Enterprise Networking Market Poised for 9.1 % Growth, Set to Hit $23.12 Billion by 2029

How Is the Enterprise Networking Market Projected to Grow, and What Is Its Market Size?
The enterprise networking market has experienced robust growth recently. It is set to increase from $79.64 billion in 2024 to $87.1 billion in 2025, growing at a CAGR of 9.4%. The historic growth has been attributed to the rise in network automation, the integration of artificial intelligence (AI), a greater emphasis on network cost optimization, the growing adoption of the Internet of Things (IoT), and the increasing shift toward multi-cloud environments.

The enterprise networking market is projected to reach $123.33 billion by 2029, at a CAGR of 9.1%. Growth drivers include increasing cloud adoption, cybersecurity threats, network analytics usage, growing software-defined networking (SDN), and virtualization in networking. Key trends involve the rise of 5G and Wi-Fi 6 technology, SD-WAN technology integration, continued reliance on network automation, and advancements in networking technologies.

What Are the Key Drivers Behind the Growth of the Enterprise Networking Market?
The growing cybersecurity threats are expected to drive the growth of the enterprise networking market. Cybersecurity threats involve malicious activities intended to steal data, damage systems, or disrupt computing environments. These threats have risen due to expanding attack surfaces, changing tactics by malicious actors, the increasing number of connected devices, and the growing reliance on digital infrastructure across industries. Enterprise networks help reduce cybersecurity risks by offering firewalls, secure access, network segmentation, regular updates, encryption, security monitoring, employee training, and endpoint protection. For example, the Identity Theft Resource Center (ITRC), a US-based nonprofit, reported a 78% increase in data breaches from 1,801 incidents in 2022 to 3,205 in 2023. Therefore, the growing cybersecurity threats are driving the enterprise networking market.

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Who Are the Major Industry Players Fueling Enterprise Networking Market Expansion?
Major companies operating in the enterprise networking market are 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.

Which Key Developments Are Influencing the Enterprise Networking Market?
Prominent companies in the enterprise networking market are working on cutting-edge technologies such as Net5.5G intelligent cloud-network solutions to establish a corporate network linking employees, resources, and applications. These solutions combine cloud computing with networking infrastructure to offer scalable, flexible, and efficient networking services. In February 2024, Huawei Technologies Co. Ltd., a China-based tech firm, unveiled four Net5.5G intelligent cloud-network solutions designed to accelerate digital transformation and enhance productivity. These include Net5.5G High-Quality 10 Gbps CloudCampus, Net5.5G Converged WAN, Net5.5G Ultra-Resilient Multi-DC Network, and Net5.5G HiSec SASE, aiming to improve network quality, digital services, encryption security, fault tolerance, and security protection for enterprise branches.

How Is the Segmentation of the Enterprise Networking Market Defined?
The enterprise networking market covered in this report is segmented -

1) By Component: Product, Services
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End User: Aerospace And Defense, Education, Media And Communication, Healthcare, Banking, Financial Services, And Insurance (BFSI), Transportation And Logistics, Other End Users

Subsegments:
1) By Product: Routers, Switches, Network Interface Cards (Nics), Wireless Access Points, Firewalls, Load Balancers, Network Security Appliances, Modems, Gateway Devices, Network Monitoring And Management Tools, Network Cables And Connectors, Virtual Private Network (Vpn) Appliances
2) By Services: Network Consulting Services, Network Design And Architecture Services, Network Integration Services, Managed Network Services, Network Security Services, Network Maintenance And Support Services, Cloud Networking Services, Network Optimization And Performance Management, Installation And Configuration Services, Network Monitoring And Monitoring As A Service (Naas), Disaster Recovery And Business Continuity Services, Training And Technical Support Services

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What Is the Leading Region in the Enterprise Networking Market?
Asia-Pacific was the largest region in the enterprise networking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Enterprise Networking Global Market Report?

- Market Size Analysis: Analyze the Enterprise Networking Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Enterprise Networking Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Enterprise Networking Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Enterprise Networking Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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