Service Provider Network Infrastructure - United Kingdom

  • United Kingdom
  • Revenue in the Service Provider Network Infrastructure market is projected to reach US$7.23bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.81%, resulting in a market volume of US$9.59bn by 2029.
  • The average Spend per Employee in the Service Provider Network Infrastructure market is projected to reach US$208.00 in 2024.
  • In global comparison, most revenue will be generated in China (US$45,360m in 2024).

Key regions: United Kingdom, Japan, India, United States, Germany

 
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Analyst Opinion

The Service Provider Network Infrastructure Market in the UK is experiencing subdued growth, impacted by factors such as increasing competition, slow adoption of digital technologies, and regulatory challenges. Despite this, the market continues to grow due to rising demand for online health services and increasing health awareness among consumers.

Customer preferences:
With the rise of remote work and virtual communication, there is a growing demand for reliable and high-speed network infrastructure among service providers in the data center market. This is driven by the need for seamless connectivity and efficient data transfer, as well as the increasing adoption of cloud-based services and applications. Additionally, there is a growing focus on sustainability and energy efficiency in the data center industry, leading to the adoption of green network infrastructure solutions.

Trends in the market:
In the United Kingdom, there is a growing demand for cloud-based network infrastructure solutions in the Service Provider Network Infrastructure Market of the Network Infrastructure Market within the Data Center Market. This is driven by the increasing adoption of virtualization, software-defined networking, and network function virtualization. Additionally, there is a trend towards outsourcing network infrastructure management to third-party service providers, allowing organizations to focus on their core business objectives. These trends signify the shift towards more agile and efficient network infrastructure, with potential implications for industry stakeholders such as improved cost savings, better scalability, and enhanced network performance.

Local special circumstances:
In the United Kingdom, the Service Provider Network Infrastructure Market within the Data Center Market is heavily influenced by the country's strict data privacy regulations. This has led to the adoption of advanced security measures and data protection solutions by service providers. Additionally, the country's high demand for digital services and cloud computing has resulted in a robust and competitive network infrastructure market, with a range of options for service providers to choose from. The prevalence of high-speed internet and advanced telecommunications infrastructure also make the UK an attractive market for network infrastructure investments.

Underlying macroeconomic factors:
The growth of the Service Provider Network Infrastructure Market within the Data Center Market is also influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in digital infrastructure. Countries with advanced digital infrastructure, supportive government policies, and strong investment in network infrastructure are experiencing faster market growth compared to regions with limited digital infrastructure and regulatory challenges. Additionally, the increasing demand for high-speed connectivity and data storage, driven by the proliferation of cloud services and digital transformation, is expected to further drive market growth.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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