Network equipment market to reach $65.7 billion by 2023
Projection based on study by Future Market Insights Inc.
The worldwide network equipment market is determined to be esteemed at $65.788 billion by 2032, up from $29.544 billion in 2022, and progressing at a compound annual growth rate (CAGR) of 8.3% during the forecast period.
Network equipment describes the evolution and migration of fixed and mobile network infrastructures, including converged networks, proprietary networks, and other networks based on IP. Network equipment solutions require equipment for deployment that includes mobile backhaul equipment, metro access/aggregation, data center switches, enterprise switches, and routers.