Network Infrastructure - Bosnia and Herzegovina

Bosnia and Herzegovina

Revenue in the Network Infrastructure market is projected to reach US$59.17m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$43.18m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.58%, resulting in a market volume of US$76.36m by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$46.78 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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Analyst Opinion

The Network Infrastructure market in Bosnia and Herzegovina is experiencing significant growth and development.

Customer preferences: Customers in Bosnia and Herzegovina are increasingly demanding faster and more reliable network infrastructure to support their growing digital needs. With the rise of e-commerce, online banking, and digital entertainment, there is a greater demand for high-speed internet connectivity and seamless communication. Additionally, businesses in the country are also investing in network infrastructure to enhance their operations and improve productivity.

Trends in the market: One of the key trends in the Network Infrastructure market in Bosnia and Herzegovina is the increasing adoption of fiber optic technology. Fiber optic networks offer higher bandwidth and faster data transmission speeds compared to traditional copper-based networks. This trend is driven by the need for faster internet connections and the growing demand for high-quality streaming services. Another trend is the deployment of 5G networks. The introduction of 5G technology in Bosnia and Herzegovina will revolutionize the way people connect and communicate. With its ultra-low latency and high-speed connectivity, 5G networks will enable the development of new technologies such as autonomous vehicles, smart cities, and the Internet of Things (IoT).

Local special circumstances: Bosnia and Herzegovina is a country with a relatively small population and a developing economy. However, it has a high internet penetration rate, with a significant portion of the population having access to the internet. This presents a unique opportunity for companies operating in the Network Infrastructure market to cater to a growing customer base.

Underlying macroeconomic factors: The growth of the Network Infrastructure market in Bosnia and Herzegovina is also influenced by various macroeconomic factors. The country has been experiencing steady economic growth in recent years, which has led to increased investments in infrastructure development. The government is actively promoting digitalization and investing in the expansion of broadband networks to support economic growth and improve connectivity across the country. In conclusion, the Network Infrastructure market in Bosnia and Herzegovina is witnessing significant growth and development. Customer preferences for faster and more reliable network infrastructure, along with the adoption of fiber optic technology and the deployment of 5G networks, are driving this growth. Additionally, the country's high internet penetration rate and favorable macroeconomic factors contribute to the expansion of the market.

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.