Dublin, Aug. 26, 2022 (GLOBE NEWSWIRE) — Global Networking Equipment Market Size, Share and Industry Trends Analysis Report by Type, by Connectivity (WiFi, Cellular, WiFi + Other, Long Range Radio ( LoRa)), by Application, by Device Type, by Forecast and Regional Forecast, 2022-2028″ report has been added to ResearchAndMarkets.com’s The offer of
The global network equipment market size is expected to reach USD 38.4 billion by 2028, growing at a market growth of 6.3% CAGR during the forecast period.
Network devices, often known as network devices, are many types of electronic devices that are used on a network. These types of devices are mainly placed on computer networks to send and receive data quickly and securely between computers, printers, fax machines and other devices. Such devices may be intranet or Internet devices. Some devices are built into devices, such as RJ45 connectors or NIC cards, while others are part of the network, such as switches and routers. These are specialized devices that manage digital or electrical connections in order to execute their unique functions effectively.
Multiple ports may be available on the AP, which can be used to expand network capacity, firewall features, and Dynamic Host Configuration Protocol (DHCP) service. As a result, companies have access points that function as switches, routers, DHCP servers, and firewalls. 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 connected to the same network, and client stations must be assigned the SSID to connect to the AP. The AP can broadcast the SSID, making it visible to any wireless user.
But APs can be set not to broadcast the SSID for security reasons, which means an administrator must provide the SSID to consumer systems instead of letting it be auto-detected. SSIDs, channels, passwords, security settings, and usernames are all set by default on wireless devices. Since many websites display default settings used by manufacturers, it is highly recommended that users change these default settings as soon as possible for security purposes.
There are two types of access points: fat and skinny. Healthy APs, which are still often known as standalone APs, must be manually configured with network and security settings before being left to serve clients until they are no longer functional. Thin APs can be configured remotely using a controller. Thin clients can be easily configured and managed because they do not require manual configuration. Controller-based and stand-alone access points are both possible.
Analysis of the impact of COVID-19
This dilemma has affected many end-use verticals that use network equipment. Disruption in the supply chain across the world has adversely affected the demand and growth of the network equipment market. Furthermore, the rapid pace of digitization among companies and individuals is expected to increase the demand for network equipment in the world.
The network equipment market started to show indications of recovery by the end of 2020, with R&D efforts and growth returning in 2021. These continued innovations were predicted to help the market recover in the coming years. As a result, a reasonable growth rate is set, as the overall network equipment market is likely to recover from the impact of the COVID-19 pandemic.
Major players in the market are competing with various innovative offerings to remain competitive in the market. The illustration below shows the percentage of revenue shared by some of the leading companies in the market. Major market players are adopting different strategies to meet the demand coming from different industries. The main development strategies in the market are Partnerships and Collaborations.
Market Growth Factors:
Increase in the number of Internet users
Due to the expansion of smartphone penetration and improved connectivity, the number of Internet users worldwide is constantly increasing. The demand for networking equipment is expected to increase as consumers demand more connected devices, which need advanced Internet connections for perfect performance. While this is opening up prospects for broadband and telecom businesses, they still struggle to keep up with customer demands for network uptime, capacity and latency in a tough market.
With the help of improved network equipment, which can provide the necessary connection bandwidth, network security and reliability, players are investing significantly to take advantage of these new opportunities. The development of cellular-based network equipment is expected to be driven by the increasing investments of telecom companies in wireless network infrastructure.
The rapid pace of technological advancements in the telecom industry and home networking equipment
The key elements expected to drive the expansion of the home networking market are the development of latest connected items and the low price of such devices. To accept print commands from multiple networks and increase network security, the system provides multiple access points to network-connected devices and home network devices, such as printers.
These elements contribute to the market for network equipment that works more effectively. Along with this, many companies are investing in the advancements of their devices to gain more consumer attention. Since a single system can control several devices at the same time, such as Wi-Fi, which provides data to multiple devices at the same time, it is possible that telecommunications and IT will make up the majority of sales of home network equipment.
