The global network devices market size increased from USD 24.7 billion in 2021 to USD 26.4 billion by 2022. Total network devices sales are slated to surge at 5.6% CAGR between 2022 and 2032, taking the overall market valuation to USD 45.5 billion by the end of 2032.
Indoor network devices segment is expected to remain the most remunerative revenue-generating segment, accelerating at a steady CAGR of over 5.5% during the assessment period.
Rising penetration of high-speed internet and digitalization across the world is a key factor driving the global network devices industry forward. Similarly, increasing usage of network devices in residential networking, enterprise networking, and industrial networking is expected to boost network device sales through 2032.
Physical devices that permit hardware on a computer network to communicate and interact with one another are called network devices or network hardware. In simple terms, network devices are devices or components that connect computers, mobiles, fax machines, printers, and other electronic devices to the network.
Network devices include hubs, routers, gateways, bridges, modems, and several other devices that help to connect hardware with a network. These devices have become essential for internetworking.
The key drivers that are expected to propel network device demand include increasing usage of internet by people, especially of the age-group 15 to 45 years. From this age group, around 75% of the world population uses internet.
Over the years, internet usage has increased significantly, particularly across developed and developing nations such as the United States, Germany, France, China, India, and Japan. For instance, according to the International Telecommunication Union’s (ITUs) latest data, total number of people using internet worldwide reached 4.9 billion in 2021, up from 4.1 billion recorded in 2019.
Right from using it for calling purposes and gathering information from remote resources to web browsing, internet has become one of the most powerful tools in the world. Thus, such staggering growth in the use of internet will boost demand for network devices such as routers, hubs, and switches during the forecast period.
Smartphones nowadays are using 4G-LTE and 5G internet technologies to provide internet facilities and this has created huge opportunities for telecom service providers. Developing nations are shifting to advanced internet facilities from 3G to 4G, 5G, and Wi-Fi with 4K video quality features.
Growing popularity of cloud storage and adoption of advanced technologies are expected to boost network device sales during the forecast period. Companies are utilizing cloud technologies to store a large amount of data online.
As per the Arcserve report, by 2025 a total of 100 Zettabytes of data will be stored in cloud. Cloud infrastructure services are generating USD 178 Billion/ year in revenue. Thus, growth in cloud technology will swell the network devices demand.
Growing usage of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) in manufacturing industry will generate lucrative growth opportunities for network device manufacturers.
Further, rapid shift towards smart homes and adoption of connected devices are expected to help the global network devices industry thrive swiftly over the next ten years.
| Attributes | Key Insights |
|---|---|
| Network Devices Estimated Value (2022) | USD 26.4 billion |
| Projected Market Value (2032) | USD 45.5 billion |
| Value-based CAGR (2022 to 2032) | 5.6% |
| USA Market CAGR (2022 to 2032) | 4.5% |
According to Future Market Insights’ latest report, historically, from 2017 to 2021, the value of the network devices industry increased at around 6.2% CAGR and reached USD 24.7 billion at the end of 2021.
However, for the projection period between 2022 and 2032, global network device demand is projected to rise at 5.6% CAGR. The worldwide market for network devices is likely to create an absolute $ opportunity of USD 19.1 billion during the projection period.
Rising penetration of internet across the world and increasing population of mobile users are key factors driving the global network devices industry forward.
Similarly, growing popularity of connected devices and cloud platforms along with high penetration of digitalization is expected to elevate network devices demand during the projection period.
Rise in Internet Proliferation to Boost Network Devices Industry
Over the years, there has been a dramatic rise in internet users worldwide due to rising penetration of smartphones, increasing popularity of social media, and availability of high-speed internet. For instance, as per the World Population Review, 4.9 billion people (around 69% of the world population) actively used internet in 2022.
Development and popularity of cheap mobiles have made online world more accessible to the general population by revolutionized the way people access internet. It is estimated that globally, around 268 million smartphone users were added between 2021 to 2022. This will continue to act as a catalyst triggering growth in the global network devices industry.
Key Factors Limiting Expansion of Network Devices Market
Potential Chances of Data Breach Limiting Market Expansion
Data security and privacy are the main issues that need to be taken into consideration when large volumes of data are being processed and transferred in various industries. Every endpoint where data is being transferred to or from system, every sensor that receives data signals, and every gateway where data signals are carried has now become a potential target for hackers.
