Network Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, By Component, By Connectivity, By Network Type, By End-User, By Region & Competition, 2020-2030F
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. The global Network Equipment market refers to the worldwide ecosystem built around Network Equipment technology, which is a decentralized, distributed ledger system that records transactions securely and immutably.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 152.25 Billion
Market Size 2030
USD 205.98 Billion
CAGR 2025-2030
5.17%
Fastest Growing Segment
Enterprises
Largest Market
North America
Initially associated with cryptocurrencies like Bitcoin, Network Equipment has now evolved into a foundational technology with applications far beyond digital currencies. It enables peer-to-peer transactions without intermediaries, enhances data transparency, and secures records using cryptographic principles. Organizations across sectors are increasingly exploring Network Equipment for its ability to streamline operations, reduce fraud, and improve traceability.
The market is rising rapidly due to growing investments from enterprises and governments seeking to leverage Network Equipment for operational efficiency and digital transformation. The financial services industry remains the largest adopter, using Network Equipment for cross-border payments, smart contracts, and digital identity verification. However, the technology is also gaining ground in supply chain management, where it enhances end-to-end visibility, and in healthcare, where it ensures data integrity and patient privacy. The rising popularity of tokenization, decentralized finance (DeFi), and non-fungible tokens (NFTs) is also expanding the commercial use cases of Network Equipment.
Key Market Drivers
Rising Demand for High-Speed Mobile and Fixed Broadband Connectivity
As global consumers and enterprises increasingly rely on digital services, the demand for faster, more stable internet access is intensifying. Telecommunication providers are upgrading their network infrastructure to support high-speed broadband and next-generation wireless services like 5G and emerging 6G standards. This modernization involves widespread deployment of routers, optical fiber systems, high-capacity switches, and base station equipment. The surge in video streaming, online gaming, and remote work has significantly accelerated bandwidth requirements, making high-performance network hardware a necessity rather than a luxury.
The proliferation of fixed wireless access (FWA) solutions in both urban and rural areas is another key factor. Nations aiming to close the digital divide are investing in robust network foundations, further fueling hardware procurement. This widespread connectivity push-whether for smart cities, home broadband, or enterprise backbones-has resulted in sustained demand for scalable and resilient network equipment from both public and private stakeholders. According to the International Telecommunication Union (ITU), the number of global internet users surged from 4.1 billion in 2019 to over 5.4 billion in 2023. This 30% growth in just four years reflects a massive increase in network traffic and digital engagement, driving extensive investment in broadband infrastructure and high-performance networking equipment across both developed and emerging markets.
Key Market Challenges
Supply Chain Disruptions and Component Shortages
The global network equipment market has been significantly affected by persistent supply chain disruptions, especially in the sourcing and timely delivery of critical electronic components such as semiconductors, transceivers, and high-performance processors. These disruptions have been exacerbated by geopolitical tensions, trade restrictions, and lingering aftershocks from the COVID-19 pandemic. Many network equipment manufacturers operate on complex, globally distributed production models. Any delay in one part of the chain-be it raw material extraction, chip fabrication, or final assembly-can cause a ripple effect that slows down production cycles and delivery timelines. Additionally, dependency on a limited number of suppliers for high-end components increases exposure to regional instability and manufacturing bottlenecks.
These challenges are particularly critical for telecom equipment providers and data center infrastructure vendors who face rising demand for advanced, real-time networking solutions but are unable to match it with adequate supply. Lengthened lead times and the need to redesign hardware to accommodate substitute components can delay project deployments, impact contractual obligations, and weaken client confidence. Furthermore, inflationary pressures on logistics and raw materials inflate costs and compress profit margins, creating volatility in pricing models. To mitigate risk, manufacturers must now diversify sourcing strategies, localize certain elements of production, and invest in long-term inventory planning. These changes, though necessary, require capital and operational overhaul, thereby posing a strategic and financial challenge to the industry's growth trajectory.
Key Market Trends
Integration of Artificial Intelligence in Network Management
The integration of artificial intelligence into network infrastructure is rapidly transforming how organizations manage performance, security, and scalability. Network equipment vendors are embedding artificial intelligence capabilities directly into routers, switches, and monitoring tools to facilitate predictive maintenance, automated traffic management, and anomaly detection. This evolution is driven by the increasing complexity of network environments, where traditional manual configurations are no longer sufficient to ensure efficiency and reliability. Artificial intelligence enhances visibility into data flow patterns, identifies potential points of failure, and enables real-time adjustments without human intervention.
Furthermore, artificial intelligence-based automation reduces operational costs for enterprises and telecom service providers by minimizing the need for large-scale network operation centers and reducing mean-time-to-resolution for network issues. Vendors are now focusing on developing equipment that includes artificial intelligence co-processors and machine learning compatibility to allow seamless integration with cloud-native analytics platforms. This shift not only enhances service quality and uptime but also positions vendors as providers of intelligent infrastructure, rather than just hardware suppliers. As network demands continue to escalate with applications like video conferencing, autonomous systems, and immersive digital experiences, artificial intelligence integration will remain a defining trend in the global network equipment market.
