Network Infrastructure - Greece | Statista Market Forecast

Revenue in the Network Infrastructure market is projected to reach US$853.80m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$715.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.43%, resulting in a market volume of US$1.01bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$176.80 in 2024.
In global comparison, most revenue will be generated China (US$64bn in 2024).

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.

For more information on the data displayed, use the info button right next to the boxes.

Routers, Broadband Access & Switches, such as Cisco Industrial Services Router, and Cisco Catalyst Switch
Enterprise Telephony, such as Cisco IP Telephone, and Cisco Unified IP Conference Phone
Infrastructure Firewalls, such as SonicWall Firewall, and Cisco Firepower

Private Network Infrastructure, such as TP-Link Basic Router, and TP-Link Mini Switch
Network Infrastructure Software, such as Microsoft Core Infrastructure SVR STE, and McAfee Internet Security

The Network Infrastructure market in Greece is currently experiencing subdued growth, due to various factors such as slow economic recovery and limited investments in technology. However, the market is expected to pick up in the coming years, driven by increasing demand for digital transformation and the need for robust network infrastructure in both the Service Provider and Enterprise sectors. Factors such as growing internet penetration, rising adoption of cloud computing, and the emergence of new technologies like 5G are expected to contribute to the market's growth. Additionally, the increasing focus on data security and the need for reliable and high-speed connections are also expected to impact the market positively.

Customer preferences: With the rise of remote work and increased reliance on digital communication, there has been a growing demand for reliable and high-speed network infrastructure in the Greek data center market. This trend is fueled by the need for seamless connectivity and data transfer, as well as the rising adoption of cloud-based services. Additionally, the shift towards smart cities and the Internet of Things (IoT) is further driving the demand for robust network infrastructure to support the growing volume of connected devices and data.

Trends in the market: In Greece, the Network Infrastructure Market within the Data Center Market is seeing a surge in demand for cloud services, as businesses look to modernize their IT infrastructure. This trend is expected to continue, with the market projected to grow at a CAGR of 11.2% from 2020 to 2025. This shift towards cloud-based solutions has significant implications for industry stakeholders, as it presents opportunities for expansion and innovation in the data center market. Furthermore, the rise of 5G technology in Greece is also driving the need for advanced network infrastructure, as it enables faster and more reliable data transfer. This trend is expected to continue, with the country investing heavily in 5G infrastructure to support the growing demand for data services. These developments highlight the importance of staying up-to-date with the latest network infrastructure technologies in order to remain competitive in the Greek market.

Local special circumstances: In Greece, the Data Center Market is influenced by the country's geographical location as a key gateway between Europe and the Middle East. This has led to a demand for reliable network infrastructure to support international connectivity and data exchange. Additionally, Greece's strict data protection laws and regulations have created a unique environment for data center operators, requiring them to adhere to stringent security measures. These factors have contributed to the growth of the Network Infrastructure Market within the Data Center Market in Greece, making it a promising market for investment and development.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Greece is influenced by macroeconomic factors such as technological advancements, government policies, and investment in IT infrastructure. The country's strong economic growth and increasing focus on digitalization have led to a rise in demand for data center services, driving the growth of the Network Infrastructure Market. Additionally, the growing trend of cloud adoption and the need for reliable and secure network connectivity has further fueled the demand for network infrastructure solutions in the country. However, factors such as high unemployment rates and political instability may hinder market growth in the short term.

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.