Network devices

Network Devices Market by Connectivity, Device Type, Application and Geography – Global Forecast to 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Network Devices Market by Connectivity (WiFi, Cellular, LoRa, ZigBee, Bluetooth), Device Type (Router, Gateway, Access Point), Application (Residential, Commercial, Enterprise, Industrial, Transportation) and Geography – Global Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

Network Devices Market is expected to grow from USD 26.4 billion in 2022 and is expected to reach USD 36.4 billion by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period.

The WiFi hotspot market will have the highest CAGR during the forecast period.

The network device market for WiFi hotspot is expected to grow at the highest CAGR during the forecast period. The increasing inclination towards smartphones, laptops and tablets is creating an increase in demand for Internet service providers and access point (AP) providers.

This should result in a conducive environment for the hotspot market. Rising demand for hotspots to enhance digital infrastructure in commercial and enterprise sectors in India, China, and Japan is expected to drive the hotspot market. Favorable government initiatives to promote digitalization and industrialization of developing economies will also have a positive influence on the market. AP devices have become necessary for many businesses, institutions and individuals. Using hotspots can help eliminate problems with poor Wi-Fi coverage, slow connectivity, dead zones, and weak signals.

The outdoor network devices segment will experience higher growth throughout the forecast period.

The vast majority of deployed routers are neither rugged nor weatherproof and are deployed in indoor environments such as homes, retail stores, manufacturing facilities, and offices. In fact, almost all network devices (especially gateways) are deployed indoors. Wi-Fi is not suitable for long range outdoor use and outdoor routers use cellular connectivity.

Outdoor 4G/LTE routers are ideal for providing optimal network connectivity to outdoor environments such as oil and mining sites, and for serving as reliable communication networks for mission-critical communication applications. 4G LTE routers can also provide an excellent 4G LTE connection allowing instant POS setup for credit card access in remote areas where there is no fixed internet connection. Since cellular and outdoor routers and access points are comparatively more expensive than indoor WiFi routers, the indoor router segment held the largest market share.

The industrial applications market is expected to grow at the highest CAGR during the forecast period.

The industrial networking market is expected to register the highest CAGR during the forecast period. Industrial applications primarily include utilities (energy and water) and automated manufacturing. Industrial networks deal with large-scale data transfer.

Since the inception of Industry 4.0, the penetration of AI and IIoT technologies in the manufacturing sector has increased rapidly. Systems integrated with AI and IIoT help optimize manufacturing processes, send early warnings, help with quality control, and predict equipment failures in machines. By gathering accurate data, manufacturers can develop innovative AI applications to differentiate themselves from their competitors.

The APAC market is expected to grow at the highest CAGR during the forecast period.

The network device market in APAC is expected to witness the fastest growth over the forecast period. The APAC region is a leading industrial hub and an emerging and important market for several other sectors as well. Growing internet penetration in commercial and industrial spaces, along with increasing reach of wireless connectivity and improving IT infrastructure, are among the major drivers driving the growth of the network devices market in APAC.

Market dynamics

Drivers

  • Increased focus on digital transformation in various sectors

  • Global growth in the number of Internet users

  • Growing adoption of the Cyod trend due to the COVID-19 pandemic

  • Continuous development of Wi-Fi standards

Constraints

  • Contention Loss and Co-Channel Interference in Wifi Access Points

  • Network Device Hardware Supply Chain Disruption Due to COVID-19

Opportunities

  • Increased demand for carrier Wi-Fi

  • Developing wireless networks with the advent of Industry 4.0 and Iiot

  • Increase emergence of connectivity for smart homes

  • Growing Adoption of Connected Devices in Hospitality and Education Sectors

Challenges

  • Poor user experience in high density environments

  • Data security and privacy issues in open networks

Companies cited

  • Adtran

  • Advantech

  • Asustek computer

  • Belkin International

  • Home systems

  • Cisco Systems

  • Cradle point

  • D-Link

  • International Digi

  • Extreme networks

  • General Electric

  • Hms networks

  • HP Company

  • Huawei

  • Inseego

  • Juniper Networks

  • Lantronix

  • Lynx Technologies

  • Moxa

  • Multitech

  • nokia

  • Robustel

  • Schneider-Electric

  • Siemens

  • sierra wireless

  • Teltonika

  • Tp-Link Technologies

For more information about this report, visit https://www.researchandmarkets.com/r/t12ltn.


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