Key Trend Reshaping the Network Devices Market in 2025: Technological Innovations Reshaping Network Device Dynamics

What industry-specific factors are fueling the growth of the network devices market?
The increasing adoption of smartphones alongside the continuous growth of digitalization is anticipated to push the expansion of the network devices market. Digitalization is being employed more broadly to establish innovative business practices, cultures, customer experiences, or to adapt current ones to cater to changing corporate and market demands. The desire for smartphones is swelling due to increasing internet access, growth in social media subscriptions, higher income levels, enhanced communication requirements, and so on. During the COVID-19 outbreak, the use of smartphones and digitalization soared due to prolonged lockdowns and the rise of remote working conditions. This surge in smartphones and digitalization calls for network devices that can efficiently transmit data between devices. For example, in 2023, it was estimated that 92% of Americans possessed a smartphone, indicating a considerable rise in mobile device usage. Moreover, as per the World Economic Forum, it has been projected that digital transformation would contribute a staggering $100 trillion to the global economy by 2025, thus emphasizing its essential influence on the demand for network devices. Furthermore, by 2023, the reported number of internet users globally hit 5.4 billion, seeing a rise from 5.3 billion the year before, thereby further demonstrating the growing necessity for efficient network solutions. Consequently, the surge in the use of smartphones alongside expanding digitalization is set to fuel the growth of the network devices market.

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What is the future CAGR of the network devices market, and how will it impact industry expansion?
The expansion of the network devices industry has been consistently stable over recent years. The industry, worth $29.84 billion in 2024, is projected to increase to a value of $31.33 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. Factors like the spread of the Internet, the switch to broadband, the boom in wireless technology, the deployment of 5G, and the growth of IoT have all contributed to the growth seen in the historic period.

The market for network devices is projected to witness a swift surge in the coming years, expanding to $46.02 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%. This expected growth during the forecast period can be credited to security-focused design, sustainable IPv6 adoption and green networking, along with shifting connectivity norms. Prevalent trends during this same period include the proliferation of early networking technologies from before 1990, widespread use of Wi-Fi 6 and 6E technology, escalating demand for edge computing devices, and an intensified emphasis on network security appliances.

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What new trends are reshaping the network devices market and its opportunities?
Advancements in technology emerge as a leading trend in the network devices sector. Key players in this market are introducing innovative products, such as SD-WAN, to stimulate the demand for network devices. SD-WAN, a type of virtual wide area network, allows companies to use a combination of services like MPLS, LTE, and broadband internet services, for secure user to application connectivity. This facilitates enhanced user experience and application performance, increases business productivity, ensures agility, and reduces IT costs. As an example, in May 2022, Nokia, a Finland-based conglomerate that deals in telecommunications, IT, and consumer electronics, collaborated with Saudi Arabia's digital telecommunication services provider, STC (Saudi Telecommunication Company), to launch stc SD-WAN. This will equip the company's IT and OT to tweak their network services as per the rapidly shifting business scenarios. The ultimate goal of this program is to facilitate the cloud migration and digital transformation process for its enterprise customers.

What major market segments define the scope and growth of the network devices market?
The network devices market covered in this report is segmented -

1) By Device Type: Router, Gateway, Access Point
2) By Type: Wired, Wireless
3) By Connectivity: Wi-Fi, Cellular, LoRa, ZigBee, Bluetooth, Other Connectivities
4) By Application: Residential, Commercial, Enterprise, Industrial, Transportation

Subsegments:
1) By Router: Wired Routers, Wireless Routers, Core Routers, Edge Routers
2) By Gateway: Network Gateways, Iot Gateways, Security Gateways, Protocol Gateways
3) By Access Point: Wireless Access Points (WAPs), Indoor Access Points, Outdoor Access Points, Controller-Based Access Points

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Which region dominates the network devices market?
North America was the largest region in the network devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the network devices industry growth?
Major companies operating in the network devices market include Dell Technologies, Huawei, Siemens AG, Cisco Systems, Hewlett Packard Enterprise, Juniper Networks, Fortinet, Arista Networks, Avaya, F5 Networks, Brocade Communications (via Broadcom), Ubiquiti, Extreme Networks, Zyxel Communications, Netscout, D-Link, SonicWall, Riverbed Technology, Barracuda Networks, Allied Telesis, Ruckus Networks, Cradlepoint, Aerohive Networks, WatchGuard Technologies, TP-Link Technologies.

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What Is Covered In The Network Devices Global Market Report?

•Market Size Forecast: Examine the network devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the network devices market for a structured understanding.
•Key Players Overview: Analyze major players in the network devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the network devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the network devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the network devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the network devices market.
•Competitive Landscape: Review strategic developments in the network devices market, including expansions, agreements, and new product launches.

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