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 Network Infrastructure Market within the Data Center Market in Bangladesh is experiencing mild growth, influenced by factors such as increasing demand for digital services, growing awareness about the benefits of digitalization in healthcare, and the convenience of online health solutions. These trends are seen across the Service Provider and Enterprise sub-markets, driving the overall growth of the market. However, challenges such as limited IT infrastructure and slow adoption of advanced technologies may impact the growth rate in the near future.

Customer preferences: As businesses in Bangladesh continue to adopt cloud computing and virtualization, the demand for robust network infrastructure within data centers has increased. In response, companies are investing in high-speed connectivity and advanced networking technologies to support the growing data traffic. Additionally, with the rise of e-commerce and online services, there is a growing need for reliable and secure networks to ensure seamless access to these platforms. This trend is likely to continue as more consumers rely on digital solutions for their daily needs and activities, highlighting the importance of robust network infrastructure within the data center market.

Trends in the market: In Bangladesh, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud-based solutions, driven by the increasing adoption of digital transformation and remote work. This trend is expected to continue as businesses prioritize scalability, flexibility, and cost-efficiency. Additionally, there is a growing focus on green data centers, with initiatives and regulations promoting energy-efficient and sustainable infrastructure. These trends have significant implications for industry stakeholders, as they must adapt to evolving customer needs and market demands while also addressing environmental concerns.

Local special circumstances: In Bangladesh, the Network Infrastructure Market within the Data Center Market is influenced by the country's unique geographical and cultural factors. Due to its low-lying delta region, Bangladesh is prone to natural disasters such as floods and cyclones, which have a significant impact on the development and maintenance of data centers. Additionally, the country has a large population with a growing demand for internet connectivity, leading to a rise in the demand for data center services. Furthermore, regulations regarding data privacy and security in Bangladesh differ from other markets, creating a unique environment for data center operations.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Bangladesh is heavily influenced by macroeconomic factors such as the country's economic growth, government policies, and investments in digital infrastructure. As one of the fastest-growing economies, Bangladesh has seen a steady increase in demand for data center services, driven by the rapid growth of the IT industry and increasing adoption of cloud computing. Moreover, the government's initiatives to promote digitalization and improve internet connectivity have created a favorable environment for the development of the data center market. Additionally, the rising digitalization of businesses and the growing demand for data storage and management are expected to continue driving the growth of the Network Infrastructure Market in Bangladesh.

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.