Enterprise Networking Market 2018 Industry Trends, Technology Advancements, Regional Demand, Growth Dynamics To 2024

1
Enterprise Networking Market Size to Exceed 90
bn by 2025 Growing at CAGR of 6
2
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. The converged enterprise network
  management systems play an important role in
  allowing enterprises to diagnose network issues.
  These systems provide an end-to-end visibility
  and enable network operators to view the
  converged network architecture.

3
Continued
The cloud-based deployment model in the
enterprise networking market is projected to grow
with a CAGR of over 9 from 2018 to 2024. The
cloud-based model provide a comprehensive set of
service and frameworks that enable enterprises to
quickly adapt to new business needs and reduce
costs. These models offer a new way to operate
and manage distributed enterprise networks and
provide network capabilities via a cloud
infrastructure that requires less or no
additional investment in physical IT resources.
Managed service in the enterprise networking
market is expected to hold a market share of over
35 by 2024. As the network infrastructure is
rapidly evolving with the introduction of new
applications, devices, and technologies,
enterprises are turning to managed network
services, seeking the help of external experts to
design and maintain the network, once it is
deployed. The reliance on third-parties enables
them to become more agile and free up internal
resources to work on innovation and development.
The IT telecom sector in the enterprise
networking market held a major share of around
30 in 2017. Securing network infrastructure is a
major concern for the IT telecom industry as
the companies rely heavily on the robustness of
their IT infrastructure to ensure smooth and
secure operation of almost all their business
processes. Any disruption in their network
operations may result in a substantial loss of
mission-critical data of companies as well as
their clients.
4

Latest Research Report On Enterprise Networking
Market _at_ https//www.gminsights.com/industry-anal
ysis/enterprise-network-equipment-market
Request for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/2978
5
Asia Pacific Enterprise Networking Market Size,
By Service, 2017 2024 (USD Million)

6
Major Companies in Enterprise Networking Market

• Arista Networks
• Broadcom Inc.
• Check Point Software Technologies, Ltd.
• Cisco
• Dell Technologies
• Extreme Networks
• F5 Networks
• FireEye, Inc.
• Fortinet
• Hewlett Packard Enterprise
• Huawei Technologies
• Juniper Networks
• McAfee
• NETSCOUT
• Palo Alto Networks
• Riverbed Technology
• Symantec
• Trend Micro

7
Industry Coverage

8
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.
• North America held a major share of around 40 in
  the enterprise networking market in 2017 and is
  expected to dominate the market throughout the
  forecast period. The market growth is attributed
  to the increasing cases of cyber-thefts in
  defense banking institutions. The growing
  complexity and diversity of cyber-attacks have
  driven the need among organizations to implement
  network traffic monitoring security solutions
  to reduce the likelihood of large-scale data
  thefts. The growing popularity of BYOD and IoT
  trends has also resulted in the growth of
  cyber-crimes, forcing organizations to use
  network security solutions. An upsurge in
  connected devices in the region has made
  enterprise networks more complex.

9
Stay In Touch Website www.gminsights.com Soci
al Media