All nodes, sensors, and gateways must be protected and secured from external attacks. Industries need to protect their systems from threats such as data breaches and data espionage (unethical data stealing for personal use).
If it remains unchecked, it can allow hackers to steal sensitive data that could result in huge losses in monetary form or could help competitor firms get an edge over the company.
For instance, as per a report published by the Identity Theft Resource Center (ITRC), 1862 data breaches occurred in 2021 in the United States as compared to 1108 breaches in 2020. This is acting as an impediment to the expansion of the market.
Regionally, North America is projected to remain at the epicenter of network devices industry throughout the forecast period. FMI estimates North America market to reach a valuation of USD 18.921 billion by 2032.
Key factors driving North America market include increasing demand for Wireless Fidelity (Wi-Fi) and wireless hotspots, growing penetration of high-speed internet, and rising popularity of enterprise networking and industrial networking.
Usage of high-speed internet for complex business entities and operations has made sure that business processes are becoming fast and flexible. This in turn is creating a significant demand for network devices.
Key players in the United States such as Juniper Networks, Extreme Networks, Adtran, General Electric, and CISCO are offering large suites of networking products and solutions to customers. The presence of network device companies such as Aruba, Extreme Networks, and CISCO is an important supporting expansion of North America market.
According to the Annual Report (2018 to 2023) of Cisco, by 2023, North America will have around 345 million internet users which will be 92% of regional population. Further, it is estimated that the region will have 5 billion network devices/connections and 329 million mobile users in 2023. Such a rapid increase in the population of internet users is going to boost demand for network devices during the next ten years.
| Country | USA |
|---|---|
| Historical CAGR (2017 to 2021) | 4.8% |
| Anticipated CAGR (2022 to 2032) | 4.5% |
| Market Value (2032) | USD 14.3 billion |
| Country | United Kingdom |
|---|---|
| Historical CAGR (2017 to 2021) | 5.1% |
| Anticipated CAGR (2022 to 2032) | 4.8% |
| Market Value (2032) | USD 2.1 billion |
| Country | China |
|---|---|
| Historical CAGR (2017 to 2021) | 7.7% |
| Anticipated CAGR (2022 to 2032) | 6.5% |
| Market Value (2032) | USD 3.9 billion |
| Country | Japan |
|---|---|
| Historical CAGR (2017 to 2021) | 5.5% |
| Anticipated CAGR (2022 to 2032) | 5.0% |
| Market Value (2032) | USD 3.3 billion |
| Country | South Korea |
|---|---|
| Historical CAGR (2017 to 2021) | 7.0% |
| Anticipated CAGR (2022 to 2032) | 6.0% |
| Market Value (2032) | USD 1.8 billion |
Increasing Penetration of Internet and Connected Devices Making the USA a Dominant Market
According to Future Market Insights, the United States is set to retain its dominance in the global market for network devices during the forecast period, accelerating at 4.5% CAGR. By 2032, the USA network devices market size is expected to reach USD 14.3 billion. It is expected to have an absolute dollar growth of USD 5.1 billion during the projection period.
Rising penetration of internet, especially 5G, high adoption of connected devices, and strong presence of leading network device manufacturers are driving growth in the USA market.
Over the years, there has been a rapid increase in the adoption of technologies such as IoT, smart homes, and 5G internet services, and the trend is expected to further escalate during the forecast period. This is acting as a catalyst triggering network device sales in the country.
According to the United States Census Bureau, nearly 92% of households in the United States had at least one type of computer and 85% had a broadband internet subscription in 2018. With the penetration of 5G network and growing popularity of social media, total population of internet users’ figure across the United States is significantly increasing. Driven by this, network device demand is slated to rise steadily during the projection period.
In households, people are using smartphones and other connected devices either through Wi-Fi or 4G internet services. Also, in commercial and industrial networking, network devices are required in large volumes.
The country is home to several leading network device companies including AdTran CradlePoint, Juniper Networks, and General Electric. These companies are constantly introducing novel products to allow end users to enjoy better network experience.
Indoor Network Devices Remain Highlight Sought-After Type in the Market
Based on type, the global market for network devices is segmented into indoor network devices and outdoor network devices. Among these, indoor segment holds a prominent share of the global market and it is expected to accelerate at a steady CAGR of 5.5% between 2022 and 2032.
