Month: September 2024

“Cisco Systems (US), Broadcom (US), Hewlett Packard Enterprise (US), Juniper Networks (US), Extreme Networks, Inc. (US), Huawei (China), Fortinet (US), Cloudflare, Inc. (US), Alcatel-Lucent Enterprise (France), Arista Networks (US), Riverbed Technology (US), Check Point Software Technologies Ltd. (Israel).”

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.

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“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.

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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.

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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.

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“Cisco (US), HPE(US), IBM (US), Ericsson (Sweden), Huawei (Japan), Juniper Networks (US), Fujitsu (Japan), Accenture (Ireland), NTT Data (Japan), NEC(Japan), Extreme Networks (US), CommScope (US), Zyxel Networks (Taiwan), Infoblox (US), D-Link (Taiwan), Veracloud (Malta), Accrets International (Singapore), Mindsight (US), Kalyx (India), Iricent (Ireland), Total Communications (US).”

The global cloud managed network market is expected to grow from USD 21.6 billion in 2022 to USD 36.3 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. Key factors driving this growth include the rising demand for cloud managed networks and the growing dependence of organizations on IT assets to boost business productivity.

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Solutions segment to hold the  highest market share during the forecast period

Companies are rapidly adopting cloud managed network soltutions to streamline their business procedures, along with delivering better and agile services to their customers. Also, benefits, such as cost-saving, increased efficiency and flexibility, and reduced downtime, have increased the demand for cloud managed network solutions and services.

Private Cloud segment to grow at the highest CAGR during the forecast period

Private clouds are created for specific groups or organizations that require customization and control over their data. Enterprises opt for private cloud, as it provides a highly secure and centralized storage infrastructure. The need to enable companies  to have a better control of the data and can reduce the risk of data loss and issues connected to the regulatory compliance, will drive the segment growth.

Asia Pacific (APAC) region to record the highest growth rate in the cloud managed network market in 2022

Asia Pacific is an emerging region in the cloud managed network market.  The region consists  of major economies, such as China, Japan, Singapore, South Korea, and India. The ICT applications are key elements for socio-economic development in the region, and it has  significant expertise in the ICT field. The efforts by  public and private institutions to bring ICT and telecommunications by developing ICT infrastructure inorder to increase  efficiency and improve productivity for businesses operating in different verticals  in the region will drive the market growth.  Also the need  to support next-generation offerings such as cloud services, AI, IoT and edge computing, will drive digital economic growth and innovation within the region.

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Unique Features in the Cloud Managed Network Market

This growth reflects the increasing shift toward cloud solutions as businesses aim for flexibility, scalability, and improved operational efficiency.

Cloud managed networks offer the unique ability to streamline and centralize IT asset management. Organizations can efficiently oversee, monitor, and optimize their network operations from a single platform, reducing the complexity associated with managing on-premise networking infrastructure.

A core feature of cloud managed networks is their contribution to boosting business productivity. By outsourcing network management to the cloud, enterprises can focus on their core operations while enjoying enhanced network performance, reduced downtime, and improved overall efficiency.

One of the standout features of cloud managed networks is their inherent scalability. Businesses can easily scale their network infrastructure to meet growing demands without needing to invest in additional hardware. This flexibility allows organizations to adapt quickly to changes in business needs and technological advancements.

Cloud managed networks are highly cost-efficient, as they eliminate the need for significant upfront investments in hardware and ongoing maintenance. Organizations can reduce their IT overhead by leveraging cloud services, allowing them to allocate resources more effectively while maintaining a reliable and secure network.

Major Highlights of the Cloud Managed Network Market

This surge underscores the increasing adoption of cloud solutions to meet modern networking demands.

A key driver of this growth is the rising demand for cloud managed networks, as organizations seek to streamline their network management processes. Cloud solutions provide a more flexible and efficient alternative to traditional on-premise networking infrastructure, enhancing overall network performance.

Organizations are increasingly relying on cloud managed networks to optimize their IT assets. This shift allows businesses to monitor, manage, and scale their network operations efficiently, resulting in better resource utilization and improved productivity across the enterprise.

The adoption of cloud managed networks plays a pivotal role in enhancing business productivity. By offloading network management to the cloud, businesses can focus on core functions, reduce operational downtime, and ensure a more reliable and agile network infrastructure.

Cloud managed networks offer unmatched scalability and cost-efficiency. Companies can expand their network infrastructure on-demand without the need for costly hardware investments, allowing for significant savings on both capital expenditures (CapEx) and operational expenditures (OpEx).

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Top Companies in the Cloud Managed Network Market

Key and innovative companies in the Cloud Managed Network market include Cisco (US), HPE(US), IBM (US), Ericsson (Sweden),  Huawei (Japan), Juniper Networks (US), Fujitsu (Japan),  Accenture (Ireland), NTT Data (Japan), NEC(Japan), Extreme Networks (US),  CommScope (US), Zyxel Networks (Taiwan), Infoblox (US), D-Link (Taiwan), Veracloud (Malta), Accrets International (Singapore), Mindsight (US), Kalyx (India), Iricent (Ireland), Total Communications (US), Cloudscape Technologies (US), DynTek (US), Inhand Networks (US), Engenius Technologies (US).

Cisco:

Cisco specializes in designing and selling a broad range of technologies that power the internet. The company offers products and technologies in the different categories such as  infrastructure platforms; applications; security; and other products. In addition to the product offerings, it provides a wide range of service offerings, including technical support and advanced services. It also offers services to businesses of all size, public institutions, governments, and service providers, including large web-scale providers. The company also provides comprehensive advisory services focused on responsive, preventive, and consultative support of technologies for specific networking needs. It also offers support and maintenance services to help the customers inoder to  operate their products  efficiently. The services offered by the company enables the  customers to  protect their network investments, manage risks, and minimize downtime for systems running mission-critical applications. Cisco’s  customers primarily operate in the following markets: enterprise, commercial, service provider, and public sector. The company  conducts its  business globally and has geographical presence across the Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC).

IBM:

IBM is of the leading providers of cloud platform services and cognitive solutions, IBM works across the cloud, IT infrastructure, security, services, and research domains. The company operates in more than 175 countries and caters to various industries across the world. It functions through six main segments: Global Technology Services, Cloud and Cognitive Software, Global Business Services, Systems, Global Financing, and Other. IBM offers infrastructure, hosting, and consulting services in the areas of customer relationship management, business analytics optimization, outsourcing, software, and security. The company is focused on developing solutions and products that are powered by the latest technologies, including AI and ML, analytics, big data, and IoT. It also offers services to help clients transform their businesses. IBM cloud managed network allow organizations to utilize the agility and efficiency of cloud with a secure, scalable infrastructure designed for enterprise-grade workloads.

Ericsson:

Ericsson is one of the leading providers of information and communication technology to service providers. It makes its customers successful in a fully connected world by innovating game-changing technology and solutions that are easy to use. It offers solutions for networks, cloud software solutions, and emerging businesses, helping customers improve their efficiency and digital experience and capture new revenue streams. Ericsson had been operated in more than 180 countries, and it had over 57,000 granted patents. Ericsson’s Network Design and Optimization portfolio include services and software enabled by the Ericsson Operations Engine. With big data, AI, and crowdsourced data analytics, the solutions deliver superior performance while limiting costs by monitoring numerous KPIs, building an end-user experience-centric model, and enabling targeted CAPEX investments.

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