Enterprise Networking Market 2024: Industry Analysis, Size, Share, Growth, Global Trends and Forecast

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Enterprise Networking Market Size to exceed 90bn
by 2024 growing at CAGR of 6
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Key Insights from Enterprise Networking Market

• The enterprise networking market growth is driven
  by the surge in connected devices that will
  generate a need for secure real-time
  communication between devices. To overcome the
  growing network traffic and bandwidth bottleneck
  issues, the enterprises are embracing network
  management solutions to manage traffic while
  ensuring network security. The massive rise in
  IoT devices has increased the security risks
  associated with unsecured devices. Thus, to
  secure the networks, they are deploying
  enterprise network security solutions to gain
  visibility of endpoints and unsecured devices
  applications.
• Other factors driving the enterprise networking
  market demand are shifting consumer preferences
  toward converged network architecture and the
  implementation of network virtualization
  technology to consolidate the network functions,
  enabling businesses to improve network efficiency
  and reduce operational costs. The increase in the
  mobility of enterprise users creates networking
  management complexities, resulting in the demand
  for convergence.

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Continued
The switches segment held a major share of the
enterprise networking market in 2017, amounting
to over 25. To meet the growing network capacity
demands, the enterprises rely on high-speed
ethernet switches, which enable them to support
various devices and allow high transmission
rates. The rising demand for high-speed data
services is driving the adoption of network
switching technology, enabling enterprise
networks to address the requirements for
high-availability, unified communications, and
virtualization. Integration maintenance
services in the enterprise networking market held
a major market share of over 42 in 2017. The
integration services enable enterprises to
control risks, costs, and quality through a
planned deployment process. An enterprise network
transformation requires changes both in
infrastructure and the way networks are managed.
This transformation accelerates the demand for
network maintenance services. The maintenance
solutions give customers the ability to upscale
or downscale the services on demand and help
clients achieve optimal performance from their
networking systems.
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Europe Enterprise Networking Market Size, By
Product, 2017 2024 (USD Million)

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Major Companies in Enterprise Networking Market

• Arista
• Broadcom
• Checkpoint
• Cisco
• Dell Technologies
• Extreme Networks
• F5 networks
• FireEye
• Fortinet
• HPE
• Huawei
• Juniper
• McAfee
• Netscout
• Palo Alto
• Riverbed
• Symantec
• Trend Micro
• VMWare

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Industry Coverage

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Regional Insights in Enterprise Networking Market

• Asia Pacific is expected to show the fastest
  growth rate of over 8 during the forecast
  timeline. The enterprise networking market size
  is driven by a huge adoption of cloud-based
  infrastructure as the companies are moving their
  workloads to the public cloud. According to the
  Cloud Security Alliance (CSA) in Asia Pacific,
  Japan, Singapore, South Korea, and China have
  witnessed the highest adoption of cloud platforms
  in 2017. The emergence of cloud computing
  environment has enabled disparate network
  architectures that add on to the operational
  burden. This has led to an increase in the demand
  for virtualization technology which adds agility
  to the computing environment and effectively
  addresses network demands. Other factors driving
  the enterprise networking market growth are the
  growing popularity of IoT and the rise in the
  number of cyber-attacks on the business-critical
  networks. With a rapidly evolving threat
  landscape, the demand for enterprise network
  security solutions is expected to accelerate over
  the forecast timeline.

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