Rising penetration of internet and growing adoption of network devices across residential sector worldwide is driving growth of indoor network devices segment.
Increasing need for high-speed internet services in households due to rapid adoption of smart devices such as smart TVs, smartphones, tablets, and home automation devices, is prompting people to adopt various network devices.
Similarly, rising usage of artificial intelligent devices, virtual reality equipment, and cloud computing technology will positively influence network device demand through 2032.
According to the CICO Annual Internet Report, total count of devices connected to Internet Protocol (IP) networks will be more than thrice the overall population in the world by 2023. Total internet users population is expected to reach 5.3 billion by 2023.
Further, there will be 29.3 billion networked devices by 2023. Out of this, indoor network devices are going to be 74% whereas only 26% of network devices are going to belong to business segment (outdoor network devices).
Enterprise Networking to Generate Growth Opportunities for Network Device Manufacturers
Enterprise networking is expected to remain the most lucrative application for network devices during the forecast period. Future Market Insights predicts the enterprise networking segment to expand at a steady CAGR through 2032, generating lucrative growth opportunities for network device manufacturers.
Growing adoption of enterprise networking across diverse organizations along with increasing usage of network devices such as routers, gateways, modems, etc. in enterprise networking is a key factor driving growth of the target segment.
Similarly, growing popularity of cloud networking and rapid shift towards digitalization will boost growth of the target segment during the assessment period.
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.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 26.4 billion |
| Projected Market Size (2032) | USD 45.5 billion |
| Anticipated Growth Rate (2022 to 2032) | 5.6% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Type, Device Type, Connectivity, Application, and Region |
| Key Companies Profiled | Cisco Systems; Cradle Points; Juniper Networks; Huawei; HP Enterprises; Digi International; Sierra Wireless; Nokia; Inseego; General Electric; Belkin International; Lantronix; Casa Systems; Siemens; Extreme Networks; D-Link; Schneider Electric; Adtran; Moxa |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Unit) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Device Type, 2017 to 2032
Table 4: Global Market Volume (Unit) Forecast by Device Type, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 6: Global Market Volume (Unit) Forecast by Type, 2017 to 2032
Table 7: Global Market Value (US$ Million) Forecast by Connectivity, 2017 to 2032
Table 8: Global Market Volume (Unit) Forecast by Connectivity, 2017 to 2032
Table 9: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 10: Global Market Volume (Unit) Forecast by Application, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 12: North America Market Volume (Unit) Forecast by Country, 2017 to 2032
Table 13: North America Market Value (US$ Million) Forecast by Device Type, 2017 to 2032
Table 14: North America Market Volume (Unit) Forecast by Device Type, 2017 to 2032
Table 15: North America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 16: North America Market Volume (Unit) Forecast by Type, 2017 to 2032
Table 17: North America Market Value (US$ Million) Forecast by Connectivity, 2017 to 2032
Table 18: North America Market Volume (Unit) Forecast by Connectivity, 2017 to 2032
Table 19: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 20: North America Market Volume (Unit) Forecast by Application, 2017 to 2032
Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Latin America Market Volume (Unit) Forecast by Country, 2017 to 2032
Table 23: Latin America Market Value (US$ Million) Forecast by Device Type, 2017 to 2032
Table 24: Latin America Market Volume (Unit) Forecast by Device Type, 2017 to 2032
Table 25: Latin America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 26: Latin America Market Volume (Unit) Forecast by Type, 2017 to 2032
Table 27: Latin America Market Value (US$ Million) Forecast by Connectivity, 2017 to 2032
Table 28: Latin America Market Volume (Unit) Forecast by Connectivity, 2017 to 2032
Table 29: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 30: Latin America Market Volume (Unit) Forecast by Application, 2017 to 2032
Table 31: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: Europe Market Volume (Unit) Forecast by Country, 2017 to 2032
Table 33: Europe Market Value (US$ Million) Forecast by Device Type, 2017 to 2032
Table 34: Europe Market Volume (Unit) Forecast by Device Type, 2017 to 2032
Table 35: Europe Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 36: Europe Market Volume (Unit) Forecast by Type, 2017 to 2032
Table 37: Europe Market Value (US$ Million) Forecast by Connectivity, 2017 to 2032
