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Enterprise networking is a combination made up of routers, switches, and wireless access points which helps in data transfer between devices. Further, it helps in connecting devices within the organization. Due to organizations' digital transformation, there is a rapid rise in the demand for wireless LAN networks, routers, and switches. Most of the enterprises are switching to wireless network over LAN in order to work efficiently, and enable remote working.
COVID-19 outbreak has led organization to adopt working from home policies that generated a large amount of data and it was being uploaded to clouds. Work from home is likely to drive the demand for enterprise networking solutions to share files between systems, in addition, this is expected to drive the market surge the market growth.
Key Market Driver -
• Growing IT infrastructure is expected to boost the growth of network enterprise market • Rising bandwidth requirement and enterprise shifting towards wireless systems are also more likely to drive the growth of the market
Key Market Restraint -
• Rising security concern among different enterprises is likely to hinder market growth.
Major players operating in the global enterprise networking market are Cisco Systems, Huawei Technologies, Hewlett Packard Enterprises Developments, Dell Technologies, Nokia, Arista, Juniper, VMware, Extreme, NVIDIA, Aruba, DELL, Nutanix, and Huawei among others.
The players in the market are adopting various business strategies such as merger & acquisitions, partnership, product launch, geographical expansion among others. For instance, in August 2019 VMware a virtualization cloud computing software, headquartered at Palo Alto, California, United States acquired Carbon Black and Pivotal software. It allows VMware to help in becoming and hybrid – cloud management and platform-as-a-service offering company.
Geographically North America is anticipated to hold the highest market share due to availability of advanced ICT infrastructure. The vendors operating in the region are strengthening their product capabilities. The emerging technologies such cloud networking, DevOps, network analytics and virtualization are likely to encourage the adoption of enterprise networking products among the businesses across North America.
Rising adoption of cloud services are likely drive enterprise networking market in APAC. Further, local business expansion in enterprise networking products or solutions are expected surge demand in Asia Pacific. Therefore, APAC is anticipated to be fastest growing region in the enterprise networking market in near future
In Europe adoption of new technologies such as 802.11ac (Wi-Fi 5) wireless among various enterprises are anticipated drive growth of the enterprise networking market.
Latin America and Middle East & Africa are expected to see significant growth due to adoption of technologies such as cloud technology, networking technology and others, which is more likely to drive the growth of the market within these regions.
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