Enterprise Network is made up of routers, switches, and wireless access points and works by mediating data transfers between desktop, servers, and other devices. It is the backbone for any organization’s communication channels and helps in connecting devices within departments. They are usually configured to facilitate access to data and gain insights, which help employees in finding solutions in analytics. In addition, government initiatives to ramp up digital transformation have increased the demand for routers, switches, and wireless LAN networks, which is expected to boost the enterprise networking market growth in the future.
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Increased demand for high connectivity among enterprises to support bandwidth intensive applications and rise in need for efficient wireless networking among organizations boost the market growth. In addition, growing base of mobile internet devices is expected to supplement the market growth. However, lack of technical expertise and data security issues hamper the market growth. Furthermore, rise in adoption of virtualization technology and internet of things (IoT) is expected to provide lucrative opportunities for the global enterprise networking market.
Ongoing advancements in the wireless LAN technology and implementation of high speed ethernet switches across various industry verticals are expected to drive growth of the market. Companies need to have reliable network and secure network for communication among enterprises. In addition, companies are adopting this solution to provide efficient file sharing system among enterprises which is creating demand for this product and services.
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North America is expected to have the largest market share during the forecast period, owing to early adoption of technology and presence of prominent players in the region. In addition, small enterprises in the region are adopting enterprise networking solutions to get better data insights, which boosts growth of the market.
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Leading players in the market are Arista Networks, Inc., Broadcom, Checkpoint Software Technologies Ltd., Cisco Systems, Inc., Dell Technologies, Extreme Networks, F5 Networks, Inc., FireEye, Inc., Fortinet, Inc., HPE, Huawei Technologies Co. Ltd., Juniper Networks, Inc., McAfee LLC, Netscout, Riverbed Technology, Inc., Symantec Corporation, Trend Micro Inc.
Key Benefits of the Report –
- This study presents analytical depiction of the global enterprise networking market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global enterprise networking market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.
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