Enterprise Networking Market to be Worth $298.31 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, July 31, 2023 /PRNewswire/ -- The global enterprise networking market size is expected to reach USD 298.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2023 to 2030. As businesses undergo digital transformation, the demand for agile and flexible networking solutions has increased. Traditional networking models may need help to meet modern businesses' dynamic and evolving needs, which require fast and efficient communication between multiple devices, locations, and cloud services. In addition, the need for increased wireless capacity has become a critical issue for many enterprises, particularly with the rise of remote work and mobile devices. It has led to increased investment in upgrading wireless networks and improving connectivity, expected to drive enterprise networking demand over the forecast period.

Key Industry Insights & Findings from the report:

• The ethernet switch segment led the market in 2022, accounting for over 37% share of the global revenue. With the growth of cloud computing, big data, and the Internet of Things (IoT), there has been a significant increase in data traffic. Ethernet switches provide a cost-effective and efficient way to handle this traffic
• The outsourced segment held the largest revenue share of over 68% in 2022. Outsourcing network services provides businesses with access to specialized expertise and knowledge that may not be available in-house. This can help businesses improve network performance, security, and reliability
• The APAC region led the market in 2022, accounting for over 38% share of the global revenue. such as China and India, have experienced significant economic growth in recent years. This has led to increased demand for network infrastructure to support business growth and digital transformation
• Software-defined networking (SDN) has become increasingly popular in recent years. Ethernet switches play a critical role in SDN architectures by providing the necessary hardware to support virtualized network functions

Read full market research report, "Enterprise Networking Market Size, Share & Trends Analysis Report By Equipment (Ethernet Switch, Enterprise Routers, WLAN, Network Security), By Infrastructure Type (In-house, Outsourced), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Enterprise Networking Market Growth & Trends

Networking is a critical component of digital transformation. It allows organizations to connect people, devices, and systems in new and innovative ways, enabling them to deliver better digital experiences to customers, partners, and employees. Digital experience encompasses all people's interactions with digital technology, including websites, mobile apps, social media platforms, and other digital channels. To deliver a seamless and engaging digital experience, organizations need a reliable and high-performance network to support the increased demand for data, applications, and services. For instance, Huawei offers extensive WLAN products to provide high-speed, secure, and reliable wireless network connections. These products are compatible with 802.11a/b/g/n/ac/ax standards and excel in indoor and outdoor deployment scenarios. The organization was positioned as a Leader in the Enterprise Wired and Wireless LAN Infrastructure Gartner Magic Quadrant for 2022.

The COVID-19 pandemic has had a significant impact on the enterprise networking market. With the sudden shift to remote work, businesses faced the challenge of ensuring their networks could support numerous remote workers while maintaining security and performance. It led to a surge in demand for networking solutions supporting remote access and cloud-based applications. Further, cloud-based applications such as video conferencing and collaboration tools became essential for remote work, leading to increased adoption of cloud-based networking solutions...

Enterprise Networking Market Report Scope

Enterprise Networking Market Segmentation

Grand View Research has segmented the global enterprise networking market based on equipment, infrastructure type, and region

Enterprise Networking Market - Equipment Outlook (Revenue, USD Million, 2017 - 2030)

• Ethernet Switch
• Enterprise Routers
• WLAN
• Network security

Enterprise Networking Market - Infrastructure Type Outlook (Revenue, USD Million, 2017 - 2030)

• In-House
• Outsourced

Enterprise Networking Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Mexico
• Middle East and Africa (MEA)

List of Key Players of Enterprise Networking Market

• A10 Networks Alation Inc.
• ALE International
• Broadcom Inc.
• Cisco Systems, Inc.
• Dell Inc.
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• Juniper Networks
• Riverbed Technology, Inc.
• ZTE Corporation

Check out more related studies published by Grand View Research:

• Software Defined Networking Market - The global software defined networking market size is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software-defined networking (SDN) has witnessed a surge in its popularity in recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.
• Software-defined Wide Area Network Market - The global software-defined wide area network market size is expected to reach USD 30.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.9% from 2022 to 2030. The growth of the software-defined wide area network (SD-WAN) market can be attributed to factors such as enhanced network across multiple geographies, lesser costs, higher productivity, and better compatibility with software-as-a-service (SaaS) model subscriptions and cloud-based applications. Moreover, with the growing digitalization of businesses, the need for better connectivity is expected to increase, which bodes well for the market's growth.
• U.S. Private LTE & 5G Network Market - The U.S. private LTE & 5G network market size is expected to reach USD 13.6 billion by 2030, growing at a CAGR of 24.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. This report focuses on upcoming trends in various spectrums, numerous private 5G use cases, the LTE and 5G industry's overall regulatory scenario, and company profiles of key private LTE & 5G network providers. The growing adoption of a private network (both LTE & 5G) for the Internet of Things (IoT) applications & use cases, such as remote asset monitoring, machine control systems, and others, is one of the major factors responsible for the market growth across the U.S. The enterprises and manufacturing organizations are moving towards Industry 4.0 by automating and modernizing their industrial operations using intelligent technologies, such as machine vision and machine learning.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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