Service Provider Network Infrastructure Industry Overview

The global service provider network infrastructure market size is expected to reach USD 184.7 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2022 to 2028. The global market for service provider network infrastructure is expected to advance due to the growing demand for network infrastructure services among small- and medium-sized enterprises, increasing investments in upgrading networks to improve communication speed, the emergence of the public and private network infrastructure, and the rising adoption of mobile devices.

Service Provider Network Infrastructure Market Segmentation

Grand View Research has segmented the global service provider network infrastructure market based on technology, industry, enterprise size, and region:

Based on the Industry Insights, the market is segmented into Healthcare, Retail and eCommerce, Banking, Financial Services Insurance, Government Defense, Information Technology Telecommunications, Manufacturing, Others

• The healthcare industry segment is likely to expand with the highest growth rate of 5.5% from 2022 to 2028. With the increasing awareness about well-being, citizens have become very careful about their health. Thus, healthcare institutes and enterprises closely monitor and track the health history of patients to aid in offering better health treatments and services. 
• The banking, financial services, insurance industry is dominating the service provider network infrastructure market with a contribution of around 18% in 2021. This sector has started the adoption of digital platforms for the ease of banking and related operations. 

Based on the Enterprise Size Insights, the market is segmented into SMEs and Large Enterprises

• The large enterprises segment dominated the market with a share of around 70.0% in 2021 and is expected to progress with a CAGR of 3.5% from 2022 to 2028. Large enterprises include enterprises with more than 1000 employees. These enterprises have a huge budget and can invent new technologies and adopt the same.
• The SMEs segment is likely to expand at a higher CAGR of 5.5% from 2022 to 2028. SMEs stand for the Small and Medium-sized enterprises. These enterprises are with less than a billion USD in revenue and have less than 1000 employees. These enterprises are generally short of funds and limited resources. 

Based on the Technology Insights, the market is segmented into Routers Switches, Carrier IP Telephony, Broadband Access Optical Transport, Microwave transmission Mobile Backhaul, Wireless Packet Core

• The broadband access optical transport segment dominated the market with a share of more than 28% in 2021 and is expected to advance with a CAGR of 3.5% from 2022 to 2028. With the continuously increasing number of Internet users, the demand for broadband access and optical transport equipment is increasing. 
• The world has witnessed a significant shift to more sophisticated fiber optic cables network from copper-wired ones. Thus, demand for broadband access optical transport equipment is contributing to the market advancement. The wireless packet core segment is likely to advance at the highest CAGR of 5.4% from 2022 to 2028. Wireless packet core is getting traction due to its wide range of features and functionalities.
• Wireless packet core solutions efficiently address the need and exceptions of telecom operators, as per the changing requirement of the network. Wide adoption of the wireless packet core solutions is contributing to the healthy growth of the segment.

Service Provider Network Infrastructure Regional Outlook

• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa

Key Companies Profile Market Share Insights

The market is characterized by the presence of various well-established multinationals, and several small and medium vendors. Equipment vendors are focusing on research development activities to launch the latest technology to improve access speed and increase the Service Provider Network Infrastructure space. 

Some prominent players in the global service provider network infrastructure market include:

• Huawei Technologies Co. Ltd.
• ZTE Corporation
• Juniper Networks Inc
• Alcatel–Lucent S.A.
• Brocade Communications Systems Inc.
• Avaya Inc.
• Ericsson Inc.
• Aruba Networks Inc.
• Bluecoat Systems In.
• Nokia Siemens Networks

Order a free sample PDF of the Service Provider Network Infrastructure Market Intelligence Study, published by Grand View Research.