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Enterprise Network Equipment Market 2021 Size, Status and Global Outlook - Cisco Systems Inc., Aruba (Hewlett Packard Enterprise Development LP), Juniper Networks, Inc
The Enterprise Network Equipment Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The enterprise network equipment market was valued at USD 9.83 billion in 2020 and is expected to reach USD 15.48 billion by 2026, at a CAGR of 7.85% forecast period 2021 to 2026.
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Top Leading Companies of Enterprise Network Equipment Market are Cisco Systems Inc., Aruba (Hewlett Packard Enterprise Development LP), Juniper Networks, Inc., Huawei Technologies Co. Ltd, Dell EMC, Extreme Networks, Inc., Arista Networks, Inc., Fortinet, Inc., Vmware, Inc., NetScout Systems, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd, F5 Networks, Inc. and others.
Industry News and Updates
February 2020- NEC and Cisco announced to provide network equipment with enhanced supply chain management. This is an important advancement in NEC's efforts to strengthen the verification, monitoring, and management of authenticity throughout the network system supply chain by expanding the scope of targeted network equipment through partnerships. Both NEC and Cisco aim to begin rolling out network equipment based on this initiative from fiscal 2020.
Key Market Trends
Network Security is Growing Due to Data Security Concerns
- The growth of the market is attributed to the increasing cases of cyber-thefts in banking and defense institutions. The growing complexity and diversity of the cyber-attacks have driven the need among organizations to implement network security equipment to reduce the likelihood of large-scale data thefts. For instance, according to the Identity Theft Resource Center, the number of data breach incidents in the United States has continuously increased from 2011 (419 million) to 2019 (1473 million).
- Many organizations are reaching for more robust cybersecurity strategies apart from implementing traditional firewalls and controlling user access. This creates an excellent opportunity for developers to bring new defense approaches to the table. Incorporating AI to develop intuitive, efficient systems will allow businesses to use smart machine capabilities to detect threats early and use proactive strategies in defending their information.
Regional Outlook of Enterprise Network Equipment Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Enterprise Network Equipment Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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