Network Devices Market to Witness CAGR of 6% (2022-2028) Due to Rapid Pace of Technological Advancements in the Telecom Industry and Home Networking Devices | UnivDatos Market Insights

The network devices market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the network devices market. the network devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the network devices market at the global and regional levels.

India, 15/12/2022 (informazione.it - comunicati stampa - telecomunicazioni)

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 also 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.

Major companies in the market that offer network devices are Cisco Systems, Cradlepoint, Juniper Networks, Huawei, HP Enterprise, Digi International, Sierra Wireless, Nokia, Inseego, and Teltokina Networks.

Due to Covid-19, the market has declined in 2020 due to government regulations regarding lockdowns, temporary shutdown of manufacturing facilities, supply chain disruptions, limited production capacities, workforce shortages, and reduced demand in major end-use industries. However, after covid due to the rising trend of work-from-home, the market is expected to recover quickly.

In 2020, North America is expected to grow with a significant CAGR, the growing adoption can be attributed to the growing demand for wireless and WiFi hotspot solutions and services. Furthermore, the growing digitization of the organization's operations is expected to drive the market in the region. Moreover, governments of countries in the region like the U.S.A and Canada are investing heavily in the advancement of internet technology to make it more refined. The key players in the network devices market in the U.S and Canada are making efforts to offer the largest suite of networking products and solutions, thereby providing a great opportunity for regional companies to increase their business footprint. The presence of the major networking solution and service providers, including Cisco Systems, Aruba , Juniper Networks, and Extreme Networks, in this region, is a major factor responsible for the growth of the North American market.

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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