The Global Market for Enterprise Network Equipment is Projected to Reach US$40.5 Billion by 2024

Rapid Adoption of Digital Enterprise Technologies & Solutions Drives Global Demand for Enterprise Network Equipment, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Enterprise Network Equipment market. The global market for Enterprise Network Equipment is projected to reach US$40.5 Billion by 2024, driven by the growing shift towards wireless driven networking, rising bandwidth requirements, growing use of internet-enabled devices and increasing mobile workforce.

Increasing mobile workforce, rising use of internet enabled devices and growing bandwidth requirements in enterprises are driving the shift towards wireless application-driven mobile and multi-media network away from fixed line data-centric client-server topology. These factors are forging changes to network usage patterns in turn is fueling demand for increasingly resilient, scalable, intelligent and secure mobile network infrastructure. Increasing adoption of virtualization technology and digitalization of enterprise are other major factors driving growth in the enterprise network equipment market, which are the backbone of communications in an enterprise. Enterprise network equipment enables interoperability of devices and systems, thereby enhancing external and internal data management. Emergence of cloud and software defined networking (SDN) are also altering the market landscape, although much of the focus of these technologies is on data center networking.

Wi-Fi infrastructure is increasingly emerging as an answer to addressing impending capacity and cost challenges, and is driving the market for WLAN. Consequently, the market is expected to witness significant growth in demand for WLAN equipment, even as sales of Ethernet switches and routers come under tremendous pressure owing to emergence and growth in demand for wireless equipment. Adoption of 802.11ac standard continues to register overwhelming growth owing to the high-speed wireless data transmission capabilities is expected to drive demand for WLAN Equipment. Driven by the need for lower latency, higher bandwidth and enhanced performance, the Ethernet switches market has been witnessing shift towards high-end or high-speed switches across the industry. Enterprise routers are under significant duress, due in part to technological advancements that are demeaning its role in the changing enterprise network infrastructure. Meanwhile, webification of enterprise applications is driving the demand for application delivery controllers and increasing consolidation of IT infrastructure is driving demand for WAN optimization controllers.    

As stated by the new market research report on Enterprise Network Equipment, the U.S. represents the largest market worldwide. Asia-Pacific represents the fastest growing market worldwide, with a CAGR of 3.4% through the analysis period. Increasing proliferation of Internet-enabled mobile devices, specifically smartphones and tablets, and growing number of Internet users, are advancing mobile network technologies such as 3G/4G in several developing nations thereby presenting significant opportunities for enterprise network equipment vendors.

Major players in the market include A10 Networks Inc., ADTRAN Inc., Aerohive Networks Inc., Alcatel-Lucent Enterprise, Aruba Networks Inc., Brocade Communications Systems Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., D-Link Corporation, EnGenius Technologies, Extreme Networks Inc., F5 Networks Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Juniper Networks Inc., Radware Ltd., Riverbed Technology Inc., Symantec Corporation, Ubiquiti Networks Inc. and ZTE Corporation among others.

The research report titled “Enterprise Network Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Enterprise Network Equipment in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product types analyzed at the global level include Routers, Ethernet Switches, WLAN Equipment and Application Acceleration Equipment.

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