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Broadband Network Gateway (BNG) Market Size
- Report ID: GMI8381
- Published Date: Mar 2024
- Report Format: PDF
Broadband Network Gateway Market Size
Broadband Network Gateway Market was valued at USD 1.1 billion in 2023 and is estimated to register a CAGR of over 11.5% between 2024 and 2032. The exponential increase in the demand for high-speed internet services, driven by factors, such as the proliferation of internet-connected devices, remote work, and streaming media consumption, will propel the expansion and modernization of broadband networks, thereby stimulating growth in the market.
For instance, in March 2023, Nokia and Netplus Broadband joined forces to offer broadband services in India, aiming to deliver top-tier and forward-looking internet solutions. Under this partnership, Nokia provided its multi-access Gateway Broadband Network Gateway (BNG) application, ensuring access to cutting-edge broadband services. This strategic alliance facilitated the deployment of advanced networking technologies, enhanced network infrastructure, and enabled Netplus Broadband to meet the evolving subscriber needs, thereby contributing to the industry growth.
The increasing adoption of cloud-based applications and services is significantly propelling the broadband network gateway (BNG) market. As businesses and consumers migrate their operations and data to the cloud, there is a growing demand for high-speed, reliable broadband connections to access these resources efficiently. Broadband Network Gateways (BNGs) are crucial in ensuring seamless connectivity, optimal performance, and secure access to cloud-based services, boosting market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Broadband Network Gateway (BNG) Market Size in 2023: | USD 1.1 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 11.5% |
| 2032 Value Projection: | USD 2.8 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 270 |
| Segments covered: | Gateways, Services, Connections, End-users |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Security vulnerabilities and cyber threats pose substantial risks in the broadband network gateway (BNG) market. As broadband networks expand and become more interconnected, they become attractive targets for malicious individuals seeking to exploit vulnerabilities. Breaches in these systems can result in unauthorized access to sensitive subscriber data, network disruption, and potential service outages. Addressing these security concerns is crucial to maintaining trust among subscribers and safeguarding the integrity of broadband infrastructure.
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Broadband Network Gateway (BNG) Market Scope
