Global Enterprise Networking Market size worth $90bn by 2024

Enterprise Networking Market size is set to exceed USD 90 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

The enterprise networking market growth is driven by the surge in connected devices that will generate a need for secure & real-time communication between devices. To overcome the growing network traffic and bandwidth bottleneck issues, the enterprises are embracing network management solutions to manage traffic while ensuring network security. The massive rise in IoT devices has increased the security risks associated with unsecured devices. Thus, to secure the networks, they are deploying enterprise network security solutions to gain visibility of endpoints and unsecured devices & applications.

 

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Other factors driving the enterprise networking market demand are shifting consumer preferences toward converged network architecture and the implementation of network virtualization technology to consolidate the network functions, enabling businesses to improve network efficiency and reduce operational costs. The increase in the mobility of enterprise users creates networking & management complexities, resulting in the demand for convergence. The converged enterprise network management systems play an important role in allowing enterprises to diagnose network issues. These systems provide an end-to-end visibility and enable network operators to view the converged network architecture.
 

Enterprise Networking Market

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The switches segment held a major share of the enterprise networking market in 2017, amounting to over 25%. To meet the growing network capacity demands, the enterprises rely on high-speed ethernet switches, which enable them to support various devices and allow high transmission rates. The rising demand for high-speed data services is driving the adoption of network switching technology, enabling enterprise networks to address the requirements for high-availability, unified communications, and virtualization.
 

Browse key industry insights spread across 270 pages with 456 market data tables & 26 figures & charts from the report, “Enterprise Networking Market Size By Component (Product [Switches, Network Security{Firewall, Intrusion Prevention, Anti-virus/anti-malware, Secure Web Gateway (SWG), Mobile Device Security}, Wireless, Routers, Network Management], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model ( On-premise, Cloud), By Application (BFSI, Healthcare, IT & Telecom, Manufacturing, Retail, Government & Public Sector, Energy & Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Netherlands, China, Japan, Australia & New Zealand (ANZ),  South Korea, India, Singapore, Brazil, Mexico, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Israel), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/enterprise-network-equipment-market
 

Integration & maintenance services in the enterprise networking market held a major market share of over 42% in 2017. The integration services enable enterprises to control risks, costs, and quality through a planned deployment process. An enterprise network transformation requires changes both in infrastructure and the way networks are managed. This transformation accelerates the demand for network maintenance services. The maintenance solutions give customers the ability to upscale or downscale the services on demand and help clients achieve optimal performance from their networking systems.
 

The on-premise deployment model held a major share of the enterprise networking market as this model enables IT architects to configure solutions to match their needs. These solutions help businesses to ensure that their networks are running securely and giving them direct control to access the data and control security of the computing infrastructure.
 

The manufacturing segment in the enterprise networking market is expected to grow at a CAGR of over 8% from 2018 to 2024. The manufacturing industry is witnessing an increase in the demand for network virtualization solutions to centralize administrative tasks while improving scalability and reducing workloads. The rise in the number of cloud IIoT solutions is also fueling the demand for networking solutions that provide real-time visibility control and analytics.
 

Asia Pacific is expected to show the fastest growth rate of over 8% during the forecast timeline. The enterprise networking market size is driven by a huge adoption of cloud-based infrastructure as the companies are moving their workloads to the public cloud. According to the Cloud Security Alliance (CSA) in Asia Pacific, Japan, Singapore, South Korea, and China have witnessed the highest adoption of cloud platforms in 2017. The emergence of cloud computing environment has enabled disparate network architectures that add on to the operational burden. This has led to an increase in the demand for virtualization technology which adds agility to the computing environment and effectively addresses network demands. Other factors driving the enterprise networking market growth are the growing popularity of IoT and the rise in the number of cyber-attacks on the business-critical networks. With a rapidly evolving threat landscape, the demand for enterprise network security solutions is expected to accelerate over the forecast timeline.
 

To deal with the existing enterprise network complexities, the network operators are increasingly deploying virtualization solutions. For instance, in February 2018, TIM and Ericsson started digitalizing TIM’s nationwide radio access network in Italy. The partnership with Ericsson helped to augment the TIM’s transformation project DigiTIM, which aims to increase the enterprises’ operational efficiency through virtualization and automation of network systems. The increase in the number of cyber-attacks has driven the need among organizations to adopt security solutions. The companies are entering into strategic partnerships to provide network security solutions to the customers. For instance, in December 2017, BT and Symantec collaborated to provide endpoint protection for UK SMEs. SMEs are gaining the ability to leverage the Symantec endpoint protection capabilities as a clouds service, with the services intended to be tailored to BT customers.
 

The key players in the enterprise networking market are Arista, Broadcom, Checkpoint, Cisco, Dell Technologies, Extreme Networks, F5 Networks, FireEye, Fortinet, HPE, Huawei, Juniper, McAfee, Netscout, Palo Alto, Riverbed, Symantec, Trend Micro, and VMWare.
 

The enterprise networking market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Enterprise Networking Market, By Component

  • By Product
    • Switches
    • Network Security
      • Firewall
      • Intrusion prevention
      • Anti-virus/Anti-malware
      • Secure Web Gateway (SWG)
      • Mobile Device Security
    • Wireless
    • Routers
    • Network management
  • By Service
    • Training & Consulting
    • Integration & Maintenance
    • Managed Service

Enterprise Networking Market, By Deployment Model

  • On-premise
  • Cloud

Enterprise Networking Market, By Application

  • BFSI
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Government & Public Sector
  • Energy & Utility

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • APAC
    • China
    • Japan
    • Australia & New Zealand (ANZ)
    • South Korea
    • India
    • Singapore
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • MEA
    • South Africa
    • UAE
    • Saudi Arabia
    • Israel

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