The Enterprise Network Equipment Market is estimated to reach USD 16,594 million by 2027, growing at a CAGR of 7.2% over the forecast period (2020-2027).
The factors driving the growth of Enterprise Network Equipment Market includes rising incidences of data breach, increase in the number of connected devices around the world, growing internet penetration rates and emerging trend of Bring Your Own Device (BYOD). According to the report published by Statista, the average cost of data breach worldwide in the Healthcare sector was estimated around USD 10 million between March 2021 and March 2022, which will accelerate the Enterprise Network Equipment Market size in the approaching years. Moreover, growing demand for wireless hotspots and Wi-Fi solutions, improvements in the IT infrastructure and increasing adoption of advanced technologies such as cloud networking, SaaS-based application, and network analytics, are some of the additional factors supplementing the Enterprise Network Equipment Market Growth. In addition, the increasing investments by major corporations on research and development, rapid urbanization, rise in the tech savvy population and improvements in the living standards, are further contributing towards the market growth.
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However, growth of the Enterprise Network Equipment Market is hindered attributed to growing concerns related to data privacy.
The major players operating in the Enterprise Network Equipment Market includes Huawei Technologies Co., Ltd., Dell Inc., Extreme Networks, Cisco Systems, Aruba (Hewlett Packard Enterprise Development LP), Juniper Networks, Inc., Arista Networks, Inc., NETSCOUT, Fortinet, Inc. and VMware, Inc., among others.
Based on Product Type, the Router segment is predicted to capture the largest market share during the forecast period
Rising demand for high-speed internet connectivity, expansion of cloud networking and increasing popularity of virtualized technologies, are some of the factors responsible for the growth of the segment.
Based on Organization Size, the Small and Medium Enterprises segment is projected to expand at a remarkable CAGR over the forecast period
Networking equipment helps SMEs to combine and switch packets of information and connects devices for sharing data, are propelling the segment’s growth.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
As per the Enterprise Network Equipment Market Report, presence of the leading players such as Juniper Networks, Inc, Cisco Systems and Fortinet, rising internet penetration rates, high per capita income and increasing population growth rates, are some of the important factors augmenting the market growth in North American region.
Key Developments
- In 2020, Cisco Systems and NEC partnered to offer network equipment with improved supply chain management. This advancement in NEC’s effort to improve verification, monitoring, and management of authenticity by using network system supply chain, helped the company to strengthen its position in the market.
- In 2019, Juniper Networks launched a cloud-delivered version of its SD-WAN solution. The Juniper’s Contrail Service orchestration provides organizations, a simple way to manage and secure the WAN infrastructure and branch LAN and Wi-Fi networks.
Market Segmentation
Segmentation by Product Type
- Router
- LAN Switches
- WLAN
- Datacentre Networking Equipment
- Firewall Equipment
Segmentation by Organization Size
- Small and Medium Enterprises
- Large Enterprises
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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