Network Infrastructure - Hungary

Hungary

Revenue in the Network Infrastructure market is projected to reach US$434.10m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$325.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.50%, resulting in a market volume of US$623.10m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$86.17 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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Market

Region

Region comparison

Currency

Analyst Opinion

Hungary, a country known for its rich history and vibrant culture, is experiencing significant developments in its Network Infrastructure market.

Customer preferences: In Hungary, customers are increasingly seeking faster and more reliable network infrastructure to support their growing digital needs. With the rise of remote work, online education, and e-commerce, there is a high demand for robust network solutions that can ensure seamless connectivity and minimal downtime.

Trends in the market: One notable trend in the Hungarian Network Infrastructure market is the rapid expansion of 5G technology. As mobile data consumption continues to surge, telecom companies are investing heavily in upgrading their networks to offer high-speed 5G services across the country. This trend is being primarily driven by the need to support bandwidth-intensive applications and emerging technologies such as Internet of Things (IoT) devices.

Local special circumstances: Hungary's geographic location and size play a crucial role in shaping the Network Infrastructure market. As a landlocked country in Central Europe, Hungary serves as a strategic hub for connectivity between Eastern and Western Europe. This unique position has attracted investments from international telecommunications companies looking to establish a strong presence in the region. Additionally, the government's initiatives to improve digital infrastructure and promote innovation have created a favorable environment for network infrastructure development in the country.

Underlying macroeconomic factors: The economic stability and growth of Hungary also contribute to the advancements in the Network Infrastructure market. A thriving economy and increasing disposable income levels have led to higher investments in technology and digital services. Moreover, the government's focus on digital transformation and smart city initiatives further accelerates the adoption of advanced network infrastructure solutions across various industries in the country.

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.