Enterprise Network Infrastructure - Hungary

Revenue in the Enterprise Network Infrastructure market is projected to reach US$108.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.59%, resulting in a market volume of US$156.40m by 2029.
The average Spend per Employee in the Enterprise Network Infrastructure market is projected to reach US$21.54 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 Hungary is experiencing modest growth due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and challenges in accessing online health services.

Customer preferences: An emerging trend in the Enterprise Network Infrastructure Market of the Network Infrastructure Market within the Data Center Market is the growing demand for cloud-based solutions and services. Businesses are increasingly relying on cloud-based platforms and applications for their networking needs, driven by the need for scalability, flexibility, and cost-effectiveness. Additionally, the rise of remote work and virtual teams has also led to a greater reliance on cloud-based infrastructure, as it enables seamless collaboration and communication across geographically dispersed teams.

Trends in the market: In Hungary, the Enterprise Network Infrastructure Market of 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 by businesses. This trend is expected to continue as companies prioritize scalability, cost-efficiency, and flexibility in their IT infrastructure. Additionally, there is a growing focus on cybersecurity, as organizations seek to protect their data and networks from cyber threats. This presents opportunities for industry stakeholders to offer innovative security solutions and services.

Local special circumstances: In Hungary, the Enterprise Network Infrastructure Market is experiencing growth due to the country's strategic location and highly skilled workforce. The government's focus on developing a robust digital infrastructure has also contributed to the market's expansion. Additionally, the cultural preference for reliable and secure network solutions has led to the adoption of advanced technologies such as SD-WAN and cloud networking. The regulatory environment, with its emphasis on data privacy and security, has also played a significant role in shaping the market landscape.

Underlying macroeconomic factors: The Enterprise Network Infrastructure Market within the Data Center Market in Hungary is influenced by several macroeconomic factors, including the country's overall economic health, fiscal policies, and global economic trends. Favorable fiscal policies and a stable economic climate can drive investment in network infrastructure, while economic downturns and tight budgets may slow market growth. Additionally, the increasing demand for digital transformation, data analytics, and cloud computing globally is creating a need for robust network infrastructure, which is expected to drive market growth in Hungary. Furthermore, the government's initiatives to improve digital infrastructure and support for emerging technologies are likely to boost the Enterprise Network Infrastructure Market within the Data Center Market in Hungary.

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.