Network Infrastructure - Armenia | Statista Market Forecast

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 China (US$64bn in 2024).

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.

For more information on the data displayed, use the info button right next to the boxes.

Routers, Broadband Access & Switches, such as Cisco Industrial Services Router, and Cisco Catalyst Switch
Enterprise Telephony, such as Cisco IP Telephone, and Cisco Unified IP Conference Phone
Infrastructure Firewalls, such as SonicWall Firewall, and Cisco Firepower

Private Network Infrastructure, such as TP-Link Basic Router, and TP-Link Mini Switch
Network Infrastructure Software, such as Microsoft Core Infrastructure SVR STE, and McAfee Internet Security

The Network Infrastructure market in Armenia is experiencing subdued growth, influenced by factors such as limited investment in Service Provider and Enterprise Network Infrastructure. Despite increasing demand for digital technologies, the market is restricted by low health awareness among consumers and limited convenience of online health services.

Customer preferences: As the demand for data storage and processing continues to grow in Armenia, there has been a notable shift towards cloud-based solutions. This trend is driven by the need for more flexible and scalable network infrastructure, as well as the increasing adoption of remote work and online education. Additionally, with the rise of e-commerce and digital services, there is a growing demand for secure and reliable data center services, leading to investments in advanced network infrastructure technologies.

Trends in the market: In Armenia, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud services, with more businesses opting for cloud-based solutions to streamline operations and reduce costs. Additionally, there is a growing trend of using virtualization technologies to optimize server usage and enhance data center efficiency. These trends are significant as they reflect the increasing reliance on technology and digital solutions in the country. Industry stakeholders must stay abreast of these developments to remain competitive and meet the evolving needs of their clients. Moreover, the adoption of advanced networking technologies and cloud services is expected to drive further growth in the market, creating new opportunities for data center providers and network infrastructure vendors.

Local special circumstances: In Armenia, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's geographical location and political climate. With its strategic location between Europe and Asia, Armenia serves as a key transit point for internet traffic, making it an attractive destination for data center investments. Additionally, the government has implemented favorable regulations and tax incentives to attract foreign investments in the data center sector. These factors have contributed to the growth of the network infrastructure market, making it a key player in the country's digital economy.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Armenia is influenced by macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for data storage and processing capabilities, driven by the growing digitalization of businesses and the rise of cloud computing, is further fueling the growth of the Network Infrastructure Market in Armenia.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Nothing runs right in companies or corporations today without the proper IT network infrastructure and equipment. IT networking is the construction, design, and use of network equipment to allow groups of computing devices to exchange data with one another, over both wired and wireless networks. The market covers networking hardware, software, and services, including virtual networks, servers, network management, and security.