The network industry has flourished during the COVID-19 pandemic, owing to its extensive usage in the ballooning remote work culture. This trend will likely continue because the rapid digitization of virtually every sector and global 5G rollout are expected to boost data usage tremendously over the long run. Despite the global tech sector’s current underperformance, due to, among other factors, the fear of looming interest rate hikes, the network industry is expected to deliver solid returns over the coming quarters.
In a highly complex data-driven world with rapid digitization, this segment is set to deliver solid returns to its investors. Furthermore, the Biden Administration's infrastructure bill, passed last fall, is expected to support innovations in the networking industry. According to Statista, revenue in the Network Infrastructure segment is slated to reach $197.39 billion in 2022.
