Network Infrastructure - Finland

Finland

Revenue in the Network Infrastructure market is projected to reach US$0.92bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$0.59bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.26%, resulting in a market volume of US$1.08bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$318.60 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 Finland is experiencing slow growth due to factors such as limited government investments, increasing competition, and the transition towards cloud-based solutions. Despite this, the market is expected to see steady growth in the coming years, driven by the increasing demand for reliable and secure network services in both the Service Provider and Enterprise sectors.

Customer preferences: With the rise of remote work and virtual events, there has been a growing demand for reliable and high-speed network infrastructure in Finland's data center market. This has been driven by the increasing reliance on digital connectivity for work, entertainment, and communication. Additionally, there is a shift towards cloud-based services and software-defined networking, reflecting the growing preference for scalable and flexible solutions. As a result, data center providers are investing in advanced networking technologies to meet the changing needs of consumers.

Trends in the market: In Finland, 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 strategies by businesses. This trend is expected to continue as companies prioritize scalability, agility, and cost-efficiency. Additionally, the rise of 5G technology is fueling the need for high-speed, low-latency network infrastructure, driving the growth of the data center market. These trends offer opportunities for industry stakeholders to offer innovative solutions and services to meet the evolving needs of their clients. However, they also present challenges such as ensuring data security and managing complex hybrid cloud environments.

Local special circumstances: In Finland, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's commitment to sustainability and renewable energy. This has led to a significant focus on energy-efficient data centers and the use of green technologies. Additionally, Finland's cold climate allows for natural cooling, reducing the need for energy-intensive cooling systems. The government's strict data privacy laws and high internet penetration also contribute to the growth of the data center market in Finland.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Finland is impacted by various macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Finland's strong national economy and stable fiscal policies have created a favorable environment for market growth. Furthermore, the country's high investments in digital infrastructure and supportive regulatory environment have accelerated the adoption of network infrastructure solutions, driving market expansion. The increasing demand for data center services in the region, propelled by the growth of cloud computing and digitalization, is also contributing to the growth of the Network Infrastructure Market in Finland.

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.