Over the past two decades or so, technology has evolved, and over time the benefits of using the internet have become obvious to the public. Moreover, increased adoption and implementation of cloud services and hybrid work structures are propelling the networking industry’s growth. Currently, 4.95 billion people use the internet daily worldwide. This figure underscores a 6.2% year-over-year growth, which has been the fastest since 2019. In the United States alone, close to 299 million people accessed the web in 2022.
Furthermore, revenue for the networking infrastructure market is forecasted to reach $197.40 billion in 2022. According to Statista, the market is expected to reach $229.70 billion by 2026, growing at a CAGR of 3.9%.
