Enterprise Networking Market Trends, Market Share, Size, Growth Status And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Enterprise Networking Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The enterprise networking market size has grown strongly in recent years. It will grow from $73.21 billion in 2023 to $79.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to raise in network automation, raise in artificial intelligence (AI) integration, increasing focus on network cost optimization, increasing internet of things (IoT) integration, increasing multi-cloud adoption.

The enterprise networking market size is expected to see strong growth in the next few years. It will grow to $113.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing cloud adoption, increasing cybersecurity threats, increasing network analytics usage, growing software-defined networking (SDN), growing virtualization in networking. Major trends in the forecast period include the emergence of 5g and WIFI 6 technology, integration of security features with SD-wan technology, continued reliance on network automation, implementation of wi-fi 6 (802.11ax), technology advancements.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/enterprise-networking-global-market-report

Market Drivers and Trends:

The increasing cybersecurity threats are expected to propel the growth of the enterprise networking market going forward. Cybersecurity threats refer to malicious activities performed with the harmful intent to steal data, damage, or disrupt computing systems. Cybersecurity threats are increasing due to expanding attack surfaces, evolving tactics by malicious actors, the proliferation of connected devices, and the growing dependency on digital infrastructure across various sectors. Enterprise networks reduce cybersecurity threats by providing firewalls, secure access controls, network segmentation, regular updates, encryption, security monitoring, employee training, and endpoint security. For instance, according to the Identity Theft Resource Center (ITRC), a US-based non-profit organization, the number of data breaches surged by 78% between 2022 and 2023, rising from 1,801 to 3,205 incidents. Therefore, increasing cybersecurity threats are driving the growth of the enterprise networking market.

Major companies operating in the enterprise networking market are developing innovative technologies, such as Net5.5G intelligent cloud-network solutions, to establish a corporate network connecting an organization's employees, resources, and applications. Net5.5G intelligent cloud-network solutions integrate cloud computing technology with networking infrastructure to deliver scalable, flexible, and efficient networking services. For instance, in February 2024, Huawei Technologies Co. Ltd., a China-based manufacturing company that offers a range of innovative solutions in the realm of cloud networking, launched four Net5.5G intelligent cloud-network solutions to accelerate intelligent transformation and maximize digital productivity. These solutions include Net5.5G High-Quality 10 Gbps CloudCampus, Net5.5G Converged WAN, Net5.5G Ultra-Resilient Multi-DC Network, and Net5.5G HiSec SASE. These solutions aim to enhance network quality, improve digital services, ensure secure encryption, provide fault-tolerant services and offer integrated security protection for enterprise branches. Huawei's HiSec SASE Solution uses a safe and efficient network architecture. It differentiates itself with three features, including quick threat handling in seconds, industry-leading detection performance, and precise ransomware prevention.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14706&type=smp

Major Key Players of the Market:

Dell Technologies Inc, Huawei Technologies Co. Ltd, Lenovo Group Limited, Cisco Systems Inc, Broadcom Inc, Hewlett Packard Enterprise Company (HPE), Nokia Corporation, CommScope Inc, Palo Alto Networks Inc, Juniper Networks Inc, Arista Networks Inc, Fortinet Inc, Citrix Systems Inc, F5 Networks Inc, Check Point Software Technologies Ltd, Ubiquiti Inc, Riverbed HOLDINGS INC, Extreme Networks Inc, Zyxel Communications Corporation, ADTRAN Inc, NETGEAR Inc, D-Link Corporation, SonicWall Inc, Barracuda Networks Inc, Allied Telesis Inc.

Enterprise Networking Market 2024 Key Insights:

• The enterprise networking market size is expected to see strong growth in the next few years. It will grow to $113.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
• Rising Cybersecurity Threats Fuel Growth In The Enterprise Networking Market
• Huawei's Net5.5G Intelligent Cloud-Network Solutions Lead Enterprise Networking Advancements
• Asia-Pacific was the largest region in the enterprise networking market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14706&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.