Enterprise Networking Market to Grow with a CAGR of 5.8% Globally through to 2028
Global Enterprise Networking Market is surging due to the growing demand
for robust, high-performance network infrastructure to support digital transformation
initiatives and remote workforces in the forecast period 2024-2028.
According to TechSci Research report, “Global Enterprise
Networking Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, Global Enterprise Networking Market has valued
at USD 412 Billion in 2022 and is anticipated to project robust growth in the
forecast period with a CAGR of 5.8% through 2028. The Global Enterprise
Networking Market is undergoing significant transformation and expansion as
organizations increasingly rely on advanced networking solutions to power their
digital operations. This market encompasses a wide range of products and services,
including routers, switches, wireless networks, and software-defined networking
(SDN) solutions. One of the key drivers of this market is the growing adoption
of cloud-based services and applications, necessitating scalable and agile
network infrastructures. Additionally, the proliferation of Internet of Things
(IoT) devices and the demand for seamless connectivity further boost the
enterprise networking sector. The COVID-19 pandemic has accelerated the need
for robust remote work capabilities, driving investments in secure and
high-performance networking solutions. Furthermore, the emergence of
technologies like 5G and edge computing is poised to reshape enterprise
networking, enabling low-latency and high-speed connectivity for critical
applications. As businesses seek to enhance productivity, streamline
operations, and ensure data security, the Global Enterprise Networking Market
is poised for continued growth and innovation, with organizations investing in
cutting-edge solutions to meet their evolving networking needs.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Enterprise Networking Market”
The global enterprise networking market has witnessed
significant growth and transformation in recent years, driven by the increasing
demand for seamless connectivity and the rapid adoption of advanced
technologies. Enterprise networking refers to the infrastructure and systems
that enable organizations to connect their various devices, applications, and
users within a secure and efficient network environment. This market
encompasses a wide range of products and services, including routers, switches,
firewalls, wireless access points, network management software, and cloud-based
networking solutions. One of the key factors driving the growth of the
enterprise networking market is the proliferation of connected devices and the
Internet of Things (IoT). With the increasing number of devices such as
smartphones, tablets, laptops, and IoT sensors, organizations are facing the
challenge of managing and securing these devices while ensuring uninterrupted
connectivity. Enterprise networking solutions provide the necessary
infrastructure and tools to effectively manage and control these devices,
enabling organizations to harness the full potential of IoT and improve
operational efficiency.
Furthermore, the growing adoption of cloud computing
and the shift towards hybrid and multi-cloud environments have also contributed
to the expansion of the enterprise networking market. As organizations migrate
their applications and data to the cloud, they require robust and scalable
networking solutions to ensure seamless connectivity between their on-premises
infrastructure and cloud resources. Cloud-based networking solutions, such as
software-defined networking (SDN) and network function virtualization (NFV),
offer organizations the flexibility and agility they need to adapt to changing
business requirements and optimize their network performance. Security is
another critical factor driving the demand for enterprise networking solutions.
With the increasing frequency and sophistication of cyber threats,
organizations are investing heavily in network security solutions to protect
their sensitive data and intellectual property. Enterprise networking solutions
incorporate advanced security features, such as firewalls, intrusion detection
and prevention systems, and virtual private networks (VPNs), to safeguard the
network infrastructure from unauthorized access and malicious activities. Additionally,
network segmentation and access control mechanisms help organizations enforce
granular security policies and prevent lateral movement of threats within the
network.
Moreover, the ongoing digital transformation
initiatives across industries, such as Industry 4.0, smart cities, and remote
work, have further fueled the demand for enterprise networking solutions. These
initiatives require robust and reliable network infrastructure to support the
seamless exchange of data, enable real-time communication and collaboration,
and facilitate remote access to critical resources. Enterprise networking
solutions provide the necessary connectivity and bandwidth to support these
digital initiatives, empowering organizations to embrace new technologies and
drive innovation. In terms of regional analysis, North America has
traditionally been the largest market for enterprise networking solutions,
owing to the presence of major technology companies and early adoption of
advanced networking technologies. However, the Asia-Pacific region is expected
to witness significant growth in the coming years, driven by the rapid
digitization of economies, increasing internet penetration, and the emergence
of large-scale infrastructure projects.
