Global Internet Backbone Services Market, By Services (E-mail, Websites), Type (Voice, Video, Virtualized Environments, WAN), Application (Cloud Provider Choice, Cloud-to-Cloud Connections, File Transfer, Backup, Others) - Industry Trends and Forecast to 2029
Internet Backbone Services Market Analysis and Size
An increase in the number of wireless subscribers has been witnessed around the world, according to the Organization for Economic Co-operation and Development (OECD). Increased adoption of online learning is being seen with digital transformation in businesses that require a strong requirement for uninterrupted broadband connectivity.
Global Internet Backbone Services Market was valued at USD 2,893.30 billion in 2021 and is expected to reach USD 3608.60 billion by 2029, registering a CAGR of 2.8% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate,s market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
An Internet backbone is defined as one of the principal data routes between core routers and strategically interconnected networks on the Internet. Major cloud providers are known to be connected to the internet backbone for offering a customer Infrastructure as Service.
Internet Backbone Services Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Services (E-mail, Websites), Type (Voice, Video, Virtualized Environments, WAN), Application (Cloud Provider Choice, Cloud-to-Cloud Connections, File Transfer, Backup, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
GTT Communications, Inc. (US), SYNNEX Corporation (US), Oracle (US), Juniper Networks, Inc. (US), VMware, Inc (US), Telstra Corporation Limited (Australia), DXC Technology Company (US), IBM (US), NEC Technologies India Private Limited (India), Hewlett Packard Enterprise Development LP (US), Meta Networks Ltd (Israel), Masergy. (US), AT&T Intellectual Property (US), Cisco (US), Verizon Wireless. (US), CenturyLink (US), ARYAKA NETWORKS, INC. (UK), Broadcom (US), Ciena Corporation (US), and Cloudgenix (US), among others
Internet Backbone Services Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Advancements in Communication
The rise in advancements in communication to provide seamless communication to consumers across the globe acts as one of the major factors driving the internet backbone services market. Also, increase in the consumption through next-gen connected devices has a positive impact on the market growth.
- Digital Transformation
The surge in the digital transformation across various industries accelerate the market growth. The rise in need for these services in digitalization of hospital records, media and entertainment content, online commerce for retail goods and services, and e-government initiatives has a positive impact on the market.
- High Use of the Internet
The increase in the use of the Internet, and rise in the access to media and video streaming further influence the market. The presence of well-designed data and voice packages and enticing purchase offers assist in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the internet backbone services market.
Furthermore, increase in demand for wireless technology along with rise in trend of global digitalization extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The continuous research and development of broadband service will further expand the market.
On the other hand, privacy concerns and increase in fraudulent activities using the internet services are expected to obstruct market growth. Also, stringent regulations are projected to challenge the internet backbone services market in the forecast period of 2022-2029.
This internet backbone services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on internet backbone services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Internet Backbone Services Market
COVID-19 had a positive impact on the internet backbone services market due to the rise in number of industry verticals adopting broadband internet access services during the outbreak of COVID-19. Numerous businesses were deploying broadband internet access services as they required require a fast and consistent internet connection to communicate internally as well as externally. The internet backbone services market is expected to witness high growth in the post-pandemic scenario owing to the rise in usage of various media platforms among consumers and surge in the adoption of IoT enabled devices.
Global Internet Backbone Services Market Scope and Market Size
The internet backbone services market is segmented on the basis of services, type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Virtualized Environments
- Cloud Provider Choice
- Cloud-to-Cloud Connections
- File Transfer
Internet Backbone Services Market Regional Analysis/Insights
The internet backbone services market is analysed and market size insights and trends are provided by country, services, type and application as referred above.
The countries covered in the internet backbone services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the internet backbone services market due to the broad accessibility, rising technological advancements, and proactive government initiatives within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the high deployment of the services in the household in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet Backbone Services Market
The internet backbone services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to internet backbone services market.
Some of the major players operating in internet backbone services market are
- GTT Communications, Inc. (US)
- SYNNEX Corporation (US)
- Oracle (US)
- Juniper Networks, Inc. (US)
- VMware, Inc (US)
- Telstra Corporation Limited (Australia)
- DXC Technology Company (US)
- IBM (US)
- NEC Technologies India Private Limited (India)
- Hewlett Packard Enterprise Development LP (US)
- Meta Networks Ltd (Israel)
- Masergy. (US)
- AT&T Intellectual Property (US)
- Cisco (US)
- Verizon Wireless. (US)
- CenturyLink (US)
- ARYAKA NETWORKS, INC. (UK)
- Broadcom (US)
- Ciena Corporation (US)
- Cloudgenix (US)