Enterprise Networking Global Market Report 2024

Description

Enterprise networking refers to a sophisticated system of interconnected computing devices tailored to meet the evolving requirements of an organization. It enables scalability and flexibility in integrating new devices, users, and services as needed. This network infrastructure plays a pivotal role in facilitating day-to-day operations, fostering collaboration, and driving innovation within contemporary organizations. By effectively harnessing technology, enterprise networking empowers businesses to fulfill their objectives efficiently.

The primary components of enterprise networking consist of products and services. Enterprise networking products encompass hardware and software solutions specifically engineered to facilitate and oversee communication networks within expansive organizations. These products are implemented across both cloud-based and on-premises environments, catering to the needs of various enterprises ranging from large corporations to small and medium-sized enterprises (SMEs) across sectors such as aerospace and defense, education, media and communication, healthcare, banking, financial services, and insurance (BFSI), transportation and logistics, and other end users.

The enterprise networking market research report is one of a series of new reports from The Business Research Company that provides enterprise networking market statistics, including enterprise networking industry global market size, regional shares, competitors with an enterprise networking market share, detailed enterprise networking market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise networking industry. This enterprise networking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The enterprise networking market size has grown strongly in recent years. It will grow from $73.21 billion in 2023 to $79.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historical period can be attributed to several factors, including the rise in network automation, integration of artificial intelligence (AI), increasing focus on network cost optimization, growing integration of the Internet of Things (IoT), and the rising adoption of multi-cloud environments.

The enterprise networking market size is expected to see strong growth in the next few years. It will grow to $113.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The projected growth in the forecast period can be attributed to several factors, including the expanding adoption of cloud technologies, rising cybersecurity threats, increased utilization of network analytics, the growth of software-defined networking (SDN), and the increasing virtualization in networking infrastructure. Major trends expected in this period encompass the emergence of 5G and Wi-Fi 6 technologies, the integration of security features with SD-WAN technology, the sustained reliance on network automation, the implementation of Wi-Fi 6 (802.11ax), and ongoing advancements in technology.

The escalating threat landscape in cybersecurity is anticipated to drive growth in the enterprise networking market. Cybersecurity threats, characterized by malicious activities aimed at data theft, system damage, or disruption, are on the rise due to factors such as the expansion of attack surfaces, evolving tactics by malicious actors, the proliferation of connected devices, and increased reliance on digital infrastructure across various sectors. Enterprise networks play a crucial role in mitigating cybersecurity threats by implementing measures such as firewalls, secure access controls, network segmentation, regular updates, encryption, security monitoring, employee training, and endpoint security. Notably, data breaches witnessed a staggering 78% increase between 2022 and 2023, according to the Identity Theft Resource Center (ITRC), underscoring the pressing need for robust enterprise networking solutions to address cybersecurity challenges.

Key players in the enterprise networking market are focusing on developing innovative technologies, such as Net5.5G intelligent cloud-network solutions, to meet the demands of modern corporate networking requirements. Net5.5G intelligent cloud-network solutions leverage cloud computing technology integrated with networking infrastructure to deliver scalable, flexible, and efficient networking services. For instance, Huawei Technologies Co. Ltd., a China-based manufacturing company, unveiled four Net5.5G intelligent cloud-network solutions in February 2024 to accelerate intelligent transformation and enhance digital productivity. These solutions encompass Net5.5G High-Quality 10 Gbps CloudCampus, Net5.5G Converged WAN, Net5.5G Ultra-Resilient Multi-DC Network, and Net5.5G HiSec SASE, each aiming to elevate network quality, improve digital services, ensure secure encryption, provide fault-tolerant services, and offer integrated security protection for enterprise branches. Huawei's HiSec SASE Solution boasts a secure and efficient network architecture, featuring rapid threat handling, industry-leading detection performance, and precise ransomware prevention.

In July 2023, Cox Communications Inc., a US-based cable television company specializing in commercial fiber-optic communication services, completed the acquisition of Unite Private Networks (UPN) for an undisclosed sum. This strategic move positions Cox to enhance its market presence by offering faster speeds, increased reliability, and expanded service options through fiber infrastructure, benefiting businesses and communities across the network. Unite Private Networks (UPN), a US-based enterprise, provides high-bandwidth, fiber-based communications networks and related services to enterprise customers, aligning with Cox's objectives to bolster its capabilities in delivering advanced networking solutions.

Major companies operating in the enterprise networking market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company (HPE), Nokia Corporation, CommScope Inc., Palo Alto Networks Inc., Juniper Networks Inc., Arista Networks Inc., Fortinet Inc., Citrix Systems Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Ubiquiti Inc., Riverbed HOLDINGS INC., Extreme Networks Inc., Zyxel Communications Corporation, ADTRAN Inc., NETGEAR Inc., D-Link Corporation, SonicWall Inc., Barracuda Networks Inc., Allied Telesis Inc.

