Enterprise Networking Market Size

Enterprise Networking Market Size

Enterprise Networking Market size estimated at over USD  62 billion in 2017, growing at a CAGR of 6% from 2018 to 2024.

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The demand for enterprise networking market is expected to accelerate over the forecast timeline as enterprise networks are the backbones of all communications, improving data management. As organizations are rapidly embracing networking technologies, such as Software-Defined Networking (SDN), network virtualization, and cloud computing, the demand for these solutions will increase to ensure effective management of fixed & wireless devices and their security. The increasing proliferation of connected devices and the rising cyberattacks on networks are also driving the demand for robust network security solutions, enabling secure real-time communication. To ensure higher levels of network security, enterprises are adopting network security solutions including firewalls, intrusion detection systems, and anti-malware. The rise in smartphone adoption, the BYOD trend, and various government initiatives to speed up the digital transformation have accelerated the need for wired and wireless networking devices including switches, wireless routers, and secure web gateways.