Network Devices Market Size, Share, Trends, Industry Analysis: Research Methodology from 2022 to 2032

The network devices market revenues were estimated at US$ 24.7 Billion in 2021 and are anticipated to grow at a CAGR of 5.6% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 45.5 Billion. Indoor network devices dominate the Network Devices Market with a projected CAGR of 5.6% during 2022 –2023.

The key drivers that affect the network device demand include the increasing use of the internet by people of the age group 15 to 45 years. Growing penetration of Internet in commercial spaces and industries has paved way for growth of wireless connectivity, improved IT infrastructure, and high-speed Internet.

Enterprises are using cloud technologies to store large amounts of data online. Cloud computing is used to eliminate business challenges so there is an increase in investments in cloud computing and its associated networking hardware.

Network Devices Market

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16706

Competitive Landscape:

Key network device manufacturers and providers include D-Link, Cisco Systems, Schneider Electric, Siemens, Cradle Points, Digi International, Inseego, Juniper Networks, Huawei, HP Enterprises, Sierra Wireless, Nokia, General Electric, Belkin International, Lantronix, Casa Systems, Extreme Networks, and Adtran, Moxa.

New product launches with enhanced features, price reduction, facility expansion, mergers, partnerships, joint ventures, collaborations, and acquisitions are few of the key strategies employed by these companies to increase their revenue share and stay ahead of the competition.

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