Network Equipment Market is expected to grow at a CAGR of 5.17% through 2030F
The
global network equipment market is expected to be led by the enterprise segment
and 5G-enabled hardware solutions, driven by digital transformation and
next-generation connectivity demands, during the forecast period 2026-2030F
According to TechSci Research report, “Network Equipment Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F", The
Global Network Equipment Market was valued at USD 152.25 billion in 2024 and is
expected to reach USD 205.98 billion by 2030 with a CAGR of 5.17% through 2030.
As digital threats grow in scale and sophistication,
network security has become a top priority. Modern cyberattacks target not only
software but also exploit network infrastructure vulnerabilities. Enterprises
and governments are now embedding security directly into network
hardware deploying encrypted routers, intrusion detection-enabled switches, and
secure gateways that can isolate threats in real time. As a result, demand has
increased for secure-by-design networking equipment that can monitor, segment,
and protect data flows dynamically.
In parallel, compliance requirements such as the
General Data Protection Regulation (GDPR), HIPAA, and the Digital Services Act
are compelling organizations to upgrade network infrastructure to meet
regulatory standards. Network vendors are integrating features like audit
trails, encrypted traffic management, and data localization controls directly
into their hardware offerings. These evolving compliance needs are acting as
long-term growth engines for trusted, enterprise-grade network equipment.
The rising demand for low-latency applications such
as autonomous vehicles, industrial automation, and smart city operations is
accelerating the deployment of edge computing infrastructure. Unlike
traditional centralized data centers, edge computing brings processing power
closer to the source of data generation. This requires specialized network
equipment that can operate in decentralized environments while maintaining high
reliability, security, and bandwidth efficiency. Manufacturers are now designing
ruggedized, compact network devices—such as edge routers, micro-data center
switches, and multi-access edge computing platforms—that support localized
processing.
This trend is also driven by the proliferation of
Internet of Things devices, which generate massive volumes of data at the
network’s periphery. Managing this data at the edge reduces latency and
bandwidth consumption while improving real-time decision-making capabilities.
Telecom providers and cloud service operators are increasingly investing in
edge-focused network infrastructure to enhance user experience and expand
service offerings. As more industries digitize operations and rely on data-rich
environments, the importance of robust and flexible edge network equipment is
expected to grow substantially in the coming years.
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In
2024, the Enterprises segment emerged as the fastest-growing end-user category
in the global network equipment market and is expected to maintain its momentum
during the forecast period. This growth is driven by the accelerating pace of
digital transformation across various industries, including IT, professional
services, education, and logistics. Enterprises are increasingly investing in
advanced network infrastructure to support hybrid work environments, cloud
adoption, cybersecurity, and real-time collaboration tools, all of which
require robust and scalable networking solutions. The
rise in data traffic, adoption of artificial intelligence applications, and
reliance on Internet of Things devices are pushing enterprises to modernize
their network ecosystems. Companies are upgrading their infrastructure with
software-defined networks, edge computing capabilities, and intelligent routing
hardware to meet the performance demands of data-intensive business operations.
As a result, enterprise customers are becoming one of the most dynamic and
lucrative segments for network equipment vendors. Small
and medium-sized enterprises are also adopting enterprise-grade network
solutions as they digitize their services to stay competitive. Cloud-based
networking models, network-as-a-service offerings, and flexible deployment
options have made advanced network equipment more accessible to these
businesses. This democratization of network technology continues to fuel the
rapid growth of the enterprise segment globally.
In
2024, the Asia Pacific region rapidly emerged as the fastest-growing market in
the global network equipment market, driven by aggressive digital
infrastructure development, rising internet penetration, and increasing
investments in 5G deployment. Countries such as China, India, South Korea, and
Japan are leading large-scale network modernization efforts to support expanding
mobile, broadband, and industrial connectivity demands. These initiatives are
backed by government programs aimed at smart city development, rural
connectivity, and digital inclusion. The
surge in demand for cloud services, e-commerce, and Internet of Things
applications across sectors such as manufacturing, education, and healthcare is
further accelerating network infrastructure upgrades. Asia Pacific also
benefits from a strong presence of leading equipment manufacturers and
component suppliers, enabling faster adoption of advanced technologies. This
regional momentum is expected to continue, positioning Asia Pacific as a key
growth engine for the global network equipment market in the coming years.
Key
market players in the Network Equipment Market are: -
- Cisco
Systems, Inc.
- Huawei
Technologies Co., Ltd.
- Nokia
Corporation
- Telefonaktiebolaget
LM Ericsson
- ZTE
Corporation
- Juniper
Networks, Inc.
- Arista
Networks, Inc.
- Hewlett
Packard Enterprise Company
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“The
Global Network Equipment Market is poised for robust growth in the coming
years, driven by rising demand for high-speed connectivity, rapid 5G
deployment, cloud adoption, and increasing reliance on Internet of Things and
artificial intelligence technologies. Enterprises and service providers are
investing heavily in modernizing network infrastructure to support digital
transformation, hybrid work, and data-intensive applications. Emerging markets
are accelerating broadband expansion and smart city initiatives, further
boosting equipment demand. Innovations in software-defined networking and edge
computing are reshaping network architectures. These factors collectively
position the market for sustained expansion across both developed and
developing regions.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Network Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, By Component (Hardware, Software), By Connectivity (2G/3G, 4G LTE, 5G), By Network Type (Public Network, Private Network), By End-User (Telecom Operators, Enterprises, Public Safety, Healthcare, Retail and e-Commerce, Banking, Financial Services, & Insurance, Government & Defense, Manufacturing, Others), By Region & Competition 2020-2030F” has evaluated the future growth
potential of Network Equipment Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Network Equipment Market.
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