Broadband Network Gateway (BNG) Between 2023 and 2033, the broadband network gateway market is projected to grow at a CAGR of 11%, from an estimated US$ 925.66 million in 2023 to a projected US$ 2,629 million in 2033.
Broadband Network Gateway (BNG) is the access point through which subscribers can connect to the broadband network. When connection is established between customer premise equipment and Broadband Network Gateway (BNG) the subscriber is able to access the broadband services that are provided by internet service provider (ISP).
Broadband Network Gateway (BNG) provides service control, for instance packet filtering, rate limiting, and prioritization of traffic for subscribers connected to the network. Broadband Network Gateway (BNG) relies on an external remote authentication dial-in user service server for providing authorization, authentication, and accounting function to the subscriber.
Also Broadband Network Gateway (BNG) is dependent on dynamic host configuration protocol server as it helps in address allocation and client configuration functions
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Impact of COVID-19 Pandemic Outbreak on Broadband Network Gateway (BNG) Market
The world is struggling with the impact of COVID-19 pandemic and for controlling the spread of the virus there is lockdown situation in countries globally. As there is lockdown in major countries, companies are ensuring safety of their employees and are adopting work from home policy.
As work from home, learning from home is increasing in pandemic the internet traffic grew around 30% to 40%. According to estimates there is around 30% to 60% increase in fixed broadband traffic, and around 70% to 80% increase in Wi-Fi calling.
As people are staying in home due to lockdown the internet usages has increased in residential sector for entertainment, learning and working. VPN usage is up around 49% as employees are working from home, and for online gaming by around 115%.
However, the longevity of pandemic will lead countries towards lockdown and social distancing norms, so companies and education system will let the people work and learn from home which will result in increasing internet usage in 2021 as well.
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Broadband Network Gateway (BNG) Market: – Market Dynamics
Digital Transformation and Growing Demand for Wireless System is Spurring the Market Growth
Businesses and organizations find themselves in an increasingly complex network world. As the tides of data is increasing continuously, businesses are shifting towards automation and virtualization for optimizing the cost and scale of experiences that they want to create.
Businesses must adopt BYOD, apps, and a different type of voice and collaboration tools so that their teams can connect across geographies, devices, platforms. Moreover, a significant increase in the number of smartphone-using population around the world will encourage consumers to adopt 5G-enabled services.
As industry enter the digital era of 5G-enabled services and cloud, the Broadband Network Gateway (BNG) marks major milestone in the evolution. The Broadband Network Gateway (BNG) architecture for 5G is being specified by broadband forum and separates the user and control plane functions so that it becomes simple for Broadband Network Gateway (BNG) deployment and operation for multi-access broadband aggregation, while enabling the evolution to 5G fixed-mobile convergence.
Furthermore, the wireless market has experienced remarkable growth and development in past few years owing to the introduction of wireless broadband network systems. A continuous increase in the number of subscribers and new application areas of wireless technologies has created potential growth opportunities for the market.
Increasing Investments in Telecom Industry in Asia Pacific Region is Driving the Market Growth in the Region
Infrastructure is always a priority of different countries when it comes to investments. The telecommunication sector is a sector that is witnessing rapid growth with scope for investments in infrastructure. The governments of countries like Japan, China, India, South Korea are investing a high amount for the improvement of telecommunication infrastructure which is driving the market growth.
Moreover, investments in the telecommunication sector have a high potential to boost economic growth and create employment. The emerging trend of 5G technology has a potential to transform the telecom industry as well as the telecom experience of end users.
Furthermore, various telecom enterprises around the globe have started upgrading their current network infrastructure with high-speed connectivity. Thus, heavy investments for the betterment of telecommunication infrastructure is one of the major factors driving the Broadband Network Gateway (BNG) market growth.
For instance, South Korea, China, and Japan are leading in tests throughout the 5G deployment cycle. Furthermore, China invested approximately US$ 180 Bn in mainland telecommunication infrastructure and is planning for full commercial launch of 5G networks and services in 2020.
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Broadband Network Gateway (BNG) Market: – Key Players
The key players in the Broadband Network Gateway (BNG) are
- Cisco Systems
- Ericsson
- Juniper Networks
- Brocade Communications
- AT&T
- Verizon
- Hughes Communication
- Alcatel-Lucent
- Charter Communication
- Huawei Technologies
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Broadband Network Gateway (BNG) market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Broadband Network Gateway (BNG) market attractiveness as per segments.
The report on Broadband Network Gateway (BNG) market also maps the qualitative impact of various factors on Broadband Network Gateway (BNG) market segments and geographies.
Broadband Network Gateway (BNG) Market Segmentation
By Component
- Broadband Network Gateways (BNG)
- Services
- Installation & Deployment Services
- Configuration Services
- Support & Maintenance Services
By Connection
- Wired
- Wireless
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