Service Provider Network Infrastructure - Worldwide

  • Worldwide
  • Revenue in the Service Provider Network Infrastructure market is projected to reach US$170.10bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.65%, resulting in a market volume of US$223.90bn by 2029.
  • The average Spend per Employee in the Service Provider Network Infrastructure market is projected to reach US$47.78 in 2024.
  • The global market share of Cisco was 0% in 2019.
  • In global comparison, most revenue will be generated in China (US$45,360m in 2024).

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

 
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Analyst Opinion

The Service Provider Network Infrastructure market is a dynamic and evolving sector with several key trends shaping its development.

Customer preferences:
Customers in the Service Provider Network Infrastructure market are increasingly demanding high-speed and reliable network connections to support their growing digital needs. They prioritize providers that offer scalable solutions, seamless connectivity, and robust security features to ensure uninterrupted service.

Trends in the market:
In North America, there is a noticeable trend towards the adoption of 5G technology, driving the expansion of network infrastructure to support the increased data traffic and connectivity requirements. Service providers are investing heavily in upgrading their networks to meet the demands of the digital age and stay competitive in the market.

Local special circumstances:
In Europe, the focus is on enhancing network efficiency and sustainability, with a growing emphasis on green technologies and reducing carbon footprint. Service providers are implementing innovative solutions such as energy-efficient network equipment and renewable energy sources to align with the region's environmental goals and regulations.

Underlying macroeconomic factors:
The Asia-Pacific region is experiencing rapid urbanization and digital transformation, leading to a surge in demand for advanced network infrastructure. Governments are investing in building smart cities and improving connectivity in remote areas, driving the growth of the Service Provider Network Infrastructure market in the region. Additionally, the increasing adoption of Internet of Things (IoT) devices and cloud services is fueling the need for robust network solutions to support the expanding digital ecosystem. Overall, the Service Provider Network Infrastructure market is witnessing significant growth globally, driven by technological advancements, changing customer preferences, and the increasing reliance on digital connectivity for both personal and business purposes. Service providers are adapting to these trends by investing in innovative solutions, expanding their network capabilities, and addressing local market needs to stay competitive in the evolving landscape.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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