Enterprise Networking Market Analysis 2030 - Size, Share, Growth, Trends, and Industry Insights
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Enterprise Networking Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Enterprise Networking Industry (2024-2030):
According to the latest report, The Enterprise Networking Market size is valued at around USD 124.29 billion in 2024 and is projected to grow at a CAGR of around 9.18% during 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Enterprise Networking industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-2030): 9.18%
- Market Value in 2024: USD 124.29 Billion
What are the major Driver the Enterprise Networking industry?
Increasing Digital Transformation Driving Market Growth – Currently, digital transformation is all about radical changes in how businesses run and interact with technology. Hence the primary driver for the growth of the Global Enterprise Networking Market is the ongoing demand for digital transformation in the companies. For high performance and seamless integration, businesses need reliable and scalable network systems, which can be possible with digital technologies such as cloud computing and artificial intelligence. To use, these technologies, businesses are required to update the IT infrastructure and enterprise networking which further increases the demand for enterprise networking in the market.
Additionally, digital technologies also support remote work streamline processes, and adjust according to the changes quickly which enhances the agility and efficiency of the business. Hence businesses making investments in networking technologies to integrate with digital technologies will further propel the demand in the enterprise networking industry.
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Enterprise Networking Market Segmentation
The Enterprise Networking Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- WAN & WLAN based
- LAN Based
- Cloud Based
- By Component
- By Product
- Ethernet Switches
- Router
- Wireless Access Point
- WLAN
- By Services
- Cloud Networking
- Network Virtualization
- Container Networking
- Security
- Cloud
- Network
- By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- By Deployment
- On Premise
- Cloud
- By End User
- Retail
- BFSI
- IT & Telecom
- Media & Entertainment
- Education
- Government
- Energy & Utilities
- Automotive
- Others (Healthcare, Aerospace, etc.)
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
As per the regional aspect, the Enterprise Networking Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/enterprise-networking-market.html
Top Companies in the Enterprise Networking Market
Cisco Systems, Inc., Huawei Technologies Co., Ltd., Dell Inc., Hewlett Packard Enterprise Development LP (Aruba Networks), Arista Networks, Juniper Networks, Inc., VMware, Inc., Extreme Networks, NVIDIA Corporation, Nutanix, Riverbed Technology, Netscout, and others
Others Reports:
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Global Enterprise Networking Industry Recent Development:
August 2023: Dell introduced its new PowerEdge R760 servers with integrated networking capabilities aimed at optimizing data center operations and supporting high-demand applications.
July 2023: Arista Networks announced the release of its new 7800R3 series of routers. These routers offer increased bandwidth and advanced telemetry features designed for high-performance enterprise and service provider networks.
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