Network Infrastructure - Montenegro

Montenegro

Revenue in the Network Infrastructure market is projected to reach US$24.69m in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$17.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.64%, resulting in a market volume of US$31.93m by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$87.65 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

Montenegro, a small country located on the Adriatic coast, has seen significant developments in its network infrastructure market in recent years. With a growing economy and increasing demand for digital connectivity, the country has witnessed a surge in investments in telecommunications and internet infrastructure. Customer preferences in Montenegro have shifted towards faster and more reliable internet connections. As the country's economy becomes increasingly digitalized, businesses and individuals alike are seeking high-speed internet access to support their online activities. This has led to a rise in demand for fiber optic networks, which offer faster and more stable connections compared to traditional copper-based networks. Additionally, there is a growing demand for mobile broadband services, as more people rely on smartphones and tablets for their internet needs. Trends in the network infrastructure market in Montenegro reflect global patterns, with a focus on expanding coverage and improving network quality. Telecom operators are investing in the deployment of 5G networks, which promise to deliver faster speeds and lower latency. This technology is expected to revolutionize various industries, including healthcare, transportation, and manufacturing, by enabling advanced applications such as remote surgery, autonomous vehicles, and smart factories. In addition to 5G, there is also a push to expand the coverage and capacity of existing 4G networks to meet the growing demand for mobile data. Local special circumstances in Montenegro further contribute to the development of the network infrastructure market. The country's small size and relatively high population density make it easier and more cost-effective to deploy network infrastructure compared to larger countries. Furthermore, Montenegro's status as a popular tourist destination has led to an increase in demand for internet connectivity in hotels, resorts, and other tourist facilities. To cater to this demand, telecom operators and service providers are investing in expanding their network coverage in tourist areas. Underlying macroeconomic factors also play a role in the development of the network infrastructure market in Montenegro. The country has experienced steady economic growth in recent years, driven by sectors such as tourism, real estate, and renewable energy. This economic growth has created a favorable environment for investment in network infrastructure, as businesses and individuals have more disposable income to spend on digital services. Additionally, Montenegro's strategic location within the Western Balkans region makes it an attractive market for international telecom companies looking to expand their presence in the region. In conclusion, the network infrastructure market in Montenegro is experiencing significant growth and development. Customer preferences for faster and more reliable internet connections, along with global trends such as the deployment of 5G networks, are driving investments in network infrastructure. The country's small size, high population density, and status as a tourist destination further contribute to the development of the market. Additionally, Montenegro's steady economic growth and strategic location make it an attractive market for telecom companies.

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.