Enterprise Network Infrastructure Market to Grow with a CAGR of 5.4% Globally through to 2028
Global Enterprise Network Infrastructure Market is
rising due to increasing digital transformation efforts by businesses, growing
adoption of cloud-based services, and the rising demand for high-speed,
reliable, and secure network connectivity in the forecast period 2024-2028.
According to TechSci Research report, “Global Enterprise
Network Infrastructure Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Enterprise Network
Infrastructure Market is experiencing a significant upswing, fueled by the
relentless pace of digital transformation in businesses worldwide. Companies
are investing heavily in upgrading their network infrastructure to keep pace
with the demands of the modern digital age. This transformation is driven by
factors such as the proliferation of cloud computing, the adoption of IoT
devices, and the increasing need for seamless, high-speed, and secure
connectivity. Businesses are prioritizing robust network solutions to ensure
efficient communication, collaboration, and data management. Moreover, the
shift towards remote and hybrid work models, accelerated by recent global
events, has intensified the demand for scalable and reliable network
infrastructure. Security concerns also play a pivotal role, prompting
organizations to invest in advanced networking technologies that can safeguard
sensitive data from cyber threats. As a result, the market is witnessing a
surge in the deployment of cutting-edge networking equipment, software-defined
solutions, and cybersecurity measures, marking a transformative phase in how
enterprises approach their network infrastructures to meet the demands of the
digital era.
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Network Infrastructure Market”.
The global enterprise network infrastructure market
has witnessed significant growth and transformation in recent years. With the
increasing adoption of digital technologies and the growing need for seamless
connectivity, organizations across various industries are investing heavily in
upgrading their network infrastructure. This market overview aims to provide a
comprehensive analysis of the current state of the global enterprise network
infrastructure market, including key trends, drivers, challenges, and
opportunities. One of the primary factors driving the growth of the enterprise
network infrastructure market is the rapid expansion of cloud computing and the
proliferation of connected devices. As businesses increasingly rely on
cloud-based applications and services, the demand for robust and scalable
network infrastructure has surged. Moreover, the rise of the Internet of Things
(IoT) has resulted in a massive influx of connected devices, further straining
existing network infrastructure and necessitating upgrades. Another key trend
in the enterprise network infrastructure market is the shift towards
software-defined networking (SDN) and network function virtualization (NFV).
SDN and NFV technologies offer organizations greater flexibility, scalability,
and cost-efficiency by decoupling network control and forwarding functions from
the underlying hardware. This enables businesses to dynamically manage and
allocate network resources based on their specific needs, resulting in improved
network performance and reduced operational costs.
Furthermore, the increasing emphasis on data security
and privacy has become a critical driver for the enterprise network
infrastructure market. With the rise in cyber threats and data breaches,
organizations are prioritizing the implementation of robust security measures
within their network infrastructure. This includes the adoption of advanced
firewalls, intrusion detection systems, and encryption technologies to
safeguard sensitive data and protect against unauthorized access. However, the
enterprise network infrastructure market also faces several challenges that
need to be addressed. One such challenge is the complexity of managing and
maintaining large-scale network deployments. As networks become more intricate
and distributed, organizations struggle to ensure seamless connectivity and
efficient network management. Additionally, the shortage of skilled network
professionals poses a significant hurdle for businesses looking to optimize
their network infrastructure. Despite these challenges, the enterprise network
infrastructure market presents numerous opportunities for growth. The
increasing demand for high-speed and reliable network connectivity, driven by
emerging technologies such as 5G and edge computing, opens up new avenues for
network infrastructure providers. Moreover, the ongoing digital transformation
initiatives across industries, including healthcare, finance, and
manufacturing, offer immense potential for network infrastructure upgrades and
modernization.
In conclusion, the global enterprise network
infrastructure market is experiencing robust growth driven by factors such as
cloud computing, IoT, and the need for enhanced data security. The adoption of
SDN and NFV technologies, coupled with the rising demand for high-speed
connectivity, presents significant opportunities for network infrastructure
providers. However, challenges related to network complexity and skill
shortages need to be addressed to fully capitalize on these opportunities. As
organizations continue to prioritize digital transformation, the enterprise
network infrastructure market is poised for further expansion in the coming
years.
The Global Enterprise Network Infrastructure Market is
segmented into Technology, Industry, Enterprise Size, regional distribution,
and company.
