Enterprise Network Infrastructure - Serbia

  • Serbia
  • Revenue in the Enterprise Network Infrastructure market is projected to reach US$146.50m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.52%, resulting in a market volume of US$210.80m by 2028.
  • The average Spend per Employee in the Enterprise Network Infrastructure market is projected to reach US$37.20 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$13,060m in 2024).

Key regions: United States, Japan, China, Italy, Indonesia

 
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Analyst Opinion

The Enterprise Network Infrastructure market in Serbia is experiencing steady growth and development, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Serbia are increasingly focused on reliable and secure network infrastructure solutions. With the rise of digitalization and the increasing dependence on technology, businesses in Serbia are recognizing the importance of having a robust and efficient network infrastructure to support their operations. This includes reliable connectivity, high-speed internet access, and secure data transmission. As a result, there is a growing demand for enterprise network infrastructure solutions that can meet these requirements. Trends in the market indicate a shift towards cloud-based network infrastructure solutions in Serbia. Cloud computing offers numerous benefits, such as scalability, flexibility, and cost-efficiency, which are highly attractive to businesses in Serbia. By leveraging cloud-based network infrastructure solutions, businesses can easily scale their operations, access data and applications from anywhere, and reduce their IT infrastructure costs. This trend is further supported by the increasing availability of high-speed internet connectivity in Serbia, which enables businesses to effectively utilize cloud-based solutions. Local special circumstances in Serbia, such as the government's focus on digital transformation and the growing startup ecosystem, are also contributing to the development of the Enterprise Network Infrastructure market. The Serbian government has been actively promoting digitalization across various sectors, which has created a favorable environment for businesses to invest in network infrastructure solutions. Additionally, the growing startup ecosystem in Serbia is driving the demand for reliable and scalable network infrastructure, as startups require robust connectivity and infrastructure to support their innovative ideas and operations. Underlying macroeconomic factors, such as economic growth and foreign investments, are further fueling the development of the Enterprise Network Infrastructure market in Serbia. As the Serbian economy continues to grow, businesses are expanding their operations and investing in technology to stay competitive. This includes investments in network infrastructure to support their growth and enable digital transformation. Furthermore, foreign investments in Serbia are also contributing to the development of the market, as international companies bring in advanced network infrastructure solutions and technologies. In conclusion, the Enterprise Network Infrastructure market in Serbia is experiencing growth and development driven by customer preferences for reliable and secure solutions, the trend towards cloud-based infrastructure, local special circumstances such as government support for digital transformation and a growing startup ecosystem, and underlying macroeconomic factors such as economic growth and foreign investments. These factors are shaping the market landscape and creating opportunities for businesses in Serbia to invest in advanced network infrastructure solutions.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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