Europe Cloud Managed Networking Market to Reach USD 2,929.6 Million by 2027; Advancements in Wi-Fi 6 by Renowned Players to Spur Growth

The Europe cloud managed networking market size is projected to reach USD 2,929.6 million by 2027. The increasing development of advanced Wi-Fi 6 by prominent companies is set to affect growth positively. Fortune Business Insights™ published this information in a new study, titled, “Europe Cloud Managed Networking Market Size, Share & COVID-19 Impact Analysis, By Type (Hardware, Software and Cloud Services), By Deployment (Public Cloud and Private Cloud), By Enterprise Size (Small & Medium Enterprises (SMEs) and Large Enterprises), By Industry (Telecom & IT, Retail, Media & Entertainment, Educational Institutions and Others) and Country Forecast, 2020-2027.” The study further mentions that the market stood at USD 839.5 million in 2019. But, it is set to exhibit a CAGR of 18.0% during the forecast period between 2020 to 2027.

AT&T Introduces AT&T SD-WAN Solutions Based on Cisco Secure SD-WAN Technology

In July 2020, AT&T, a multinational conglomerate holding company headquartered in the U.S. broadened its AT&T SD-WAN solutions by unveiling a new offering based on the Cisco Secure SD-WAN technology. It will provide threat protection with the help of its natively integrated security capabilities. It is powered by Cisco’s Enterprise Network Compute System (ENCS), ASR, and ISR routers.

As per a company official, “Digital transformation and successful network require enhanced security management. The new solutions would enable businesses to scale and extend without concerning about security. At the same time, it can simplify the migration process.”

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/europe-cloud-managed-networking-market-104393

High Demand for Software Defined Network to Augment Growth

Nowadays, numerous communication service providers (CSPs) are investing huge amounts in software defined network (SDN) solutions to implement service management solutions and end-to-end networks. SND solutions are capable of solving several complications, such as managing the complexity of data traffic.

Cisco System, Inc., for instance, stated that approximately 58% of major firms across the globe have implemented SD-WAN in their commercial IT units. These factors are anticipated to bolster the Europe cloud managed networking market growth in the coming years. However, low internet penetration and less adoption of cloud may hamper the demand for cloud managed networking solutions.

Key Players Focus on Integrating Novel Technologies with Their Products to Compete  

The market for cloud managed networking in Europe houses a large number of companies, such as Aruba (Hewlett Packard Enterprise), Meraki (Cisco System, Inc.), and Extreme Networks, Inc. Most of them are integrating their cloud managed networking solutions with advanced analytics and machine learning. Some of the others are improving their portfolios by introducing new features.

Fortune Business Insights™ lists out the names of all the leading cloud managed networking operating in Europe. They are as follows:

• Aruba (Hewlett Packard Enterprise Company) (California, United States)
• NETGEAR, Inc. (California, United States)
• Cisco System, Inc. (California, United States)
• Prodec Networks (Twyford, Berkshire)
• APSU, Inc. (Chattanooga, Tennessee)
• Fortinet, Inc. (California, United States)
• Mindsight (Illinois, United States)
• Total Communications, Inc. (Connecticut, United States)
• Huawei Technologies Co., Ltd. (Shenzhen, China)
• DynTek, Inc. (California, United States)
• Extreme Networks, Inc. (California, United States)
• CommScope, Inc. (North Carolina, United States)

A Significant Industry Development-

• December 2019: Juniper Networks, a multinational corporation headquartered in California broadened its existing offerings with new equipment and LAN support. Its new solutions would help software-defined networking (SDN) services and products. The company is also planning to launch a Wi-Fi card for its line of secure SD-WAN edge devices and SRX next-generation firewalls.

Further Report Findings-

• In 2019, Germany earned USD 148.3 million in terms of revenue because of the rising focus of key companies on developing advanced hardware and services to cater to the demand for customized cloud services in the country.
• Italy and Spain are likely to show high growth stoked by the development of numerous smart city projects. Also, current innovations in connecting technologies such as Wi-Fi and the internet of things (IoT) would bolster growth.
• Based on type, the software segment procured 32.3% in terms of the Europe cloud managed networking market share in 2019. This growth is attributable to the increasing demand for software-defined networking (SDN) solutions from SMEs and startups. The segment held a share of 32.6% in Germany in 2019.

The market for cloud managed networking in Europe can be segmented in the following way: