Europe 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 Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Network Devices Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
A bridge is a device that connects two or more hosts or network segments. Bridges' primary function in network architecture is to store and forward frames among the many segments that they connect. They transport frames using hardware Media Access Control (MAC) addresses. Bridges can advance or prevent data crossing by checking the MAC addresses of the devices connected to each segment. In addition, bridges could also be utilized to link two physical LANs together to create a bigger logical LAN. Bridges only operate at the OSI model's Physical and Data Link layers. By operating among two physically different networks and regulating the transmission of data between them, bridges are utilized to break bigger networks into smaller pieces.
The construction of a WiFi network enables businesses to quickly build and link commercial applications. In linking mission-critical corporate processes, the WiFi network also delivers better flexibility, reliability, scalability, and cost-effective advantages. To optimize business operations and develop new revenue prospects, core industrial sectors are eager to automate and digitalize their business operations. Because the internet penetration rate is predicted to increase dramatically in the next years, demand for network equipment such as routers, gateways, and access points is also likely to increase.
There are many companies across this region that are investing a huge amount in the establishment of strong network connectivity. Along with that, since working from home has become a norm across countries, individuals are also spending their money on strengthening the network connectivity in their homes. Due to this shifting preference and high focus on network connectivity, the demand for a wide range of network devices would surge across this region during the forecast period. The German government has prioritized the ICT industry.
The Digital Agenda of the BMWi outlines Germany's economic and innovation agenda (Federal Ministry for Economics and Energy). It emphasizes digital infrastructure, the economy, workspaces, creative public administration, social digital environments, culture, education, science, research, and media, as well as protection, security, and corporate and societal confidence. Cybersecurity, the automation of the German economy, and the development of the German broadband network are among the policy goals. The General Data Protection Regulation (GDPR), the E-privacy Regulation, the effects of the EU Digital Single Market on ICT enterprises, and the most recent changes in cybersecurity legislation are among the difficulties.
The Germany market dominated the Europe Network Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,590.5 million by 2028. The UK market is poised to grow at a CAGR of 5.2% during (2022 - 2028). Additionally, The France market would display a CAGR of 6.9% during (2022 - 2028).
Based on Type, the market is segmented into Indoor and Outdoor. Based on Connectivity, the market is segmented into WiFi, Cellular, WiFi + Others, Long Range Radio (LoRa), and Others. Based on Application, the market is segmented into Enterprise Networking, Residential Networking, Industrial Networking, Commercial Networking, and Transportation Networking. Based on Device Type, the market is segmented into Routers, Gateways, and Access Points. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Network Devices Market Size will Hit $38.4 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc.,Siemens AG, Schneider Electric SE, General Electric (GE) Co., TE Connectivity Ltd., Hewlett-Packard Enterprise Company, Juniper Networks, Inc., ADTRAN, Inc., Huawei Technologies Co. Ltd., Digi International, Inc., and Ericsson AB.
Scope of the Study
Market Segments Covered in the Report:
- WiFi + Others
- Long Range Radio (LoRa)
- Enterprise Networking
- Residential Networking
- Industrial Networking
- Commercial Networking
- Transportation Networking
By Device Type
- Access Points
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Siemens AG
- Schneider Electric SE
- General Electric (GE) Co.
- TE Connectivity Ltd.
- Hewlett-Packard Enterprise Company
- Juniper Networks, Inc.
- ADTRAN, Inc.
- Huawei Technologies Co. Ltd.
- Digi International, Inc.
- Ericsson AB
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