Service Provider Network Infrastructure - Hungary

Revenue in the Service Provider Network Infrastructure market is projected to reach US$325.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.46%, resulting in a market volume of US$466.70m by 2029.
The average Spend per Employee in the Service Provider Network Infrastructure market is projected to reach US$64.63 in 2024.
In global comparison, most revenue will be generated China (US$45bn in 2024).

Definition:

The Service Provider Network Infrastructure market focuses on hardware resources for telecommunication service companies, focusing on technologies that enable wired and wireless network connectivity. This market specifically focuses on the essential infrastructure for transferring voice and data, encompassing high-performance routers, switches, servers, and wireless communication devices. It addresses the robust and scalable requirements of professional telecom networks, differentiating itself from consumer-grade networking products. These systems are crucial for maintaining reliable, high-speed communication services, integral to the infrastructure of the global telecommunication industry.

Additional Information:

The Service Provider 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 Service Provider Network Infrastructure market include companies such as Huawei, Cisco, Ericsson, Nokia, ZTE, and Ciena.

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Advanced Routers and Switches for Service Providers, such as Cisco Industrial Services Router, and Cisco Catalyst Switch
Carrier IP Telephony, such as Cisco IP Telephone, and Cisco Unified IP Conference Phone
Microwave Transmission & Mobile Backhaul, such as Ericsson’s Mini-Link, and Nokia’s Wavence Microwave transmission technologies
Wireless Packet Core, such as Cisco Ultra Packet Core, and Ericsson Packet Core Gateway

Private Network Infrastructure, such as TP-Link Basic Router, TP-Link Easy Smart Switches and Google Nest WI-FI
Network Infrastructure Software, such as Microsoft Core Infrastructure SVR STE, and McAfee Internet Security
Network Infrastructure Services, such as IT Support Services, and Home Internet Services Providers (ISPs)

The Service Provider Network Infrastructure Market in Hungary is witnessing minimal growth due to factors like limited investments in network infrastructure and slow adoption of digital technologies. However, increasing demand for online health services and growing awareness among consumers could drive growth in the near future.

Customer preferences: With the growing demand for high-speed internet and reliable connectivity, there has been a notable increase in the adoption of software-defined networking (SDN) and network function virtualization (NFV) solutions in the Service Provider Network Infrastructure Market. This trend is driven by the need for agile and flexible network management, as well as the rising popularity of cloud-based services. Additionally, the shift towards virtualized network infrastructure is also influenced by the increasing adoption of 5G technology and the need for efficient network resource allocation.

Trends in the market: In Hungary, the Service Provider Network Infrastructure Market within the Data Center Market is experiencing a shift towards virtualization and software-defined networking (SDN). This trend is driven by the growing demand for flexible and scalable network solutions, as well as the need to reduce costs and improve network efficiency. As a result, we can expect to see an increase in the adoption of SDN and network virtualization technologies in the coming years. This will have significant implications for industry stakeholders, such as service providers, as they will need to adapt their offerings to meet the changing needs of their customers. Additionally, there may be a potential for new players to enter the market, offering innovative SDN solutions and disrupting the traditional network infrastructure market.

Local special circumstances: In Hungary, the Service Provider Network Infrastructure Market within the Data Center Market is heavily influenced by the country's geographical location and regulatory environment. Being a central hub in Europe, Hungary is well-connected to major markets and has a highly developed telecommunications infrastructure. Additionally, the government's support for digital transformation has led to a competitive market for network infrastructure services. However, the strict data protection regulations in Hungary may pose challenges for service providers, requiring them to comply with stringent requirements. These factors contribute to the unique dynamics of the Service Provider Network Infrastructure Market within the Data Center Market in Hungary.

Underlying macroeconomic factors: The growth of the Service Provider Network Infrastructure Market within the Data Center Market is heavily impacted by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with strong regulatory support and significant investment in digital infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. The increasing demand for high-speed internet and the rise of cloud-based services are also driving the growth of the Service Provider Network Infrastructure Market, as businesses and individuals increasingly rely on digital connectivity for their day-to-day operations.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Nothing runs right in companies or corporations today without the proper IT network infrastructure and equipment. IT networking is the construction, design, and use of network equipment to allow groups of computing devices to exchange data with one another, over both wired and wireless networks. The market covers networking hardware, software, and services, including virtual networks, servers, network management, and security.