In 2018, the Asia-Pacific networking equipment market attained a value of $22,875.2 million and is projected to witness a
11.3% CAGR during the forecast period (2019–2024).
The market is growing due to
the expanding over the top (OTT) industry, rising cyber security expenditure,
increasing data traffic, surging penetration of bring your own device, and
rising demand for connected workplace. Physical networking devices that are
required for interaction and communication between electronic devices over a
computer network are referred to as networking equipment.
On the basis of type, the APAC networking equipment market
is categorized into switch, modem, storage device, repeater/range
extender/booster, NIC/adapter, router, security device, cable, access point,
bridge, and others (which include amplifiers, hubs, and antennas).
Out of
these, the market was dominated by the router category during the historical
period (2014–2018), which is further projected to hold the largest share of the
market during the forecast period. This is due to the increasing requirement
for high-speed data transmission from the customers, which has compelled large
enterprises to improve network efficiency at reduced operational costs.
When end user is taken into consideration, the APAC
networking equipment market is divided into commercial, telecom/internet
service provider (ISP), residential, data center, and government &
transportation.
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Among these, the government & transportation division
accounted for the major share of the market during the historical period and is
expected to retain its position during the forecast period.
The residential
division is projected to advance at the fastest pace during the forecast
period, which is due to the increasing number of residential building projects
in countries including Japan, India, and China.
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