Delivering more actionable and strategically valuable research, The Business Research Company’s 2026 market reports feature market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights.
#Network Devices Market Value Analysis: What Growth Is Expected Over The Forecast Period?#_x000D_
The network devices market size has experienced substantial growth in recent years. It is projected to expand from $31.07 billion in 2025 to $34.07 billion in 2026, at a compound annual growth rate (CAGR) of 9.7%. The expansion observed historically can be attributed to the broadening of internet connectivity, an increase in enterprise networking requirements, the widespread adoption of wired and wireless infrastructure, a rise in data traffic, and the evolution of routing technologies._x000D_
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The network devices market is projected to experience substantial growth in the upcoming years. This market is forecast to reach $49.42 billion by 2030, showing a compound annual growth rate (CAGR) of 9.7%. The expansion throughout the forecast period is primarily fueled by the increasing prevalence of 5G networks, a rise in IoT device deployments, a growing need for edge computing, a concentrated focus on secure network architectures, and the advancement of smart city infrastructure. Significant trends anticipated during this period include high-speed and low-latency networking, the adoption of wireless and Wi-Fi 6 technologies, the establishment of IoT-enabled network infrastructure, expanded edge networking deployment, and comprehensive advanced network security integration._x000D_
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#Network Devices Market Growth Factors Supporting Long-Term Expansion#_x000D_
An increasing population of internet users is projected to drive the growth of the network devices market. Internet users refer to individuals or entities that have access to and utilize the internet for connecting and engaging in various online activities such as browsing websites, sending emails, using social media, streaming content, and accessing online services. The global expansion of internet connectivity leads to an increased need for networking equipment like routers, switches, and access points. For instance, in November 2024, according to the International Telecommunication Union (ITU), a United Nations-based agency, approximately 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 propel the network devices market growth._x000D_
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#Network Devices Market Segment Landscape And Growth Potential_x000D_
The network devices market covered in this report is segmented – _x000D_
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1) By Device Type: Router, Gateway, Access Point_x000D_
2) By Type: Wired, Wireless_x000D_
3) By Connectivity: Wi-Fi, Cellular, LoRa, ZigBee, Bluetooth, Other Connectivities_x000D_
4) By Application: Residential, Commercial, Enterprise, Industrial, Transportation_x000D_
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Subsegments:_x000D_
1) By Router: Wired Routers, Wireless Routers, Core Routers, Edge Routers _x000D_
2) By Gateway: Network Gateways, Iot Gateways, Security Gateways, Protocol Gateways _x000D_
3) By Access Point: Wireless Access Points (WAPs), Indoor Access Points, Outdoor Access Points, Controller-Based Access Points _x000D_
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#Network Devices Market Innovation Trends: Which Developments Are Transforming The Industry?#_x000D_
Major companies operating in the network devices market are focusing on developing innovative solutions such as cloud network devices. A cloud network device is not a single specific piece of hardware, but rather a term for any virtual or software-based networking component that functions within a cloud computing environment. For instance, in October 2023, CyberTAN Technology Inc., a Taiwan-based company manufacturing broadband network equipment, launched the ‘CyberWiFi’ cloud network product series. The 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 demonstrate a proprietary cloud platform developed internally, incorporating crucial management functionalities tailored for small and medium-sized enterprise networks._x000D_
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#Network Devices Market Competitive Landscape: Who Are The Leading Companies?#_x000D_
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 _x000D_
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#Network Devices Market Geographic Landscape: Which Region Dominates Industry Growth?#_x000D_
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._x000D_
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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.