Press release
India Networking Market Set to Surge: Projected CAGR of 18.6% to Reach Nearly USD 225.69 Million by 2027
India Networking Market
India Networking Market size was valued at US$ 68.38 Mn. in 2020 and the total revenue is expected to grow at a CAGR of 18.6% through 2021 to 2027, reaching nearly US$ 225.69 Mn.
India Networking Market Overview:
The India Networking Market, valued at USD 68.38 million in 2020, is projected to expand significantly, reaching nearly USD 225.69 million by 2027, with a robust compound annual growth rate (CAGR) of 18.6%. Networking encompasses the integration of various devices including computers, mobile phones, and IoT devices through both wired and wireless technologies. As Asia's IT hub, India exhibits immense potential in this sector, with major companies like TCS, Infosys, and Wipro actively seeking skilled professionals. The market's growth is propelled by advancements in networking infrastructure, supported by government initiatives like "Digital India" and increased investments in technology and public infrastructure.
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Drivers in the India Networking Market:
The India Networking Market is driven by increasing awareness of networking solutions and the growing need for efficient and agile networking infrastructure. Government initiatives, such as the "Digital India" campaign, significantly contribute to market growth by enhancing public infrastructure and promoting digitization across sectors. Additionally, rising investments in Ethernet switches, routers, and WLAN technologies by enterprises and service providers are fueling the market, driven by the demand for advanced networking solutions to support expanding digital operations.
India Networking Market Trends:
The market is witnessing a surge in the adoption of next-generation networking technologies, with notable investments in Ethernet switches, WLAN, and routers. The WLAN segment is particularly growing due to its versatility in emergency situations and the need for wireless connectivity. Increased automation and orchestration in network management are also emerging trends, reflecting a shift towards more sophisticated networking solutions that cater to both enterprise and service provider needs.
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India Networking Market Opportunities:
Opportunities in the India Networking Market are driven by substantial investments in enterprise networking and government-backed infrastructure projects. The rising demand for cloud-based solutions and remote work setups presents significant prospects for networking companies. Additionally, the expansion of telecom and banking sectors, coupled with increased awareness of networking benefits, provides a fertile ground for growth and innovation in the market.
Regional Insight:
North India is expected to dominate the India Networking Market through 2027, driven by growing networking awareness and the increasing demand for efficient networking infrastructure. This region's strong presence of key players and rising adoption of WLAN, Ethernet switches, and routers contribute to its leading market position. The continued expansion in North India's networking sector underscores its pivotal role in the overall growth of India's networking landscape.
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Segmentation Analysis India Networking Market:
by Product Type
โข Ethernet Switch
โข WLAN
โข Router
by Application
โข Enterprises
โข Telecom Service Providers
โข Others
Who is the largest manufacturers of India Networking Market worldwide?
โข D-Link
โข TP-LINK Technologies Co., Ltd.
โข ARRIS International PLC
โข Huawei Technologies Co.
โข Cisco Systems, Inc.
โข Nokia Corporation
โข Hewlett Packard Enterprise
โข Juniper Networks, Inc.
โข Orange
โข BT India Pvt Ltd.
โข Sophos
โข HCL
โข CSS Corp
โข Bharti Airtel
โข Dimension Data
โข Verizon
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