Network Devices Market Size, Analysis, Share & Forecast 2031
Network Devices Market Size, Analysis, Share & Forecast 2031
Segments - Network Devices Market by Types (Outdoor and Indoor), Device Types (Access Points, Gateways, and Routers), Connectivity (LoRa, Wi-Fi + Others, Cellular, Wi-Fi, and Others), Applications (Transportation Networking, Industrial Networking, Enterprise Networking, Commercial Networking, and Residential Networking), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :EP-4557
| 4.6 Rating
| 74 Reviews
| 190 Pages
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Report Description
The network devices market size was valued at USD 28.09 Billion in 2022 and is projected to reach USD 50.78 Billion by 2031, expanding at a CAGR of around 6.8% during the forecast period, 2023-2031. The growth of the market is attributed to the rising adoption of IoT devices and increasing demand for smart homes and buildings.
Network devices are hardware components that are used to link fax machines, printers, computers, and other electronic devices to a network. These devices efficiently transfer data across several networks, securely, and correctly. Network equipment can be either intra- or inter-networked. A NIC card or RJ45 connection is an installed device, whereas a router, switch, or other network device is a network component.
Deploying a Wi-Fi network enables businesses to quickly create and link commercial apps. To streamline business operations and provide new income opportunities, core industrial sectors are eager to automate and digitalize their business processes. The Covid-19 pandemic affected the demand and supply of network devices market.
Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Network Devices Market Trends, Drivers, Restraints, and Opportunities
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Increased use of smartphones and improved connectivity is estimated to drive the demand for connected devices.
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The development of cellular-based network devices is anticipated to be fueled by telecom companies' growing investments in wireless network infrastructure.
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Demand for network devices including routers, gateways, and access points is anticipated to increase as the number of Internet users is projected to expand rapidly in the coming years.
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Data privacy is the key factor anticipated to hinder the market growth during the forecast period.
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Advent of IIoT and industry 4.0 in wireless networking is expected to create immense opportunities for the market players during the forecast period.
Scope of the Network Devices Market Report
The report on the global network devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Network Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023 – 2031 |
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Segmentation |
Types (Outdoor and Indoor), Device Types (Access Points, Gateways, and Routers), Connectivity (LoRa, Wi-Fi + Others, Cellular, Wi-Fi, and Others), Applications (Transportation Networking, Industrial Networking, Enterprise Networking, Commercial Networking, and Residential Networking) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
TP-LINK; Teltokina Networks; Sierra Wireless; Siemens; Schneider Electric; Robustel; Nokia; Multitech; Moxa; Lantronix; Juniper Networks; Inseego; Huawei; HP Enterprise; HMS Networks; General Electric; Extreme Networks; D-Link; Digi International; Cradlepoint; Cisco Systems; Casa Systems; Belkin International; ASUSTek Computer; Advantech; and Adtran |
Network Devices Market Segment Insights
The indoor segment accounted for a major market share in 2021
Based on types, the market is bifurcated into outdoor and indoor. The indoor segment accounted for a major market share in 2021. Every indoor access point has a different signal range for each individual device. Factors such as wireless protocol an access point uses, power of its device transmitter, types of physical barriers and radio interference in the immediate vicinity all determine the range of an access point.
A Wi-Fi network's range can be reduced by up to 25% by physical barriers like brick walls and metal frames or sheathing. Every time a wireless signal comes into contact with an obstacle, its strength decreases; this typically occurs indoors due to walls, flooring, and even the electronic interference brought on by appliances.
The routers segment is estimated to grow at a rapid pace during the forecast period
On the basis of device types, the market is segregated into access points, gateways, and routers. The routers segment is estimated to grow at a rapid pace during the forecast period. Escalating demand for high-speed Internet connectivity and expanding use of smart devices like smartphones, tablets, and smart TVs are fueling the demand for wireless routers in the residential sector.
