Global Broadband Network Gateway (BNG) Market Size By End-User, By End-User Size, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Broadband Network Gateway (BNG) Market Size By End-User, By End-User Size, By Application, By Geographic Scope And Forecast
Broadband Network Gateway (BNG) Market Size And Forecast
Broadband Network Gateway (BNG) Market size was valued at USD 1.7 Billion in 2023 and is projected to reach USD 6.2 Billion by 2030, growing at a CAGR of 19 % during the forecast period 2024-2030.
Global Broadband Network Gateway (BNG) Market Drivers
The market drivers for the Broadband Network Gateway (BNG) Market can be influenced by various factors. These may include
Growing Need for High-Speed Internet Access Effective broadband network gateways are becoming more and more necessary due to the increasing demand for high-speed internet access brought on by streaming services, bandwidth-intensive applications, and developing technologies.
The Internet of Things (IoT) is growing quickly Network data traffic has surged as a result of the IoT’s widespread use of devices and apps. In order to manage and handle the data produced by the growing number of connected devices, BNGs are essential.
The progress of 5G technology In order to manage the higher data volumes, low latency requirements, and variety of services associated with next-generation communication technologies, the deployment of 5G networks necessitates the use of advanced broadband network gateways.
Growth in Online Education and Remote Work Strong broadband networks are becoming more and more necessary as telecommuting, online education, and distant employment become more commonplace worldwide. BNGs facilitate the provision of dependable and high-capacity connectivity for distant applications.
Expanding Services for Streaming Videos Increased data consumption is a result of the growth of over-the-top (OTT) services and video streaming platforms. BNGs are essential for controlling the traffic related to streaming video and guaranteeing a flawless user experience.
SDN, or software-defined networking, and network virtualization Broadband network scalability and flexibility are improved by the use of SDN and network virtualization technologies. Virtualization-capable BNGs facilitate more effective resource and network management.
IPv6 Transition The running out of IPv4 addresses is what is driving the switch from IPv4 to IPv6. IPv6-capable BNGs ease the transition and allow IP-connected devices to keep expanding.
A heightened emphasis on network security BNGs with cutting-edge security features are in demand because to the increase in cyber threats and security concerns. They aid in defending broadband networks against malevolent acts and illegal access.
Initiatives for Smart Cities The need for strong broadband networks is driven by smart city projects and initiatives, which entail substantial connectivity and data exchange. BNGs contribute to the upkeep of smart cities’ communication networks.
Global Broadband Network Gateway (BNG) Market Restraints
Several factors can act as restraints or challenges for the Broadband Network Gateway (BNG) Market. These may include
High Deployment Startup Costs Network operators may have to pay hefty upfront expenses for advanced BNG solutions, including expenditures in infrastructure, software, and hardware. This might be prohibitive, particularly for smaller service providers.
Compatibility with Legacy Infrastructure Integrating contemporary BNG systems may be difficult in some networks due to historical infrastructure that still exists. Compatibility problems with older systems could necessitate further spending or a gradual upgrade schedule.
Cyber Threats and Security Concerns The security of BNG is challenged by the growing sophistication of cyber threats. Strong cybersecurity features are essential, and worries about any weaknesses could impede industry expansion.
The intricacy of network upgrades In an existing network, upgrading or replacing BNGs can be difficult and may need downtime, which could affect service continuity. Because of the possible disruptions, network operators could be reluctant to undertake significant upgrades.
Regulatory Compliance Difficulties It might be difficult to comply with changing rules and regulations in the telecom sector. Adapting to evolving compliance requirements can be costly and challenging for BNG operators and vendors.
Restricted Access to Spectrum There is a limited amount of spectrum available for broadband services, and the growing need for fast internet could cause congestion. Scarcity of spectrum may restrict broadband networks’ capacity to grow.
Data Privacy Issues BNGs may scrutinise data handling procedures more closely as a result of growing worries about data privacy and user information security. Network operators may be subject to restrictions in order to comply with privacy legislation.
Opposition to Network Virtualization The adoption of virtualized network architectures may present difficulties for certain network operators because of issues with performance, dependability, or insufficient experience. Adoption of virtualized BNG systems may be hampered by resistance to virtualization.
Issues with Bandwidth Management Managing bandwidth effectively is essential to maximising network performance. BNG solutions with insufficient bandwidth management capabilities may cause congestion and worse than ideal user experiences.
Global Broadband Network Gateway (BNG) Market Segmentation Analysis
The Global Broadband Network Gateway (BNG) Market is Segmented on the basis of End-User, End-User Size, Application, and Geography.
Broadband Network Gateway (BNG) Market, By End-User
Telecommunication Service Providers BNG solutions meeting the demands of service providers and telecom firms.
Businesses Major businesses use BNG technologies to control broadband access within their networks.
Broadband Network Gateway (BNG) Market, By End-User Size
BNG solutions designed specifically to meet the broadband requirements of small and medium-sized businesses (SMEs).
Big Businesses BNG solutions created to satisfy big businesses’ broadband needs.
Broadband Network Gateway (BNG) Market, By Application
Residential Broadband BNG’s solutions are concentrated on controlling home users’ access to broadband.
Business Broadband BNG solutions designed to meet enterprise and business broadband needs.
Broadband Network Gateway (BNG) Market, By Geography
North America The US and Canada together make up a sizable portion of the BNG solution market in North America.
Europe A number of European nations, including the UK, Germany, France, and others, actively participate in the BNG market.
Asia-Pacific The BNG market is significantly influenced by the nations in the Asia-Pacific region, which include China, India, Japan, South Korea, and others.
Key Players
The major players in the Broadband Network Gateway (BNG) Market are
Cisco Systems, Inc.
Juniper Networks, Inc.
Huawei Technologies Co., Ltd.
Ericsson AB
Nokia Corporation
ZTE Corporation
Calix, Inc.
Mavenir Systems, Inc.
ARRIS International plc (acquired by CommScope)
Red Hat, Inc. (acquired by IBM)
ADTRAN, Inc.
Arista Networks, Inc.
Dell Technologies Inc.
Broadcom Inc.
Intel Corporation
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Billion)
Key Companies Profiled
Cisco Systems, Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., Ericsson AB, Nokia Corporation, ZTE Corporation, Calix, Inc., Mavenir Systems, Inc., ARRIS International plc (acquired by CommScope), Red Hat, Inc. (acquired by IBM).
Segments Covered
By End-User, By End-User Size, By Application, By Geography
Customization scope
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