Network Infrastructure - Lithuania

Lithuania

Revenue in the Network Infrastructure market is projected to reach US$375.60m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$236.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.94%, resulting in a market volume of US$491.20m by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$286.20 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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Market

Region

Region comparison

Currency

Analyst Opinion

The Network Infrastructure market in Lithuania has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Network Infrastructure market in Lithuania have been shifting towards faster and more reliable internet connections. With the increasing demand for online services, such as video streaming, cloud computing, and e-commerce, consumers and businesses alike require robust network infrastructure to support their needs. This has led to a growing demand for high-speed broadband connections and advanced networking technologies. Trends in the market indicate a strong focus on the development of fiber-optic networks. Fiber-optic technology offers higher bandwidth and faster data transmission speeds compared to traditional copper-based networks. As a result, telecommunications companies in Lithuania are investing heavily in the deployment of fiber-optic infrastructure to meet the increasing demand for high-speed internet access. This trend is expected to continue as the country aims to achieve widespread coverage of fiber-optic networks. Another trend in the Network Infrastructure market in Lithuania is the adoption of 5G technology. 5G networks offer significantly faster speeds and lower latency compared to previous generations of mobile networks. This technology is expected to revolutionize various industries, including healthcare, manufacturing, and transportation. As a result, telecommunications companies in Lithuania are investing in the development and deployment of 5G infrastructure to enable the widespread adoption of this technology. Local special circumstances in Lithuania also contribute to the development of the Network Infrastructure market. The country has a highly educated workforce and a strong technology sector, which provides a favorable environment for the growth of the network infrastructure industry. Additionally, Lithuania has a strategic location in the Baltic region, making it an attractive hub for international telecommunications companies looking to expand their operations in Northern Europe. Underlying macroeconomic factors, such as government initiatives and investment incentives, also play a significant role in the development of the Network Infrastructure market in Lithuania. The government has implemented policies to promote the expansion of broadband networks and the adoption of advanced networking technologies. Furthermore, the availability of EU funding and investment incentives has encouraged both domestic and foreign companies to invest in the development of network infrastructure in the country. In conclusion, the Network Infrastructure market in Lithuania is experiencing significant growth due to customer preferences for faster and more reliable internet connections, the trend towards fiber-optic and 5G networks, local special circumstances such as a strong technology sector and strategic location, and underlying macroeconomic factors including government initiatives and investment incentives. This growth is expected to continue as the demand for high-speed internet access and advanced networking technologies continues to increase.

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.