According to a new analysis published by Fact.MR, the global market for enterprise network equipment is expected to reach over US$ 18 billion by 2027. The enterprise network equipment market is seeing increased demand due to the rapid use of cloud computing technologies and the popularity of software defined network designs.
“A company’s communication backbone is enterprise network infrastructure, which provides connectivity between computers and other electronic devices across departments and workgroups. The gadget has scalability and interoperability, allowing businesses to improve their data management both outside and internally.”
Global Enterprise Network Equipment Market: In-Depth Assessment on Key Segments
The global enterprise network equipment market is segmented on the basis of equipment, vertical and region.
Equipment
- Routers
- Ethernet Switches
- WLAN Controllers
Vertical
- BFSI
- Healthcare & Lifesciences
- Communication, Media & Services
- Retail
- Manufacturing
- Energy & Utility
- Other Verticals
Consolidation among enterprise network equipment vendors is a driving force.
The enterprise network equipment industry is mainly consolidated, with the top tier rivals controlling the majority of market share, and numerous other medium and small-scale competitors hoping to develop critical technologies that will directly compete with the networking behemoths.
Mergers and acquisitions of vendors always have an impact on enterprise network equipment, and clients are often unsure what will happen to promote the products they have invested in.
For businesses, enterprise network equipment has become critical. Looking for Data Security That Is Critical?
The importance of knowing what’s going on with your network at all times, across all apps and devices, has been demonstrated by most enterprises. Organizations are putting in place business network equipment and building safety teams in order to collaborate more closely and exploit network infrastructure to improve visibility around the world. Network security is a powerful motivator to spend in networking services and equipment, such as enterprise network equipment. Cyber criminals are becoming more crafty and advanced as a result of rapid technology advancements. Furthermore, many valuable enterprises and customer information remain vulnerable to security risks as IT infrastructure is extended to virtual cloud-based platforms.
