Enterprise Networking Market Poised for Robust Growth, Forecasted to Expand at 9.18% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Global 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.

Report Coverage

This report offers a comprehensive analysis of the Enterprise Networking Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Enterprise Networking Market Overview

The growth of the market is projected to be driven by the mounting adoption of cloud services, wireless devices, the IoT (Internet of Things), and other digital solutions, coupled with the surging demand for robust network connectivity owing to the increasing adoption of remote working models among several enterprises worldwide.

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Enterprise Networking Market Segmentation Outlook

The Enterprise Networking is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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

Enterprise Networking Market Driver

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.

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Top Enterprise Networking Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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 as key players shaping the market landscape.

Enterprise Networking Market News

• 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

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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