Network Infrastructure - Singapore

Singapore

Revenue in the Network Infrastructure market is projected to reach US$0.69bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$0.50bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.87%, resulting in a market volume of US$0.90bn by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$187.50 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

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Currency

Analyst Opinion

The Network Infrastructure market in Singapore has been experiencing significant growth in recent years.

Customer preferences: Customers in Singapore have shown a strong preference for advanced and reliable network infrastructure solutions. They are increasingly demanding high-speed internet connectivity, as well as seamless and uninterrupted communication services. This is driven by the growing reliance on digital technologies and the need for efficient data transfer and storage. Additionally, customers in Singapore are also seeking solutions that offer scalability and flexibility to accommodate their evolving business needs.

Trends in the market: One of the key trends in the Network Infrastructure market in Singapore is the increasing adoption of cloud computing. Cloud-based solutions offer businesses the ability to access and store data remotely, reducing the need for on-premises infrastructure. This trend is driven by the growing demand for cost-effective and scalable solutions, as well as the need for enhanced data security and disaster recovery capabilities. Another trend in the market is the rise of Internet of Things (IoT) devices. With the proliferation of connected devices, there is a growing need for robust network infrastructure to support the seamless transfer of data between these devices. This includes the deployment of advanced networking technologies such as 5G, which can provide higher speeds and lower latency.

Local special circumstances: Singapore is known for its strong government support for technology and innovation. The government has implemented various initiatives to promote the development and adoption of advanced network infrastructure solutions. This includes investments in research and development, as well as the establishment of testbeds and innovation centers. These initiatives have created a favorable environment for technology companies to develop and deploy cutting-edge network infrastructure solutions in Singapore.

Underlying macroeconomic factors: The growth of the Network Infrastructure market in Singapore can be attributed to several underlying macroeconomic factors. Singapore has a strong and stable economy, which has attracted multinational companies and technology firms to establish their regional headquarters in the country. This has led to increased demand for network infrastructure solutions to support their operations. Furthermore, Singapore has a highly connected population with a high internet penetration rate. This has created a strong demand for network infrastructure to support the increasing use of digital services such as e-commerce, online banking, and video streaming. The government's push for a Smart Nation initiative has further accelerated the adoption of advanced network infrastructure solutions to support the development of smart cities and digital services. In conclusion, the Network Infrastructure market in Singapore is experiencing significant growth due to customer preferences for advanced and reliable solutions, the adoption of cloud computing and IoT devices, strong government support, and underlying macroeconomic factors such as a stable economy and high internet penetration rate.

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.