Increased demand for high connectivity among enterprises to support bandwidth intensive applications and rise in need for efficient wireless networking among organizations boost the enterprise networking 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.
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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.
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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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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COVID-19 Scenario Analysis:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the enterprise networking market in 2020.
- Though governments have imposed lockdowns to contain spread of the virus, large amount of data is being uploaded on cloud, owing to work from home and working remotely. This is expected to create demand for enterprise networking solutions to share files between systems and ultimately boost the market growth.
- To ensure high level of security on their network, enterprises are adopting these solutions which will ensure the market growth.
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