Global Enterprise Networking Market by Equipment (Enterprise Routers, WLAN, Network Security, Ethernet Switch) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2015, the global enterprise networking market was worth USD 40.06 trillion. To remain competitive, enterprises will need to be digitally enabled. This is expected to drive demand for agile networking. It will also increase the importance of virtual and software defined networking. To increase their wireless capacity, companies are investing in upgrading their networks. They are also spending money on modernizing their network, which will fuel enterprise network demand during the forecast period.

The technological advancements in wireless LAN technology, high-speed Ethernet switches and other technologies are expected to drive industry growth. This technology has led to smaller, more efficient chipsets as well as modules that have additional functions. Over the next eight year, new growth opportunities will be created by the increasing demand for high-speed Ethernet switches.

Companies are reorganizing their networks to improve efficiency and responsiveness, enable mobile productivity and leverage big data.

Demand will be driven by a shift to wireless adoption, growing mobile workforce, rising bandwidth needs, and a growing base of mobile internet device users. Industry growth will also be aided by the increasing adoption of virtualization technology, and the high demand for internet enabled devices.

Markets are moving away from single-vendor environments to one where discrete decisions about different network building blocks are becoming more common. This new approach is expected to help network architects create network solutions that meet business needs and save money without increasing operational complexity.

Equipment Insights

The report examines the equipment segment, which includes enterprise routers, WLAN and Ethernet switch. In 2015, Ethernet switch was responsible for more than 40% of global revenue share. It is expected that it will continue to be the largest segment in terms revenue in 2024. The Ethernet switch market will be driven by a shift in preference for better performance and faster data.

U.S. Enterprise Networking Market by Equipment, 2012-2024 (USD Million).

WLAN will be the fastest growing segment during the forecast period. The demand for WLAN equipment is expected to rise due to the increasing demand from small and medium businesses for wireless equipment. Many employees bring their own devices to work and can access corporate applications that will help them improve their productivity. This has given enterprise IT the opportunity to expand or deploy new WLANs.

Due to high data security and privacy, network security will be a growing segment. Enterprises are spending a lot on cloud infrastructure, as well as budget allocations towards WLAN switches and network monitoring. The demand for networking equipment will increase due to the increased spending in branch offices.

Regional Insights

The lucrative market for electronic devices like routers and switches as well as an emerging sector for industrial manufacturing, Asia Pacific enterprise networking markets accounted for more than 35% of global revenue in 2015. This region is likely to see strong demand for precision equipment and outsourcing manufacturing activities to low-cost countries in Asia. Over the next seven year, regional growth will be boosted by robust IT sector development and a huge demand for high-tech devices on the Chinese market.

The U.S., Canada and Japan have facilitated the manufacturing and assembly of electronic components in Brazil and Mexico through free trade agreements. This has led to a high adoption rate of enterprise networking devices throughout Latin America. The Asia Pacific and Latin American regions will see a rise in adoption of the 802.11ac wireless standard.

Market Share Insights & Key Companies

Key competitors like Cisco Systems, Alcatel-Lucent and Hewlett-Packard dominate the global market for enterprise networking companies. They are all working together to make enterprise networking an integral part of various electronic devices and simplify its integration into other systems.

Key players are now able to offer new WLAN equipment because of shifting consumer preferences, which have shifted from wired to wireless networks. To gain competitive advantage, companies are also looking to develop strategic partnerships and acquire new businesses. In 2015, HP announced that it had acquired Aruba Networks. This acquisition strengthens HP's ability to facilitate and enable an enterprise transition to a campus network that is converged.

Enterprise Networking Market Report Scope

These are the most frequently asked questions about this report

b. Global enterprise networking market was valued at USD 48.0 billion in 2019, and is projected to grow to USD 50.6 billion by 2020.

b. Global enterprise networking market will grow at a compound annual rate of 5.6% between 2016 and 2024, to reach USD 64.6 million by 2024.

b. With a 30.5% share in 2019, North America was the dominant market for enterprise networking. This can be attributed to the increasing outsourcing of manufacturing activities in low-cost developing nations.

b. Broadcom, ALE International, Hewlett Packard Enterprise Development LP, and Cisco are some of the key players in enterprise networking.

b. The market growth is driven by two key factors: the increasing demand for digitalization in enterprises and the upgradation of networks to increase their wireless capacity.

Up Market Research published a new report titled “Enterprise Networking Market research report which is segmented by Equipment (Enterprise Routers, WLAN, Network Security, Ethernet Switch), By Players/Companies Cisco; ALE International; Hewlett Packard Enterprise Development LP; and Broadcom amongst others”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Enterprise Networking Market Report Segments:

The market is segmented by Equipment (Enterprise Routers, WLAN, Network Security, Ethernet Switch).

Enterprise Networking Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Enterprise Networking Market

Overview of the regional outlook of the Enterprise Networking Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Enterprise Networking Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Enterprise Networking Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Enterprise Routers

                2. WLAN

                3. Network Security

                4. Ethernet Switch

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Enterprise Networking Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Enterprise Networking Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.