Based on Industry, the information technology &
telecommunications segment dominated the market and accounted for more than 19%
share of the global revenue in 2022. The startling increase in data traffic is
projected to accelerate the expansion of IT and telecom infrastructure. Also,
IT and telecom companies have been forced to build a robust IT and telecom
infrastructure due to expanding smartphone penetration in rural regions and
rising digital literacy, particularly in emerging and developing nations like
China and India. An increasing number of mobile workers demand access to every
networked and internet-based service using the most recent PC tablets,
cellphones, and laptop PCs from anywhere.
The healthcare segment is anticipated to
register the highest CAGR over the forecast period. Citizens are increasingly
concerned about their health as public awareness of health issues grows.
Healthcare institutions and businesses actively monitor and track their
patients' health histories to provide patients with better health treatments
and services. As a result, healthcare organizations and businesses are
embracing digital platforms and utilizing enterprise networks for information
sharing and collaboration. This will improve consumer support for their brand.
Owing to this, businesses and health institutions are investing in enterprise
network infrastructure. Cybercriminals increasingly target healthcare
organizations due to the sensitive nature of the data they handle.
Based on region, North America dominated the market and
accounted for over 35% share of the global revenue in 2022, owing to the early
and rapid adoption of advanced technologies across regional multinational
companies. The emerging adoption of the work-from-home process is augmenting
the growth of routers and switches, which is expected to expand and drive the
growth of enterprise network infrastructure in North America. Demand for
wireless access points also draws attention to business enterprises
transforming their business infrastructure. For instance, in February 2022, the
U.S. Department of Energy (DOE) announced USD 6 million in funding to advance
5G wireless networking for science applications for five research and
development projects. The prominent evolution of enterprise network
infrastructure has a wide range of technology and practices. The development
involves integrating various software and hardware components, including
routers, switches, firewalls, and other network devices. Moreover, the emerging
use of cloud computing is augmenting market growth.
The Asia Pacific region is anticipated
to witness significant growth in the enterprise network infrastructure owing to
the presence of developing economies such as China, Japan India. The increased
demand for high-bandwidth applications has prompted businesses to adopt
advanced enterprise networking solutions to address current bandwidth shortage
issues. Even in post-pandemic times, laptops, cellphones, and tablets have
become more popular due to trends like BYOD (Bring Your Own Device), which is
expected to drive the utilization of these devices in the region. Migration
from rural to urban areas has increased megacities in Asia-Pacific. It is also
driving the need for the government and public sector to digitalize and expand
the solutions that address urban challenges and improve the quality of life for
citizens.
Major companies operating in Global Enterprise
Network Infrastructure Market are:
- Cisco Systems Inc.
- Juniper Networks Inc.
- Arista Networks Inc.
- Huawei Technologies Co. Ltd.
- Nokia Corporation
- Hewlett Packard Enterprise
Development LP
- Dell Technologies Inc.
- Extreme Networks Inc.
- F5 Networks Inc.
- Palo Alto Networks Inc.
- Fortinet Inc.
- Check Point Software
Technologies Ltd.
- Citrix Systems Inc.
- Riverbed Technology Inc.
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“The global enterprise network infrastructure market
has experienced significant growth due to the increasing adoption of digital
technologies and the need for seamless connectivity. Organizations across
various industries are investing heavily in upgrading their network
infrastructure to support cloud computing and the proliferation of connected
devices. The shift towards software-defined networking (SDN) and network
function virtualization (NFV) has provided greater flexibility and
cost-efficiency by decoupling network control from hardware. Data security and
privacy have become critical drivers, leading organizations to implement robust
security measures. However, challenges such as managing large-scale network
deployments and a shortage of skilled professionals exist. Despite these
challenges, the market offers opportunities for growth, driven by the demand
for high-speed connectivity and digital transformation initiatives. Overall,
the enterprise network infrastructure market is poised for further expansion in
the coming years,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Enterprise
Network Infrastructure Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Technology (Routers & Switches,
Storage Area Network, Infrastructure Firewalls, Wireless LAN, Enterprise
Telephony), By Industry (Healthcare, Retail and eCommerce, Banking, Financial
Services, & Insurance, Government & Defense, Information Technology
& Telecommunications, Manufacturing, Others), By Enterprise Size (SMEs,
Large Enterprises), By Region, By Competition”, has evaluated the
future growth potential of Global Enterprise Network Infrastructure 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 Network Infrastructure
Market.
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