Press release
Broadband Network Gateway Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Broadband Network Gateway Market
What Is the Projected Growth of the Broadband Network Gateway Market?
The market size for the broadband network gateway has experienced a quick surge in recent years. The projection suggests it will expand from $1.91 billion in 2024 to $2.18 billion in 2025, boasting a compound annual growth rate (CAGR) of 14.2%. The augment during the historical period can be linked to the surge in smart city initiatives, increasing embrace of smart devices, continual progression in broadband services, the upswing in network disaggregation, and a noticeable shift towards cloud services.
The market size of broadband network gateway is predicted to undergo swift expansion in the ensuing years, with projections indicating a rise to $3.66 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 13.8%. The growth during this forecasted period is credited to rising demand for cloud-native distributed broadband network gateway, amplified speed in broadband networks, surging utilization of wireless systems which boosts market demand, and escalating use of devices like smartphones, tablets etc., along with the expansion of 5G network technologies. Notable trends during the forecast period encompass technological progression, introduction of superior products, formation of partnerships and collaborations, as well as patents and events.
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What Are the Different Broadband Network Gateway Market Segments?
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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What Are the Primary Drivers Shaping the Broadband Network Gateway Market?
The growth of the broadband network gateway market is expected to be driven by the rising use of smartphone devices. Smartphones are mobile units that offer advanced computing abilities in addition to the basic features of a conventional cell phone. The surge in smartphone usage can be attributed to factors such as enhanced connectivity, the rise of remote work and learning, e-commerce and digital services, and their affordability. Broadband network gateways offer uninterrupted internet access to smartphones by implementing various security procedures such as packet filtering, monitoring for unusual activity, and preventing unauthorized entry. These gateways guarantee constant connectivity, regardless of location, leading to an improved user experience. For example, data from Demandsage, a non-government organization based in the US, indicates that the global count of smartphone users is expected to reach 7.10 billion in 2024 and further increase to 7.70 billion by 2027. Furthermore, the smartphone penetration rate in the US is projected to rise to 82.20% in 2023 from 76.50% in 2022. Thus, the escalating usage of smartphone devices is fueling the expansion of the broadband network gateway market.
Which Companies Are Leading in 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 Trends Are Expected to Dominate the Broadband Network Gateway Market in the Next 5 Years?
Leading businesses within the broadband network gateway market are creating superior solutions such as the 5G business gateway in order to stay competitive. Essentially, the 5G business gateway is a high-tech networking gadget designed to let companies efficiently use the potential of 5G technology. For example, BEC Technologies Inc., a U.S-based firm that designs and manufactures high-tech wired and wireless IP networking solutions, launched its own 5G Business Gateway in May 2023. This gateway, based on 3GPP Release 16, incorporates the newest 5G capabilities designed to optimize the performance and effectiveness of firms' 5G operations. The dual SIM feature of the gateway allows companies to engage multiple carriers, thus enhancing consistent connectivity and decreasing the potential for network disruptions. The gateway comes with a pair of customizable Gigabit Ethernet ports, giving firms the flexibility to adjust their network configurations as per their requirements.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Broadband Network Gateway Market?
2. What is the CAGR expected in the Broadband Network Gateway Market?
3. What Are the Key Innovations Transforming the Broadband Network Gateway Industry?
4. Which Region Is Leading the Broadband Network Gateway Market?
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