The global fixed network equipment market is expected to grow at a rate of 6.85% until 2016, according to a report from the Research and Markets.
According to the report, the market growth is expected to be driven by the increase in network traffic, whereas the increased complexity of network architecture is expected to pose a challenge to growth in the market.
The increase in data traffic across all regions is expected to result in data lag or a decrease in network speed, which may increase the need for faster access to data to increase productivity.
A Research and Markets team analyst said that the major trend witnessed by the global fixed network equipment market is the result of increased competition among network operators.
"There is an increased demand for secure networks which can efficiently manage the growing data traffic," the analyst added.
"Hence, the network operators are increasingly investing in networks with advanced functionalities to have differentiating factors in their offering which can give them an edge over their competitors."
The global fixed network equipment market is expected to decrease due to increased complexity of network architecture due to the integration of more features to meet the varying needs of organisations.
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