Network Equipment Market Report 2025 (Global Edition)

Global Network Equipment Market Report 2025 Market Size Split by Type (Switches, Routers, Gateway, Fiber Optic Equipment, Others), by Enterprise size (Large Enterprises, Small and Medium-sized Enterpr...

Network Equipment Market Report Description

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Network Equipment Market Insights Video

Competitive Landscape of the Network Equipment Market

The competitive landscape is also shaped by emerging trends such as the integration of artificial intelligence (AI) and machine learning (ML) into network management, the rise of software-defined networking (SDN), and the increasing importance of cybersecurity. Companies are increasingly adopting these technologies to improve network performance, enhance security, and reduce operational costs.

October 2022: A fiber to the x (FTTx) and connected home-themed series of broadband solutions and products were introduced by ZTE Corporation, a global provider of information and communication technology solutions, at an event held in conjunction with Networks X in Amsterdam, the Netherlands. (Source: https://ir.amkor.com/news-releases/news-release-details/amkor-technology-signs-commitment-science-based-targets) July 2022 : Alcatel-Lucent Enterprise (ALE), a provider of communications, cloud, and networking solutions tailored to customers' industries, is working with SBP Digital Service Company Limited (SBP), a division of Boonrawd Supply Chain Company Limited, to enhance the development of various management systems using standards-based network hardware. (Source: https://www.al-enterprise.com/en/company/news/ale-sbp-partnership)

Top Companies Market Share in Network Equipment Industry: (In no particular order of Rank)

• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• Samsung Electronics Co.
• Ltd.
• ZTE Corporation
• Juniper Networks
• Inc.
• Huawei Technologies Co.
• Ltd.
• Cisco Systems
• Inc.
• Hewlett Packard Enterprise Development LP
• Broadcom
• ALE International (Alcatel-Lucent)
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Network Equipment Market

Which Region Dominates the Network Equipment Market in 2024?

According to Cognitive Market Research, North America is the dominant region in the Network Equipment Market due to several key factors. The region boasts advanced technological infrastructure and a high rate of digital adoption across various sectors, including enterprise, healthcare, and education. Leading technology companies and a strong presence of major network equipment manufacturers in North America drive innovation and market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Network Equipment Market due to rapid urbanization, economic growth, and increasing technological adoption. The region is experiencing significant infrastructure development, driven by government initiatives and investments in smart cities and digital transformation projects. Expanding economies and a growing middle class in countries like China, India, and Southeast Asian nations fuel the demand for advanced network equipment.

The current report Scope analyzes Network Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Network Equipment Market

According to Cognitive Market Research, the global Network Equipment market size was estimated at USD 145845.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 58338.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Network Equipment market with a market size of USD 46028.84 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The nation's increasing demand for advanced connectivity solutions and expanding digital infrastructure.
• The Canada Network Equipment market had a market share of USD 7000.58 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's increasing demand for advanced connectivity solutions and expanding digital infrastructure.
• The Mexico Network Equipment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 5308.78 million in 2024.

Europe Network Equipment Market

According to Cognitive Market Research, the global Network Equipment market size was estimated at USD 145845.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 43753.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Network Equipment market had a market share of USD 7350.61 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Network Equipment sales witness an upswing due to the nation's heightened investments in digital transformation and smart infrastructure.
• The France Network Equipment market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 4025.34 million in 2024.
• According to Cognitive Market Research, the German Network Equipment market size was valued at USD 8663.22 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Network Equipment surged due to the heightened investments in digital transformation and smart infrastructure.
• The Italy Network Equipment market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 3762.81 million in 2024.
• The Russia Network Equipment market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 6781.82 million in 2024.
• The Spain Network Equipment market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 3587.80 million in 2024
• The Luxembourg Network Equipment market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 1356.36million in 2024.
• The Portugal Network Equipment market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 918.83 million in 2024.
• The Greece Network Equipment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 525.04 million in 2024.
• Rest of Europe's Network Equipment market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 6781.82 million in 2024.

