HPE and Cisco led the global network hardware industry as of 2024. HPE's Aruba Networks accounted for almost ** percent of the market, while Cisco commanded more than a quarter of the market with its range of network products. Rising network infrastructure and equipment spending globally IT spending globally has been steadily increasing over the past decade, with an estimated value of nearly * trillion in 2024. In the same year, the network infrastructure market size was valued at nearly *** billion U.S. dollars in 2024, with enterprise spending alone totaling around ** billion U.S. dollars. The network infrastructure market is also expected to increase in the coming years in both the service provider and the enterprise segments. Recently, the U.S. and China were by far the largest spending countries on network infrastructure, with China’s network infrastructure revenue standing at some **** billion U.S. dollars in 2024, while the U.S. market size stood at **** billion U.S. dollars. Network security market in a growth trajectory Network security remains an essential pillar of enterprise network infrastructure. Infrastructure security spending was estimated at **** billion U.S. dollars in 2023 and is forecast to exceed ** billion U.S. dollars by 2024. The network security equipment market has been equally growing as well, with around **** billion U.S. dollars in 2023. The main players in the network security equipment market are Palo Alto Networks, Fortinet, and Cisco, among others. Advanced threat prevention, secure email and web gateways, and network access controls are among the main network security technologies currently in use among organizations in 2023.

The Enterprise Network Equipment Market Report is Segmented by Type (Switches, Routers, WLAN, and More), Deployment Model (On-Premises, Cloud-Managed, and Hybrid), Enterprise Size (Small and Medium Enterprises and Large Enterprises), End-User Vertical (IT and Telecom, BFSI, Healthcare, Manufacturing, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global network equipment market is showcased at valuation of USD 34,239.7 million in 2025. According to the analysis, the industry is projected to grow at a CAGR of 8.3% from 2025 to 2035. The industry is foreseen to surpass USD 75,990.4 million wide adoption of this technology in varied sector through 2035.

Attributes	Description
Historical Size, 2024	USD 31,827.9 million
Estimated Size, 2025	USD 34,239.7 million
Projected Size, 2035	USD 75,990.4 million
Value-based CAGR (2025 to 2035)	8.3% CAGR

Semi-annual Market Update for the Network Equipment Market

Particular	Value CAGR
H1	8.1% (2024 to 2034)
H2	8.2% (2024 to 2034)
H1	7.7% (2025 to 2035)
H2	8.5% (2025 to 2035)

Analysis of Top Countries Using Network Infrastructure Equipment

Countries	CAGR from 2025 to 2035
India	7.1%
China	8.2%
Germany	6.6%
Japan	7.8%
United States	7.0%

Category-wise Insights in the Network Equipment Market

Segment	Routers (Type)
Value Share ( 2025)	36.2%

Segment	IT and Telecom (Application)
Value Share ( 2025)	43.2%

Wi-Fi Network Equipment Market Report is Segmented by Equipment Type (Access Points, Gateways, Routers and Extenders, and Others (Cables, Interface, Modules, Etc. )), by End User (Consumers and Enterprises), and by Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Segments.

According to Cognitive Market Research, the global Network Equipment market size was USD 145845.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 58338.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2%from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 43753.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 33544.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7292.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2916.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The IT and Telecom sector is the dominant application category. This dominance stems from the critical role that network infrastructure plays in supporting the massive data traffic and communication needs of this industry.

Market Dynamics of Network Equipment Market

Key Drivers for Network Equipment Market

Expansion of 5G Networks to Increase the Demand Globally

The expansion of 5G networks is a significant driver propelling the network equipment market forward. As telecom operators and service providers roll out 5G technology, there is a surging demand for advanced network equipment to support the enhanced data speeds and lower latency that 5G promises. This upgrade necessitates new infrastructure, including base stations, antennas, and network management systems, designed to handle the higher frequencies and increased data throughput of 5G. The transition to 5G is not only transforming mobile connectivity but also creating new opportunities for applications such as augmented reality, autonomous vehicles, and smart cities, all of which require robust network equipment to function effectively.

Surge in Data Traffic and Cloud Services to Propel Market Growth

The rapid growth in data traffic and the proliferation of cloud services are driving substantial demand for network equipment. As businesses and individuals increasingly rely on cloud computing for storage, applications, and services, the need for high-performance network infrastructure has intensified. This shift necessitates advanced routers, switches, and data center equipment capable of handling large volumes of data and ensuring seamless connectivity. Additionally, the rise in remote work and digital transformation initiatives further fuels the need for scalable and resilient network solutions. As cloud services become integral to daily operations, network equipment must evolve to meet the heightened requirements for speed, reliability, and security.

Restraint Factor for the Network Equipment Market

High Capital Expenditure to Limit the Sales

The High capital expenditure presents a significant restraint for the network equipment market. The deployment of advanced network infrastructure, including the latest technologies and high-capacity equipment, involves substantial upfront costs. This financial burden can be particularly challenging for smaller operators and businesses with limited budgets. Additionally, the rapid pace of technological advancements requires frequent upgrades and replacements, further straining financial resources. As a result, the high cost of investment in network equipment can slow down the adoption of new technologies and hinder market growth, especially in price-sensitive regions and among smaller players.

Impact of Covid-19 on the Network Equipment Market

The COVID-19 pandemic has significantly impacted the network equipment market, driving both challenges and opportunities. The surge in remote work and increased reliance on digital communication platforms have heightened the demand for robust network infrastructure to support remote connectivity and cloud services. This shift accelerated the need for upgrades and expansions in network equipment to handle the increased data traffic and ensure reliable performance. However, the pandemic also disr...

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%.

Pages	180
Market Size	2024: USD 152.25 Billion
Forecast Market Size	2030: USD 205.98 Billion
CAGR	2025-2030: 5.17%
Fastest Growing Segment	Enterprises
Largest Market	North America
Key Players	1. Cisco Systems, Inc. 2. Huawei Technologies Co., Ltd. 3. Nokia Corporation 4. Telefonaktiebolaget LM Ericsson 5. ZTE Corporation 6. Juniper Networks, Inc. 7. Arista Networks, Inc. 8. Hewlett Packard Enterprise Company

The Network Devices Market is estimated to be valued at USD 31.1 billion in 2025 and is projected to reach USD 53.6 billion by 2035, registering a compound annual growth rate (CAGR) of 5.6% over the forecast period.

Metric	Value
Network Devices Market Estimated Value in (2025 E)	USD 31.1 billion
Network Devices Market Forecast Value in (2035 F)	USD 53.6 billion
Forecast CAGR (2025 to 2035)	5.6%

According to Cognitive Market Research, the global Enterprise Network Equipment Market size is USD 56815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.30% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 22726.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 17044.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 13067.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 2840.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1136.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The IT and Telecom sector is frequently considered the dominating segment inside the enterprise network equipment market.

Market Dynamics of Enterprise Network Equipment Market

Key Drivers for Enterprise Network Equipment Market

Increasing use of wireless devices

The expansion of smartphones, tablets, laptops, and other wireless devices in the workplace has increased the demand for enterprise networking solutions that can handle a huge number of devices while maintaining consistent connectivity. Furthermore, the increasing demand for wireless devices, which allow employees to work from wherever within the network service region, is a significant development driver. Aside from that, the increasing trend of BYOD, in which employees utilize personal devices for work, is providing a positive outlook for the market. Furthermore, the convergence of wireless devices, cloud computing, and edge computing has resulted in new networking requirements that can support seamless integration with cloud services and edge devices, allowing for more efficient data processing and storage.

Growth of Internet of Things (IoT) and virtualization technologies

Enterprise networking solutions provide seamless communication between IoT devices, connect them to cloud platforms, and provide the infrastructure required for secure and efficient IoT deployments. Aside from that, the extensive use of virtualization technologies in companies, such as server virtualization and network virtualization, to optimize resources, improve scalability, and reduce costs is helping to drive market expansion. In addition, the growing requirement to process and analyze vast amounts of data drives the use of scalable and high-performance networking infrastructure, such as business networking. Furthermore, the increasing usage of Software-Defined Networking (SDN) in enterprises is helping to expand the market by allowing them to centrally manage and control network infrastructure, enhancing flexibility, scalability, and cost effectiveness.

High Initial Investment and Operating Costs

Implementing and maintaining a sophisticated networking infrastructure incurs significant costs, including the purchase of hardware components, software licensing, and expert installation and setup services. Small and medium-sized organizations (SMEs) sometimes suffer budget constraints, limiting their capacity to invest in modern networking solutions. Furthermore, continuing operating expenses such as maintenance, upgrades, and network administration can increase the financial strain.

Impact of Covid-19 on the Enterprise Network Equipment Market

The COVID-19 pandemic had a tremendous impact on the worldwide economy, as well as 5G infrastructure rollout and deployment plans. To combat the virus's spread, governments in various nations ordered complete/strict lockdowns throughout the first two quarters of 2020. To prevent the virus from spreading, several major equipment manufacturers around the world have temporarily shut down their operations. The epidemic also prompted enterprises to quickly transition to a work-from-home model, resulting in the adoption of online platforms to assure company continuity and remote learning. This demanded the development of effective network services and solutions. The introduction of 5G technology, increased usa...

Enterprise Network Equipment market is projected to grow at a CAGR of 6.4% during the forecast period, 2023-2030.

The global Optical Network Equipment Market Size is is valued at USD 45,791.37 Mn by 2032 from a value and set to reach USD 25,192.08 Mn in 2024 and is projected to grow by USD 26,707.64 Mn in 2025, growing at a CAGR of 8.5% from 2025 to 2032.

