Network Infrastructure - Ireland

Ireland

Revenue in the Network Infrastructure market is projected to reach US$0.92bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$0.61bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.87%, resulting in a market volume of US$1.20bn by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$372.30 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 Ireland has experienced significant growth in recent years.

Customer preferences: Customers in Ireland are increasingly demanding faster and more reliable network infrastructure to support their growing digital needs. With the rise of cloud computing, big data analytics, and the Internet of Things (IoT), businesses and individuals alike require robust network infrastructure to connect and communicate effectively. Additionally, the increasing popularity of online streaming services and social media platforms has led to a surge in data consumption, further driving the need for improved network infrastructure.

Trends in the market: One of the key trends in the Network Infrastructure market in Ireland is the deployment of 5G technology. As the fifth generation of wireless technology, 5G offers significantly faster speeds, lower latency, and greater capacity compared to its predecessors. This technology enables a wide range of applications, including autonomous vehicles, smart cities, and virtual reality. The rollout of 5G in Ireland is expected to drive the demand for network infrastructure upgrades and investments. Another trend in the market is the increasing adoption of fiber optic networks. Fiber optic cables provide faster and more reliable connectivity compared to traditional copper cables. As a result, many businesses and households in Ireland are upgrading their network infrastructure to fiber optic networks to meet their growing data needs. This trend is expected to continue as the demand for high-speed internet and bandwidth-intensive applications continues to rise.

Local special circumstances: Ireland has a strong technology ecosystem and is home to many multinational technology companies. This has created a favorable environment for innovation and investment in network infrastructure. The Irish government has also recognized the importance of network infrastructure in driving economic growth and has made efforts to promote investment in broadband and connectivity across the country. These initiatives have further fueled the development of the Network Infrastructure market in Ireland.

Underlying macroeconomic factors: The strong economic growth in Ireland has contributed to the development of the Network Infrastructure market. As businesses expand and new companies establish their presence in the country, there is a growing need for reliable network infrastructure to support their operations. Additionally, the increasing digitalization of various sectors, such as finance, healthcare, and education, has further driven the demand for network infrastructure. In conclusion, the Network Infrastructure market in Ireland is experiencing significant growth due to customer preferences for faster and more reliable connectivity, the deployment of 5G technology, the adoption of fiber optic networks, the presence of a strong technology ecosystem, and the favorable macroeconomic factors. These trends and circumstances are expected to continue driving the development of the market in the coming years.

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.