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Enterprise Networking Market Size, Insights, Country-wise Forecast, Demand Outlook, Trends & Business Strategies

04-24-2023 10:57 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Enterprise Networking Market

Enterprise Networking Market

Enterprise Network is made up of routers, switches, and wireless access points and works by mediating data transfers between desktop, servers, and other devices. It is the backbone for any organization's communication channels and helps in connecting devices within departments. They are usually configured to facilitate access to data and gain insights, which help employees in finding solutions in analytics. In addition, government initiatives to ramp up digital transformation have increased the demand for routers, switches, and wireless LAN networks, which is expected to boost the market growth in the future.

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Increased demand for high connectivity among enterprises to support bandwidth intensive applications and rise in need for efficient wireless networking among organizations boost the market growth. In addition, growing base of mobile internet devices is expected to supplement the market growth. However, lack of technical expertise and data security issues hamper the market growth. Furthermore, rise in adoption of virtualization technology and internet of things (IoT) is expected to provide lucrative opportunities for the global enterprise networking market.

Ongoing advancements in the wireless LAN technology and implementation of high speed ethernet switches across various industry verticals are expected to drive growth of the market. Companies need to have reliable network and secure network for communication among enterprises. In addition, companies are adopting this solution to provide efficient file sharing system among enterprises which is creating demand for this product and services.

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The enterprise networking market has been experiencing significant growth in recent years, driven by the increasing demand for reliable and secure network infrastructure to support digital transformation initiatives. One of the major trends in the market is the adoption of software-defined networking (SDN) and network function virtualization (NFV) technologies. SDN allows for the centralized management of network resources and simplifies network configuration, while NFV enables the virtualization of network services, reducing the need for physical hardware. These technologies provide greater flexibility, scalability, and efficiency to enterprise networks, making them a popular choice for businesses of all sizes.

Another trend in the enterprise networking market is the growing popularity of cloud-based networking solutions. As more businesses move their operations to the cloud, they require network infrastructure that can support their cloud-based applications and workloads. Cloud-based networking solutions offer a range of benefits, including scalability, cost-effectiveness, and ease of management. Additionally, the rise of edge computing and the Internet of Things (IoT) is driving the demand for cloud-based networking solutions that can support distributed and decentralized networks. As a result, many enterprises are investing in cloud-based networking solutions to meet their evolving networking needs.

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North America is expected to have the largest market share during the forecast period, owing to early adoption of technology and presence of prominent players in the region. In addition, small enterprises in the region are adopting enterprise networking solutions to get better data insights, which boosts growth of the market.

The key players profiled in the market report include Arista Networks, Inc., Broadcom, Checkpoint Software Technologies Ltd., Cisco Systems, Inc., Dell Technologies, Extreme Networks, F5 Networks, Inc., FireEye, Inc., Fortinet, Inc., HPE, Huawei Technologies Co. Ltd., Juniper Networks, Inc., McAfee LLC, Netscout, Riverbed Technology, Inc., Symantec Corporation, Trend Micro Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
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