Global Network Equipment Market Size & Outlook
The network equipment industry worldwide is expected to reach a projected revenue of US$ 190,534.9 million by 2030. A compound annual growth rate of 3.7% is expected of the worldwide network equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$147,312.7
Forecast, 2030 (US$M)
$190,534.9
CAGR, 2024 - 2030
3.7%
Report Coverage
Worldwide
Global network equipment market, 2018-2030 (US$M)
Related Markets
Global network equipment market highlights
- The global network equipment market generated a revenue of USD 147,312.7 million in 2023 and is expected to reach USD 190,534.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.7% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 84,760.4 million in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 147,312.7 million |
| Market revenue in 2030 | USD 190,534.9 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 27.1% of the global network equipment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 2,966.6 million by 2030.
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Network Equipment Market Scope
Network equipment market segmentation & scope
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Network Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global network equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to network equipment market will help companies and investors design strategic landscapes.
hardware was the largest segment with a revenue share of 57.54% in 2023. Horizon Databook has segmented the Global network equipment market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Network Equipment Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- RAN
- CRAN
- ORAN
- VRAN
- Core Network
- Fixed Access
- Others
- RAN
- Software
- Infrastructure Software
- OSS/BSS
- Others
- Services
- Professional Services
- Advisory/Consulting
- Design / Optimization
- Tools & automation
- Security
- Deployment Services
- Testing
- Installation
- Integration
- Managed Services
- Network Performance and Management
- App / Data Management
- RAN Operation Support
- Core Operation Support
- Security
- Training
- Professional Services
- Hardware
- Global Network Equipment Connectivity Outlook (Revenue, USD Million, 2018-2030)
- 2G/3G
- 4G LTE
- 5G
- Global Network Equipment Network Type Outlook (Revenue, USD Million, 2018-2030)
- Public Network
- Private Network
- Global Network Equipment End Users Outlook (Revenue, USD Million, 2018-2030)
- Telecom Operators
- Enterprises
- Public Safety
- Healthcare
- Retail and e-Commerce
- Banking, Financial Services, & Insurance
- Government & Defense
- Manufacturing
- Others
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Target buyers of Global network equipment market databook
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Our clientele includes a mix of network equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global network equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global network equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global network equipment market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Network equipment market size, 2023 (USD Million)
Top 10 countries: Network equipment market size, 2023 (USD Million)
Global network equipment market, by region, 2023 (US$M)
Related regional statistics
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