Press release
Global Networking Equipment Market is Expected to Grow at a CAGR of over 4.41% | During 2022-2028 | Vantage Market Research
According to Vantage market research the global Networking Equipment market was valued at USD 18.52 Billion in 2020 and is projected to reach USD 26.32 Billion by 2028, growing at a CAGR of 4.41% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 4.41% size of the Networking Equipment Market at the end of the forecast period.
• The Global Networking Equipment market is predicted to reach a value of USD 26.32 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Networking hardware, also known as network equipment or computer networking devices, are electronic devices required for communication and interaction between devices on a computer network. Specifically, they mediate data transmission across computer networks. Growth in the adoption of cloud-based and virtualization services across the globe and increasing number of data centers is anticipated to drive the growth of the networking equipment market over the forecast period.
Market Segmentation:
By Product type:
• Switches
• Routers
• Modem
• Set-Top Boxes
By Application:
• Residential
• Industrial Manufacturing
• Others
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COVID-19 Impact Analysis of Networking Equipment Market:
The outbreak of COVID-19 has affected various industries across the world. The networking equipment market is no exception. Governments around the world took serious action such as border seals, lockdowns and strict social distancing measures to contain the rapid spread of COVID-19. These actions had a serious impact on the global economy. Industrialists around the world were forced to shut down their production, disrupting supply chains and causing damage to various industries.
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The Networking Equipment market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Networking Equipment Market:
• Cisco
• HP
• Juniper
• Pace
• Brocade
• Avaya
• TP-Link
• NEC
• Arris
• Netgear
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Reasons for buying this Networking Equipment Market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Networking Equipment market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Networking Equipment market and provides possible solutions to those problems.
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We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out the constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company's experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyze information.
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