European Enterprise Network Equipment Forecast, 2024-2028

This IDC Market Forecast discusses the European enterprise networking equipment market, which is forecast to decline in 2024, after the strong growth of 2022 and early 2023."After an initial post-pandemic boom, supply chains have normalized, and backlogs have largely been delivered. This has led to a significant drop in most segments during the latter half of 2023, and IDC predicts there will be a significant drop for most market segments in 2024 followed by a resumption of normal growth rates throughout the forecast period. The standout segment is European enterprise WLAN equipment, which bottomed in 2023 and is forecast to rebound as early as 2024," said Len Padilla, senior research director, European Networking and Life-Cycle Services.