The global networking equipment industry will reach a value of $50 billion by the end of the year, according to a new study by Cahners In-Stat Group. Cahners said first-quarter growth slowed to 3 percent, though the industry was worth $10.8 billion and is poised for a big year in 2000. North America dominated sales with 53 percent share. Digital modems, asynchronous transfer mode (ATM) switches and voice-over-Internet Protocol gear accounted for much of the growth.
Short Take: Networking gear soon worth $50 billion
The global networking equipment industry will reach a value of $50 billion by the end of the year, according to a new study by Cahners In-Stat Group. Cahners said first-quarter growth slowed to 3 percent, though the industry was worth $10.8 billion and is poised for a big year in 2000. North America dominated sales with 53 percent share. Digital modems, asynchronous transfer mode (ATM) switches and voice-over-Internet Protocol gear accounted for much of the growth.
Discuss: Short Take: Networking gear soon worth $50 billion
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.