India networking market grows 21.6% in Q3 of 2022: IDC
The networking products market in India which includes ethernet switch, routers and WLAN segments witnessed a 21.6% year-on-year (YoY) growth in terms of vendor revenues for the third quarter of 2022 calendar year, according to International Data Corporation (IDC).
The very strong growth was exhibited on the back of vendors trying to clear backlogs as much as possible before they step into the next financial year.
Chip shortages continue to be an issue and the same is expected to last at least till the first half of 2023. Despite the multiple challenges that include delays in delivery, price increases, and a slowing global economy the demand for networking equipment remains unscathed. The new normal is expected to propel more demand towards wireless owing to hybrid work and technologies like 5G expanding the edge.
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