Network Infrastructure - Belgium

Belgium

Revenue in the Network Infrastructure market is projected to reach US$1.21bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$0.84bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.56%, resulting in a market volume of US$1.56bn by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$236.80 in 2024.
In global comparison, most revenue will be generated in China (US$45,690m in 2024).

Key regions: Europe, India, China, Japan, Germany

Definition:

The Network Infrastructure market focuses on hardware resources essential for service provider and enterprise networks. This market specifically focuses on solutions designed for the complex networking requirements of businesses and organizations, setting aside options like consumer-grade networking hardware products such as basic WIFI routers and network switches. These network infrastructure components are crucial in environments where reliable and secure connectivity, as well as efficient network operations, are paramount, establishing them as a fundamental part of the IT infrastructure in various industries.

Structure:

The Network Infrastructure market is structured in two markets based on the services model provided by the companies.

Service Provider Network Infrastructure covers the hardware resources of telecommunication service companies that enable wired and wireless network connectivity and communication to transfer voice and data.
Enterprise Network Infrastructure covers the hardware resources that enable wired and wireless network connectivity, communication, operations, and management of enterprises.

Additional Information:

The Network Infrastructure market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Network Infrastructure market include companies such as Huawei, HPE, Cisco, and Ericsson.

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Region

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Currency

Analyst Opinion

The Network Infrastructure market in Belgium is experiencing significant growth and development in recent years.

Customer preferences: Customers in Belgium are increasingly demanding faster and more reliable network infrastructure to support their digital activities. With the growing adoption of cloud computing, big data analytics, and the Internet of Things (IoT), businesses and individuals alike are relying on robust network infrastructure to connect and communicate. Additionally, the proliferation of mobile devices and the increasing demand for high-speed internet access have further fueled the need for improved network infrastructure in the country.

Trends in the market: One of the key trends in the Network Infrastructure market in Belgium is the deployment of 5G technology. As the fifth generation of wireless technology, 5G offers significantly faster speeds and lower latency compared to previous generations. This is driving the demand for upgraded network infrastructure to support the rollout of 5G networks across the country. Telecom operators and infrastructure providers are investing heavily in upgrading their networks to accommodate the increased data traffic and deliver the promised benefits of 5G technology. Another trend in the market is the shift towards software-defined networking (SDN) and network function virtualization (NFV). SDN allows for more flexible and efficient network management by separating the control plane from the data plane, while NFV enables the virtualization of network functions, such as firewalls and load balancers. These technologies are gaining traction in Belgium as they offer cost savings, scalability, and agility, making network infrastructure more adaptable to changing business needs.

Local special circumstances: Belgium is home to several major international organizations, including the European Commission and NATO. This has led to a high concentration of data centers and a strong demand for reliable network infrastructure to support the operations of these organizations. The presence of these institutions has also attracted foreign investment in the country, further driving the growth of the Network Infrastructure market.

Underlying macroeconomic factors: The strong economy and favorable business environment in Belgium have contributed to the growth of the Network Infrastructure market. The country has a highly developed telecommunications industry and a well-established regulatory framework that promotes competition and innovation. Additionally, Belgium's strategic location in Europe makes it an attractive hub for international businesses, further driving the demand for advanced network infrastructure. In conclusion, the Network Infrastructure market in Belgium is experiencing significant growth and development driven by customer preferences for faster and more reliable connectivity, the deployment of 5G technology, the adoption of SDN and NFV, the presence of major international organizations, and the country's strong economy and favorable business environment.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.