Network Infrastructure - Hungary | Statista Market Forecast

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 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.

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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 Hungary is seeing steady growth due to factors such as increasing adoption of digital technologies, rising awareness of the importance of network infrastructure in data centers, and the convenience offered by online services. However, the minimal growth rate is impacted by challenges in the Service Provider and Enterprise sub-markets, such as limited resources and slow technological advancements.

Customer preferences: There has been a growing demand for network infrastructure solutions that can support the increasing use of cloud-based services and applications in the data center market. This is driven by a shift towards remote working and virtual collaboration, as well as the need for reliable and high-speed connectivity. As a result, there has been a rise in the adoption of software-defined networking (SDN) and network function virtualization (NFV) technologies, which allow for more flexibility and scalability in managing network resources. Additionally, there is a growing trend towards hybrid and multi-cloud environments, creating a need for more advanced network infrastructure solutions to ensure seamless connectivity and data transfer between different cloud platforms.

Trends in the market: In Hungary, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud-based solutions and services. This trend is driven by the increasing adoption of digital transformation initiatives and the need for efficient data storage and management. Additionally, there is a growing focus on cybersecurity and data protection, leading to investments in advanced network infrastructure. These trends indicate a shift towards a more connected and secure data center ecosystem, providing opportunities for industry stakeholders to offer innovative solutions and services.

Local special circumstances: In Hungary, the Network Infrastructure Market within the Data Center Market is influenced by the country's geographic location as a gateway between Eastern and Western Europe. This has led to a strong demand for data centers from international companies looking to expand into Europe. Additionally, Hungary's favorable tax incentives and low cost of labor have attracted investments in the data center market. The country's strict data protection laws and cybersecurity regulations also play a significant role in shaping the network infrastructure market within the data center market, ensuring a secure and reliable environment for data storage and management.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Hungary is heavily influenced by macroeconomic factors such as the country's economic stability and growth, government policies and regulations, and investment in digital infrastructure. With a steady economic growth rate and favorable government policies, Hungary offers a conducive environment for the development of the Network Infrastructure Market. Additionally, the increasing demand for data storage and processing, driven by the growth of digital transformation in various industries, is also contributing to the expansion of the Network Infrastructure 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.