Canadian Networking Equipment Forecast, 2019–2023
This IDC study is the follow-up to Canadian Networking Equipment Forecast, 2018–2022 (IDC #CA42531218, May 2018). The networking equipment market in Canada is forecast to reach $2.93 billion in revenue in 2023, resulting in a five-year CAGR of 1.2%.Kevin Lonergan, research manager, Networking Equipment and Security, IDC Canada, says, "2018 was a strong year for network equipment, but growth trends are expected to return to low single digits over the forecast period. Cloud is transforming the network equipment market, reducing the need for datacentre infrastructure, while at the same time increasing demand for bandwidth and low latencies at the edge."
Please Note: Extended description available upon request.
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