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APAC Networking Equipment Market to Reach $42,753.4 Million by 2024

APAC Networking Equipment Market to Reach $42,753.4 Million by 2024

Published: July 2019

The APAC networking equipment market is expected to reach $42,753.4 million by 2024, registering a CAGR of 11.3% during the forecast period. The major factors stimulating the market growth include increasing deployment of cloud-based services, shift toward digital transformation, and surge in the adoption of IoT-enabled devices, according to P&S Intelligence.

Insights into the market segments

Based on type, the APAC networking equipment market is categorized into router, switch, security device, modem, cable, storage device, access point, repeater, bridge, NIC, and others including antennas, amplifiers, and hubs. Among these categories, router held the largest market share in 2018. This is attributed to rising bandwidth requirement in the region, increasing deployment of 5G network in countries including China, Japan, and South Korea.

Cable category is further classified into coaxial, twisted pair, fiber optics, crossover, and patch. Of these, twisted pair cable held the largest revenue share in 2018. Moreover, the market for fiber optics cable is projected to register the fastest growth during the forecast period. This is attributed to the increasing internet penetration in the region and the demand for high-speed data transmission, which is enabled by optical fibers. Moreover, with growing medical and healthcare industries in APAC, the deployment of optical fibers is surging, owing to their applications in endoscopy, microscopy, and biomedical research.

Based on end user, the APAC networking equipment market is classified into telecom/ISP, residential, data center, government and transportation, and commercial. Of these, government and transportation segments are expected to hold the largest market share during the forecast period. However, data centers are projected to record significant growth during the forecast period, owing to the increasing digitalization in the region and rise in demand for cloud-based services. The major APAC countries, including Singapore, China, India, Japan, and Indonesia, are exhibiting the demand for data centers to store, manage, and disseminate their data.

Based on country, China networking equipment market is expected to continue holding the largest share throughout the forecast period, by 2024. This is attributed to the increasing IT spending, surging growth of telecommunication sector, advent of cloud computing, and growing information and communication technology (ICT) industry in the country. Moreover, key players in the APAC market have manufacturing sites in China, which offer cheaper and durable networking equipment, further propelling the market growth in the country.

Growing over the top (OTT) industry driving networking equipment market in the region

Growing OTT industry in APAC is aiding to the growth of the networking equipment market in the region. Countries like India and China are posting a strong growth in the OTT industry. For instance, as of 2018, size of the Indian OTT market was nearly $1 billion and is expected to reach a sum of around $5 billion by 2023. Increasing internet penetration and digital transformation further fueling the growth of the OTT market in India. Furthermore, in China, subscription video on demand (SVoD) revenue is expected to reach nearly $15 billion by 2021 from around $4 billion in 2016. Thus, seamless wireless connectivity is an essential requirement to watch videos at anytime and anywhere from any device, and this is further expected to drive the demand for networking equipment in the region during the forecast period.

Browse report overview with 385 tables and 205 figures spread through 443 pages and detailed TOC on "Asia-Pacific (APAC) Networking Equipment Market Research Report: By Type (Router, Switch, Security Device, Modem, Cable, Storage Device, Access Point, Repeater/Booster/Range Extender, Bridge, NIC), End-User (Government and Transportation, Commercial, ISP, Data Center, Residential), Regional Insight (China, Japan, India, South Korea, Australia, Indonesia, Singapore) – Industry Analysis and Growth Forecast to 2024" at:https://www.psmarketresearch.com/market-analysis/apac-networking-equipment-market

APAC Networking Equipment Market Competitive Landscape

With the presence of numerous market players, presently APAC networking equipment market is highly competitive. However, few companies such as Huawei Technologies Co. Ltd. Cisco Systems Inc., and ZTE Corporation held the major share of this market in 2018.

Some of the other key players operating in the APAC networking equipment market include D-Link Corporation, NETGEAR INC., TP-Link Technologies Co. Ltd., CommScope Holding Company Inc., Juniper Networks Inc., IBM Corporation, and Nokia Corporation.

APAC Networking Equipment Market Segmentation

Market Segmentation by Type

Router
- By type
  - Wired
  - Wireless
- By maximum speed
  - 150 Mbps
  - 300 Mbps
  - 450 Mbps
  - 600 Mbps
  - Above 600 Mbps
- By end user
  - Government and transportation
  - Commercial
  - Telecom/ISP
  - Data center
  - Residential
Switch
- By type
  - Managed
  - Unmanaged
- By number of ports
  - Less than 5
  - 5–16
  - 17–24
  - 25–48
  - Above 48
- By end user
  - Government and transportation
  - Commercial
  - Telecom/ISP
  - Data center
  - Residential
Security Device
- By type
  - Firewall
  - Others (e-mail security system, intrusion detection system, access control system, data loss prevention system, and application security system)
Modem
- By type
  - Wired
  - Wireless
Cable
- By type
  - Twisted pair
  - Coaxial
  - Fiber optics
  - Crossover
  - Patch
Storage Device
- By type
  - Storage area network (SAN)
  - Directly attached storage (DAS)
  - Network attached storage (NAS)
Access Point
- By maximum speed
  - 150 Mbps
  - 300 Mbps
  - Above 300 Mbps
- By type
  - Dependent
  - Independent
- By application
  - Outdoor
  - Indoor
Repeater/Booster/Range Extender
- By maximum speed
  - 150 Mbps
  - 300 Mbps
  - Above 300 Mbps
Bridge
- By type
  - Transparent
  - Source-Routing
Network Interface Card (NIC)/Adapter
- By type
  - Ethernet
  - Wireless
- Others

Market Segmentation by End User

Government and Transportation
Commercial
- By type
  - BFSI
  - Healthcare
  - Hospitality
  - Commercial offices
- By enterprise size
  - Large enterprises
  - Small and medium enterprises (SMEs)
Telecom/Internet Service Provider (ISP)
Data Center
Residential

Market Segmentation by Country

China Networking Equipment Market
- By type
- By end user
Japan Networking Equipment Market
- By type
- By end user
India Networking Equipment Market
- By type
- By end user
South Korea Networking Equipment Market
- By type
- By end user
Australia Networking Equipment Market
- By type
- By end user
Indonesia Networking Equipment Market
- By type
- By end user
Singapore Networking Equipment Market
- By type
- By end user
Rest of APAC Networking Equipment Market
- By type
- By end user