This report offers a comprehensive view of the data networking equipment industry, detailing strong growth across switching, routing, and wireless LAN segments. With global factory revenue exceeding $74 billion in 2022 and rising further in 2023, the market is driven by demand for high-speed connectivity, cloud infrastructure, and enterprise digitalization. Cisco remains the dominant vendor across categories, while Huawei and emerging competitors gain ground in shipments and regional coverage. The analysis reveals key investment shifts toward high-bandwidth infrastructure and forecasts rapid expansion in 200Gb/400Gb Ethernet for datacenters. Despite economic headwinds, the sector shows resilience supported by AI-driven demand, regional upgrades, and next-gen wireless standards.
The networking equipment market is entering a new expansion phase, propelled by digital infrastructure needs and global connectivity upgrades.