Network Infrastructure - Croatia

Croatia

Revenue in the Network Infrastructure market is projected to reach US$134.00m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$97.78m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.21%, resulting in a market volume of US$149.50m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$77.50 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

The Network Infrastructure Market within the Data Center Market in Croatia has seen moderate growth due to factors such as increased adoption of digital technologies, growing awareness of data security, and the convenience of online services. However, the subdued growth rate can be attributed to factors such as limited investment in infrastructure and a slow pace of digital transformation in the country.

Customer preferences: The growing use of cloud computing and the demand for high-speed connectivity is driving the adoption of software-defined networking (SDN) and network function virtualization (NFV) in the Network Infrastructure Market within the Data Center Market. This shift towards virtualized and automated network management solutions is fueled by the need for agile and cost-effective infrastructure to support the increasing volume of data and applications. Additionally, the rise of Internet of Things (IoT) devices and the need for real-time data processing is further propelling the demand for advanced network infrastructure solutions.

Trends in the market: In Croatia, the Network Infrastructure Market within the Data Center Market is experiencing an increase in demand for cloud services, with businesses looking to modernize their IT infrastructure. Additionally, there is a growing trend of using software-defined networking (SDN) to improve network agility and reduce costs. This trend is expected to continue, with predictions of significant growth in the SDN market. It is also worth noting that the increasing adoption of 5G technology in Croatia will further drive the demand for advanced network infrastructure. Industry stakeholders should pay attention to these trends and invest in technologies that can support the growth of cloud and SDN services, as well as prepare for the potential impact of 5G on the network infrastructure market.

Local special circumstances: In Croatia, the Network Infrastructure Market within the Data Center Market is influenced by the country's geographic location as a bridge between Central Europe and the Balkans. This has led to the development of a strong telecommunications infrastructure, with investments in fiber optic networks and data centers. Additionally, Croatia's membership in the European Union has resulted in the implementation of strict data protection regulations, ensuring a secure and reliable network for businesses. These factors have contributed to the growth of the Network Infrastructure Market, making it a key player in the region.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Croatia is greatly impacted by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economic stability and growth greatly influence the demand for data center services and the development of network infrastructure. Additionally, government initiatives and investments in digital infrastructure also play a crucial role in the growth of the market. With favorable regulatory environments and strong investments in digital infrastructure, Croatia is experiencing significant growth in the Network Infrastructure Market within the Data Center Market. Furthermore, the increasing demand for data center services and network infrastructure is also driven by the growing digital economy and the need for efficient data management and storage.

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.