Enterprise Network Equipment Market

Enterprise Network Equipment market is expected to witness a CAGR of approximately 6.4% during the forecast period, 2023-2030.

Overview of the Global Enterprise Network Equipment Market Report

Enterprise Networking refers to the physical, virtual, and logical design of a network and how the hardware, software, and protocols operate together to transmit information. The enterprise network is composed of routers, switches, and wireless access points.

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Market Dynamic

Key Drivers and Emerging Trends

The global enterprise network market is growing at a higher rate during the forecast period owing to the rising cases of cyber-thefts, specifically in the banking and defense institutions. Moreover, the increasing complexity and diversity of cyber-attacks have surged the need to implement network security equipment to decrease the likelihood of large-scale data thefts. As per the Identity Theft Resource Center, the total number of data breach incidents in the United States has reached 1473 million in 2019, which was around 419 million in 2011. Additionally, the strong demand for connected devices at the global level is further boosting the demand for enterprise network equipment market owing its feature to support real-time communication. The significant rise in the number of IoT-enabled devices has driven companies to implement enterprise network equipment solutions. Additionally, rise in the deployment of cloud computing by large enterprise and SMEs across industries is likely to create more opportunities for the market.

The emerging trend of IoT and BYOD trends has led to an increase in the number of cyber-crimes, which in turn, has encouraged enterprises to implement network security solutions. As per a report published by Cisco, 46% of the network devices will be machine-to-machine or IoT by 2020, which are vulnerable to attacks. In order to fully use these connected devices, the sectors should be equipped with WANs which are flexible to meet the growing demands in the coming years.

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Product Type – Segment Analysis

Based on the product type, the router is expected to lead the global market during the forecast period. The strong demand for wireless connectivity is one of the major factors that is responsible for the growth of the segment. As per Cisco, the predicted penetration of enterprise internet traffic through the wireless fixed-line connection in 2021 amounts to 125,988 petabytes per month. Thus, the increasing number of internet users will surge the growth of the segment.

Organization Size – Segment Analysis

Based on the organization size, the small and medium enterprises is predicted to witness a faster CAGR over the forecast period. The networking equipment provides exceptional benefits advantages such as helps in combing and switching packets of information, connects devices for data sharing, and transports or processes network traffic. Moreover, the ability of this type of equipment to enable SMEs to cater to a few users in small offices is propelling segment growth.

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Regional – Segment Analysis:

Based on the region, North America is predicted to dominate the market during the forecast period. This region has the major share of the market and has presence of leading players such as Dell Inc., Juniper Networks, Inc., Extreme Networks, Inc., and Arista Networks, Inc. Various leading companies are focusing on improving the network equipment technologies. In 2020, Aruba introduced enterprise-class telework hardware and plug-play installation, identity-based security, and other management solutions.

Top Market Players

Various notable players operating in the market include Cisco Systems, Aruba (Hewlett Packard Enterprise Development LP), Juniper Networks, Inc., Huawei Technologies Co., Ltd., Dell Inc., Extreme Networks, Arista Networks, Inc., Fortinet, Inc., VMware, Inc., and NETSCOUT, among others. 

Key Developments:

• • In 2020, Cisco Systems and NEC collaborated to offer network equipment with improved supply chain management. This advancement in NEC’s effort to improve verification, monitoring, and management of authenticity by using network system supply chain helped the company to strengthen its position.
  • In 2019, Juniper Networks introduced a cloud-delivered version of its SD-WAN solution. The Juniper’s Contrail Service orchestration provided organizations with a simple way to manage and secure the WAN infrastructure and branch LAN and Wi-Fi networks.

Segments Covered in the Report:

The global Enterprise Network Equipment Market has been segmented on the basis of product type, organization size, and regions. Based on the product type, the market has been segmented into router, LAN switches, WLAN, data center networking equipment, and firewall equipment. Based on the organization size, the market has been segmented into Small and Medium Enterprises and Large Enterprises. 

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Key questions answered in this research report:

• • At what pace is global Enterprise Network Equipment Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Global Enterprise Network Equipment Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Enterprise Network Equipment Market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various organization size areas of global Enterprise Network Equipment Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Enterprise Network Equipment Market by Product Type

• • Router
  • LAN Switches
  • WLAN
  • Data center Networking Equipment
  • Firewall Equipment

Global Enterprise Network Equipment Market by Organization Size

• • Small and Medium Enterprises
  • Large Enterprises

Global Enterprise Network Equipment Market by Region

• • North America Enterprise Network Equipment Market (Option 1: As a part of the free 25% customization)

    • By Product Type
    • By Organization Size
    • US Market All-Up
    • Canada Market All-Up

  • Europe Enterprise Network Equipment Market (Option 2: As a part of the free 25% customization)

    • By Product Type
    • By Organization Size
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Enterprise Network Equipment Market (Option 3: As a part of the free 25% customization)

    • By Product Type
    • By Organization Size
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Enterprise Network Equipment Market (Option 4: As a part of the free 25% customization)

    • By Product Type
    • By Organization Size
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Enterprise Network Equipment Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems
  • Aruba (Hewlett Packard Enterprise Development LP)
  • Juniper Networks, Inc.
  • Huawei Technologies Co., Ltd.
  • Dell Inc.
  • Extreme Networks
  • Arista Networks, Inc.
  • Fortinet, Inc.
  • VMware, Inc.
  • NETSCOUT