Table 38: Europe Market Volume (Unit) Forecast by Connectivity, 2017 to 2032
Table 39: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 40: Europe Market Volume (Unit) Forecast by Application, 2017 to 2032
Table 41: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 42: Asia Pacific Market Volume (Unit) Forecast by Country, 2017 to 2032
Table 43: Asia Pacific Market Value (US$ Million) Forecast by Device Type, 2017 to 2032
Table 44: Asia Pacific Market Volume (Unit) Forecast by Device Type, 2017 to 2032
Table 45: Asia Pacific Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 46: Asia Pacific Market Volume (Unit) Forecast by Type, 2017 to 2032
Table 47: Asia Pacific Market Value (US$ Million) Forecast by Connectivity, 2017 to 2032
Table 48: Asia Pacific Market Volume (Unit) Forecast by Connectivity, 2017 to 2032
Table 49: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 50: Asia Pacific Market Volume (Unit) Forecast by Application, 2017 to 2032
Table 51: Middle East & Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 52: Middle East & Africa Market Volume (Unit) Forecast by Country, 2017 to 2032
Table 53: Middle East & Africa Market Value (US$ Million) Forecast by Device Type, 2017 to 2032
Table 54: Middle East & Africa Market Volume (Unit) Forecast by Device Type, 2017 to 2032
Table 55: Middle East & Africa Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 56: Middle East & Africa Market Volume (Unit) Forecast by Type, 2017 to 2032
Table 57: Middle East & Africa Market Value (US$ Million) Forecast by Connectivity, 2017 to 2032
Table 58: Middle East & Africa Market Volume (Unit) Forecast by Connectivity, 2017 to 2032
Table 59: Middle East & Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 60: Middle East & Africa Market Volume (Unit) Forecast by Application, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Device Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Type, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Connectivity, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 5: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 7: Global Market Volume (Unit) Analysis by Region, 2017 to 2032
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 10: Global Market Value (US$ Million) Analysis by Device Type, 2017 to 2032
Figure 11: Global Market Volume (Unit) Analysis by Device Type, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Device Type, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Device Type, 2022 to 2032
Figure 14: Global Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 15: Global Market Volume (Unit) Analysis by Type, 2017 to 2032
Figure 16: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 18: Global Market Value (US$ Million) Analysis by Connectivity, 2017 to 2032
Figure 19: Global Market Volume (Unit) Analysis by Connectivity, 2017 to 2032
Figure 20: Global Market Value Share (%) and BPS Analysis by Connectivity, 2022 to 2032
Figure 21: Global Market Y-o-Y Growth (%) Projections by Connectivity, 2022 to 2032
Figure 22: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 23: Global Market Volume (Unit) Analysis by Application, 2017 to 2032
Figure 24: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 25: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 26: Global Market Attractiveness by Device Type, 2022 to 2032
Figure 27: Global Market Attractiveness by Type, 2022 to 2032
Figure 28: Global Market Attractiveness by Connectivity, 2022 to 2032
Figure 29: Global Market Attractiveness by Application, 2022 to 2032
Figure 30: Global Market Attractiveness by Region, 2022 to 2032
Figure 31: North America Market Value (US$ Million) by Device Type, 2022 to 2032
Figure 32: North America Market Value (US$ Million) by Type, 2022 to 2032
Figure 33: North America Market Value (US$ Million) by Connectivity, 2022 to 2032
Figure 34: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 35: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 36: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 37: North America Market Volume (Unit) Analysis by Country, 2017 to 2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 40: North America Market Value (US$ Million) Analysis by Device Type, 2017 to 2032
Figure 41: North America Market Volume (Unit) Analysis by Device Type, 2017 to 2032
Figure 42: North America Market Value Share (%) and BPS Analysis by Device Type, 2022 to 2032
Figure 43: North America Market Y-o-Y Growth (%) Projections by Device Type, 2022 to 2032
Figure 44: North America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 45: North America Market Volume (Unit) Analysis by Type, 2017 to 2032
Figure 46: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 47: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 48: North America Market Value (US$ Million) Analysis by Connectivity, 2017 to 2032
Figure 49: North America Market Volume (Unit) Analysis by Connectivity, 2017 to 2032
Figure 50: North America Market Value Share (%) and BPS Analysis by Connectivity, 2022 to 2032
Figure 51: North America Market Y-o-Y Growth (%) Projections by Connectivity, 2022 to 2032