The growth of the segment is attributed to rising adoption of virtualization, expanding cloud networking, and rising demand for Internet-based devices in commercial, enterprise, and industrial applications. Industrial routers provide the communications framework for applications used in industry and utilities that operate in both indoor and outdoor settings.
The cellular service providers like AT&T, Verizion, and Vodafone also need to certify cellular-based industrial routers. Additionally, cellular service providers including AT&T, Verizion, and Vodafone need to certify their cellular-based industrial routers to be compatible for connectivity. Some industrial routers also include SCADA compatibility, in order to work with industrial machinery and equipment that employs standardized SCADA communication.
The Wi-Fi segment is projected to expand at a high CAGR during the forecast period
In terms of connectivity, the market is fragmented into LoRa, Wi-Fi + others, cellular, Wi-Fi, and others. The Wi-Fi segment is projected to expand at a high CAGR during the forecast period. Wi-Fi provides connections between devices so they can send information directly to one another or through large networks. It is a core technology for the Internet of Things and mostly operates between the frequencies of 2.4 and 5.0 GHz.
Wi-Fi connectivity offers the best performance, range, and overall value for routers, gateways, and access points, ranging from Wi-Fi 5 to new Wi-Fi 6 and 6E models. A cable is used to link a Wi-Fi router and modem together. This makes it possible for it to send information to and receive information from the Internet.
The router then establishes and interacts with the Wi-Fi network in the house using built-in antennas, granting Internet access to all the devices connected to the network.
The enterprise networking segment is anticipated to account for a key market share
Based on applications, the market is divided into transportation networking, industrial networking, enterprise networking, commercial networking, and residential networking. The enterprise networking segment is anticipated to account for a key market share during the forecast period. The enterprise network is commonly deployed at offices and large organizations.
It consists of the IT infrastructure that large and medium-sized businesses utilize to link applications, devices, and users. The growth of the segment is attributed to increasing adoption of virtualized technologies, expansion of cloud networking, and growing demand for Internet-based devices. Moreover, government programs that support the industrialization and digitization of developing nations is projected to boost the segment.
North America is anticipated to dominate the market during the forecast period
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. Growth of the market in the region is attributed to increasing implementation of integrated business and enterprise solutions for adaptable and agile corporate operations.
The demand for wireless hotspots and Wi-Fi solutions and services is anticipated to expand as large organizations in this region are investing more in wireless technology. The presence of key market players such as Extreme Networks, Juniper Networks, Aruba, and Cisco Systems in the region is anticipated to drive the market.
Segments
The global network devices market has been segmented on the basis of
Types
- Outdoor
- Indoor
Device Types
- Access Points
- Gateways
- Routers
Connectivity
- LoRa
- Wi-Fi + Others
- Cellular
- Wi-Fi
- Others
Applications
- Transportation Networking
- Industrial Networking
- Enterprise Networking
- Commercial Networking
- Residential Networking
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- TP-LINK
- Teltokina Networks
- Sierra Wireless
- Siemens
- Schneider Electric
- Robustel
- Nokia
- Multitech
- Moxa
- Lantronix
- Juniper Networks
- Inseego
- Huawei
- HP Enterprise
- HMS Networks
- General Electric
- Extreme Networks
- D-Link
- Digi International
- Cradlepoint
- Cisco Systems
- Casa Systems
- Belkin International
- ASUSTek Computer
- Advantech
- Adtran
Competitive Landscape
Key players competing in the network devices market include TP-LINK; Teltokina Networks; Sierra Wireless; Siemens; Schneider Electric; Robustel; Nokia; Multitech; Moxa; Lantronix; Juniper Networks; Inseego; Huawei; HP Enterprise; HMS Networks; General Electric; Extreme Networks; D-Link; Digi International; Cradlepoint; Cisco Systems; Casa Systems; Belkin International; ASUSTek Computer; Advantech; and Adtran.
Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
- In June 2021, Cisco introduced a new line-up of Catalyst industrial routers for business networks. These consist of the Cisco IoT Gateway Series and Catalyst 5G Industrial Routers.
- In January 2022, Sierra Wireless announced the release of the AirLink RV50X router, which has been FCC-certified for use on the Anterix 900 MHz spectrum.
Frequently Asked Questions
Cradlepoint; Cisco Systems; Casa Systems; Belkin International.; ASUSTek Computer; Advantech; and Adtran are some of the key players in the network devices market.
Transportation networking, industrial networking, enterprise networking, commercial networking, and residential networking are the applications of the network devices.
The network devices market is projected to reach USD 50.78 billion by 2031.
The network devices market size was valued at USD 28.09 billion in 2022.
The network devices market is anticipated to expand at a CAGR of around 6.8% during the forecast period, 2023 – 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Network Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Network Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Network Devices Market - Supply Chain
4.5. Global Network Devices Market Forecast
4.5.1. Network Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Network Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Network Devices Market Absolute $ Opportunity
5. Global Network Devices Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Network Devices Market Size and Volume Forecast by Types
5.3.1. Outdoor
5.3.2. Indoor
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Network Devices Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Network Devices Market Size and Volume Forecast by Applications
6.3.1. Transportation Networking
6.3.2. Industrial Networking
6.3.3. Enterprise Networking
6.3.4. Commercial Networking
6.3.5. Residential Networking
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Network Devices Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Network Devices Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Network Devices Demand Share Forecast, 2019-2026
8. North America Network Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Network Devices Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Network Devices Market Size and Volume Forecast by Types
8.4.1. Outdoor
8.4.2. Indoor
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Network Devices Market Size and Volume Forecast by Applications
8.7.1. Transportation Networking
8.7.2. Industrial Networking
8.7.3. Enterprise Networking
8.7.4. Commercial Networking
8.7.5. Residential Networking
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Network Devices Demand Share Forecast, 2019-2026
9. Latin America Network Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Network Devices Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Network Devices Market Size and Volume Forecast by Types
9.4.1. Outdoor
9.4.2. Indoor
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Network Devices Market Size and Volume Forecast by Applications
9.7.1. Transportation Networking
9.7.2. Industrial Networking
9.7.3. Enterprise Networking
9.7.4. Commercial Networking
9.7.5. Residential Networking
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Network Devices Demand Share Forecast, 2019-2026
10. Europe Network Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Network Devices Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Network Devices Market Size and Volume Forecast by Types
10.4.1. Outdoor
10.4.2. Indoor
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Network Devices Market Size and Volume Forecast by Applications
10.7.1. Transportation Networking
10.7.2. Industrial Networking
10.7.3. Enterprise Networking
10.7.4. Commercial Networking
10.7.5. Residential Networking
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Network Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Network Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Network Devices Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Network Devices Market Size and Volume Forecast by Types
11.4.1. Outdoor
11.4.2. Indoor
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Network Devices Market Size and Volume Forecast by Applications
11.7.1. Transportation Networking
11.7.2. Industrial Networking
11.7.3. Enterprise Networking
11.7.4. Commercial Networking
11.7.5. Residential Networking
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Network Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Network Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Network Devices Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Network Devices Market Size and Volume Forecast by Types
12.4.1. Outdoor
12.4.2. Indoor
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Network Devices Market Size and Volume Forecast by Applications
12.7.1. Transportation Networking
12.7.2. Industrial Networking
12.7.3. Enterprise Networking
12.7.4. Commercial Networking
12.7.5. Residential Networking
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Network Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Network Devices Market: Market Share Analysis
13.2. Network Devices Distributors and Customers
13.3. Network Devices Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. TP-LINK
13.4.2. Teltokina Networks
13.4.3. Sierra Wireless
13.4.4. Siemens
13.4.5. Schneider Electric
13.4.6. Robustel
13.4.7. Nokia
13.4.8. Multitech
Methodology
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