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Network Devices Market Size Forecast: How Big Could The Market Get By 2030?
The market size for network devices has seen substantial growth in recent years. It is forecast to grow from $31.07 billion in 2025 to $34.07 billion in 2026, at a compound annual growth rate (CAGR) of 9.7%. Historically, this expansion has been driven by increased internet connectivity, rising enterprise networking demands, the adoption of wired and wireless infrastructure, a surge in data traffic, and developments in routing technologies.
The network devices market size is projected to experience substantial expansion in the coming years, reaching a valuation of $49.42 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 9.7%. This anticipated growth over the forecast period stems from factors such as the expansion of 5G networks, an increase in IoT device deployments, the growing need for edge computing, an emphasis on secure network architectures, and the development of smart city infrastructure. Key trends anticipated during this period encompass high-speed and low-latency networking, the adoption of wireless and Wi-Fi 6 technologies, the implementation of IoT-enabled network infrastructure, the deployment of edge networking solutions, and the integration of advanced network security.
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Network Devices Market Demand Drivers: What’s Powering Industry Growth?
The expansion of the network devices market is anticipated to be driven by the increasing number of internet users. Internet users refer to individuals or entities that access and utilize the internet for various online activities, including browsing websites, sending emails, engaging on social media, streaming content, and accessing online services. This global rise in internet connectivity inherently escalates the requirement for networking equipment like routers, switches, and access points. For instance, in November 2024, data from the International Telecommunication Union (ITU), a United Nations-based agency, indicated that around 5.5 billion people were using the Internet in 2024, marking an increase of 227 million users from 2023. Therefore, the growing number of internet users is expected to significantly propel the network devices market growth.
Network Devices Market Segment Analysis: What Are The Core Market Categories?
The network devices market covered in this report is segmented –
1) By Device Type: Router, Gateway, Access Point
2) By Type: Wired, Wireless
3) By Connectivity: Wi-Fi, Cellular, LoRa, ZigBee, Bluetooth, Other Connectivities
4) By Application: Residential, Commercial, Enterprise, Industrial, Transportation
Subsegments:
1) By Router: Wired Routers, Wireless Routers, Core Routers, Edge Routers
2) By Gateway: Network Gateways, Iot Gateways, Security Gateways, Protocol Gateways
3) By Access Point: Wireless Access Points (WAPs), Indoor Access Points, Outdoor Access Points, Controller-Based Access Points
Network Devices Market Innovation Trends: What Developments Are Reshaping The Industry?
Leading companies in the network devices market are concentrating on developing innovative solutions, such as cloud network devices. A cloud network device is not a singular specific piece of hardware; rather, it denotes any virtual or software-based networking component that operates within a cloud computing environment. For instance, in October 2023, CyberTAN Technology Inc., a Taiwan-based broadband network equipment manufacturing company, launched the ‘CyberWiFi’ cloud network product series. This product lineup consists of an Outdoor Long Range Fixed Wireless Access Point, Controller, Indoor Wall Mount Access Point, Managed Switch, and Indoor Ceiling Mount Access Point. The CyberWiFi products feature a proprietary cloud platform developed in-house, integrating crucial management functionalities tailored for small and medium-sized enterprise networks.
Network Devices Market Top Companies Driving Competitive Growth
Major companies operating in the network devices market are Dell Technologies; Huawei; Cisco Systems; Hewlett Packard Enterprise; Juniper Networks; Fortinet; Arista Networks; F5 Networks; Brocade Communications; Ubiquiti; Extreme Networks; Zyxel Communications; Netscout; D-Link; SonicWall; Barracuda Networks; Allied Telesis; Ruckus Networks; Cradlepoint; Aerohive Networks; WatchGuard Technologies; TP-Link Technologies
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Network Devices Market Geographic Spread And Regional Opportunities
North America was the largest region in the network devices market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