Asia Pacific Network Equipment Market

According to Cognitive Market Research, the global Network Equipment market size was estimated at USD 145845.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 33544.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Network Equipment market size was valued at USD 15095.01 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Network Equipment surged in China due to the rapid urbanization and increasing digital infrastructure investments.
• The Japan Network Equipment market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 4629.14 million in 2024.
• The India Network Equipment market had a market share of USD 4025.34 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. India's rapid urbanization and increasing digital infrastructure investments.
• The South Korean Network Equipment market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 3354.45 million in 2024.
• The Australian Network Equipment market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1744.31 million in 2024.
• The South East Asia Network Equipment market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2314.57 million in 2024.
• The Rest of Asia Pacific Network Equipment market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 2381.66 million in 2024.

South America Network Equipment Market

According to Cognitive Market Research, the global Network Equipment market size was estimated at USD 145845.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 7292.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Network Equipment market size was valued at USD 3121.09 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Network Equipments flourished in Brazil due to the growing digitalization and infrastructure development.
• Argentina's Network Equipment market had a market share of USD 1225.10 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's growing digitalization and infrastructure development.
• Colombia Network Equipment market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 649.01 million in 2024.
• Peru Network Equipment market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 597.97 million in 2024.
• Chile Network Equipment market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 525.04 million in 2024.
• The Rest of Latin America's Network Equipment market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 1174.06 million in 2024.

Middle East Network Equipment Market

According to Cognitive Market Research, the global Network Equipment market size was estimated at USD 145845.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2916.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Network Equipment market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1248.44 million in 2024. Network Equipment sales flourish due to the increasing investments in infrastructure and the expanding demand for digital connectivity.
• The Egypt Network Equipment market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 306.28 million in 2024.
• The South Africa Network Equipment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 460.87 million in 2024. Network Equipment sales flourish in South Africa due to increasing investments in infrastructure and the expanding demand for digital connectivity.
• The Turkey Network Equipment market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 250.85 million in 2024.
• The Nigeria Network Equipment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 306.28 million in 2024.
• The Rest of MEA Network Equipment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 344.20 million in 2024.

Network Equipment Market Analysis

Network Equipment Market Type Segment Analysis

According to Cognitive Market Research, switches are the dominant category due to their critical role in managing data traffic within local area networks (LANs). They facilitate the efficient routing of data packets between devices, reducing network congestion and enhancing overall performance. Switches are essential in both enterprise and data center environments, where high-speed and reliable data transfer is crucial. Their widespread use across various industries and their integration into network infrastructure make them a fundamental component of network setups, contributing significantly to their dominance in the market.

Fiber optic equipment is the fastest-growing category in the Network Equipment Market, driven by the increasing demand for high-speed internet and data transmission. Fiber optics offer superior bandwidth and faster data transfer rates compared to traditional copper cables, making them essential for supporting advanced applications like 5G, cloud computing, and high-definition video streaming. The expansion of fiber optic networks and the push for faster and more reliable internet connections fuel this growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Network Equipment Industry. Request a Free Sample PDF!

Network Equipment Market Enterprise size Segment Analysis

According to Cognitive Market Research, large enterprises are the dominant category due to their extensive network infrastructure needs. Large organizations typically have complex network requirements involving high volumes of data traffic, multiple locations, and a wide range of applications. This necessitates robust and scalable network solutions, such as advanced switches, routers, and security devices, which are integral to maintaining operational efficiency and security.

Small and medium-sized enterprises (SMEs) are the fastest-growing category in the Network Equipment Market. The rapid adoption of digital technologies and cloud services by SMEs is driving this growth, as these businesses seek affordable and scalable network solutions to enhance their connectivity and operational efficiency. Advances in technology have made high-quality network equipment more accessible and cost-effective for SMEs, enabling them to compete more effectively in a digital landscape.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Network Equipment Application Segment Analysis

Network Equipment Market Application Segment Analysis

According to Cognitive Market Research, the IT and Telecom sector is the dominant application category. This dominance stems from the critical role that network infrastructure plays in supporting the massive data traffic and communication needs of this industry. The continuous expansion of telecom networks and the growing demand for high-speed internet and data services drive the need for advanced networking equipment, including high-capacity routers, switches, and fiber optic equipment.

Retail and e-commerce are the fastest-growing application categories in the Network Equipment Market. The surge in online shopping and the increasing integration of digital technologies in retail operations are driving this rapid growth. As retailers and e-commerce platforms expand their online presence and enhance their digital infrastructure, they require robust network solutions to support secure transactions, manage large volumes of data, and deliver a seamless customer experience.

• IT and Telecom
• BFSI
• Retail and E-commerce
• Government and Defense
• Manufacturing
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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