Service Provider Network Infrastructure Market Worth $184.7 Billion By 2028

Service Provider Network Infrastructure Market Growth & Trends

The global service provider network infrastructure market size is expected to reach USD 184.7 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2022 to 2028. The global market for service provider network infrastructure is expected to advance due to the growing demand for network infrastructure services among small- and medium-sized enterprises, increasing investments in upgrading networks to improve communication speed, the emergence of the public and private network infrastructure, and the rising adoption of mobile devices.

The routers & switches segment dominated the market with a revenue share of over 26% in 2021. Ethernet access services enable a large global or regional virtual footprint with a deterministic and consistent service for its end-user customers. Expansion of cloud networking and increased usage of high-speed Ethernet are expected to contribute to the market revenue in the coming years.

The retail and e-commerce industry segment is likely to expand with the second-highest CAGR of 4.9% from 2022 to 2028. Service Provider Network Infrastructure devices assist in sharing information about suppliers and customers with behavioral experiences, shopping preferences, and social things. Information is required for analysis purposes. Results of the analysis are used to make key business decisions by market segmentation and predictive analytics.

This type of information helps enterprises in decision-making, maintain customer relationships, and increase footprints across the globe and revenue. This will help improve brand loyalty among customers. Thus, retail and eCommerce enterprises are contributing to the service provider network infrastructure industry.

The large enterprises segment dominated the market with a revenue share of around 70.0% in 2021 and is expected to grow with a CAGR of 3.5% from 2022 to 2028. Large enterprises include the enterprises with revenues in billions and more than 1000 employees. These enterprises with huge budgets can invent new technologies and adopt the same. Additionally, enterprises run their business operations smoothly. Thus, the contribution of the large enterprise adds more to the market revenue.

North America held the largest revenue share of around 33% in 2021. The U.S. is positively contributing to the growth of the regional market. The presence of well-established device manufacturing vendors is one of the key factors supporting the market growth. This is one of the promising regions to launch new technology in terms of IT infrastructure and advanced research and development activities that help innovate and manufacture high-speed Service Provider Network Infrastructure devices. Additionally, the ease of availability of IT resources and related technological talents contribute to and drive the market in the region.

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Service Provider Network Infrastructure Market Report Highlights

• North America held the largest revenue share of above 30% in 2021. The presence of well-established service provider network infrastructure device manufacturers is one of the key factors supporting the regional market growth

• The retail and e-commerce industry segment is likely to expand with the 2^nd highest growth rate of 4.9% from 2022 to 2028. Service provider network infrastructure devices assist in sharing information about suppliers and customers with behavioral experiences, shopping preferences, and social things

• The large enterprises segment dominated the market with a revenue share of around 70.0% in 2021. These enterprises with huge budgets can invent new technology and adopt the same

Service Provider Network Infrastructure Market Segmentation

Grand View Research has segmented the global service provider network infrastructure market based on technology, industry, enterprise size, and region:

Service Provider Network Infrastructure Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Routers & Switches

• Carrier IP Telephony

• Broadband Access & Optical Transport

• Microwave transmission & Mobile Backhaul

• Wireless Packet Core

Service Provider Network Infrastructure Industry Outlook (Revenue, USD Million, 2017 - 2028)

• Healthcare

• Retail and eCommerce

• Banking, Financial Services & Insurance

• Government & Defense

• Information Technology & Telecommunications

• Manufacturing

• Others

Service Provider Network Infrastructure Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)

• SMEs

• Large Enterprises

Service Provider Network Infrastructure Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America

  • U.S.

• Europe

  • Germany

  • France

  • U.K.

• Asia Pacific

  • China

  • India

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players of Service Provider Network Infrastructure Market

• Huawei Technologies Co. Ltd.

• ZTE Corporation

• Juniper Networks Inc

• Alcatel–Lucent S.A.

• Brocade Communications Systems Inc.

• Avaya Inc.

• Ericsson Inc.

• Aruba Networks Inc.

• Bluecoat Systems In.

• Nokia Siemens Networks