Network Infrastructure - Bosnia and Herzegovina

Bosnia and Herzegovina

Revenue in the Network Infrastructure market is projected to reach US$66.78m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$48.27m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.09%, resulting in a market volume of US$77.74m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$48.64 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 in Bosnia and Herzegovina's Data Center Market is experiencing subdued growth, affected by factors such as limited investment in service provider and enterprise network infrastructure, and slow adoption of digital technologies. Despite increasing health awareness, convenience of online services has yet to fully penetrate the market.

Customer preferences: As technology continues to advance and more businesses move towards cloud-based solutions, there has been a growing demand for reliable and efficient network infrastructure within data centers. This has led to an increase in the adoption of software-defined networking and network automation technologies. Additionally, with the rise of Internet of Things (IoT) and smart devices, there has been a greater emphasis on the need for robust and secure network infrastructure to support the data transfer and processing requirements of these devices.

Trends in the market: In Bosnia and Herzegovina, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud-based solutions, as businesses look to reduce costs and improve scalability. Additionally, there is a growing trend in the adoption of edge computing technologies, allowing for faster and more efficient data processing. These trends are significant as they drive the need for advanced networking solutions and have implications for industry stakeholders such as network providers and data center operators. The trajectory of these trends is expected to continue as the demand for digital transformation and remote working solutions increases in the region.

Local special circumstances: In Bosnia and Herzegovina, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's geographical location and its post-war reconstruction efforts. The country's mountainous terrain and limited resources have led to a high demand for reliable and efficient network infrastructure. Additionally, the government's efforts to attract foreign investment and its focus on digitalization have created a favorable environment for data center development. These factors, combined with a growing digital economy, make Bosnia and Herzegovina a unique and promising market for network infrastructure within the data center industry.

Underlying macroeconomic factors: The growth of the Network Infrastructure Market within the Data Center Market in Bosnia and Herzegovina is also influenced by macroeconomic factors such as investments in digital infrastructure, government policies, and global economic trends. With the increasing adoption of digital technologies, the demand for data centers is also on the rise, which is further fueled by the favorable regulatory environment and investments in digital infrastructure by the Bosnian government. Additionally, the growing need for data storage and management in various industries and the increasing digitalization of businesses are contributing to the growth of the Network Infrastructure Market in the country.

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.