Rapid Digital Transformation Propelling the Demand for Networking Equipment in the Country
Australia networking equipment market is forecasted to progress at a double-digit growth during the forecast period. Robust development of asset-intensive industries such as telecom and IT, and manufacturing, and considerable government investments in IT projects are the key factors driving the market growth.
The market for routers held the largest share in Australia in 2018, where the demand for wired routers held the larger share and the prospect for wireless routers is higher during the forecast period. However, by 2024, the market for switches in the country is expected to surpass the router market.
In addition, significant ICT spending by businesses and consumers driven by economic growth and technological progress are also augmenting the growth of networking equipment market in Australia.
The router market in Australia witnessed the largest revenue generation from the government and transportation end users. This is due to the fact that the government is heavily investing in improving connectivity and access to internet throughout the country, and is encouraging the use of advanced technologies for e-governance that support digital skills in public sector.
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However, commercial and residential categories are projected to generate high demand for networking equipment during the forecast period. Technological progression, especially in banking sector, and infrastructural development in terms of residential and hospitality buildings, are resulting in the large requirement for quality routers as a part of networking equipment in the country.
APAC Networking Equipment Market Segmentation
Market Segmentation by Type
- By type
- By maximum speed
- 150 Mbps
- 300 Mbps
- 450 Mbps
- 600 Mbps
- Above 600 Mbps
- By end user
- Government and transportation
- Data center
- By type