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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
in trillion USD (US$)
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
in percent
Most recent update: Mar 2024
Source: Statista Market Insights
The Network Infrastructure market in Israel is experiencing subdued growth due to various factors such as slow adoption of digital technologies, limited health awareness among consumers, and challenges in providing online services. The Service Provider and Enterprise sub-markets are both impacted by these factors, leading to a slower overall market growth rate.
Customer preferences: The growing adoption of cloud computing and the increasing reliance on digital technologies have fueled the demand for advanced network infrastructure in the Data Center Market in Israel. As businesses and consumers rely more on online services, there is a growing need for high-speed, reliable, and secure networks. This trend is driven by the country's highly tech-savvy population and the government's focus on promoting digital transformation. Additionally, the rise of remote work and e-learning during the pandemic has highlighted the importance of robust network infrastructure for seamless connectivity and productivity.
Trends in the market: In Israel, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud services and edge computing solutions. This trend is driven by the increasing adoption of IoT devices and the need for real-time data processing. Industry experts predict that this trend will continue to grow in the coming years, as more organizations prioritize digital transformation and data-driven decision making. This presents opportunities for industry stakeholders to expand their offerings and cater to the evolving needs of their clients. However, it also brings challenges, such as the need for robust security measures and efficient network management to support the growing demand for bandwidth and connectivity. As such, industry players must continuously innovate and invest in advanced technologies to stay competitive in this rapidly evolving market.
Local special circumstances: In Israel, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's advanced technology sector and its highly skilled workforce. Additionally, Israel's favorable government policies and investment in research and development have led to a robust and innovative data center market. The country's small size also allows for efficient and secure network connectivity, making it an ideal location for data center operations. Furthermore, Israel's strict data privacy laws and cybersecurity regulations ensure the protection of sensitive information, attracting international companies to establish their data centers in the country.
Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Israel is greatly impacted by macroeconomic factors, such as technological advancements, government policies, and investment in infrastructure. Israel's strong economy, supported by a highly skilled workforce and favorable business environment, allows for significant investment in network infrastructure. Additionally, the country's focus on innovation and technological development, along with its robust cybersecurity measures, makes it an attractive location for data center investments. Furthermore, the increasing adoption of cloud computing and big data analytics in Israel is driving the demand for advanced network infrastructure solutions, further boosting the growth of the market.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Sources: Statista Market Insights , Financial Statements of Key Players , National statistical offices
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.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
Source:
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