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©2018 Graphical Research. All rights reserved. www.graphicalresearch.com North America Enterprise Networking Market to trace exponential gain of $30bn over 2019-2024: Graphical Research
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©2018 Graphical Research. All rights reserved. www.graphicalresearch.com The enterprise networking market growth is fueled by the increasing number of connected devices generating the need for secure & real-time communication between devices. The growing network traffic and bandwidth bottleneck issues are enabling enterprises to adopt advanced network management solutions to manage traffic while ensuring network security. Enterprises across the region are adapting to new changes in the ecosystem by leveraging digital technology to develop customer-centric business models. The adoption of these digital technologies enables companies to create new customers, improve efficiency, and generate revenue streams. According to the Graphical Research new growth forecast report titled North America Enterprise Networking Market By Component (Product [Switches, Network Security{Firewall, Intrusion Prevention, Anti-virus/Anti-malware, Secure Web Gateway (SWG), Mobile Device Security}, Wireless, Routers, Network Management], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (BFSI, Healthcare, IT & Telecom, Manufacturing, Retail, Government & Public Sector, Energy & Utility), By Deployment Model (On-Premise, Cloud), Industry Analysis Report, Regional Outlook (U.S., Canada)”, estimated to exceed USD 30 billion by 2024. Request for a sample of this report @ https://www.graphicalresearch.com/request/1237/samplehttps://www.graphicalresearch.com/request/1237/sample The switches segment held a market share of over 25% in 2017 due to the changing enterprise network demands in line with the adoption of network virtualization solutions. The demand for high transmission data rates enables enterprises to use high-speed ethernet switches. The commercialization of 5G technology will further enable companies to manufacture high-speed switches.
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©2018 Graphical Research. All rights reserved. www.graphicalresearch.com The IT & telecom segment is expected to hold a market share of over 20% by 2024 due to the rapidly changing network environment. The growing network challenges, such as huge growth in data traffic and bandwidth shortage issues, are enabling communication service providers to deploy cloud-enabled network virtualization solutions. The growing mobility trends are increasing the number of connected IoT devices and enterprises are using robust enterprise networking solutions to manage these devices. Canada is expected to have the highest growth rate of 6% over the forecast period due to the adoption of cloud services across the enterprises. The Canadian government authorities are using cloud-computing technology to respond to the increasing demand for IT services. For instance, in August 2016, the Canadian government pursued the right cloud strategy across the public sector that helped Chief Information Officers to procure cloud services more easily. The adoption of virtualization technologies by SMEs is further contributing significantly to market growth. The companies operating in the North American enterprise networking market are strategically acquiring other network solution providers to enhance their cloud security portfolio. For instance, in January 2018, McAfee acquired Skyhigh Networks to bolster its existing cloud security portfolio. This acquisition helped the company to integrate Skyhigh Security Cloud, McAfee Cloud Workload Security, and McAfee Virtual Network Security Platform, thus allowing enterprises to confidently move toward the cloud and accelerate their businesses.
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©2018 Graphical Research. All rights reserved. www.graphicalresearch.com The major players operating in the North American enterprise networking market are Checkpoint, Cisco, Dell Technologies, F5 Networks, Broadcom, FireEye, Arista, HPE, Riverbed, Juniper, Extreme Networks, McAfee, Netscout, Symantec, Huawei, Trend Micro, Palo Alto, Fortinet, and VMWare. Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry- insights/1237/north-america-enterprise-networking-markethttps://www.graphicalresearch.com/industry- insights/1237/north-america-enterprise-networking-market North America Enterprise Networking Market : Segmentation North America Enterprise Networking Market Share, By Component By Product Switches Network Security Firewall Intrusion Prevention Anti-virus/Anti-malware Secure Web Gateway (SWG) Mobile Device Security
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©2018 Graphical Research. All rights reserved. www.graphicalresearch.com Wireless Routers Network Management By Service Training & Consulting Integration & Maintenance Managed Service North America Enterprise Networking Market Size, By Deployment Model On-premise Cloud North America Enterprise Networking Market Value, By Application BFSI Healthcare IT & Telecom Manufacturing Retail Government & Public Sector Energy & Utility
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©2018 Graphical Research. All rights reserved. www.graphicalresearch.com About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email: sales@graphicalresearch.com Web: https://www.graphicalresearch.comsales@graphicalresearch.comhttps://www.graphicalresearch.com
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