Broadband Network Gateway Market Size, Share, Trends And Revenue Report 2024

Overview and Scope

A broadband network gateway is a device or software solution that serves as a connection between a local network (LAN) and the internet. It connects devices on a local network to the internet, allowing them to access online resources and services.

 

Sizing and Forecast

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 growth in the historic period can be attributed to initiatives for smart cities, adoption of smart devices, continued advancements in broadband services, surge in disaggregation of networks, a shift to 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 growth in the forecast period can be attributed to the demand for cloud-native distributed broadband network gateway, increasing speed in broadband networks, rising application of wireless system to accelerate market demand, increase in use of smartphones, tablets and other devices, growing 5g network technologies. Major trends in the forecast period include technological advancements, launch of high-quality products, partnerships and collaborations, patents and events.

 

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Segmentation & Regional Insights

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

 

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.

 

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Major Driver Impacting Market Growth

The increasing use of smartphone devices is expected to propel the growth of the broadband network gateway market going forward. A smartphone is a mobile device that combines the functionality of a traditional mobile phone with advanced computing capabilities. The increasing use of smartphone devices is due to factors such as increased connectivity, remote work and education, e-commerce and digital services, and affordability. Broadband network gateways provide seamless internet access to smartphones by providing various security measures such as packet filtering, monitoring for unusual activity, and preventing unauthorized access. These gateways ensure consistent connectivity, whether at home or on the move, enhancing the user experience. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. This percentage is projected to increase to 93.8% in 2026. Therefore, the increasing use of smartphone devices is driving the growth of the broadband network gateway market.

 

Key Industry Players

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.

 

The broadband network gateway market report table of contents includes:

1. Executive Summary
2. Broadband Network Gateway Market Characteristics
3. Broadband Network Gateway Market Trends And Strategies
4. Broadband Network Gateway Market – Macro Economic Scenario
5. Global Broadband Network Gateway Market Size and Growth
6. Broadband Network Gateway Market Segmentation
7. Broadband Network Gateway Market Regional And Country Analysis

…………….

34. Key Mergers And Acquisitions In The Broadband Network Gateway Market
35. Broadband Network Gateway Market Future Outlook and Potential Analysis
36. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Broadband Network Gateway Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Broadband Network Gateway Market, Segmentation By Connection, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Broadband Network Gateway Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 76: Verizon Communications Inc. Financial Performance

Table 77: Comcast Corporation Financial Performance

Table 78: AT&T Inc. Financial Performance

Table 79: Huawei Technologies Co. Ltd. Financial Performance

Table 80: Charter Communications Inc. Financial Performance

 

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