Network Infrastructure - Belgium

Belgium

Revenue in the Network Infrastructure market is projected to reach €1.33bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of €0.90bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.76%, resulting in a market volume of €1.76bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach €244.50 in 2024.
In global comparison, most revenue will be generated in China (€58,330m in 2024).

Key regions: India, China, Brazil, Indonesia, Japan

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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Analyst Opinion

The demand for network infrastructure in the Belgian data center market is driven by the increasing adoption of digital technologies and growing awareness of the importance of reliable network connectivity. The mild growth rate is influenced by factors such as the emergence of new technologies, evolving network needs of both service providers and enterprises, and the need for efficient data management and security.

Customer preferences: There has been a growing demand for energy-efficient and environmentally sustainable data centers in Belgium, driven by increasing awareness about climate change and government regulations. This has led to a rise in the adoption of green data center solutions, such as renewable energy sources and efficient cooling systems. Additionally, there is a growing trend towards modular data centers, which offer flexibility and scalability to meet changing business needs.

Trends in the market: In Belgium, the Network Infrastructure Market within the Data Center Market is experiencing a shift towards software-defined networking (SDN) and network function virtualization (NFV). This trend is driven by the need for increased flexibility, scalability, and cost-efficiency in data center networks. Additionally, there is a growing demand for edge computing and 5G connectivity, which requires robust and agile network infrastructure. These developments have significant implications for industry stakeholders, as they must adapt to the changing landscape and invest in new technologies to remain competitive. Moreover, the rise of cloud services and Internet of Things (IoT) devices will further drive the demand for advanced network infrastructure solutions in the data center market.

Local special circumstances: In Belgium, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's strong focus on sustainability and energy efficiency. This has led to the implementation of strict regulations and incentives for companies to adopt green data center practices. Additionally, the country's central location and highly developed telecommunications infrastructure make it a prime location for international connectivity and data exchange, driving the demand for robust network infrastructure within data centers.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Belgium is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in network infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the growing demand for data storage and processing due to the increasing use of digital technologies in various industries is also driving the growth of this market.

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.