Press release
Global Broadband Network Gateway Market to Reach 3.66 Billion by 2029, Growing at 13.8% CAGR
Broadband Network Gateway Market
The broadband network gateway market has grown rapidly in recent years. It is projected to increase from $1.91 billion in 2024 to $2.18 billion in 2025, at a CAGR of 14.2%. The market's past growth was fueled by smart city initiatives, the widespread adoption of smart devices, continuous advancements in broadband services, the shift toward network disaggregation, and increasing reliance on cloud services.
The broadband network gateway market is forecasted to grow to $3.66 billion by 2029, with a CAGR of 13.8%. The growth is driven by cloud-native solutions, faster broadband speeds, and the rise of 5G networks. Key trends include technological advancements, high-quality product launches, and industry collaborations.
What Factors Are Fueling Growth in the Broadband Network Gateway Market?
The increasing use of smartphones is expected to drive the growth of the broadband network gateway market. Smartphones are increasingly integral in daily life, enabling activities like remote work, education, and e-commerce. Broadband network gateways provide the necessary infrastructure to ensure seamless internet access to smartphones, offering security and reliability. For example, global smartphone user numbers are expected to rise from 7.1 billion in 2024 to 7.7 billion by 2027. As smartphone use grows, so does the demand for broadband network gateways to provide secure and uninterrupted connectivity.
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Which Leading Companies Are Shaping the Growth of the Broadband Network Gateway Market?
Major companies operating in the broadband network gateway market report are Verizon Communications Inc.; Comcast Corporation; AT&T Inc.; Huawei Technologies Co. Ltd.; Charter Communications Inc.; Cisco Systems Inc.; Hewlett Packard Enterprise Development LP; Nokia Corporation; ASUSTeK Computer Inc.; Lumen Technologies Inc.; Cox Communications Inc.; Altice USA Inc.; Windstream Holdings Inc.; Frontier Communications Parent Inc.; Juniper Networks Inc.; Arista Networks Inc.; Mediacom Communications Corporation; Zayo Group Holdings Inc.; Astound Broadband; NETGEAR Inc.; WideOpenWest Finance LLC; Cogent Communications Holdings Inc.; GTT Communications Inc.; New H3C Technologies Co. Ltd.
What Are the Major Trends Shaping the Broadband Network Gateway Market?
Leading firms in the broadband network gateway market are advancing solutions such as 5G business gateways to gain a competitive edge. The 5G business gateway is a sophisticated networking device that allows enterprises to seamlessly harness the power of 5G technology. For instance, in May 2023, BEC Technologies Inc., a US-based developer of cutting-edge wired and wireless IP networking solutions, introduced the 5G Business Gateway. Built on 3GPP Release 16, this gateway integrates state-of-the-art 5G features, providing enterprises with a robust solution to enhance performance and efficiency in 5G deployment. The device includes a dual SIM interface, enabling businesses to utilize multiple carriers for uninterrupted connectivity while minimizing network failure risks. Additionally, it features two customizable Gigabit Ethernet ports, allowing companies to tailor their network setup as needed.
What Are the Key Segments of the Broadband Network Gateway Market?
The broadband network gateway market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Connection: Wired, Wireless
3) By Technology: Bluetooth, WIFI, Worldwide Interoperability for Microwave Access (Wi-MAX), Near-field communication (NFC), Zigbee, Other Technologies
4) By Application: Residential Broadband, Business Broadband
5) By End-User Size: Small And Medium-Sized Enterprises (SMEs), Big Businesses
Subsegments:
1) By Hardware: Routers, Switches, Network Interface Cards, Other Hardware
2) By Software: Network Management Software, Security Software, Traffic Management Software, Other Software
3) By Services: Professional Services, Managed Services, Support And Maintenance Services
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Which Region Dominates the Broadband Network Gateway Market?
Asia-Pacific was the largest region in the broadband network gateway market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broadband network gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Broadband Network Gateway Global Market Report?
- Market Size Analysis: Analyze the Broadband Network Gateway Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Broadband Network Gateway Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Broadband Network Gateway Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Broadband Network Gateway Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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