Enterprise Networking Market - Growing Popularity and Emerging Trends in the Market | Arista Networks, Broadcom Inc., Extreme Networks, F5 Networks, FireEye, Inc., Fortinet, Juniper Networks, Palo Alto Networks, Riverbed Technology, Trend Micro

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. Thus, to secure the networks, they are deploying enterprise network security solutions to gain visibility of endpoints and unsecured devices & applications.

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The switches segment held a major share of the enterprise networking market in 2017, amounting to over 25%. To meet the growing network capacity demands, the enterprises rely on high-speed ethernet switches, which enable them to support various devices and allow high transmission rates. The rising demand for high-speed data services is driving the adoption of network switching technology, enabling enterprise networks to address the requirements for high-availability, unified communications, and virtualization.

Following Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 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

Enterprise Networking Market, By Component

o By Product
• Switches
• Network Security
o Firewall
o Intrusion prevention
o Anti-virus/Anti-malware
o Secure Web Gateway (SWG)
o Mobile Device Security
• Wireless
• Routers
• Network management
o By Service
• Training & Consulting
• Integration & Maintenance
• Managed Service

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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 maintenance solutions give customers the ability to upscale or downscale the services on demand and help clients achieve optimal performance from their networking systems.

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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North America held a major share of around 40% in the enterprise networking market in 2017 and is expected to dominate the market throughout the forecast period. The market growth is attributed to the increasing cases of cyber-thefts in defense & banking institutions. The growing complexity and diversity of cyber-attacks have driven the need among organizations to implement network traffic monitoring & security solutions to reduce the likelihood of large-scale data thefts. The growing popularity of BYOD and IoT trends has also resulted in the growth of cyber-crimes, forcing organizations to use network security solutions. An upsurge in connected devices in the region has made enterprise networks more complex. The evolving network landscape has generated the need among enterprises to reassess their network security infrastructure and adopt robust network monitoring solutions.

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