IMARC Group, a leading market research company, has recently releases report titled “Enterprise Networking Market by Component, Deployment Mode, Organization Size, End User, and Region 2023-2028” The study provides a detailed analysis of the industry, including the global enterprise networking market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
The global enterprise networking market size reached US$ 57.87 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 80.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.
Enterprise networking encompasses the infrastructure and systems that connect a variety of devices, including computers, servers, routers, switches, and wireless access points, within an organization. Its primary role is to enable the seamless exchange of data and collaboration across different departments and locations within the organization. Enterprise networking solutions involve the use of technologies like local area networks (LANs), wide area networks (WANs), virtual private networks (VPNs), and cloud-based networks. These solutions ensure secure and reliable connectivity, allowing employees to access centralized data, applications, and services. This, in turn, enables businesses to boost productivity, optimize resources, and support their digital transformation efforts. As a result, enterprise networking is widely employed across various industries, including aerospace, defense, education, media and communication, banking, healthcare, transportation, and logistics.
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The enterprise networking market is primarily driven by the shifting preferences toward advanced networking infrastructure, owing to the expanding adoption of digital technologies in various organizations across the globe. Additionally, the growing transition to cloud-based services and the escalating need for advanced networking solutions that can seamlessly connect on-premises infrastructure with cloud environments are further catalyzing the market growth. Moreover, the emerging trends of enterprise mobility, bring-your-own-device (BYOD), and hybrid remote work and the rising number and complexity of cyber threats, creating a substantial demand for robust enterprise networking solutions integrated with advanced security features to safeguard critical data and infrastructure, are acting as significant growth-inducing factors. Apart from this, other factors, including the incorporation of machine learning (ML) and artificial intelligence (AI) and the elevating requirement for networking solutions that support real-time data processing, low-latency communication, and efficient data transfer, will continue to bolster the enterprise networking market over the forecasted period.
The report has segmented the market into the following categories:
Breakup by Component:
Product
Services
Breakup by Deployment Mode:
Cloud-based
On-Premises
Breakup by Organization Size:
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
Breakup by End User:
Aerospace and Defense
Education
Media and Communication
Healthcare
BFSI
Transportation and Logistics
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
The report covers the major market players including:
Arista Networks Inc.
Broadcom Inc.
Cisco Systems Inc.
Dell Technologies Inc.
Extreme Networks
Fortinet Inc.
Hewlett Packard Enterprise Development LP
Huawei Technologies Co. Ltd.
Juniper Networks Inc.
Netscout Systems Inc.
Nokia Corporation
Riverbed Technology
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