September 22, 2022

Global Networking Devices Market Outlook to 2028 – Rising Number of Internet Users Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Networking Devices Market Size, Share, and Trend Analysis Report by Type, by Connectivity (WiFi, Cellular, WiFi+Others, Long Range Radio (LoRa)), by Application, by Type Device, by Regional Outlook and Forecast, 2022-2028″ report has been added to from ResearchAndMarkets.com offer.

The global network device market size is expected to reach USD 38.4 billion by 2028, with the market growing at 6.3% CAGR during the forecast period.

Network devices, often referred to as network equipment, are many types of electronic devices used in networks. These types of devices are primarily deployed in computer networks to send and receive data quickly and securely between computers, printers, fax machines, and other devices. These devices can be intranet or internetwork devices. Some devices are mounted on the device, such as RJ45 connectors or network cards, while others are part of the network, such as switches and routers. They are specialized devices that manage digital or electrical connections in order to perform their unique functions efficiently.

Many ports may be available on access points, which could be used for extending network capacity, firewall functionality, and Dynamic Host Configuration Protocol (DHCP) service. Therefore, companies have access points that function as a switch, router, DHCP server, and firewall. An SSID (Service Set Identifier) ​​name is required to access a wireless access point. The SSID is used by 802.11 wireless networks to distinguish all systems connecting to the same network, and consumer stations must be configured with the SSID in order to connect to the access point. The access point can broadcast the SSID, making it visible to all wireless users.

However, access points can be configured not to transmit the SSID for security reasons, requiring an administrator to 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 many websites display the default settings used by the manufacturers, users are strongly recommended to change these default settings as soon as possible for security reasons.

Market Growth Factors:

The increase in the number of Internet users

Due to the growing penetration of smartphones and improved connectivity, the number of internet users around the world is constantly increasing. The search for network devices is expected to increase as consumers demand more connected devices, which require advanced internet connections for flawless performance. While this opens up opportunities for broadband and telecom companies, they still struggle to meet customer demands for network availability, capacity, and latency in a fierce market.

With the help of improved network equipment, which could provide the necessary connectivity bandwidth, security and network reliability, players are investing heavily to take advantage of these new opportunities. The development of cellular network devices is expected to be fueled by increasing investments by telecommunications companies in wireless network infrastructure.

The rapid pace of technological advancements in the telecommunications industry and home networking devices

The major elements that are expected to propel the expansion of the home networking market are the development of advanced connected items and the low price of these devices. To accept print commands from multiple networks and to increase network security, the system provides multiple access points for networked devices and home networking equipment, such as printers.

These elements contribute to the market for more efficiently functioning network devices. Along with this, many companies are investing in the advancement of their devices to attract more consumer attention. Since a single system can control multiple devices at once, such as Wi-Fi, which provides data to many devices at once, it is possible that telecommunications and computing account for the largest part of device sales. home network.

Marketing Restriction Factor:

Growing concerns about data security and privacy in open networks

One of the biggest issues for many companies is data privacy. Businesses are looking for stronger security and privacy choices to protect their networks from online dangers including corporate surveillance, data breaches, and data theft due to dramatically increasing data volumes. Every endpoint, sensor, gateway and smartphone has now become a possible target for hackers due to the growing number of systems, which has also led to security and privacy vulnerabilities. Security is a crucial element to consider when building Wi-Fi networks because the WLAN network provides access to many smart devices.

Scope of the study

Market Segments Covered in the Report:

By type

By connectivity

  • Wireless

  • Cellular

  • Wi-Fi + Others

  • Long Range Radio (LoRa)

  • Others

By request

  • business networking

  • Home Networking

  • Industrial Networking

  • business networking

  • Transport networks

By device type

  • Routers

  • Gateways

  • Access points

By geography

  • North America

  • WE

  • Canada

  • Mexico

  • Rest of North America

  • Europe

  • Germany

  • UK

  • France

  • Russia

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Argentina

  • United Arab Emirates

  • Saudi Arabia

  • South Africa

  • Nigeria

  • Rest of LAMEA

Main 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 on this report, visit https://www.researchandmarkets.com/r/cavotm


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