The global enterprise networking market is expected to grow from USD 115.8 billion in 2024 to USD 175.2 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 8.6%. Enterprise networking solutions consist of local area networks (LANs) connected to wide area networks (WANs) and the cloud. These solutions enable organizations to link their data centers, branch offices, cloud services (both public and private), IoT devices, and remote workers. The network supports data exchange, business process execution, and provides insights into network activities, ensuring smooth business operations. Enterprise networks limit access to authorized users, devices, and locations, often securing data with VPN or TLS encryption. Modern enterprise networking has evolved significantly from previous years, with many hardware-based appliances transitioning to software-based or cloud-based services. While scaling hardware infrastructure requires additional equipment, software-based infrastructure allows cost-effective scaling using commodity hardware rather than vendor-specific products. These trends have led to a highly efficient, modern enterprise network architecture.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168098457
“Based on network, the campus network segment to hold the largest market size during the forecast period.”
Campus environments involve large-scale service to physically concentrated buildings or a geographic area, such as corporate headquarters, universities, or large enterprises. This is a network of high-performance networking, Wi-Fi, security, and management across several buildings or buildings connected by bridges. A campus network represents huge infrastructure investment in fixed and wireless networking, security, and management solutions. The campus networks market is vast, specifically within the higher education setting, the large enterprise, health, and government sectors. This, in many terms, often requires a higher spending; something which most very large networks require in order to be sophisticated and scalable.
“By end user, enterprise segment is expected to hold a higher growth rate during the forecast period.”
Enterprises form a large chunk of the market in terms of IT spending, which includes networking equipment, security solutions, and software. Large enterprises, especially in finance, healthcare, and technology, invest heavily in their networks to drive operations. Increasingly, they turn to SD-WAN, network security solutions, and cloud-based services for networking to support digital transformation, remote work, and hybrid clouds. The size of the enterprise market varies from industry to industry; for instance, some enterprises such as those operating in the finance, healthcare, and manufacturing sectors spend heavily on networking solutions because they are mission-critical and need secure and reliable connectivity. Enterprises make for a big, ever-expanding market, especially as they further adapt new technologies and grow their digital capabilities.
“North America is expected to hold the largest market size during the forecast period.”
North American enterprise networking is undergoing significant change, driven by the accelerating adoption of new technologies, shifting business needs, and evolving cybersecurity threats. Hybrid and multi-cloud strategies are being adopted by enterprises as a means to obtain the flexibility, scalability, and cost-effectiveness found in cloud services while keeping their sensitive data and critical applications under control. This has made it easy for businesses to leverage cloud resources and cloud-native networking solutions, such as cloud-managed routers and firewalls. Enterprises are integrating more AI and ML into SDN and SD-WAN to bring improvement to network automation, predictability, and security. Sustainability is being focused in enterprise networking, with organizations targeting a reduction in carbon footprint and energy consumed via increased efficiency of network designs and operations.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=168098457
Unique Features in the Enterprise Networking Market
Enterprise networking solutions consist of interconnected local area networks (LANs), wide area networks (WANs), and cloud services. These networks connect data centers, branch offices, cloud services, IoT devices, and remote workers, enabling seamless data exchange, business process management, and real-time insights into network activities.
Security is a crucial feature of enterprise networks, ensuring that access is limited to authorized users, devices, and locations. This is often achieved through the use of VPNs or TLS encryption, which safeguard sensitive data and maintain the integrity of the network.
A major trend in the enterprise networking market is the shift from hardware-based solutions to software-based or virtualized cloud services. Traditional networking relied on physical hardware, which required investment in additional equipment for scaling. In contrast, modern networks can scale using software and commodity hardware, significantly reducing costs.
Modern enterprise network architectures are highly efficient due to the ability to scale networks cost-effectively. Software-based infrastructure allows enterprises to expand their networks without the need for expensive, vendor-specific hardware, contributing to the growing efficiency and agility of today’s enterprise networks.
Major Highlights of the Enterprise Networking Market
Enterprise networking consists of local area networks (LANs), wide area networks (WANs), and cloud services. These networks interconnect various enterprise components such as data centers, branch offices, IoT devices, cloud services (public and private), and remote workers, facilitating seamless communication and operations across the organization.
Security is a top priority in enterprise networking, with stringent access controls in place to ensure only authorized users, devices, and locations can connect to the network. Encryption technologies like VPN and TLS are commonly used to protect sensitive data and maintain the integrity of network operations.
A key highlight is the shift from hardware-based networking to software-based or cloud-based solutions. This transformation allows enterprises to virtualize many networking functions, reducing the need for physical hardware and enabling greater flexibility in scaling their network infrastructures.
Modern enterprise networks are designed for scalability and cost efficiency. While traditional networks required investment in additional hardware to scale, today’s software-defined infrastructure enables enterprises to expand their networks more easily and at a lower cost, using commodity hardware instead of vendor-specific products.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=168098457
Top Companies in the Enterprise Networking Market
Various globally established players, such as Cisco Systems (US), IBM (US), Broadcom (US), Hewlett Packard Enterprise (US), Juniper Networks (US), Arista Networks (US), Huawei (China), Extreme Networks (US), Fortinet (US) are dominating the enterprise networking Market. To increase their market share in the enterprise networking Market, these competitors have used various growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.
Cisco Systems
Cisco Systems provides network technologies such as switching, enterprise routing, wireless, compute under the Secure, Agile Networks segment. Moreover, conferencing, collaboration devices, calling, networking, and CPaaS solutions are under the Collaboration segment. The company plays a dominant role in the enterprise communications market and has experience in communications and IT infrastructure. Through a combination of SD-WAN and IoT edge platforms, Cisco has expanded its networking capabilities for wireless and enterprise routing products. Cisco Digital Network Architecture (Cisco DNA) is a concept-based network architecture that provides advanced solutions for any enterprise networking need. The company also offers cross-enterprise security solutions such as SD-Access, Zero Trust Security, SASE, and SD-WAN security.
Hewlett Packard Enterprise (HPE)
Hewlett Packard Enterprise (HPE) has diverse offerings across different sectors. compute, HPC & Al, storage, intelligent edge, financial services, and corporate investments & others are among its important business segments. Integrated systems made for high-performance computing, Al, data analytics, and transaction processing are covered under HPC & Al division. These solutions are offered to governments, research institutions, and commercial entities globally. Through the HPE Greenlake edge-to-cloud platform, the storage segment delivers SaaS and cloud data services, focusing on agility and security. The intelligent edge business, operating under the Aruba brand, offers secure edge-to-cloud solutions that enable businesses to connect, driven by trends, such as remote work and loT. HPE’s financial services arm provides flexible investment solutions facilitating technology deployment and IT lifecycle management. Corporate investments and others include consultative services, software offerings, and research and development initiatives.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/enterprise-networking-market-168098457.html