Figure 52: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 53: North America Market Volume (Unit) Analysis by Application, 2017 to 2032
Figure 54: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 55: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 56: North America Market Attractiveness by Device Type, 2022 to 2032
Figure 57: North America Market Attractiveness by Type, 2022 to 2032
Figure 58: North America Market Attractiveness by Connectivity, 2022 to 2032
Figure 59: North America Market Attractiveness by Application, 2022 to 2032
Figure 60: North America Market Attractiveness by Country, 2022 to 2032
Figure 61: Latin America Market Value (US$ Million) by Device Type, 2022 to 2032
Figure 62: Latin America Market Value (US$ Million) by Type, 2022 to 2032
Figure 63: Latin America Market Value (US$ Million) by Connectivity, 2022 to 2032
Figure 64: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 67: Latin America Market Volume (Unit) Analysis by Country, 2017 to 2032
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 70: Latin America Market Value (US$ Million) Analysis by Device Type, 2017 to 2032
Figure 71: Latin America Market Volume (Unit) Analysis by Device Type, 2017 to 2032
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Device Type, 2022 to 2032
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Device Type, 2022 to 2032
Figure 74: Latin America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 75: Latin America Market Volume (Unit) Analysis by Type, 2017 to 2032
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 78: Latin America Market Value (US$ Million) Analysis by Connectivity, 2017 to 2032
Figure 79: Latin America Market Volume (Unit) Analysis by Connectivity, 2017 to 2032
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Connectivity, 2022 to 2032
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Connectivity, 2022 to 2032
Figure 82: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 83: Latin America Market Volume (Unit) Analysis by Application, 2017 to 2032
Figure 84: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 85: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 86: Latin America Market Attractiveness by Device Type, 2022 to 2032
Figure 87: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 88: Latin America Market Attractiveness by Connectivity, 2022 to 2032
Figure 89: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 90: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 91: Europe Market Value (US$ Million) by Device Type, 2022 to 2032
Figure 92: Europe Market Value (US$ Million) by Type, 2022 to 2032
Figure 93: Europe Market Value (US$ Million) by Connectivity, 2022 to 2032
Figure 94: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 95: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 96: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 97: Europe Market Volume (Unit) Analysis by Country, 2017 to 2032
Figure 98: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 99: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 100: Europe Market Value (US$ Million) Analysis by Device Type, 2017 to 2032
Figure 101: Europe Market Volume (Unit) Analysis by Device Type, 2017 to 2032
Figure 102: Europe Market Value Share (%) and BPS Analysis by Device Type, 2022 to 2032
Figure 103: Europe Market Y-o-Y Growth (%) Projections by Device Type, 2022 to 2032
Figure 104: Europe Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 105: Europe Market Volume (Unit) Analysis by Type, 2017 to 2032
Figure 106: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 107: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 108: Europe Market Value (US$ Million) Analysis by Connectivity, 2017 to 2032
Figure 109: Europe Market Volume (Unit) Analysis by Connectivity, 2017 to 2032
Figure 110: Europe Market Value Share (%) and BPS Analysis by Connectivity, 2022 to 2032
Figure 111: Europe Market Y-o-Y Growth (%) Projections by Connectivity, 2022 to 2032
Figure 112: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 113: Europe Market Volume (Unit) Analysis by Application, 2017 to 2032
Figure 114: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 115: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 116: Europe Market Attractiveness by Device Type, 2022 to 2032
Figure 117: Europe Market Attractiveness by Type, 2022 to 2032
Figure 118: Europe Market Attractiveness by Connectivity, 2022 to 2032
Figure 119: Europe Market Attractiveness by Application, 2022 to 2032
Figure 120: Europe Market Attractiveness by Country, 2022 to 2032
Figure 121: Asia Pacific Market Value (US$ Million) by Device Type, 2022 to 2032
Figure 122: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032
Figure 123: Asia Pacific Market Value (US$ Million) by Connectivity, 2022 to 2032
Figure 124: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 125: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 126: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 127: Asia Pacific Market Volume (Unit) Analysis by Country, 2017 to 2032
