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The Worldwide Network Devices Industry is Expected to Reach $38.4 Billion by 2028

·9-min read
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Dublin, Aug. 26, 2022 (GLOBE NEWSWIRE) -- The "Global Network Devices Market Size, Share & Industry Trends Analysis Report By Type, By Connectivity (WiFi, Cellular, WiFi + Others, Long Range Radio (LoRa)), By Application, By Device Type, By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The Global Network Devices Market size is expected to reach $38.4 billion by 2028, rising at a market growth of 6.3% CAGR during the forecast period.

Network devices, often known as network equipment, are many types of electronic devices that are utilized in networking. These kinds of devices are primarily deployed in computer networks to send and receive data swiftly and securely between computers, printers, fax machines, and other devices. Such devices could be intranet or internetwork devices. Certain devices are mounted on the device, like RJ45 connectors or NIC cards, while others are part of the network, like switches and routers. These are specialized devices that manage digital or electrical connections in order to execute their unique functions effectively.

Numerous ports may be available on APs, which could be utilized to expand the network's capacity, firewall features, and Dynamic Host Configuration Protocol (DHCP) service. As a result, companies have access points that operate as a switch, router, DHCP server, and firewall. A service set identifier (SSID) name is required to access a wireless AP. The SSID is used by 802.11 wireless networks to distinguish all systems that connect to the same network, and consumer stations should be set with the SSID in order to connect to the AP. The AP may broadcast the SSID, making it visible to any wireless users.

But, APs could be set not to transmit the SSID for security reasons, which implies that an administrator must provide the SSID to consumer systems rather than letting it be detected automatically. SSIDs, channels, passwords, security settings, and usernames are all set by default on wireless devices. Since numerous internet sites display the default settings utilized by manufacturers, it is highly recommended that users change such default settings as quickly as possible for security purposes.

There are two types of access points: fat and skinny. Fat APs, which are still often known as autonomous APs, must be manually set up with network and security settings before being left to serve customers until they can no longer function. Thin APs can be configured remotely utilizing a controller. Thin clients can be readily adjusted and managed because they do not require manual configuration. Controller-based and stand-alone access points are both possible.

COVID-19 Impact Analysis

This dilemma has impacted many end-use verticals that use network devices. The disruption in supply chain across the world has negatively impacted the demand and growth of the network devices market. In addition, the rapid pace of the digitalization among companies and individuals is expected to augment the demand for network devices in the world.

The network devices market began to show indications of recovery by the end of 2020, with R&D and growth efforts returning in 2021. These ongoing innovations were predicted to aid the market's recovery in the coming years. As a result, a reasonable growth rate has been set, as the overall network devices market is likely to recover from the impact of the COVID-19 pandemic.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The below illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.

Market Growth Factors:

The rise in the number of internet users

Due to the expanding smartphone penetration and improved connectivity, the number of internet users worldwide is continuously rising. Seek for network devices is anticipated to rise as consumers demand more connected devices, which need advanced Internet connections for flawless performance. While this is opening up prospects for broadband and telecom businesses, they still have a difficult time keeping up with customer demands for network uptime, capacity, and latency in a cutthroat market.

With the aid of improved network equipment, which might offer the necessary connectivity bandwidth, security, and network dependability, players are investing substantially to take advantage of these new opportunities. The development of cellular-based network devices is anticipated to be fueled by telecom companies' growing investments in wireless network infrastructure.

The rapid pace of technological advancements in the telecom industry and home networking devices

The primary elements that are anticipated to propel the expansion of the home networking market are the development of cutting-edge connected items and the low pricing of such devices. To accept print commands from numerous networks and to increase network security system, the system offers several access points to networked devices and home networking equipment, such as printers.

These elements contribute to the market for network devices operating more effectively. Along with that, many companies are investing in the advancements of their devices to gain more consumer attention. As a single system can control several devices at once, like Wi-Fi, which provides data to numerous devices at a time, it is possible that telecommunications and IT make up the largest portion of sales of home networking devices.

Marketing Restraining Factor:

Rising concerns related to data security and privacy in open networks

One of the main issues for many firms is data privacy. Businesses are looking for stronger security and privacy choices to safeguard their networks from online dangers including corporate monitoring, data breaches, and data theft because of the dramatic increase in data volumes. Each endpoint, sensor, gateway, and smartphone has now become a possible target for hackers as a result of the increasing number of systems, which has also led to security and privacy vulnerabilities. Security is a crucial element to take into account when building Wi-Fi networks because the WLAN network gives access to many smart devices.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move (Partnerships, Collaborations and Agreements 2018, Mar - 2022, Mar) Leading Players

Chapter 4. Global Network Devices Market by Type
4.1 Global Indoor Market by Region
4.2 Global Outdoor Market by Region

Chapter 5. Global Network Devices Market by Connectivity
5.1 Global WiFi Market by Region
5.2 Global Cellular Market by Region
5.3 Global WiFi + Others Market by Region
5.4 Global Long Range Radio (LoRa) Market by Region
5.5 Global Others Market by Region

Chapter 6. Global Network Devices Market by Application
6.1 Global Enterprise Networking Market by Region
6.2 Global Residential Networking Market by Region
6.3 Global Industrial Networking Market by Region
6.4 Global Commercial Networking Market by Region
6.5 Global Transportation Networking Market by Region

Chapter 7. Global Network Devices Market by Device Type
7.1 Global Routers Market by Region
7.2 Global Gateways Market by Region
7.3 Global Access Points Market by Region

Chapter 8. Global Network Devices Market by Region

Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments
9.1.5.1 Partnerships, Collaborations, and Agreements
9.1.5.2 Product Launches and Product Expansions
9.1.5.3 Acquisition and Mergers
9.1.6 SWOT Analysis
9.2 Siemens AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Schneider Electric SE
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental And Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments
9.3.5.1 Partnerships, Collaborations, and Agreements
9.3.6 SWOT Analysis
9.4 General Electric (GE) Co.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 TE Connectivity Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 Hewlett Packard Enterprise Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Juniper Networks, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments
9.7.5.1 Partnerships, Collaborations, and Agreements
9.7.5.2 Product Launches and Product Expansions
9.8 ADTRAN, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional and Segmental Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments
9.8.5.1 Partnerships, Collaborations, and Agreements
9.8.5.2 Acquisition and Mergers
9.9 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments
9.9.5.1 Product Launches and Product Expansions
9.1 Digi International, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional and Segmental Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments
9.10.5.1 Product Launches and Product Expansions
9.11 Ericsson AB (Cradlepoint)
9.11.1 Company Overview
9.11.2 Financial Analysis
9.11.3 Segmental and Regional Analysis
9.11.4 Research & Development Expense

For more information about this report visit https://www.researchandmarkets.com/r/wg6a5o

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