Growth opportunities in the Enterprise Network Equipment Market look promising over the next six years. This is mainly due to the rising complexity and diversity of cyber auctions and the intensifying utilization of cloud computing by large businesses and SMEs.
Enterprise Network Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global enterprise network equipment market is forecasted to witness faster growth in the near future. This is mainly because of the increasing incidences of cyber-attacks, primarily in the banking and defense sectors. Also, the augmenting complications and assortments have raised the need to execute network security tools to reduce the possibility of extensive data thievery. In accordance with the Identity Theft Resource Center, the comprehensive number of data violation cases in the United States has extended to approximately 1473 million in 2019, which was nearly 419 million in 2011. In addition, the robust demand for connected devices throughout the world is bolstering the enterprise network equipment market size owing to its beneficial feature to support real-time communication. The consequential increase in the implementation of IoT – enabled devices has directed enterprises to effectuate these solutions. Furthermore, the surge in the deployment of cloud computing by small, medium, and large enterprises across industries will bring enormous growth opportunities for the market.
In addition, the emerging drift towards the Internet of Things and BYOD has raised the number of cyber-crimes which has persuaded corporations to enact these solutions. According to the report published by Cisco, about 46% of the network devices will be machine-to-machine or IoT by 2020, which are assailable to attacks. In order to completely implement these connected devices, the sectors have to be equipped with WANs, which are flexible to serve the escalating demand for individuals.
Regional Drivers
Based on the regional coverage, North America is expected to lead the market during the forecast period. This is primarily attributed to the prevalence of prominent players such as Dell Inc., Extreme Networks, Inc., Juniper Networks, Inc., and Arista Networks, Inc. Various leading companies are emphasizing on enhancing the network equipment technologies. Aruba, in 2020, launched enterprise-class telework hardware and plug-play installation, identity-based security, and other management solutions.
Enterprise Network Equipment Market’s leading Manufacturers:
- NETSCOUT
- Fortinet, Inc.
- Extreme Networks
- Huawei Technologies Co., Ltd.
- Aruba (Hewlett Packard Enterprise Development LP)
- VMware, Inc.
- Arista Networks, Inc.
- Dell Inc.
- Juniper Networks, Inc.
- Cisco Systems
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
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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