Enterprise Network Infrastructure - Hong Kong

Revenue in the Enterprise Network Infrastructure market is projected to reach US$235.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.02%, resulting in a market volume of US$273.40m by 2029.
The average Spend per Employee in the Enterprise Network Infrastructure market is projected to reach US$63.17 in 2024.
In global comparison, most revenue will be generated China (US$18bn in 2024).

Definition:

The Enterprise Network Infrastructure market focuses on hardware resources necessary for wired and wireless network connectivity within enterprises. This market specifically focuses on technologies essential for the operations and management of enterprises, enabling the connection of computers and other business devices across organizational structures. Key components include advanced routers, switches, servers, and wireless systems that enable seamless connectivity of computers and other business devices. This infrastructure is vital for integrating internal networks with broader telecommunication networks and the internet, ensuring efficient and secure data exchange. It is designed to meet the specific needs of enterprise-level operations, distinguishing it from general consumer networking solutions.

Additional Information:

The Enterprise 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 Enterprise Network Infrastructure market include companies such as Huawei, Cisco, HPE, Nokia, Juniper, and Netgear.

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Advanced Routing and Switching Solutions, such as Cisco Industrial Services Router, and Cisco Catalyst Switch
Enterprise Wireless Solutions, such as Wi-Fi 6 Access Points, and Aruba Networks
Network Monitoring and Management Tools, such as SolarWinds, and Nagios
Network Security Solutions, such as next-generation firewalls, and NAC systems

Private Network Infrastructure, such as TP-Link Basic Router, TP-Link Easy Smart Switches and Google Nest WI-FI
Network Infrastructure Software, such as Microsoft Core Infrastructure SVR STE, Microsoft Network Monitor, and McAfee Internet Security
Network Infrastructure Services, such as IT Support Services, and Home Internet Services Providers (ISPs)

The Enterprise Network Infrastructure Market in Hong Kong is facing subdued growth due to factors such as slow adoption of digital technologies and limited health awareness among consumers. However, the convenience of online health services is expected to drive growth in the Network Infrastructure Market within the Data Center Market, despite its current challenges.

Customer preferences: There has been a growing trend in Hong Kong's Enterprise Network Infrastructure Market towards virtualization and cloud-based solutions, driven by the need for flexible and scalable IT infrastructure. This shift is also influenced by the city's highly mobile and tech-savvy population, who are increasingly relying on remote and mobile access to data and applications. Additionally, with the rise of remote work and the need for secure connectivity, there has been an increasing demand for software-defined networking (SDN) solutions in the Enterprise Network Infrastructure Market.

Trends in the market: In Hong Kong, there is a growing demand for enterprise network infrastructure solutions as businesses increasingly rely on digital technologies for operations and communication. This trend is driven by the rise of cloud computing, big data, and the Internet of Things (IoT). As a result, there is a growing need for advanced networking solutions that can handle large amounts of data and provide reliable connectivity. This trend is expected to continue in the coming years, with the adoption of 5G technology and the increasing use of edge computing. This has significant implications for industry stakeholders, as they will need to invest in scalable and agile network infrastructure to keep up with the evolving technology landscape. Furthermore, there is a growing emphasis on network security, as cyber threats become more sophisticated and prevalent. This highlights the need for businesses to prioritize secure and robust network infrastructure to protect their data and maintain business continuity.

Local special circumstances: In Hong Kong, the Enterprise Network Infrastructure Market is heavily influenced by the city's position as a global financial and commercial hub. With its high population density and advanced technological infrastructure, there is a strong demand for fast and reliable data center services. Additionally, the city's strict data privacy laws and regulations have led to the development of secure and compliant network infrastructure solutions. Hong Kong's unique blend of Eastern and Western cultures also impacts the market, with a focus on innovation and efficiency driving the adoption of advanced networking technologies.

Underlying macroeconomic factors: The Enterprise Network Infrastructure Market within the Data Center Market in Hong Kong is influenced by macroeconomic factors such as government initiatives to promote digital transformation, increasing investment in IT infrastructure, and growing demand for cloud services. Hong Kong's strong economic growth, favorable regulatory environment, and advanced telecommunications infrastructure have also contributed to the growth of the market. Furthermore, the rising adoption of advanced technologies such as IoT and artificial intelligence in various industries is driving the demand for robust network infrastructure, creating opportunities for market growth in the country.

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.