Network Infrastructure - Lithuania

Lithuania

Revenue in the Network Infrastructure market is projected to reach US$413.50m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$256.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.81%, resulting in a market volume of US$475.00m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$268.60 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 Lithuania is experiencing subdued growth due to various factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges faced by both the Service Provider and Enterprise sub-markets. Despite this, the convenience of online services and increasing health awareness may drive growth in the future.

Customer preferences: The rise in demand for cloud-based solutions has led to a growing need for robust and reliable network infrastructure within the Data Center Market. This trend is driven by the increasing adoption of digital services and the need for high-speed connectivity. Additionally, with the growing popularity of remote work and virtual events, there is a growing demand for network infrastructure that can support large volumes of data and ensure seamless connectivity. This shift towards digitalization and reliance on technology is also influenced by the country's strong IT infrastructure and tech-savvy population.

Trends in the market: In Lithuania, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud-based services, as businesses seek to streamline operations and reduce costs. Additionally, there is a growing trend towards edge computing, with the proliferation of Internet of Things (IoT) devices requiring low latency and high bandwidth connections. These trends signify the increasing reliance on digital infrastructure and the need for robust network capabilities. Industry stakeholders must adapt to meet these changing demands, as failure to do so may result in loss of competitiveness and market share.

Local special circumstances: In Lithuania, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's strategic location between Eastern and Western Europe. This makes it an ideal location for international companies looking to expand their presence in both regions. Additionally, the country's favorable business climate and government incentives for foreign investment have attracted major players in the data center industry. However, the small size of the market and limited local demand for data center services pose challenges for growth. This has led to a focus on offering specialized and high-quality services to attract international clients.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Lithuania is largely influenced by macroeconomic factors such as government initiatives to improve digital infrastructure, favorable business environment, and increasing investments in the ICT sector. The country's strong economic growth, stable political environment, and support for innovation and technology have created a conducive market for data center services. Additionally, the growing demand for cloud computing and the increasing adoption of digital transformation strategies by enterprises are further driving the growth of the network infrastructure market in Lithuania.

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.