Enterprise Networking Market is Booming Worldwide with Key Players: Broadcom Inc., Check Point Software Technologies, Ltd., Extreme Networks, FireEye, Inc., Fortinet, Juniper Networks, McAfee, Palo Alto Networks, Riverbed Technology, Trend Micro, NETSCOUT

The Enterprise Networking Market growth is driven by the surge in connected devices that will generate a need for secure & real-time communication between devices. To overcome the growing network traffic and bandwidth bottleneck issues, the enterprises are embracing network management solutions to manage traffic while ensuring network security. The massive rise in IoT devices has increased the security risks associated with unsecured devices.

The key players in the enterprise networking market are Arista Networks, Broadcom Inc., Check Point Software Technologies, Ltd., Cisco, Dell Technologies, Extreme Networks, F5 Networks, FireEye, Inc., Fortinet, Hewlett Packard Enterprise, Huawei Technologies, Juniper Networks, McAfee, NETSCOUT, Palo Alto Networks, Riverbed Technology, Symantec, Trend Micro

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Other factors driving the enterprise networking market demand are shifting consumer preferences toward converged network architecture and the implementation of network virtualization technology to consolidate the network functions, enabling businesses to improve network efficiency and reduce operational costs. The increase in the mobility of enterprise users creates networking & management complexities, resulting in the demand for convergence.

Integration & maintenance services in the enterprise networking market held a major market share of over 42% in 2017. The integration services enable enterprises to control risks, costs, and quality through a planned deployment process. An enterprise network transformation requires changes both in infrastructure and the way networks are managed. This transformation accelerates the demand for network maintenance services.

The manufacturing segment in the enterprise networking market is expected to grow at a CAGR of over 8% from 2018 to 2024. The manufacturing industry is witnessing an increase in the demand for network virtualization solutions to centralize administrative tasks while improving scalability and reducing workloads. The rise in the number of cloud IIoT solutions is also fueling the demand for networking solutions that provide real-time visibility control and analytics.

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The on-premise deployment model held a major share of the enterprise networking market as this model enables IT architects to configure solutions to match their needs. These solutions help businesses to ensure that their networks are running securely and giving them direct control to access the data and control security of the computing infrastructure.

Asia Pacific is expected to show the fastest growth rate of over 8% during the forecast timeline. The enterprise networking market size is driven by a huge adoption of cloud-based infrastructure as the companies are moving their workloads to the public cloud. According to the Cloud Security Alliance (CSA) in Asia Pacific, Japan, Singapore, South Korea, and China have witnessed the highest adoption of cloud platforms in 2017. The emergence of cloud computing environment has enabled disparate network architectures that add on to the operational burden.

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This has led to an increase in the demand for virtualization technology which adds agility to the computing environment and effectively addresses network demands. Other factors driving the enterprise networking market growth are the growing popularity of IoT and the rise in the number of cyber-attacks on the business-critical networks. With a rapidly evolving threat landscape, the demand for enterprise network security solutions is expected to accelerate over the forecast timeline.

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