Network Infrastructure - Mongolia

Mongolia

Revenue in the Network Infrastructure market is projected to reach US$68.12m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$49.06m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.75%, resulting in a market volume of US$85.90m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$48.87 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 Mongolia is experiencing subdued growth, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and limited convenience of online services. The market is divided into Service Provider and Enterprise sub-markets, each facing unique challenges in driving growth. Further efforts to improve digital infrastructure and increase awareness could potentially boost growth in the future.

Customer preferences: As technology adoption continues to increase in Mongolia, there has been a growing demand for advanced network infrastructure within the data center market. This is driven by the rising popularity of cloud computing and the need for efficient data storage and management. Additionally, with the country's young and tech-savvy population, there is a strong demand for reliable and high-speed internet connectivity. As a result, data center providers are investing in state-of-the-art network infrastructure to meet the evolving needs of consumers and businesses.

Trends in the market: In Mongolia, the Network Infrastructure Market within the Data Center Market is experiencing a shift towards cloud-based services, with more businesses adopting cloud computing for their data storage and processing needs. This trend is driven by the increasing demand for data center services and the need for reliable and scalable network infrastructure. As a result, there has been a rise in the deployment of fiber optic cables and high-speed internet connections in the country. This trend is significant as it enables businesses to access advanced technologies and services, such as artificial intelligence and big data analytics, to improve their operations and gain a competitive edge. However, it also poses challenges for industry stakeholders, such as the need for continuous infrastructure upgrades and investments to keep up with the evolving technology landscape. Additionally, it highlights the importance of partnerships and collaborations between data center providers and telecommunication companies to ensure a robust and reliable network infrastructure for businesses in Mongolia.

Local special circumstances: In Mongolia, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's unique geographical and cultural factors. Due to its remote location and harsh climate, Mongolia has a limited and underdeveloped internet infrastructure, which presents challenges for the growth of the data center market. Additionally, the country's nomadic lifestyle and traditional values also play a role in shaping the demand for data center services. This has led to the development of innovative solutions, such as mobile data centers, to cater to the specific needs of the market.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Mongolia is strongly influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in network infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for high-speed internet and data storage solutions is driving the growth of the network infrastructure market in Mongolia.

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.