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How has the Enterprise Networking market grown over the years?

The size of the enterprise networking market has significantly expanded in the past few years. It is projected to escalate from $79.64 billion in 2024 to $87.1 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.4%. The growth during the historical period can be linked to the surge in network automation, increased incorporation of artificial intelligence (AI), heightened focus on optimizing network costs, escalating IoT integration, and the expanding adoption of multi-cloud systems.

What Is the forecasted market size and growth rate for the enterprise networking market?

The market size of enterprise networking is forecasted to undergo significant expansion in the coming years, with it projected to reach $123.33 billion in 2029 at a CAGR of 9.1%. This anticipated growth within the forecast period is due to a surge in cloud adoption, an escalation in cybersecurity threats, an upswing in the usage of network analytics, and the rise of software-defined networking (SDN) and network virtualization. Key trends within this forecasted period include the advent of 5g and WIFI 6 technology, the fusion of security features with SD-wan technology, sustained dependence on network automation, the application of wi-fi 6 (80211ax), and technological advancements.

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What are the major factors driving growth in the enterprise networking market?

The rise in cybersecurity threats is projected to drive the growth of the enterprise networking market. These threats encompass harmful activities deliberately performed to exfiltrate data, cause harm or disturbance to computer systems. Amid the widened attack surfaces, enhanced strategies by malevolent actors, the growing multitude of connected devices, and the heightened reliance on digital infrastructure in different sectors, cybersecurity threats are intensifying. Enterprise networks combat these cybersecurity threats using several measures including firewalls, secured access controls, network segmentation, frequent updates, encryption, security surveillance, employee education, and endpoint security. As an example, data from the Identity Theft Resource Center (ITRC), an NGO based in the U.S., reveals that the count of data breaches soared by 78% between 2022 and 2023, skyrocketing from 1,801 to 3,205 incidents. Consequently, the escalation in cybersecurity threats is contributing to the expansion of the enterprise networking market.

What key areas define the segmentation of the global enterprise networking Market?

The enterprise networking market covered in this report is segmented –

1) By Component: Product, Services

2) By Deployment Mode: Cloud-Based, On-Premises

3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)

4) By End User: Aerospace And Defense, Education, Media And Communication, Healthcare, Banking, Financial Services, And Insurance (BFSI), Transportation And Logistics, Other End Users

Subsegments:

1) By Product: Routers, Switches, Network Interface Cards (Nics), Wireless Access Points, Firewalls, Load Balancers, Network Security Appliances, Modems, Gateway Devices, Network Monitoring And Management Tools, Network Cables And Connectors, Virtual Private Network (Vpn) Appliances

2) By Services: Network Consulting Services, Network Design And Architecture Services, Network Integration Services, Managed Network Services, Network Security Services, Network Maintenance And Support Services, Cloud Networking Services, Network Optimization And Performance Management, Installation And Configuration Services, Network Monitoring And Monitoring As A Service (Naas), Disaster Recovery And Business Continuity Services, Training And Technical Support Services

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What are the top market players propelling the growth of the enterprise networking industry?

Major companies operating in the enterprise networking market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company (HPE), Nokia Corporation, CommScope Inc., Palo Alto Networks Inc., Juniper Networks Inc., Arista Networks Inc., Fortinet Inc., Citrix Systems Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Ubiquiti Inc., Riverbed HOLDINGS INC., Extreme Networks Inc., Zyxel Communications Corporation, ADTRAN Inc., NETGEAR Inc., D-Link Corporation, SonicWall Inc., Barracuda Networks Inc., Allied Telesis Inc.

What are the key trends shaping the future of the enterprise networking market?

Leading corporations involved in the enterprise networking sector are inventing cutting-edge technologies like Net5.5G intelligent cloud-network solutions. These solutions aim to set up a business network linking an organization’s workforce, assets, and applications. The integration of cloud computing technology with networking infrastructure through Net5.5G solutions offers scalable, adaptable, and efficient networking services. As an example, in February 2024, Huawei Technologies Co. Ltd, a China-based production firm offering a suite of inventive solutions for cloud networking, introduced four Net5.5G intelligent cloud-network solutions with the objective of expediting intelligent transformation and boosting digital productivity. The named solutions include Net5.5G High-Quality 10 Gbps CloudCampus, Net5.5G Converged WAN, Net5.5G Ultra-Resilient Multi-DC Network, and Net5.5G HiSec SASE. Their main purpose is to augment network quality, enhance digital services, support secure encryption, render fault-tolerant services and ensure integrated security protection for enterprise branches. Huawei’s HiSec SASE Solution, which functions on a safe and efficient network architecture, stands out with three unique attributes – rapid threat handling time in seconds, unmatched detection performance, and precise ransomware prevention measures.

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What regions are dominating the enterprise networking market growth?

Asia-Pacific was the largest region in the enterprise networking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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