Asia-Pacific was the largest region in the enterprise networking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the enterprise networking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The enterprise networking market consists of revenues earned by entities by providing services such as network infrastructure, network security, wireless networking, network monitoring and management, consulting, and professional services. The market value includes the value of related goods sold by the service provider or included within the service offering. The enterprise networking market also includes sales of load balancers, network interface cards (NICs), network-attached storage (NAS) devices, and unified communications (UC) systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Component: Product; Services
2) By Deployment Mode: Cloud-Based; On-Premises
3) By Organization Size: Large Enterprises; Small And Medium-Sized Enterprises (SMEs)
4) By End User: Aerospace And Defense; Education; Media And Communication; Healthcare; Banking, Financial Services, And Insurance (BFSI); Transportation And Logistics
Covering: Dell Technologies Inc.; Huawei Technologies Co. Ltd; Lenovo Group Limited; Cisco Systems Inc.; Broadcom Inc.

Product Code: r17348

1. Executive Summary

2. Enterprise Networking Market Characteristics

3. Enterprise Networking Market Trends And Strategies

4. Enterprise Networking Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Enterprise Networking Market Size and Growth

5.1. Global Enterprise Networking Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Enterprise Networking Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Enterprise Networking Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Enterprise Networking Market Segmentation

6.1. Global Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Product
Services
6.2. Global Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud-Based
On-Premises
6.3. Global Enterprise Networking Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Enterprises
Small And Medium-Sized Enterprises (SMEs)
6.4. Global Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Aerospace And Defense
Education
Media And Communication
Healthcare
Banking, Financial Services, And Insurance (BFSI)
Transportation And Logistics
Other End Users

7. Enterprise Networking Market Regional And Country Analysis

7.1. Global Enterprise Networking Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Enterprise Networking Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Enterprise Networking Market

8.1. Asia-Pacific Enterprise Networking Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Enterprise Networking Market

9.1. China Enterprise Networking Market Overview
9.2. China Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Enterprise Networking Market

10.1. India Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Enterprise Networking Market

11.1. Japan Enterprise Networking Market Overview
11.2. Japan Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Enterprise Networking Market

12.1. Australia Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Enterprise Networking Market

13.1. Indonesia Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Enterprise Networking Market

14.1. South Korea Enterprise Networking Market Overview
14.2. South Korea Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Enterprise Networking Market

15.1. Western Europe Enterprise Networking Market Overview
15.2. Western Europe Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Enterprise Networking Market

16.1. UK Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Enterprise Networking Market

17.1. Germany Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Enterprise Networking Market

18.1. France Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Enterprise Networking Market

19.1. Italy Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Enterprise Networking Market

20.1. Spain Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Enterprise Networking Market

21.1. Eastern Europe Enterprise Networking Market Overview
21.2. Eastern Europe Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Enterprise Networking Market

22.1. Russia Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Enterprise Networking Market

23.1. North America Enterprise Networking Market Overview
23.2. North America Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Enterprise Networking Market

24.1. USA Enterprise Networking Market Overview
24.2. USA Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Enterprise Networking Market

25.1. Canada Enterprise Networking Market Overview
25.2. Canada Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Enterprise Networking Market

26.1. South America Enterprise Networking Market Overview
26.2. South America Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Enterprise Networking Market

27.1. Brazil Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Enterprise Networking Market

28.1. Middle East Enterprise Networking Market Overview
28.2. Middle East Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Enterprise Networking Market

29.1. Africa Enterprise Networking Market Overview
29.2. Africa Enterprise Networking Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Enterprise Networking Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Enterprise Networking Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Enterprise Networking Market Competitive Landscape And Company Profiles

30.1. Enterprise Networking Market Competitive Landscape
30.2. Enterprise Networking Market Company Profiles
- 30.2.1. Dell Technologies Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Huawei Technologies Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Lenovo Group Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Cisco Systems Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Broadcom Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Enterprise Networking Market Other Major And Innovative Companies

31.1. Hewlett Packard Enterprise Company (HPE)
31.2. Nokia Corporation
31.3. CommScope Inc.
31.4. Palo Alto Networks Inc.
31.5. Juniper Networks Inc.
31.6. Arista Networks Inc.
31.7. Fortinet Inc.
31.8. Citrix Systems Inc.
31.9. F5 Networks Inc.
31.10. Check Point Software Technologies Ltd.
31.11. Ubiquiti Inc.
31.12. Riverbed HOLDINGS INC.
31.13. Extreme Networks Inc.
31.14. Zyxel Communications Corporation
31.15. ADTRAN Inc.

32. Global Enterprise Networking Market Competitive Benchmarking

33. Global Enterprise Networking Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Enterprise Networking Market

35. Enterprise Networking Market Future Outlook and Potential Analysis

35.1 Enterprise Networking Market In 2028 - Countries Offering Most New Opportunities
35.2 Enterprise Networking Market In 2028 - Segments Offering Most New Opportunities
35.3 Enterprise Networking Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer