Increasing Adoption of Wireless Technologies Boosts Network Devices Market

 At a CAGR of 6.6% over the forecast period, the network devices market is anticipated to increase from USD 26.4 billion in 2022 to USD 36.4 billion by 2027. Despite the COVID-19 epidemic creating some challenges in 2020–2021, the industry is anticipated to increase as more businesses build WiFi networks to connect commercial applications. When linking mission-critical corporate systems, this offers increased flexibility, scalability, dependability, and cost-effective benefits. In order to improve operations and create new income opportunities, core industrial sectors are increasingly focused on automating and digitalizing their business processes. The need for network devices including routers, gateways, and access points is likely to increase in the next years due to the expected rapid growth in the number of Internet users.

The deployment of WiFi networks by businesses is one of the major factors driving growth in the market for network equipment. Mission-critical corporate applications can be connected more cost-effectively, with greater flexibility, and with WiFi networks. Therefore, in order to optimise operations and create new income prospects, core industrial sectors are eager to automate and digitalize their business processes.

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Overall, the network devices market is expected to experience strong growth in the coming years, driven by the need for automation and digitalization, the rise in the number of Internet users, and the increasing adoption of wireless technologies. As businesses look to streamline operations and drive new revenue opportunities, the demand for network devices is likely to continue to rise.

Additionally, it is anticipated that the need for network hardware, including routers, gateways, and access points, will continue to grow as more people access the internet. The demand for dependable and effective network equipment has increased as more people use the Internet for work, leisure, and communication.

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