In conclusion, the global enterprise networking market
is experiencing robust growth, driven by factors such as the proliferation of
connected devices, the adoption of cloud computing, the need for enhanced
security, and the ongoing digital transformation initiatives. As organizations
strive to achieve seamless connectivity, scalability, and security, enterprise
networking solutions play a crucial role in enabling them to meet these
objectives. With the continuous advancements in networking technologies and the
increasing demand for innovative solutions, the enterprise networking market is
poised for further expansion in the foreseeable future.
The Global Enterprise Networking Market is segmented
into Equipment, Infrastructure Type, regional distribution, and company.
Based on its Equipment, the ethernet switch segment
led the market with the highest revenue share of over 37% in 2022 and is
anticipated to hold the maximum share throughout the forecast period. Ethernet
switches connect devices by relaying Ethernet frames between devices connected
to the switches. Increasing demand for high-speed Ethernet switches is expected
to open new growth prospects for market participants in the coming years.
Government attempts to speed up digital transformation have also increased
demand for switches, routers, and wireless LAN networks, which is expected to
propel market expansion in the future.
The WLAN segment is estimated to grow significantly
over the forecast period. The increasing density effect in the enterprise area
of the users and the equipment is magnified by the extended usage of the
over-IP audio and video applications on mobile equipment. One for wireless
localization - for the companies that allow access to resources and
applications only if the user is present in a strict and limited perimeter of
the collaborative work solutions with the large volume of file sharing, etc.
The mentioned types of applications require more extensive bandwidths,
resulting in the congestion of the WLAN networks, which decreases the level of
performance. This standard also supports bandwidth-related telepresence
applications such as web conferencing and video. Enterprises are ripe for the
deployment of 802.11ac, which is expected to increase demand for the new WLAN
equipment.
Based on region, Asia Pacific dominated the market in
2022, accounting for over 38% of global revenue. The significant transition
across many regional nations and their propensity to use cloud services is a
factor in the region's growth. Additional evidence of a growing demand for
top-notch precision equipment in this area comes from the continually expanding
manufacturing activity. However, the Asia-Pacific market is also growing due to
the region's strong IT sector and enormous demand for advanced technology,
particularly in China and India.
MEA is anticipated to register a significant CAGR from
2023 to 2030. The growth is due to the telecom sector's development and
industrial re-focusing to generate new economic development. Routers are
expected to witness slow adoption owing to the capability of advanced ethernet
switches to operate more routing protocols. It has enabled enterprises to
consider switches over routers.
Major companies operating in Global Enterprise
Networking Market are:
- Sauce Labs Inc.
- ReTest GmbH
- D2L Corp.
- Functionize Inc.
- Diffblue Ltd.
- Applitools
- Capgemini SE
- testRigor
- Micro Focus International Plc
- Tricentis
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“The global enterprise networking market has undergone
significant growth and transformation in recent years, fueled by the rising
demand for seamless connectivity and the rapid adoption of advanced
technologies. Enterprise networking encompasses the infrastructure and systems
that enable organizations to connect their devices, applications, and users
within a secure and efficient network environment. This market includes a wide
range of products and services, such as routers, switches, firewalls, wireless
access points, network management software, and cloud-based networking
solutions. Key drivers of this market's growth include the proliferation of
connected devices and the Internet of Things (IoT), the increasing adoption of
cloud computing and hybrid/multi-cloud environments, the need for robust
network security solutions, and ongoing digital transformation initiatives.
While North America has traditionally been the largest market, the Asia-Pacific
region is expected to witness significant growth due to digitization efforts
and infrastructure projects. Overall, the enterprise networking market is
poised for further expansion as organizations seek seamless connectivity,
scalability, and security to meet their evolving needs.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Enterprise
Networking Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Equipment (Ethernet Switch, Enterprise Routers, WLAN,
Network Security), By Infrastructure Type (In-house, Outsourced), By Region, By
Competition”, has evaluated the future growth potential of Global Enterprise
Networking Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Enterprise
Networking Market.
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