Presentation is loading. Please wait.

Presentation is loading. Please wait.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Enterprise Networking Market Size to Exceed $90 bn by 2025 Growing at CAGR.

Similar presentations


Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Enterprise Networking Market Size to Exceed $90 bn by 2025 Growing at CAGR."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Enterprise Networking Market Size to Exceed $90 bn by 2025 Growing at CAGR of 6%

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The enterprise networking market growth is driven by the surge in connected devices that will generate a need for secure & real-time communication between devices. To overcome the growing network traffic and bandwidth bottleneck issues, the enterprises are embracing network management solutions to manage traffic while ensuring network security. The massive rise in IoT devices has increased the security risks associated with unsecured devices. Thus, to secure the networks, they are deploying enterprise network security solutions to gain visibility of endpoints and unsecured devices & applications.  Other factors driving the enterprise networking market demand are shifting consumer preferences toward converged network architecture and the implementation of network virtualization technology to consolidate the network functions, enabling businesses to improve network efficiency and reduce operational costs. The increase in the mobility of enterprise users creates networking & management complexities, resulting in the demand for convergence. The converged enterprise network management systems play an important role in allowing enterprises to diagnose network issues. These systems provide an end-to-end visibility and enable network operators to view the converged network architecture. Key Insights from Enterprise Networking Market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Continued… The cloud-based deployment model in the enterprise networking market is projected to grow with a CAGR of over 9% from 2018 to 2024. The cloud-based model provide a comprehensive set of service and frameworks that enable enterprises to quickly adapt to new business needs and reduce costs. These models offer a new way to operate and manage distributed enterprise networks and provide network capabilities via a cloud infrastructure that requires less or no additional investment in physical IT resources. Managed service in the enterprise networking market is expected to hold a market share of over 35% by 2024. As the network infrastructure is rapidly evolving with the introduction of new applications, devices, and technologies, enterprises are turning to managed network services, seeking the help of external experts to design and maintain the network, once it is deployed. The reliance on third-parties enables them to become more agile and free up internal resources to work on innovation and development. The IT & telecom sector in the enterprise networking market held a major share of around 30% in 2017. Securing network infrastructure is a major concern for the IT & telecom industry as the companies rely heavily on the robustness of their IT infrastructure to ensure smooth and secure operation of almost all their business processes. Any disruption in their network operations may result in a substantial loss of mission-critical data of companies as well as their clients.

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Enterprise Networking Market @ https://www.gminsights.com/industry-analysis/enterprise-network-equipment- market https://www.gminsights.com/industry-analysis/enterprise-network-equipment- market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2978

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Asia Pacific Enterprise Networking Market Size, By Service, 2017 & 2024 (USD Million)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Arista Networks Broadcom Inc. Check Point Software Technologies, Ltd. Cisco Dell Technologies Extreme Networks F5 Networks FireEye, Inc. Fortinet Hewlett Packard Enterprise Huawei Technologies Juniper Networks McAfee NETSCOUT Palo Alto Networks Riverbed Technology Symantec Trend Micro Major Companies in Enterprise Networking Market:

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage

8 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Asia Pacific is expected to show the fastest growth rate of over 8% during the forecast timeline. The enterprise networking market size is driven by a huge adoption of cloud-based infrastructure as the companies are moving their workloads to the public cloud. According to the Cloud Security Alliance (CSA) in Asia Pacific, Japan, Singapore, South Korea, and China have witnessed the highest adoption of cloud platforms in 2017. The emergence of cloud computing environment has enabled disparate network architectures that add on to the operational burden.  North America held a major share of around 40% in the enterprise networking market in 2017 and is expected to dominate the market throughout the forecast period. The market growth is attributed to the increasing cases of cyber-thefts in defense & banking institutions. The growing complexity and diversity of cyber-attacks have driven the need among organizations to implement network traffic monitoring & security solutions to reduce the likelihood of large-scale data thefts. The growing popularity of BYOD and IoT trends has also resulted in the growth of cyber-crimes, forcing organizations to use network security solutions. An upsurge in connected devices in the region has made enterprise networks more complex. Regional Insights in Enterprise Networking Market:

9 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.comwww.gminsights.com Social Media:


Download ppt "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Enterprise Networking Market Size to Exceed $90 bn by 2025 Growing at CAGR."

Similar presentations


Ads by Google