What Fueled The Previous Growth In The Broadband Network Gateway Market?
The broadband network gateway market has seen considerable growth due to a variety of factors.
• Rapid expansion has been witnessed in the broadband network gateway market size in the past few years. The market is projected to escalate from a value of $1.91 billion in 2024 to $2.18 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.2%.
This growth during the historical period can be credited to factors such as the implementation of smart city initiatives, increased uptake of intelligent gadgetry, continued evolution in broadband services, a rise in network disaggregation and a trend towards cloud services.
How Does the Forecast Look for the Broadband Network Gateway Market?
The broadband network gateway market is expected to maintain its strong growth trajectory in upcoming years.
• It is projected that the market for broadband network gateways will experience a significant expansion in the forthcoming years. By 2029, the market is tipped to reach $3.66 billion, witnessing a compound annual growth rate (CAGR) of 13.8%.
The growth anticipated during the forecast period can be linked to factors such as the demand for cloud-native distributed broadband network gateways, improved broadband network speeds, the growing relevance of wireless systems to boost market demand, and the increased usage of smartphones, tablets, and other associated devices. Not to mention the expansion of 5G network technologies. The predicted trends for the given period are technological progress, the introduction of superior quality products, partnerships and collaborations, as well as patents and events.
What Are The Leading Drivers Of Growth In The Broadband Network Gateway Market?
The rise in the usage of smartphone devices is projected to boost the broadband network gateway market's expansion in the future. These smartphones are a type of mobile device that integrates the functions of a traditional mobile phone with enhanced computing features. Factors like improved connectivity, remote work and learning, e-commerce and digital services, and affordability are contributing to the growing use of these devices. Broadband network gateways offer uninterrupted internet access to smartphones, accompanied by various security features such as packet filtering, unusual activity surveillance, and unauthorized access prevention to ensure a consistent and enhanced user experience. For example, Demandsage, a non-profit organization from the US, reported in December 2023 that the global count of smartphone users is projected to reach 7.10 billion in 2024 and could increase to 7.70 billion by 2027. Moreover, the smartphone penetration rate within the US is predicted to rise from 76.50% in 2022 to 82.20% in 2023. Hence, the rise in smartphone utilization is fueling the growth of the broadband network gateway market.
How Are The Segments Defined Within The Global Broadband Network Gateway Market?
The broadband network gateway market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Connection: Wired, Wireless
3) By Technology: Bluetooth, WIFI, Worldwide Interoperability for Microwave Access (Wi-MAX), Near-field communication (NFC), Zigbee, Other Technologies
4) By Application: Residential Broadband, Business Broadband
5) By End-User Size: Small And Medium-Sized Enterprises (SMEs), Big Businesses
Subsegments:
1) By Hardware: Routers, Switches, Network Interface Cards, Other Hardware
2) By Software: Network Management Software, Security Software, Traffic Management Software, Other Software
3) By Services: Professional Services, Managed Services, Support And Maintenance Services
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Which Emerging Market Trends Are Altering The Broadband Network Gateway Industry?
Leading companies in the broadband network gateway market are innovating and creating advanced solutions like the 5G business gateway to gain a competitive advantage. The 5G business gateway is a state-of-the-art networking device for businesses to seamlessly take advantage of 5G technologies. For instance, BEC Technologies Inc., an American company creating and manufacturing future-proof wired and wireless IP networking solutions, introduced the 5G Business Gateway in May 2023. This gateway is designed based on the 3GPP Release 16 and incorporates superior 5G capabilities, offering organizations a powerful tool to improve overall performance and efficiency in their 5G implementations. The gateway's dual SIM feature lets businesses operate with multiple carriers, strengthening constant connectivity and decreasing the possibility of network interruptions. The gateway also comes with two modifiable Gigabit Ethernet ports, enabling businesses to adjust their network configuration to their requirements.
Who Are the Key Players In The Broadband Network Gateway Market?
Major companies operating in the broadband network gateway market report are:
• Verizon Communications Inc.
• Comcast Corporation
• AT&T Inc.
• Huawei Technologies Co. Ltd.
• Charter Communications Inc.
• Cisco Systems Inc.
• Hewlett Packard Enterprise Development LP
• Nokia Corporation
• ASUSTeK Computer Inc.
• Lumen Technologies Inc.
• Cox Communications Inc.
• Altice USA Inc.
• Windstream Holdings Inc.
• Frontier Communications Parent Inc.
• Juniper Networks Inc.
• Arista Networks Inc.
• Mediacom Communications Corporation
• Zayo Group Holdings Inc.
• Astound Broadband
• NETGEAR Inc.
• WideOpenWest Finance LLC
• Cogent Communications Holdings Inc.
• GTT Communications Inc.
• New H3C Technologies Co. Ltd.
What Is The Most Dominant Region In The Broadband Network Gateway Market?
Asia-Pacific was the largest region in the broadband network gateway market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broadband network gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