Marketing limiting factor:
Growing concerns about data security and privacy on open networks
One of the main issues for many firms is data privacy. Businesses are seeking stronger security and privacy choices to protect their networks from online risks, including corporate surveillance, data breaches and data theft due to the dramatic increase in data volumes. Every endpoint, sensor, gateway and smartphone has now become a potential target for hackers as a result of the increasing number of systems, which has also led to security and privacy vulnerabilities. Security is an essential element to consider when building Wi-Fi networks because the WLAN network gives access to many smart devices.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market overview
18.104.22.168 Market composition and scenario
2.2 Main factors influencing the market
2.2.1 Market leaders
2.2.2 Market restrictions
Chapter 3. Competitive analysis – global
3.1 Cardinal matrix
3.2 Recent industry-wide strategic developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launch and Product Expansion
3.2.3 Acquisition and mergers
3.3 Market Share Analysis, 2021
3.4 Main winning strategies
3.4.1 Key Key Strategies Share in Percentage (2018-2022)
3.4.2 Key strategic move (Partnerships, Collaborations and Agreements 2018, March – 2022, March) Key Players
Chapter 4. Global Network Equipment Market by Type
4.1 Global domestic market by region
4.2 Global outdoor market by region
Chapter 5. Global Networking Equipment Market by Connectivity
5.1 Global WiFi Market by Region
5.2 Global Mobile 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 Equipment Market by Application
6.1 Global Enterprise Networks Market by Region
6.2 Global residential networking market by region
6.3 Global Industrial Networks Market by Region
6.4 Global Trading Networks Market by Region
6.5 Global Transport Networks Market by Region
Chapter 7. Global Network Equipment Market by Device Type
7.1 Global Router Market by Region
7.2 Global Gateways Market by Regions
7.3 Global Access Points Market by Region
Chapter 8. Global Network Equipment Market by Region
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Summary
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research and Development Expenses
9.1.5 Strategies and recent developments
22.214.171.124 Partnerships, Collaborations and Agreements
126.96.36.199 Product Launch and Product Expansion
188.8.131.52 Acquisition and mergers
9.1.6 SWOT analysis
9.2 Siemens AG
9.2.1 Company Summary
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research and Development Expenses
9.2.5 SWOT analysis
9.3 Schneider Electric SE
9.3.1 Company Summary
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research and Development Expenses
9.3.5 Recent strategies and developments
184.108.40.206 Partnerships, Collaborations and Agreements
9.3.6 SWOT analysis
9.4 General Electric (GE) Co.
9.4.1 Company Summary
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research and Development Expenses
9.4.5 SWOT analysis
9.5 TE Connectivity Ltd.
9.5.1 Company Summary
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research and Development Expenses
9.5.5 SWOT analysis
9.6 Hewlett Packard Enterprise Company
9.6.1 Company Summary
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research and Development Expenses
9.6.5 SWOT analysis
9.7 Juniper Networks, Inc.
9.7.1 Company Summary
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research and Development Expenses
9.7.5 Recent strategies and developments
220.127.116.11 Partnerships, Collaborations and Agreements
18.104.22.168 Product Launch and Product Expansion
9.8 ADTRAN, Inc.
9.8.1 Company Summary
9.8.2 Financial Analysis
9.8.3 Regional and Segmental Analysis
9.8.4 Research and Development Expenses
9.8.5 Recent strategies and developments
22.214.171.124 Partnerships, Collaborations and Agreements
126.96.36.199 Acquisition and mergers
9.9 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.9.1 Company Summary
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research and Development Expenses
9.9.5 Recent strategies and developments
188.8.131.52 Product Launch and Product Expansion
9.1 Digi International, Inc.
9.10.1 Company Summary
9.10.2 Financial Analysis
9.10.3 Regional and Segmental Analysis
9.10.4 Research and Development Expenses
9.10.5 Recent strategies and developments
184.108.40.206 Product Launch and Product Expansion
9.11 Ericsson AB (Cradlepoint)
9.11.1 Company Summary
9.11.2 Financial Analysis
9.11.3 Segmental and Regional Analysis
9.11.4 Research and Development Expenses
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