DUBLIN--(BUSINESS WIRE)--The "Global 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 Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
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.
Network devices, often known as network equipment, are many types of electronic devices that are utilized in networking. These kinds of devices are primarily deployed in computer networks to send and receive data swiftly and securely between computers, printers, fax machines, and other devices. Such devices could be intranet or internetwork devices. Certain devices are mounted on the device, like RJ45 connectors or NIC cards, while others are part of the network, like switches and routers. These are specialized devices that manage digital or electrical connections in order to execute their unique functions effectively.
Numerous ports may be available on APs, which could be utilized to expand the network's capacity, firewall features, and Dynamic Host Configuration Protocol (DHCP) service. As a result, companies have access points that operate as a switch, router, DHCP server, and firewall. 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 that connect to the same network, and consumer stations should be set with the SSID in order to connect to the AP. The AP may broadcast the SSID, making it visible to any wireless users.
But, APs could be set not to transmit the SSID for security reasons, which implies that an administrator must provide the SSID to consumer systems rather than letting it be detected automatically. SSIDs, channels, passwords, security settings, and usernames are all set by default on wireless devices. Since numerous internet sites display the default settings utilized by manufacturers, it is highly recommended that users change such default settings as quickly as possible for security purposes.
Market Growth Factors:
The rise in the number of internet users
Due to the expanding smartphone penetration and improved connectivity, the number of internet users worldwide is continuously rising. Seek for network devices is anticipated to rise as consumers demand more connected devices, which need advanced Internet connections for flawless performance. While this is opening up prospects for broadband and telecom businesses, they still have a difficult time keeping up with customer demands for network uptime, capacity, and latency in a cutthroat market.
With the aid of improved network equipment, which might offer the necessary connectivity bandwidth, security, and network dependability, players are investing substantially to take advantage of these new opportunities. The development of cellular-based network devices is anticipated to be fueled by telecom companies' growing investments in wireless network infrastructure.
The rapid pace of technological advancements in the telecom industry and home networking devices
The primary elements that are anticipated to propel the expansion of the home networking market are the development of cutting-edge connected items and the low pricing of such devices. To accept print commands from numerous networks and to increase network security system, the system offers several access points to networked devices and home networking equipment, such as printers.
These elements contribute to the market for network devices operating more effectively. Along with that, many companies are investing in the advancements of their devices to gain more consumer attention. As a single system can control several devices at once, like Wi-Fi, which provides data to numerous devices at a time, it is possible that telecommunications and IT make up the largest portion of sales of home networking devices.
Marketing Restraining Factor:
Rising concerns related to data security and privacy in open networks
One of the main issues for many firms is data privacy. Businesses are looking for stronger security and privacy choices to safeguard their networks from online dangers including corporate monitoring, data breaches, and data theft because of the dramatic increase in data volumes. Each endpoint, sensor, gateway, and smartphone has now become a possible target for hackers as a result of the increasing number of systems, which has also led to security and privacy vulnerabilities. Security is a crucial element to take into account when building Wi-Fi networks because the WLAN network gives access to many smart devices.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Indoor
- Outdoor
By Connectivity
- WiFi
- Cellular
- WiFi + Others
- Long Range Radio (LoRa)
- Others
By Application
- Enterprise Networking
- Residential Networking
- Industrial Networking
- Commercial Networking
- Transportation Networking
By Device Type
- Routers
- Gateways
- Access Points
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
- 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
For more information about this report visit https://www.researchandmarkets.com/r/cavotm
