Network Infrastructure - Singapore

Singapore

Revenue in the Network Infrastructure market is projected to reach US$0.77bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$0.55bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.85%, resulting in a market volume of US$0.93bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$208.60 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 in Singapore is experiencing subdued growth due to challenges in both the Service Provider and Enterprise sub-markets. Factors such as high costs of implementation and lack of skilled professionals are impacting the overall market. However, increasing demand for digital technologies and growing awareness of the benefits of online services may drive future growth.

Customer preferences: With the rapid growth of cloud computing and the increasing adoption of IoT devices, there has been a significant rise in demand for advanced network infrastructure within the data center market in Singapore. This trend is driven by the need for faster and more reliable connections to support the growing volume of data being generated and transferred. Additionally, as the country continues to embrace digital transformation, there is a growing demand for network infrastructure solutions that can support the increasing number of connected devices and applications. This has led to the emergence of new technologies such as software-defined networking (SDN) and network function virtualization (NFV), which offer more flexibility and scalability for data center networks. Additionally, with the rise of remote work and virtual events, there is a growing demand for robust and secure network infrastructure to support seamless and reliable connectivity.

Trends in the market: In Singapore, the Network Infrastructure Market within the Data Center Market is experiencing a surge in demand for cloud-based services and solutions. This trend is driven by the increasing adoption of digital transformation strategies by businesses, as well as the rise in remote work due to the COVID-19 pandemic. As a result, there is a growing need for robust and reliable network infrastructure to support the growing volume of data and traffic. This trend is expected to continue in the foreseeable future, with implications for industry stakeholders such as network infrastructure providers, data center operators, and cloud service providers. These stakeholders will need to continuously invest in upgrading and expanding their network infrastructure to meet the evolving demands of the market. Additionally, there may be opportunities for partnerships and collaborations between these stakeholders to offer integrated solutions that can cater to the specific needs of businesses in Singapore.

Local special circumstances: In Singapore, the Network Infrastructure Market within the Data Center Market is heavily influenced by the government's commitment to developing a robust digital infrastructure. With the country's small land size and high population density, there is a strong emphasis on efficient and sustainable data center solutions. Additionally, Singapore's strict data privacy laws and advanced cybersecurity measures make it an attractive location for data center operators, driving demand for network infrastructure.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Singapore is strongly influenced by macroeconomic factors such as technological advancements, government policies, and investments in information and communication technology (ICT) infrastructure. Singapore's stable and robust economy, along with its favorable business environment, has made it a prime location for data center investments. The government's initiatives to develop a smart nation and promote digital transformation have also led to an increase in demand for network infrastructure services. Furthermore, the country's strategic location and well-developed telecommunications network have made it a regional hub for data centers, attracting international companies and driving market growth.

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.