Network Infrastructure - Bangladesh

Bangladesh

Revenue in the Network Infrastructure market is projected to reach US$324.20m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$245.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.87%, resulting in a market volume of US$373.50m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$4.14 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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Analyst Opinion

The Data Center Market in Bangladesh is experiencing mild growth, influenced by factors such as increasing investments in network infrastructure by both service providers and enterprises, as well as growing awareness of the benefits of digital technologies in the healthcare sector. The convenience of online health services is also a significant driver of market growth.

Customer preferences: As the demand for faster and more reliable data access continues to grow in Bangladesh, the Network Infrastructure Market within the Data Center Market is seeing a shift towards the use of cloud-based services. This is driven by the increasing adoption of digitization in various industries and the need for secure and scalable solutions. Additionally, the rise in remote work and virtual events due to the COVID-19 pandemic has further accelerated the demand for network infrastructure that can support high-speed data transfer.

Trends in the market: In Bangladesh, the Network Infrastructure Market within the Data Center Market is experiencing a rise in demand for cloud services. With the increased adoption of digital transformation and internet usage, businesses are turning to cloud-based solutions for storage, backup, and disaster recovery. This trend is expected to continue, driven by the need for cost-efficient and scalable IT infrastructure. Furthermore, the growing use of artificial intelligence and IoT devices is also fueling the demand for robust network infrastructure. These trends signal a shift towards a more digital and connected ecosystem, presenting opportunities for industry stakeholders to invest in advanced networking solutions and capitalize on the emerging market.

Local special circumstances: In Bangladesh, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's limited land area and high population density. This has led to a focus on compact and energy-efficient data centers, as well as a growing demand for cloud-based services. Additionally, the government has implemented regulations to promote the growth of the digital economy, resulting in increased investments in networking infrastructure and data centers.

Underlying macroeconomic factors: The rapid development of the information and communication technology (ICT) sector in Bangladesh, driven by government initiatives and foreign investments, has significantly impacted the growth of the Network Infrastructure Market within the Data Center Market. The country's strong economic performance, with a GDP growth rate of 8.2% in 2019, has also contributed to the growth of the market. In addition, the government's focus on digitization and e-governance has led to a growing demand for data centers and network infrastructure to support these initiatives. Furthermore, Bangladesh's strategic location between South and Southeast Asia makes it an ideal location for multinational companies to set up their data centers, further driving the market growth.

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.