Network Infrastructure - Norway

Norway

Revenue in the Network Infrastructure market is projected to reach US$1.00bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$0.66bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.06%, resulting in a market volume of US$1.22bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$323.90 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 within the Data Center Market in Norway has been experiencing moderate growth, influenced by factors such as increasing demand for digital technologies, growing awareness of the importance of data networks, and the convenience of online services. The subdued growth rate may be impacted by factors such as economic uncertainty and competition within the sub-markets of Service Provider and Enterprise Network Infrastructure.

Customer preferences: With the rise of cloud technology and the increasing demand for high-speed data transmission, there has been a significant shift towards the adoption of 5G networks in Norway. This trend is driven by the country's strong digital infrastructure and tech-savvy population. Additionally, the growing importance of data security and privacy has led to the emergence of edge computing solutions, which enable data processing and storage closer to the end user. These developments are expected to shape the future of the Network Infrastructure Market within the Data Center Market, as businesses and consumers prioritize faster and more secure connectivity for their digital activities.

Trends in the market: In Norway, the Network Infrastructure Market within the Data Center Market is experiencing a shift towards environmentally sustainable solutions. This trend is driven by increasing awareness and regulations around carbon emissions. As a result, data center operators are investing in renewable energy sources, such as hydro and wind power. Additionally, there is a growing demand for energy-efficient data center designs and technologies, such as liquid cooling and virtualization. These trends are significant in reducing the environmental impact of data centers and can potentially lead to cost savings for industry stakeholders in the long run.

Local special circumstances: In Norway, the Data Center Market is heavily influenced by the country's cold climate and abundant renewable energy sources, driving the adoption of energy-efficient and sustainable data center solutions. Additionally, the strict data privacy laws and regulations in Norway have led to the development of highly secure data center facilities, attracting international companies looking for secure data storage and processing. These unique local factors have played a significant role in shaping the Network Infrastructure Market within the Data Center Market in Norway.

Underlying macroeconomic factors: The growth of the Network Infrastructure Market within the Data Center Market in Norway is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Norway's strong economic health and stable fiscal policies have created a favorable environment for the growth of the data center market, leading to increased demand for network infrastructure. Furthermore, the country's focus on sustainable and renewable energy sources has also driven the adoption of energy-efficient data center solutions, boosting the growth of the network infrastructure 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.