Enterprise Networking Market Overview
Market size and growth
Enterprise Networking Market Size was valued at USD 400.2 Billion in 2022. The Enterprise Networking Market is projected to grow from USD 426.2 Billion in 2023 to USD 705.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2032).
Key Players:
- A10 Networks Alation Inc.
- ALE International
- Broadcom Inc.
- Cisco Systems Inc.
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- Juniper Networks
- Riverbed Technology, Inc.
- ZTE Corporation
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Market segmentation
- The enterprise networking market can be segmented by product, by organization size, by industry, and by geography.
- By product, the market is segmented into hardware, software, and services. Hardware includes routers, switches, and wireless access points. Software includes network management software, security software, and collaboration software. Services include network design, implementation, and maintenance.
- By organization size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.
- By industry, the market is segmented into various industries, such as IT, healthcare, manufacturing, retail, and education.
- By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Enterprise Networking Market Trends
Increasing adoption of digital technologies and worldwide spending on smart city developments is driving market growth
Market CAGR for enterprise networking is being driven by the Increasing adoption of digital technologies and worldwide spending on smart city developments. The growing importance of network infrastructure is closely tied to the process of digitalization, resulting in an increased demand for such infrastructure. Businesses are expanding their networks to meet the growing bandwidth needs of wireless networks. Key drivers of the enterprise network infrastructure market include the widespread use of mobile devices, the escalating demand for greater bandwidth, and the shift toward wireless technologies. Companies are also making substantial investments in network upgrades to enhance speed, providing a reliable, energy-efficient, and cost-effective solution. Additionally, enterprises are increasingly embracing advanced technologies like 100G Ethernet switches and adopting standards such as 802.11ac, which facilitates high-performance wireless networks capable of supporting a diverse range of devices, including smartphones, tablets, M2M devices, and IoT devices.
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