Enterprise Networking Market Growth Analysis & forecast Report | 2024

The rapidly growing demand for connected devices across the globe is one of the pivotal factors driving enterprise networking market, given that these devices help facilitate real-time communication. In an effort to cope with and overcome the rapidly rising bandwidth bottleneck & network traffic issues, organizations worldwide are embracing network management solutions that keep the traffic flowing while also ensuring network security. The exponential surge in the number of IoT-enabled devices has drastically increased security risks, on the grounds of which organizations are rolling out enterprise network security solutions to obtain visibility of endpoints and unsecured applications & devices.

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With the exponentially growing adoption of mobile devices such as smartphones, laptops and tablets, companies have begun integrating these devices to the organizational network. Indeed, the global enterprise networking market would witness sizable growth from the surging sales of these devices, attributed to the increasing complexities as well as the added security provisions that have to be implemented to allow employees to use a mobile device for accessing the company’s valuable business data without jeopardizing the safety of the information stored on the company’s network.
The BFSI vertical in the enterprise networking market is expected to grow at a CAGR of over 4% from 2018 to 2024. Hackers are targeting banking institutions as they hold huge amounts of customer information and their financial records. The growing instances of cyber-attacks on financial IT networks have prompted institutions to undertake initiatives for modernizing their network security policies. Also, banks are rapidly adopting the virtualization technology due to the emerging needs of banks and other financial institutions to have an infrastructure that can accommodate multi-channel digital services and handle increasing data flows.

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APAC enterprise networking market is primarily driven by the large-scale adoption of cloud-based infrastructure in the region as the organizations are actively transferring their workloads onto the public cloud. According to a report by the not-for-profit organization, Cloud Security Alliance (CSA), in APAC, Japan, South Korea, Singapore & China are some of the primary nations that have witnessed the highest cloud adoption rate in 2017. The rising prominence of the cloud computing environment has further enabled network architectures that are disparate in nature to contribute to the increasing operational burden.

Another factor driving the enterprise networking market growth is the extensive adoption of machine learning to solve a broad range of networking and security challenges. Machine learning algorithms are used to monitor networks, deliver insights in case of anomalies, and recommend how to best optimize the network. Emerging network analytics services powered by AI and machine learning are being increasingly used to transform traditional network infrastructure management models.

Some Point from Table of Contents:

Chapter 6.Enterprise Networking Market, By Deployment Model

6.1.Key trends, by deployment model
6.2.On-premise
6.2.1. On-premise market estimates and forecast, 2013-2024
6.3.Cloud
6.3.1. Cloud market estimates and forecast, 2013-2024
Chapter 7.Enterprise Networking Market, By Application
7.1.Key trends, by application
7.2.BFSI
7.2.1. BFSI market estimates and forecast, 2013-2024
7.3.Healthcare
7.3.1. Healthcare market estimates and forecast, 2013-2024
7.4.IT & telecom
7.4.1. IT & telecom market estimates and forecast, 2013-2024
7.5.Manufacturing
7.5.1. Manufacturing market estimates and forecast, 2013-2024
7.6.Retail
7.6.1. Retail market estimates and forecast, 2013-2024
7.7.Government & public sector
7.7.1. Government & public sector market estimates and forecast, 2013-2024
7.8.Energy & utility
7.8.1. Energy & utility market estimates and forecast, 2013-2024
7.9.Others
7.9.1. Others market estimates and forecast, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/enterprise-network-equipment-market

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