North American Market Forecast
North America industry is expected to hold largest revenue share of 30% by 2037. The region comprises well-established countries with robust infrastructures, which is consequently driving the demand for network emulator solutions. Strong economies that support investment in technology are benefiting the main contributors, such as the US and Canada. This dominance has been created by their well-established industries, which make it possible to invest in state-of-the-art IT infrastructures and thus provide opportunities for adopting network emulators. According to a recent report, IT infrastructure in North America is poised to garner a revenue of USD 63.6 billion by the end of 2028. Technological developments, such as 5G and 4G, encourage telecommunications providers in the region to integrate network emulators across layers of networks. Also, increasing research and development activities in the region are driving the growth of the market.
APAC Market Statistics
Asia Pacific is anticipated to hold around 7% share of the global network emulator market by 2037. The region is observing an increase in security spending as a result of changing threat environments. The market growth is driven in the region due to technological advancements and efficient government regulations. Also, the market is expanding in the region due to the adoption of new technologies, GDP increases, and strong economic development. Growing rivalry forces businesses to improve customer service as industrialization picks up speed, which boosts possibilities for regional growth. Moreover, the region is expecting a surge in investments and technology breakthroughs across a variety of industrial verticals because of the growing demand for network emulators that are backed and driven by the cloud.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?