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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Market

Region

Region comparison

Currency

Analyst Opinion

In Singapore, the Network Infrastructure market is experiencing significant growth and evolution.

Customer preferences: Customers in Singapore are increasingly demanding faster and more reliable network infrastructure to support their digital activities. With the rise of remote work, e-learning, and e-commerce, there is a growing need for robust network infrastructure to ensure seamless connectivity and efficient data transmission.

Trends in the market: One of the key trends in the Network Infrastructure market in Singapore is the rapid adoption of 5G technology. The deployment of 5G networks is driving the demand for infrastructure upgrades to support higher data speeds, lower latency, and increased network capacity. This trend is fueled by the government's push to establish Singapore as a smart nation with advanced digital capabilities. Another trend shaping the market is the increasing focus on cybersecurity within network infrastructure. As cyber threats become more sophisticated, businesses and consumers alike are prioritizing secure network solutions to protect their data and privacy. This has led to a growing demand for network infrastructure that incorporates robust security features and protocols.

Local special circumstances: Singapore's small geographic size presents a unique challenge and opportunity for the Network Infrastructure market. The compact nature of the country allows for efficient network coverage, but also requires innovative solutions to optimize limited space for infrastructure deployment. As a global business hub, Singapore also attracts significant investments in network infrastructure to support the connectivity needs of multinational corporations and international trade.

Underlying macroeconomic factors: The strong emphasis on technology and innovation in Singapore's economic development plans is a key driver of growth in the Network Infrastructure market. The government's investments in digital infrastructure projects and initiatives create a favorable environment for network infrastructure providers to expand their offerings and capabilities. Additionally, Singapore's stable political climate, pro-business policies, and skilled workforce contribute to the attractiveness of the market for network infrastructure investments.

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.