 Market overview.webp)
Broadband Network Gateway Market size is anticipated to reach USD 3 Billion by the end of 2036, growing at a CAGR of 12% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of broadband network gateway was over USD 924 Million. The BNG market is being driven by an ever-expanding market for broadband providers, as well as an increase in the use of smartphones, tablets, and other mobile devices. For instance, the number of smartphone mobile network subscriptions worldwide reached over 6.4 billion in 2022 and is expected to hit 7.7 billion by 2028. China, India, and the United States are the countries having the most smartphone mobile network subscriptions. Also, in 2022, the global smartphone penetration rate is expected to reach 68%, the highest level since 2018. The demand for support and maintenance services, as well as high-quality products, will drive the broadband network gateway (BNG) market forward.
The BNG manages network access limitations for customers and connected devices, which is vital for offering residential broadband services. Over time, broadband remote access servers for DSL and dial-up internet have evolved into adaptable multi-access gateways capable of combining wireline and fixed-wireless technologies. The broadband network gateway (BNG) connects access network hardware to the service provider's primary transport network, making it a critical component of network infrastructure.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
~ 12% |
|
Base Year Market Size (2023) |
~ USD 924 Million |
|
Forecast Year Market Size (2036) |
~ USD 3 Billion |
|
Regional Scope |
|
Type (Traditional BNG, vBNG)
Virtual broadband network gateway (BNG) market segment is anticipated to hold the largest share of 56% during the forecast period. More scalability and flexibility in network traffic management are possible with vBNG. The need for faster and more dependable broadband connections is rising as more people rely on the Internet. The popularity of websites that stream videos, like Netflix and YouTube, has also resulted in a major growth in bandwidth needs. As of the third quarter of 2023, Netflix boasted a global subscriber count of approximately 247.2 million. In North America, Netflix's penetration rate was 55% in 2019; it is expected to reach 62% by 2025. Furthermore, there is a growing need for edge computing capabilities and an increase in the utilization of cloud services. Additionally, more adaptable and agile network administration is made possible by the industry's move towards SDN and network virtualization. In line with these developments, the vBNG helps service providers virtualize their network gateways and maximize resource use. Moreover, by doing away with the requirement for physical hardware and cutting operational costs, vBNG provides cost-effectiveness. Therefore, all these factors are propelling the growth of the vBNG segment.
End-users (Residential, Commercial)
The residential segment for broadband network gateway market is anticipated to hold a share of 53% during the projected period. People are depending more and more on high-speed internet connectivity in their homes due to the growth of remote employment, online education, and streaming services. BNGs are required because of the increase in demand from the residential market for faster and more dependable internet connections. Additionally, many items in homes are online, such as tablets, smartphones, smart TVs, and smart home appliances. Additionally, fiber optic networks are being installed in many residential areas and offer extremely fast internet connections. BNGs also provide enhanced network administration functions, such as traffic shaping, QoS controls, and security measures. For home users in particular, these qualities are crucial. Therefore, all these factors are contributing to the growth of the residential segment.
Our in-depth analysis of the global broadband network gateway (BNG) market includes the following segments:
|
Type |
|
|
Services |
|
|
Connection |
|
|
End-users |
|
APAC Market Forecast
Broadband network gateway (BNG) market in Asia Pacific is expected to hold the largest share of 38% during the foreseen period. Investments in infrastructure are always a top priority for the nation. There is room for infrastructure investment in the rapidly expanding telecommunications sector. The governments of nations including South Korea, China, Japan, and India are making significant investments to upgrade their telecommunications infrastructure, which is propelling the market's expansion. Investments in infrastructure are always a top priority for various nations. There is room for infrastructure investment in the rapidly expanding telecommunications sector. The governments of nations including South Korea, China, Japan, and India are making significant investments to upgrade their telecommunications infrastructure, which is propelling the market's expansion.
European Market Statistics
European broadband network gateway (BNG) market is poised to hold a share of 26% by the end of 2036. The Internet is widely used in Europe, where a sizable percentage of the populace has access to broadband services. As per a report, 87% of homes in Europe have access to the same speeds in 2020. Additionally, the region is going through a digital transition in several industries, such as entertainment, healthcare, banking, and education. The need for BNGs in the region is fueled by the need for a strong and dependable internet infrastructure to support this change. To close the digital divide and guarantee that everyone has access to high-speed internet, governments around Europe are aggressively pushing for the development of broadband infrastructure. Furthermore, Europe's need for improved BNGs is being driven by the rollout of next-generation technologies including fibre optic networks and 5G.
 Market size.webp)
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?