PUBLISHER: The Business Research Company | PRODUCT CODE: 1499802
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499802
A broadband network gateway serves as a vital link between a local network (LAN) and the internet, facilitating connectivity for devices to access online resources and services.
The primary component types of broadband network gateways include hardware, software, and services. Hardware encompasses the physical components of the gateway device, comprising tangible electronic parts like processors, memory, network interface cards, and ports. These gateways are available in various connection types, including wired and wireless options. They incorporate technologies such as bluetooth, wi-fi, worldwide interoperability for microwave access (WiMAX), near-field communication (NFC), zigbee, and others. Broadband network gateways find application in residential and business broadband settings, catering to end-users ranging from small and medium-sized enterprises (SMEs) to larger corporations.
The broadband network gateways market research report is one of a series of new reports from The Business Research Company that provides broadband network gateways market statistics, including broadband network gateways industry global market size, regional shares, competitors with broadband network gateways market share, detailed broadband network gateways market segments, market trends, and opportunities, and any further data you may need to thrive in the broadband network gateways industry. This broadband network gateways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The broadband network gateway market size has grown rapidly in recent years. It will grow from $1.68 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The expansion observed in the historical period can be attributed to several factors, including initiatives aimed at developing smart cities, increased adoption of smart devices, ongoing advancements in broadband services, a surge in the disaggregation of networks, and a notable shift towards cloud services.
The broadband network gateway market size is expected to see rapid growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The projected growth in the upcoming period is expected to be driven by several factors, including the demand for cloud-native distributed broadband network gateways, the increasing speed of broadband networks, the rising application of wireless systems to accelerate market demand, the growing use of smartphones, tablets, and other devices, and the proliferation of 5G network technologies. Key trends anticipated in the forecast period encompass technological advancements in broadband network gateway solutions, the launch of high-quality products catering to evolving market needs, partnerships and collaborations among industry players to drive innovation and market expansion, and a focus on securing patents and participation in industry events to maintain competitiveness and visibility.
The growing utilization of smartphone devices is poised to fuel the expansion of the broadband network gateway market in the foreseeable future. Smartphones are mobile devices that amalgamate traditional mobile phone functionality with advanced computing capabilities. This surge in smartphone usage is driven by various factors including enhanced connectivity, the rise of remote work and education, increased reliance on e-commerce and digital services, and the affordability of smartphones. Broadband network gateways play a crucial role in providing seamless internet access to smartphones by implementing diverse security measures such as packet filtering, anomaly detection, and access control to safeguard against unauthorized access and ensure a secure and consistent connectivity experience, whether users are at home or on the move. For instance, data from Cybercrew in March 2023 indicated that smartphone usage in UK households reached 91.43% in 2021 and is projected to rise to 93.8% by 2026, underscoring the upward trend in smartphone adoption driving the broadband network gateway market's growth.
Key players in the broadband network gateway market are actively developing advanced solutions such as 5G business gateways to maintain a competitive edge. The 5G business gateway is an advanced networking device designed to empower businesses to seamlessly harness the capabilities of 5G technologies. For example, BEC Technologies Inc., a US-based developer and manufacturer of next-generation IP networking solutions, launched the 5G Business Gateway in May 2023. Built on 3GPP Release 16, this gateway incorporates cutting-edge 5G features to enhance the performance and efficiency of 5G deployments for organizations. Its dual SIM interface allows businesses to leverage multiple carriers for uninterrupted connectivity, reducing the risk of network disruptions. Additionally, the gateway features customizable Gigabit Ethernet ports, enabling businesses to tailor their network configurations to suit their specific requirements.
In November 2022, Ciena Corporation, a US-based networking systems company, acquired Benu Networks Inc. to bolster its ability to meet clients' evolving needs and accelerate investments in updating networks and enhancing connectivity at the network edge. Benu Networks Inc., a US-based software and solutions provider, specializes in broadband access networks leveraging next-generation PON technologies and advanced subscriber management, aligning with Ciena's strategic focus on advancing broadband network capabilities.
Major companies operating in the broadband network gateway market 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.
Asia-Pacific was the largest region in the broadband network gateway market in 2023. 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.
The countries covered in the broadband network gateway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The broadband network gateway market consists of revenues earned by entities by providing services such as subscriber management, traffic aggregation, and virtualized approach services. The market value includes the value of related goods sold by the service provider or included within the service offering. The broadband network gateway market also includes sales of routers, switching fabric, network interface cards, hardware security modules, and management interfaces. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Broadband Network Gateway Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on broadband network gateway market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for broadband network gateway? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The broadband network gateway market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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