Network Infrastructure - Serbia

Serbia

Revenue in the Network Infrastructure market is projected to reach US$516.70m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$361.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.31%, resulting in a market volume of US$638.00m by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$159.10 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

Region comparison

Currency

Analyst Opinion

The Data Center Network Infrastructure Market in Serbia has seen moderate growth due to several factors, including the slow adoption of digital technologies in the region, limited awareness of health concerns, and challenges in providing reliable internet connectivity. This has resulted in a subdued growth rate for both the Service Provider and Enterprise sub-markets.

Customer preferences: As the demand for faster and reliable internet connectivity continues to grow, there has been a notable shift towards the adoption of fiber optic networks in Serbia. This trend is driven by the increasing number of businesses and individuals relying on data-intensive applications and services, such as cloud computing and video streaming. Additionally, with the rise of smart homes and the Internet of Things (IoT), there is a growing need for a robust and secure network infrastructure to support these connected devices. This has led to a rise in investments in network infrastructure upgrades and expansion, with a particular focus on high-speed fiber optic networks.

Trends in the market: In Serbia, the Network Infrastructure Market within the Data Center Market is experiencing a rise in demand for cloud-based solutions, as companies look to reduce costs and improve efficiency. This trend is expected to continue, with a projected growth of 12.7% in the data center market by 2025. Additionally, there is a growing focus on green data centers, with companies implementing energy-efficient solutions to reduce their carbon footprint. This trend not only benefits the environment but also presents opportunities for industry stakeholders to offer sustainable solutions and differentiate themselves in the market.

Local special circumstances: In Serbia, the Network Infrastructure Market within the Data Center Market is influenced by the country's geographical location and its position as a major transit hub between Europe and Asia. This has led to the development of advanced network infrastructure, attracting international companies to establish their data centers in the country. Additionally, Serbia's pro-business regulatory environment and low labor costs have made it an attractive destination for data center investments, contributing to the growth of the Network Infrastructure Market.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Serbia is influenced by macroeconomic factors such as technological advancements and investments in IT infrastructure. With the rise of cloud computing and the increasing demand for data storage and processing, the data center market is experiencing significant growth in the country. In addition, favorable government policies and incentives for foreign investment in the IT sector are further driving the growth of the market. Furthermore, the growing digitalization of businesses and the increasing need for data security and privacy are also contributing to the expansion of the Network Infrastructure Market in Serbia.

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.