North America Network Equipment market size was USD 58338.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 74082.2 Million by 2031. This growth is mainly attributed to the region's increasing demand for advanced connectivity solutions and expanding digital infrastructure.

Access Market Research Intellect's Microwave Network Equipment Market Report for insights on a market worth 5.6 billion USD in 2024, expanding to 8.9 billion USD by 2033, driven by a CAGR of 6.5%.Learn about growth opportunities, disruptive technologies, and leading market participants.

Global Network Equipment Market valued at USD 145 billion, driven by high-speed internet, IoT, and cloud computing, with growth from 5G and edge computing expansions.

Learn more about the Data Center Networking Equipment Market Report by Market Research Intellect, which stood at USD 21.5 billion in 2024 and is forecast to expand to USD 36.8 billion by 2033, growing at a CAGR of 7.8%.Discover how new strategies, rising investments, and top players are shaping the future.

North America Enterprise Network Equipment Market is expected to grow during 2025-2031

The size of the Enterprise Network Equipment Market market was valued at USD 56.82 Billion in 2024 and is projected to reach USD 81.29 Billion by 2033, with an expected CAGR of 5.25% during the forecast period. Recent developments include: , Recent developments in the Enterprise Network Equipment Market indicate a dynamic landscape as companies adapt to evolving technology and increasing demand for network solutions. Hewlett Packard Enterprise and Cisco Systems continue to innovate with new product launches aimed at enhancing network capabilities, particularly in automation and cloud integration. Meanwhile, Arista Networks has been actively expanding its portfolio, providing robust solutions for data centers. In current affairs, Juniper Networks recently announced strategic advancements in AI-driven networking solutions to improve operational efficiency. There has also been notable growth in market valuations, particularly for companies like Nokia and Dell Technologies, owing to increased investments in cybersecurity and 5G infrastructure. TP-Link Technologies and NETGEAR have seen significant market traction as businesses prioritize agile digital solutions., Furthermore, mergers and acquisitions are shaping the market landscape; for instance, significant integrations are ongoing among key players, reflecting a trend toward consolidation to enhance market presence and technological capabilities. Overall, these trends and developments are indicative of a rapidly evolving ecosystem where innovation, strategic partnerships, and market responsiveness are critical for success., Enterprise Network Equipment Market Segmentation Insights. Key drivers for this market are: 5G network deployment, Edge computing solutions; SD-WAN adoption; IoT integration services; Cloud networking expansion. Potential restraints include: Growing demand for cloud solutions, Increasing cybersecurity concerns; Rising adoption of IoT devices; Need for network automation; Expanding 5G infrastructure deployment..

The global network communication equipment market is experiencing robust growth, driven by the increasing adoption of cloud computing, the Internet of Things (IoT), and the expansion of 5G networks. The market size in 2025 is estimated at $250 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is fueled by several key factors. The enterprise segment, encompassing businesses of all sizes, is a major contributor, demanding advanced networking solutions for improved efficiency and scalability. Government and education sectors are also significant drivers, investing heavily in infrastructure upgrades to support digital transformation initiatives. Furthermore, the proliferation of smart devices and the increasing reliance on data-intensive applications are significantly boosting demand for high-bandwidth network solutions. Specific growth areas include Ethernet switches, which are essential for building robust network infrastructures, and network security equipment, crucial in protecting sensitive data from cyber threats. The market is witnessing a shift towards software-defined networking (SDN) and network function virtualization (NFV) solutions, offering greater flexibility and cost-effectiveness compared to traditional hardware-based approaches. However, market growth faces certain restraints. High initial investment costs associated with implementing advanced network solutions can be a barrier for smaller businesses and organizations with limited budgets. Furthermore, the complexity of managing and maintaining large-scale networks presents a challenge, potentially hindering wider adoption. Competition among established players and new entrants is intense, leading to price pressures and the need for continuous innovation. Nevertheless, the long-term outlook for the network communication equipment market remains highly positive, driven by the ongoing digital transformation across various sectors and the increasing demand for seamless connectivity globally. The market's segmentation, encompassing diverse applications and technologies, offers opportunities for specialized players to carve niches and drive further growth.

Middle East and Africa Network Equipment market was USD 2916.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The market is foreseen to reach USD 4030.4 million by 2031, owing to increasing investments in infrastructure and the expanding demand for digital connectivity.

The Network Equipment Market size is expected to reach USD 289.4 billion in 2034 growing at a CAGR of 5.6. The Network Equipment Market report classifies market by segmentation, growth drivers, demand, trend, and forecast insights.

Access Market Research Intellect's Networking Equipment Market Report for insights on a market worth USD 49.1 billion in 2024, expanding to USD 72.4 billion by 2033, driven by a CAGR of 5.5%.Learn about growth opportunities, disruptive technologies, and leading market participants.