The global enterprise networking market is expected to reach
USD 64.63 billion by 2024, according to a new report by Grand View Research,
Inc. Increasing adoption of virtualization technologies by organizations to
reduce the storage infrastructure costs is expected to offer lucrative
opportunities to the market over the forecast period.
Growing popularity of wireless
equipment and strong demand for internet-enabled devices is expected to drive
the revenue growth. Enterprises are favoring the advanced technologies and
features such as 100G Ethernet switches and adoption of 802.11 ac standards.
Request to Sample of This Report @ http://www.grandviewresearch.com/industry-analysis/enterprise-networking-market
Additionally, the proliferation
of Bring Your Own Device (BYOD) and expanding mobile
workforce is expected to augment industry growth. The BYOD trend epitomizing
the concept of any device used anywhere is fuelling the need for invasive
wireless networks and mission-critical mobility applications.
Growing IT infrastructure and
increasing demand from economies such as India, Japan, and China is expected to
fuel enterprise networking market growth. Rising bandwidth requirements and
accelerating shift towards wireless systems are also projected to boost demand
over the forecast period. However, rising security concerns and difficulty in
managing complex networks is expected to hamper growth.
The shift towards Software Defined
Networking (SDN) has had a considerable impact on the router and switch market.
The switch manufacturers are making their hardware more accessible through
Application Program Interface (API) which exposes their configurable elements.
This transition in design offers flexible and application-driven customization
of network infrastructure.
Moreover, small and
medium-sized businesses are expected to continue investing in the networking
market to make provisions for technological changes and to support their
expansion goals. Government initiatives in developing economies are aiming at
building smart cities, reducing the digital divide and improving financial
inclusions are expected to augment the demand for enterprise networking market.
Further key findings
from the report suggest:
·
Ethernet switch
is estimated to reach over USD 23.54billion by 2024 and growing at a CAGR of
4.5% from 2016 to 2024. Changing enterprise demand for high speed and better
performance with a shift towards 40GE switching is expected to boost the sales
of Ethernet switches.
·
WLAN accounted
for growing at a CAGR of over 8% from 2016 to 2024. This high growth can be
attributed to continuous improvements in wireless technologies and standards
that address the wireless applications.
·
The Asia Pacific
enterprise networking industry is expected to remain the largest market owing
to the widespread implementation of hybrid IT environments among organizations.
The regional industry is projected to account for over 40% by 2024, growing at
a CAGR of over 7.0% from 2016 to 2024.
·
Enterprise
networking vendors are evolving new business models to meet the demand of
customers by offering new solutions that reduce cost, improves operational
efficiency and replace legacy network infrastructure
·
Key players in
the enterprise networking market include Cisco Systems, Hewlett-Packard,
Alcatel-Lucent, Brocade Communications Systems and Juniper Networks.
Competition for enterprise customers and service providers is particularly
intense and increasingly focused on pricing. Growing adoption of SDN has
lowered the barrier to entry in the networking space, creating new competitors
for hardware vendors. Customer adoption of SDN is propelling proprietary
hardware vendors to adopt new strategies to protect their revenue bases.
To Get Sample Copy of Report visit
@ http://www.grandviewresearch.com/industry-analysis/enterprise-networking-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For More Information,
Visit Grand
View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
No comments:
Post a Comment