastructure market is structured in two markets based on the services model provided by the companies.

Service Provider Network Infrastructure covers the hardware resources of telecommunication service companies that enable wired and wireless network connectivity and communication to transfer voice and data.
Enterprise Network Infrastructure covers the hardware resources that enable wired and wireless network connectivity, communication, operations, and management of enterprises.

Additional Information:

The Network Infrastructure market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Network Infrastructure market include companies such as Huawei, HPE, Cisco, and Ericsson.

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Market

Region

Region comparison

Currency

Analyst Opinion

Armenia, a country known for its rich history and stunning landscapes, is also experiencing significant developments in its Network Infrastructure market.

Customer preferences: Armenian customers are increasingly demanding faster and more reliable network infrastructure to support their growing digital needs. With the rise of e-commerce, online streaming, and remote work, there is a higher demand for stable internet connections and efficient network systems.

Trends in the market: One noticeable trend in the Armenian Network Infrastructure market is the shift towards 5G technology. As consumers seek faster data speeds and lower latency, telecom companies in Armenia are investing in upgrading their networks to accommodate 5G capabilities. This trend aligns with global advancements in telecommunications and reflects Armenia's efforts to stay competitive in the digital age.

Local special circumstances: Armenia's geographical location and landlocked position present unique challenges for the development of its network infrastructure. The country relies heavily on international connections for internet access, which can sometimes result in higher costs and potential vulnerabilities. Despite these challenges, Armenia is actively working towards improving its network infrastructure to meet the growing demands of its population.

Underlying macroeconomic factors: The growth of Armenia's Network Infrastructure market can also be attributed to favorable macroeconomic conditions. The government's initiatives to support technological advancements and digitalization have created a conducive environment for investment in the sector. Additionally, partnerships with international organizations and foreign investors have played a significant role in driving the development of Armenia's network infrastructure.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.