Enterprise Network Equipment Market Research Report
The GMI Research's latest analysis reveals that the
Enterprise Network Equipment Market is slated to register a significant CAGR
over the forecast period. This is attributed to the increasing incidences of cyber-thefts,
particularly in the banking and defense institutions, and growth in cloud
computing deployment by large enterprises and SMEs across sectors.
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Enterprise Network Equipment Market’s leading
Manufacturers:
·
Cisco Systems
·
Aruba (Hewlett Packard Enterprise Development
LP)
·
Juniper Networks, Inc.
·
Huawei Technologies Co., Ltd.
·
Dell Inc.
·
Extreme Networks
·
Arista Networks, Inc.
·
Fortinet, Inc.
·
VMware, Inc.
·
NETSCOUT
Enterprise Network Equipment Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
The increasing incidences of cyber-thefts, particularly in
the banking and defense institutions, is a key driver contributing to the
growth of the enterprise
network equipment market. Furthermore, the growing complexity and diversity
of cyber-attacks have increased the requirement to implement network security
equipment to reduce the chances of large-scale data thefts. According to the
Identity Theft Resource Center, the total number of data breach cases in the US
had touched 1473 million in 2019, about 419 million in 2011. Furthermore, the
rising demand for connected devices worldwide will further fuel the demand for
the market due to its properties to boost real-time communication. The
increasing number of IoT-enabled devices has encouraged organizations to
implement enterprise network equipment solutions. In addition to this, the
growth in the deployment of cloud computing by large enterprises and SMEs
across sectors will further open doors for the growth of the enterprise network
equipment market share in terms of revenue.
The rising trend of IoT and BYOD trends is increasing the
number of cyber-crimes, which in turn has promoted enterprises to implement
network security solutions. According to a report published by Cisco, around
46% of the network devices will be machine-to-machine or IoT by the end of
2020, which are more exposed to attacks. For fully using the connected devices,
the industries should be equipped with WANs, which are projected to fulfill the
rising demand during the forecast period.
Product
Type Segment Drivers
Based on the product type, the router is predicted to
dominate the market due to the growing demand for wireless connectivity.
According to Cisco, the expected penetration of enterprise internet traffic
through the wireless fixed-line connection in 2021 accounted for 125,988
petabytes every month. Thereby, the rising number of internet users will boost
the growth of the market.
Organization
Size Segment Drivers
Based on the organization size, the small and medium
enterprises is anticipated to rise at a higher CAGR in the upcoming years as
the networking equipment offers remarkable benefits like aids in switching and
combing packets of information, transports or processes network traffic, and
connects devices for data sharing. In addition to this, the capability of this
type of equipment to allow SMEs to capture few users in small offices will
support the market growth.
Enterprise Network Equipment Market Segmentation:
Segmentation
by Product Type:
·
Router
·
LAN Switches
·
WLAN
·
Datacentre Networking Equipment
·
Firewall Equipment
Segmentation
by Organization Size:
·
Small and Medium Enterprises
·
Large Enterprises
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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