Market Insights Technology Data Center Network Infrastructure

Service Provider Network Infrastructure - Mexico

Mexico

Revenue in the Service Provider Network Infrastructure market is projected to reach US$2.01bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.61%, resulting in a market volume of US$2.40bn by 2029.
The average Spend per Employee in the Service Provider Network Infrastructure market is projected to reach US$33.41 in 2024.
In global comparison, most revenue will be generated in China (US$45,360m in 2024).

Key regions: United Kingdom, Japan, India, United States, Germany

Market

Region

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Analyst Opinion

The Service Provider Network Infrastructure market in Mexico is experiencing significant growth and development.

Customer preferences: Customers in Mexico are increasingly demanding high-speed and reliable network infrastructure to support their growing digital needs. With the rise of digital transformation initiatives across various industries, there is a strong preference for advanced network solutions that can handle large volumes of data and provide seamless connectivity.

Trends in the market: One notable trend in the Service Provider Network Infrastructure market in Mexico is the increasing adoption of cloud-based services. This trend is being driven by the need for scalable and flexible network solutions to support the expanding digital ecosystem in the country. Service providers are focusing on offering cloud-based network infrastructure services to meet the evolving needs of their customers.

Local special circumstances: Mexico's geographical location and proximity to the United States play a significant role in shaping the Service Provider Network Infrastructure market in the country. The close proximity to the US market allows Mexican service providers to leverage advanced technology and expertise, contributing to the development of robust network infrastructure in Mexico. Additionally, the government's initiatives to improve digital connectivity in underserved areas are creating opportunities for service providers to expand their network infrastructure offerings.

Underlying macroeconomic factors: The growing economy and increasing investments in telecommunications infrastructure are key macroeconomic factors driving the development of the Service Provider Network Infrastructure market in Mexico. As the country continues to attract foreign investments and promote digital innovation, there is a growing need for modern network infrastructure to support the expanding digital economy. Additionally, favorable government policies and regulatory frameworks are creating a conducive environment for market growth and development.

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.