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The Global Network Devices Market is expected to foresee significant growth. North America to lead the growth!

The Network Devices Market is expected to grow at a steady rate of around 6% during the forecast period (2022-2028). The devices which are used for communication between different hardware used in the computer network are known as network devices. These devices are also known as physical devices, networking hardware, and network equipment otherwise computer networking devices. In a computer network, each network device plays a key role based on its functionality and works for different purposes at different segments. The growing adoption of network devices can be attributed to the expanding number of smartphone users and improved connectivity across the globe. Furthermore, the rapid technological advancements in the telecom industry, home networking and smart home devices are expected to drive the market. For instance, according to earthweb.com, there are more than 250 million smart homes in the world in the year 2022.

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Based on connectivity, the market is segmented into WiFi, cellular, LoRa, ZigBee, and Bluetooth. WiFi-based devices are expected to achieve significant growth during the forecast period. The growing prominence of WiFi-based devices can be attributed to the growing demand for IoT devices and smart homes. Furthermore, the growing trend of work-from is expected to significantly influence the WiFi market.

Based on device type, the market is segmented into the router, gateway, and access point. The router segment is expected to grow significantly during the forecast period. This is mainly due to the growing need for high-speed internet connectivity and the rising adoption of smart devices and smartphones is expected to drive the market. Furthermore, the expansion of cloud-based devices is also expected to influence the demand for routers.

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For a better understanding of the market adoption of the network devices industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. In 2020, The North American market is expected to showcase robust growth during the forecast period. This is mainly due to the presence of key players in the region. Furthermore, the growing investments by key industry players and the government. Moreover, the growing number of internet users is expected to drive the market in the region. For instance, in 2020, there are more than 400 million internet users in just the United States. 

Some of the major players operating in the market include Cisco Systems, Cradlepoint, Juniper Networks, Huawei, HP Enterprise, Digi International, Sierra Wireless, Nokia, Inseego, Teltokina Networks.

Global Network Devices Market Segmentation

Market Insight, by Connectivity

• WiFi
• Cellular
• LoRa
• Bluetooth

Market Insight, by Device Type

  • Router
  • Gateway
  • Access Point

Market Insight, by Application

• Residential
• Commercial
• Industrial
• Others

Market Insight, by Region

  • North America
    • The United States
    •  Canada
    •  Rest of North America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • Cisco Systems
  • Cradlepoint
  • Juniper Networks
  • Huawei
  • HP Enterprise
  • Digi International
  • Sierra Wireless
  • Nokia Corporation
  • Inseego
  • Teltokina Network

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