Published Date: 28-Jul-22
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According to a new report, published by KBV research, 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.
The Indoor segment acquired maximum revenue share in the Global Network Devices Market by Type in 2021, thereby, achieving a market value of $24.7 billion by 2028. Each single indoor access point's signal range differs widely from device to device. The wireless protocol that an access point uses, the power of its device transmitter, the kinds of physical barriers nearby, and radio interference are all elements that affect an access point's range.
The Cellular segment is showcasing a CAGR of 6.6% during (2022 - 2028). The majority of smartphones, cell phones, and dial-up devices most frequently use cellular networks as their native communication option. It uses a radio antenna and is a mobile-based network. These cell-connected devices can shift from one cell to another to interact and keep in touch.
The Enterprise Networking segment is leading the Global Network Devices Market by Application in 2021, thereby, achieving a market value of $12.9 billion by 2028. Large businesses and offices typically use an enterprise network. It consists of the IT infrastructure that large and midsize businesses utilize to link devices, users, and applications. An enterprise network is made up of virtual and physical networks & protocols which interconnect all users & systems on a local area network (LAN) to the data center and cloud applications while also allowing access to network data analytics.
The Gateways segment has shown growth rate of 6.7% during (2022 - 2028). Gateways interconnect two or more independent networks that each have their own topology, protocols, routing algorithms, domain name service, and network administration guidelines. All of the tasks that routers carry out and more are done by gateways. A gateway is actually a router with enhanced translation capabilities. In addition, a protocol converter is a function that converts among various network technologies.
The North America market dominated the Global Network Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.7 billion by 2028. The Europe market is estimated to witness a CAGR of 6.1% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 7.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/network-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Device Type
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