Press release
Enterprise Networking Market Estimated to Reach US$ 80.7 Billion by 2028
Enterprise Networking Market Report 2023
Report Highlights
How big is the enterprise networking market?
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.
What is enterprise networking?
Enterprise networking represents the infrastructure and systems responsible for linking diverse devices, including computers, servers, routers, switches, and wireless access points, within an organization. Its purpose is to facilitate uninterrupted data transmission and collaboration across numerous departments and locations. Enterprise networking solutions include the usage of local area networks (LANs), wide area networks (WANs), virtual private networks (VPNs), and cloud-based networks. They ensure secure and dependable connectivity, enabling employees to access centralized data, applications, and services and allowing businesses to enhance productivity, optimize resources, and support digital transformation endeavors. Consequently, enterprise networking finds widespread utilization across several sectors, such as aerospace, defense, education, media and communication, banking, healthcare, transportation, logistics, etc.
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What are the growth prospects and trends in the enterprise networking industry?
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.
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What is included in market segmentation?
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
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Who are the key players operating in the industry?
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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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