The Most Important Network Infrastructure Providers Worldwide

The elements supporting network connections for service providers and enterprise users have advanced quickly with IT technology and moved closer to the widespread implementation of 5G networks, the Internet of Things, and cloud computing. In 2023, the global market value of "hardware resources that enable wired and wireless network connectivity, communication, operations, and management, as well as access to the telecommunication network and the internet" is expected to be over $192 billion, according to Statista Market Insights predictions.

The majority of this value is thought to be associated with service provider networks, which include those for routers, switches, carrier IP telephony, broadband access, and microwave transmission. One corporation dominates the others when it comes to holding the largest shares of the market, albeit it is not without criticism.

With a market share of 27% in the network infrastructure sector, Huawei outperformed its European and American rivals in 2020 by margins of 10% or more.