Enterprise Networking Market: Estimated To Be Driven By Innovation And Industrialization By 2027
Enterprise Networking Market: Overview
The global enterprise networking market is expected to expand at an impressive pace during the forecast period.
This is mainly due to unprecedented end user growth coupled by surge in adoption of connected devices. These devices are expected to generate a need for secure & real-time communication between devices.
An upcoming report on the enterprise networking market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover all the important segments in the market. Along with this, the report is anticipated to have of vital data that will help indicating growth and latest trend in the enterprise networking market during the forecast period.
Enterprise Networking Market: Notable Developments
Some of the recent development in the enterprise networking market are-
In June 19, Aerohive, a key player in the enterprise networking market is focusing on Cloud managed networking with the help of advanced technologies like AI and machine learning. This is expected to offer new growth opportunities in the enterprise networking market.
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In the same year, VMware entered in the enterprise networking market with the acquisition of Avi Networks. Such steps by the key players are expected to intensify competition in the enterprise networking market.
Key industry players are focusing in on organic growth strategies such as acquisitions and mergers, collaboration and to strengthen their market position. Some of the prominent players operating in the the enterprise networking market are Broadcom, Cisco, Dell Technologies, Extreme Networks, F5 Networks, Fortinet, HPE, Huawei, McAfee, Netscout, Riverbed, Trend Micro, and VMWare.
Enterprise Networking Market: Key Trends
The global enterprise networking market is projected to expand at remarkable pace in the coming few years. This is mainly due to the factors such as proliferation of advanced technologies such as Internet of Things (IoT). Apart from this, shifting consumer preferences toward converged network architecture coupled with growing implementation of network virtualization technology are the two prominent factor expected to boost the enterprise networking market in the coming few years.
Significant rise in network traffic and bandwidth bottleneck issues, is pressing enterprises to embrace the network management solutions. That’s because the technology helps them manage traffic while ensuring network security. The massive adoption of IoT devices has compromised data security owing to increase in number of unsecured devices. Thus to improve networks security the enterprises are adopting network security in order to gain visibility of endpoints and unsecured devices & applications.
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Apart from this, significant increase in cybersecurity is prominent factor driving the growth of the enterprise networking market. However, Interoperability issues associated with network services is a major restraint factor expected to impede growth in the global enterprise networking market. Nevertheless, factors like high adoption of SaaS applications by several enterprises is expected to propel enterprise networking market in the coming few years.
Enterprise Networking Market: Regional Outlook
The global enterprise networking market can be segmented into Asia Pacific, North America, the Middle East and Africa, Europe and Latin America. All these region, North America is expected to hold maximum share in the global enterprise e networking market due to a huge adoption of cloud-based infrastructure in the region
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