The enterprise networking global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Networking Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The enterprise networking market size has grown strongly in recent years. It will grow from $73.21 billion in 2023 to $79.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to raise in network automation, raise in artificial intelligence (AI) integration, increasing focus on network cost optimization, increasing internet of things (IoT) integration, increasing multi-cloud adoption.
The enterprise networking market size is expected to see strong growth in the next few years. It will grow to $113.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing cloud adoption, increasing cybersecurity threats, increasing network analytics usage, growing software-defined networking (SDN), growing virtualization in networking. Major trends in the forecast period include the emergence of 5g and WIFI 6 technology, integration of security features with SD-wan technology, continued reliance on network automation, implementation of wi-fi 6 (802.11ax), technology advancements.
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Scope Of Enterprise Networking Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Networking Market Overview
Market Drivers –
The increasing cybersecurity threats are expected to propel the growth of the enterprise networking market going forward. Cybersecurity threats refer to malicious activities performed with the harmful intent to steal data, damage, or disrupt computing systems. Cybersecurity threats are increasing due to expanding attack surfaces, evolving tactics by malicious actors, the proliferation of connected devices, and the growing dependency on digital infrastructure across various sectors. Enterprise networks reduce cybersecurity threats by providing firewalls, secure access controls, network segmentation, regular updates, encryption, security monitoring, employee training, and endpoint security. For instance, according to the Identity Theft Resource Center (ITRC), a US-based non-profit organization, the number of data breaches surged by 78% between 2022 and 2023, rising from 1,801 to 3,205 incidents. Therefore, increasing cybersecurity threats are driving the growth of the enterprise networking market.
Market Trends –
Major companies operating in the environment health and safety market are focusing on developing advanced cloud private editions, such as SAP S/4HANA Cloud private editions, to help companies transform their EHS processes and support sustainable growth. SAP S/4HANA Cloud Private Edition is a customizable cloud-based solution tailored to individual organizations’ specific needs, providing flexibility in cloud deployment. For instance, in 2023, SAP SE, a Germany-based software company, launched a new edition, SAP S/4HANA Cloud private edition, which offers new features to simplify environmental, health, and safety (EHS) processes, enabling organizations to identify and mitigate risks, assess hazards, implement preventive measures, and monitor risk controls. This technology demonstrates automation, system integration, and transparency, helping companies transform their EHS processes and achieve sustainable growth.
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
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Regional Insights –
Asia-Pacific was the largest region in the enterprise networking market in 2023. 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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Enterprise Networking Market Report Structure
3. Enterprise Networking Market Trends And Strategies
4. Enterprise Networking Market – Macro Economic Scenario
5. Enterprise Networking Market Size And Growth
…..
27. Enterprise Networking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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