The global enterprise network communications equipment market is expected to grow at a CAGR during the forecast period. An enterprise network is a communication backbone for a company that connects computers and related devices across departments and workplace networks, allowing for better insight and data access. It lowers communication protocols, enhances internal and external enterprise data management, and promotes system and device compatibility.
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The market is expected to grow as demand for internet-enabled devices increases. In addition to this, the market is expected to be driven by an increase in the usage of virtualization technologies. The market’s growth is likely to be hampered by the high installation costs of such equipment. Furthermore, the rise in bring-your-own-device (BYOD) and choose-your-own-device (CYOD) adoption creates market growth opportunities. The growing incidences of cyber theft in banking and defence institutions are attributed to the market’s growth. The increasing complexity and diversity of cyber-attacks have driven companies to invest in network security technology to decrease the risk of large-scale data theft. According to the Identity Theft Resource Center, the number of data breach incidents in the US has grown steadily from 419 million in 2011 to 2019 1473 million.
For instance, In April 2019, Juniper Networks has announced the availability of a cloud-based version of their SD-WAN solution. Contrail Service Orchestration from Juniper makes it easier for companies to manage and protect their WAN infrastructure, as well as their branch LAN and Wi-Fi networks. Furthermore, in February 2020, NEC and Cisco announced that they will provide network equipment with improved supply chain management. This is a significant step forward towards NEC’s efforts to improve the verification, monitoring, and management of authenticity throughout the network system supply chain by using partnerships to increase the area of targeted network equipment.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Cisco Systems Inc., Dell Inc., Alcatel-Lucent Enterprise (ALE International), Hewlett Packard Enterprise Development LP., Broadcom Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Enterprise Network Communications Equipment Market by Segments:
- By Type
o Ethernet switch
o Enterprise routers
o Network security
o WLAN
o Others.
- By Application
o SME
o Large Enterprise
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