Network Infrastructure - Nordics

Nordics

Revenue in the Network Infrastructure market is projected to reach US$4.94bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$3.27bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.58%, resulting in a market volume of US$5.89bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$324.80 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

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Currency

Analyst Opinion

The Network Infrastructure market in the Nordics is seeing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the importance of robust network infrastructure, and the convenience of online services. The market's average growth rate is influenced by both the Service Provider and Enterprise sub-markets, as they compete for investment and drive innovation in the region.

Customer preferences: There is a growing demand for sustainable and energy-efficient solutions in the Network Infrastructure Market within the Data Center Market in the Nordics. With a strong focus on environmental sustainability, consumers are driving the adoption of green data centers and renewable energy sources. This shift is also influenced by the region's cold climate, which allows for natural cooling methods and reduces the need for energy-intensive cooling systems. Additionally, the increasing use of data and cloud-based services is leading to the development of more efficient and resilient network infrastructure.

Trends in the market: In the Nordics, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for edge computing solutions. This trend is driven by the increasing adoption of IoT devices and the need for low-latency data processing. Additionally, there is a growing focus on sustainability and energy efficiency, leading to the implementation of green data centers. These trends have significant implications for industry stakeholders, as they must adapt to meet the changing needs of their clients while also ensuring environmental responsibility. The trajectory of these trends is expected to continue, with the potential for further advancements in edge computing technology and sustainable data center practices.

Local special circumstances: In the Nordics, the Network Infrastructure Market within the Data Center Market is heavily influenced by the region's focus on sustainability and renewable energy. With a strong emphasis on green initiatives, data centers in the Nordics have lower energy costs and utilize renewable energy sources, making them an attractive location for data center investment. Additionally, the region's strict data privacy laws and high-speed internet infrastructure contribute to the growth of the data center market in the Nordics.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in the Nordics is influenced by macroeconomic factors such as the region's strong investment in digital infrastructure, favorable regulatory environment, and high adoption of advanced technologies. This has led to the Nordics emerging as a leading hub for data centers, attracting international investments and driving market growth. Additionally, the region's stable economic performance, supportive fiscal policies, and high level of digitalization have created a conducive environment for the development of robust network infrastructure, further fueling the growth of the market.

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.