Enterprise Network Equipment Market
Enterprise Network Equipment Market Analysis By Equipment (Routers, Ethernet Switches, WLAN Controllers), By Vertical (BFSI, Healthcare & Lifesciences, Communication, Media & Services, Retail, Manufacturing, Energy & Utility) - Global Market Insights 2019 to 2027
Connected Devices and Cloud Based Technology is Giving Momentum to the Enterprise Network Equipment Market
The development of the digital economy relies 100% on accessing, processing, and storing information and is expected to drive the global enterprise network equipment market to a valuation of more than US$ 18 billion by 2027 end.
With the exponentially increasing acceptance of mobile devices such as smartphones, laptops, and tablets, businesses have started to integrate these devices into their organizational network which requires a physical, virtual and logical design of a closed network that enterprise network equipment provides.
Rapidly increasing demand for connected devices around the globe is one of the key variables driving the enterprise network equipment industry, given that these devices help promote real-time communication.
In an attempt to address and solve increasing bottleneck bandwidth & network traffic problems, organizations around the world are adopting enterprise network equipment management approaches that keep traffic flowing while maintaining network safety.
The exponential increase in the amount of IoT-enabled devices has dramatically increased safety hazards due to which organizations are deploying enterprise network equipment solutions to make endpoints and unsecured applications and devices visible.
APAC is anticipated to have the highest development rate of over 6% during the forecast period. The size of the enterprise network equipment market is motivated by a massive implementation of cloud-based infrastructure as businesses move their workloads to the public cloud.
This has resulted in a rise in demand for virtualization technology, which adds agility to the computing setting and efficiently addresses the needs of efficient enterprise network equipment.
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Demand for Continuous Monitoring Generating Interesting Growth Prospects
The need for network performance surveillance facilities is the number one growth factor facilitating the development of the global enterprise network equipment market.
Network architecture is becoming increasingly complex and application delivery is becoming more time-sensitive.
This calls for extremely reliable, scalable network surveillance facilities such as enterprise network equipment. The need for solid enterprise network equipment monitoring capacities to guarantee the smooth operation of mission-critical network infrastructure and the need to resolve downtime problems rapidly drives the development of the market for network monitoring equipment.
Network surveillance helps to minimize downtime of the company and thus decreases expenses. It is also crucial to boost the general productivity of the network.
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Enterprise Network Equipment Market is giving a Prolific Boost to Digitization
Customer engagement, inner cooperation, and the emergence of digital products and network services all depend on a high-quality network infrastructure which presently is only achievable through the implementation of enterprise network equipment. Network information and business intelligence are known to transform the network into a monetization asset.
As a consequence, the company network no longer operates as a commodity but becomes the main feature of achievement in the area of the client. Enterprise network equipment is soon becoming the competitive advantage of the linked company against its colleagues.
Retail companies, for example, progressively seek to give their clients differentiated in-store experiences that depend on quick and reliable enterprise networks to deliver on the promise of an experience.
These useful scenarios, which connect to company results, help to emphasize the importance of the enterprise network equipment to the company.
Leading Companies Embrace Networking to Transform their Businesses
The use of a carrier to provide connectivity is no longer good enough for large social media powerhouses such as Facebook, Dropbox, Flickr and Pinterest who are shifting towards deploying an efficient enterprise network equipment system.
The business models of these companies are linked to the comprehensive surveillance and monitoring of client movements and operations that require secure network connectivity across the entire planet. For this type of scenario, the correct implementation of enterprise network equipment becomes paramount.
Over the last decade, there has been a huge increase in the utilization of enterprise network equipment due to the emergence of cloud-based services such as Dropbox, Netflix, and worldwide consumer platforms like Facebook, Amazon, and Google.
This has led to a fast increase in the utilization of enterprise network equipment which is often owned and operated by these service suppliers, each comprising thousands of computer servers, storage arrays, and information switches. The fast pace of technological growth also implies that the cycles of equipment replacement in such enterprise network equipment installations are as brief as three years.
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Consolidation Is a Driving Force among Enterprise Network Equipment Vendors
The market for enterprise network equipment is largely consolidated with the top tier competitors taking up most part of the market share and several other medium and small scale competitors are looking forward to developing key technologies to directly impact the networking giants.
Enterprise network equipment is always impacted by mergers and acquisitions of vendors, and clients are often uncertain as to what will occur to promote the products they have invested in.
In order to cope with change, many consider it useful to remain in close contact with their enterprise network equipment suppliers, to find networking employees with skills in particular products and to focus on what is the best possible route for any necessary upgrades to the machinery.
Global Enterprise Network Equipment Market: In-Depth Assessment on Key Segments
The global enterprise network equipment market is segmented on the basis of equipment, vertical and region.
Country-specific assessment on demand for enterprise network equipment has been provided for each regional market, along with the market size valuation and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous enterprise network equipment experts.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have also been answered in the report.
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