Network Infrastructure - Hungary

Hungary

Revenue in the Network Infrastructure market is projected to reach US$413.20m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$313.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.10%, resulting in a market volume of US$523.60m by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$89.79 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.

For more information on the data displayed, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Network Infrastructure market in Hungary has been experiencing significant growth in recent years, driven by a number of factors including customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Network Infrastructure market in Hungary have been shifting towards faster and more reliable internet connections. With the increasing demand for online services, such as streaming, gaming, and remote working, consumers are seeking high-speed internet connections to support their digital activities. This has led to a growing demand for advanced network infrastructure solutions that can provide faster and more stable internet connections. In addition to customer preferences, there are several market trends that are driving the growth of the Network Infrastructure market in Hungary. One trend is the increasing adoption of cloud computing services. Businesses are increasingly relying on cloud-based applications and services, which require robust network infrastructure to ensure seamless connectivity and data transfer. This has resulted in a growing demand for network infrastructure solutions that can support cloud computing. Another trend in the market is the rise of the Internet of Things (IoT). With the proliferation of connected devices, such as smart home appliances, wearable devices, and industrial sensors, there is a need for network infrastructure that can handle the increased data traffic and provide reliable connectivity. This has created opportunities for network infrastructure providers to offer solutions that can support the growing number of IoT devices. Local special circumstances in Hungary have also contributed to the growth of the Network Infrastructure market. The government has been investing in the development of digital infrastructure, including broadband networks, to improve internet connectivity across the country. This has created a favorable environment for network infrastructure providers to expand their operations and offer their solutions to a larger customer base. Underlying macroeconomic factors have also played a role in the development of the Network Infrastructure market in Hungary. The country has experienced steady economic growth in recent years, which has increased the purchasing power of consumers and businesses. This has resulted in higher investments in digital technologies, including network infrastructure, to support economic activities and drive innovation. In conclusion, the Network Infrastructure market in Hungary is experiencing significant growth due to customer preferences for faster and more reliable internet connections, market trends such as the adoption of cloud computing and the rise of IoT, local special circumstances including government investments in digital infrastructure, and underlying macroeconomic factors such as steady economic growth. These factors are driving the demand for network infrastructure solutions in Hungary and creating opportunities for providers in 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.