Figure 128: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 129: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 130: Asia Pacific Market Value (US$ Million) Analysis by Device Type, 2017 to 2032
Figure 131: Asia Pacific Market Volume (Unit) Analysis by Device Type, 2017 to 2032
Figure 132: Asia Pacific Market Value Share (%) and BPS Analysis by Device Type, 2022 to 2032
Figure 133: Asia Pacific Market Y-o-Y Growth (%) Projections by Device Type, 2022 to 2032
Figure 134: Asia Pacific Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 135: Asia Pacific Market Volume (Unit) Analysis by Type, 2017 to 2032
Figure 136: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 137: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 138: Asia Pacific Market Value (US$ Million) Analysis by Connectivity, 2017 to 2032
Figure 139: Asia Pacific Market Volume (Unit) Analysis by Connectivity, 2017 to 2032
Figure 140: Asia Pacific Market Value Share (%) and BPS Analysis by Connectivity, 2022 to 2032
Figure 141: Asia Pacific Market Y-o-Y Growth (%) Projections by Connectivity, 2022 to 2032
Figure 142: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 143: Asia Pacific Market Volume (Unit) Analysis by Application, 2017 to 2032
Figure 144: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 145: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 146: Asia Pacific Market Attractiveness by Device Type, 2022 to 2032
Figure 147: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 148: Asia Pacific Market Attractiveness by Connectivity, 2022 to 2032
Figure 149: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 150: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 151: Middle East & Africa Market Value (US$ Million) by Device Type, 2022 to 2032
Figure 152: Middle East & Africa Market Value (US$ Million) by Type, 2022 to 2032
Figure 153: Middle East & Africa Market Value (US$ Million) by Connectivity, 2022 to 2032
Figure 154: Middle East & Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 155: Middle East & Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 156: Middle East & Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 157: Middle East & Africa Market Volume (Unit) Analysis by Country, 2017 to 2032
Figure 158: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 159: Middle East & Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 160: Middle East & Africa Market Value (US$ Million) Analysis by Device Type, 2017 to 2032
Figure 161: Middle East & Africa Market Volume (Unit) Analysis by Device Type, 2017 to 2032
Figure 162: Middle East & Africa Market Value Share (%) and BPS Analysis by Device Type, 2022 to 2032
Figure 163: Middle East & Africa Market Y-o-Y Growth (%) Projections by Device Type, 2022 to 2032
Figure 164: Middle East & Africa Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 165: Middle East & Africa Market Volume (Unit) Analysis by Type, 2017 to 2032
Figure 166: Middle East & Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 167: Middle East & Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 168: Middle East & Africa Market Value (US$ Million) Analysis by Connectivity, 2017 to 2032
Figure 169: Middle East & Africa Market Volume (Unit) Analysis by Connectivity, 2017 to 2032
Figure 170: Middle East & Africa Market Value Share (%) and BPS Analysis by Connectivity, 2022 to 2032
Figure 171: Middle East & Africa Market Y-o-Y Growth (%) Projections by Connectivity, 2022 to 2032
Figure 172: Middle East & Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 173: Middle East & Africa Market Volume (Unit) Analysis by Application, 2017 to 2032
Figure 174: Middle East & Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 175: Middle East & Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 176: Middle East & Africa Market Attractiveness by Device Type, 2022 to 2032
Figure 177: Middle East & Africa Market Attractiveness by Type, 2022 to 2032
Figure 178: Middle East & Africa Market Attractiveness by Connectivity, 2022 to 2032
Figure 179: Middle East & Africa Market Attractiveness by Application, 2022 to 2032
Figure 180: Middle East & Africa Market Attractiveness by Country, 2022 to 2032
India is currently the key market in South Asia & Pacific with an 18.8% market share in 2022.
Demand for network devices globally is likely to surge at 5.6% CAGR through 2032.
The market is valued at USD 26.4 billion in 2023.
Indoor network devices remain dominant and could witness a 5.5% CAGR through 2032.
Enterprise networking is projected to expand at a high CAGR through 2032.
The United States market is poised to lead with almost USD 14.3 billion value in 2023.
The sales of Macarons in the United States and Europe might increase at 7.5% per year till 2033.
The market is valued at USD 1.43 billion in 2023.
The fruit-flavored macaron accounts for over 50% of sales in the United States and Europe.
Sales of macarons in supermarkets are anticipated to witness a high CAGR until 2033.
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