Enterprise Network Infrastructure - Serbia

Revenue in the Enterprise Network Infrastructure market is projected to reach US$155.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.39%, resulting in a market volume of US$192.80m by 2029.
The average Spend per Employee in the Enterprise Network Infrastructure market is projected to reach US$47.87 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 Serbia is facing subdued growth, influenced by factors such as slow adoption of digital technologies, low health awareness among consumers, and limited convenience of online services.

Customer preferences: As Serbia continues to develop its digital infrastructure, there is a growing demand for enterprise network solutions that can support the expanding data center market. With the rise of remote work and virtual collaboration, there is a growing need for reliable and secure network infrastructure. Additionally, there is a trend towards cloud-based services, driven by the need for cost-effective and scalable solutions. This shift towards digitalization is also influenced by the increasing adoption of IoT devices in various industries, creating a demand for network infrastructure that can support data transfer and processing.

Trends in the market: In Serbia, the Enterprise Network Infrastructure Market is experiencing a shift towards cloud-based solutions, with more businesses adopting Software-as-a-Service (SaaS) for their network infrastructure needs. Additionally, there is a growing demand for network virtualization and automation to improve efficiency and reduce costs. These trends are significant as they allow companies to scale their networks as needed and streamline their operations. However, they also pose challenges for traditional network infrastructure providers who must adapt to these changes. Furthermore, there is a potential for increased competition in the market as new players enter with innovative solutions.

Local special circumstances: In Serbia, the Enterprise Network Infrastructure Market within the Data Center Market is heavily influenced by the country's efforts to improve its digital infrastructure and attract foreign investment. With a growing tech-savvy population and a favorable business climate, Serbia has emerged as a major hub for data center development and cloud services. Additionally, the government's initiatives to promote e-commerce and e-government have created a strong demand for robust network infrastructure, further driving growth in the market.

Underlying macroeconomic factors: The Enterprise Network Infrastructure Market within the Data Center Market in Serbia is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and financial indicators. The growth of this market is also driven by technological advancements, supportive regulations, and investments in infrastructure. Countries with favorable regulatory environments and strong investment in network infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing adoption of digital technologies and the rise in demand for efficient and secure network solutions are also contributing to the growth of the Enterprise Network Infrastructure Market in Serbia.

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.