Key Market Players
Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
Nokia Corporation
Telefonaktiebolaget LM Ericsson
ZTE Corporation
Juniper Networks, Inc.
Arista Networks, Inc.
Hewlett Packard Enterprise Company
Report Scope:
In this report, the Global Network Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Network Equipment Market, By Component:
Hardware
Software
Network Equipment Market, By Connectivity:
2G/3G
4G LTE
5G
Network Equipment Market, By Network Type:
Public Network
Private Network
Network Equipment Market, By End-User:
Telecom Operators
Enterprises
Public Safety
Healthcare
Retail and e-Commerce
Banking, Financial Services, & Insurance
Government & Defense
Manufacturing
Others
Network Equipment Market, By Region:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Middle East & Africa
Saudi Arabia
UAE
South Africa
South America
Brazil
Colombia
Argentina
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Network Equipment Market.
Available Customizations:
Global Network Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Network Equipment Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Hardware, Software)
5.2.2. By Connectivity (2G/3G, 4G LTE, 5G)
5.2.3. By Network Type (Public Network, Private Network)
5.2.4. By End-User (Telecom Operators, Enterprises, Public Safety, Healthcare, Retail and e-Commerce, Banking, Financial Services, & Insurance, Government & Defense, Manufacturing, Others)
5.2.5. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map
6. North America Network Equipment Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Connectivity
6.2.3. By Network Type
6.2.4. By End-User
6.2.5. By Country
6.3. North America: Country Analysis
6.3.1. United States Network Equipment Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Component
6.3.1.2.2. By Connectivity
6.3.1.2.3. By Network Type
6.3.1.2.4. By End-User
6.3.2. Canada Network Equipment Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Component
6.3.2.2.2. By Connectivity
6.3.2.2.3. By Network Type
6.3.2.2.4. By End-User
6.3.3. Mexico Network Equipment Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Component
6.3.3.2.2. By Connectivity
6.3.3.2.3. By Network Type
6.3.3.2.4. By End-User
7. Europe Network Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Connectivity
7.2.3. By Network Type
7.2.4. By End-User
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Network Equipment Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Component
7.3.1.2.2. By Connectivity
7.3.1.2.3. By Network Type
7.3.1.2.4. By End-User
7.3.2. France Network Equipment Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Component
7.3.2.2.2. By Connectivity
7.3.2.2.3. By Network Type
7.3.2.2.4. By End-User
7.3.3. United Kingdom Network Equipment Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Component
7.3.3.2.2. By Connectivity
7.3.3.2.3. By Network Type
7.3.3.2.4. By End-User
7.3.4. Italy Network Equipment Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Component
7.3.4.2.2. By Connectivity
7.3.4.2.3. By Network Type
7.3.4.2.4. By End-User
7.3.5. Spain Network Equipment Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Component
7.3.5.2.2. By Connectivity
7.3.5.2.3. By Network Type
7.3.5.2.4. By End-User
8. Asia Pacific Network Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Connectivity
8.2.3. By Network Type
8.2.4. By End-User
8.2.5. By Country
8.3. Asia Pacific: Country Analysis
8.3.1. China Network Equipment Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Component
8.3.1.2.2. By Connectivity
8.3.1.2.3. By Network Type
8.3.1.2.4. By End-User
8.3.2. India Network Equipment Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Component
8.3.2.2.2. By Connectivity
8.3.2.2.3. By Network Type
8.3.2.2.4. By End-User
8.3.3. Japan Network Equipment Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Component
8.3.3.2.2. By Connectivity
8.3.3.2.3. By Network Type
8.3.3.2.4. By End-User
8.3.4. South Korea Network Equipment Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Component
8.3.4.2.2. By Connectivity
8.3.4.2.3. By Network Type
8.3.4.2.4. By End-User
8.3.5. Australia Network Equipment Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Component
8.3.5.2.2. By Connectivity
8.3.5.2.3. By Network Type
8.3.5.2.4. By End-User
9. Middle East & Africa Network Equipment Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Connectivity
9.2.3. By Network Type
9.2.4. By End-User
9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Network Equipment Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Component
9.3.1.2.2. By Connectivity
9.3.1.2.3. By Network Type
9.3.1.2.4. By End-User
9.3.2. UAE Network Equipment Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Component
9.3.2.2.2. By Connectivity
9.3.2.2.3. By Network Type
9.3.2.2.4. By End-User
9.3.3. South Africa Network Equipment Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Component
9.3.3.2.2. By Connectivity
9.3.3.2.3. By Network Type
9.3.3.2.4. By End-User
10. South America Network Equipment Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Connectivity
10.2.3. By Network Type
10.2.4. By End-User
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Network Equipment Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Component
10.3.1.2.2. By Connectivity
10.3.1.2.3. By Network Type
10.3.1.2.4. By End-User
10.3.2. Colombia Network Equipment Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Component
10.3.2.2.2. By Connectivity
10.3.2.2.3. By Network Type
10.3.2.2.4. By End-User
10.3.3. Argentina Network Equipment Market Outlook