Enterprise Network Infrastructure Market Size, Share & Trends Analysis Report By Technology (Routers & Switches, Wireless LAN, Enterprise Telephony, Storage Area Network, Infrastructure Firewalls), By Industry, By Enterprise Size, By Region, and Segment F

Enterprise Network Infrastructure Market Size, Share & Trends Analysis Report By Technology (Routers & Switches, Wireless LAN, Enterprise Telephony, Storage Area Network, Infrastructure Firewalls), By Industry, By Enterprise Size, By Region, and Segment Forecast, 2022 - 2028

Enterprise Network Infrastructure Market Growth & Trends

The global enterprise network Infrastructure market size is expected to reach USD 80.7 billion by 2028 registering a CAGR of 5.3%, from 2022 to 2028, according to a new report by Grand View Research, Inc. The global enterprise network infrastructure market is expected to grow due to the increasing need for bandwidth, technology shift to wireless, and rising adoption of smart devices. Additionally, enterprises are increasing investments in upgrading networks to improve network speed which would provide cost-efficient solutions with reliability, increase performance, and save energy.

The wireless LAN segment is likely to expand at the 2nd highest CAGR of 6.1% from 2022 to 2028. Increasing demand for mobile devices and cloud applications and increasing adoption of the Internet of Things (IoT) devices demand wireless LAN. Moreover, technological advancements are expected to increase wireless LAN applications across the industry sectors. Wireless LAN enables enterprises to enjoy more security and flexibility. Thus this segment is expected to achieve a higher CAGR during the forecast period.

The retail and e-commerce industry segment is likely to expand with the 2nd highest growth rate of CAGR of 6.2% from 2022 to 2028. Increased adoption of electronic devices in the retail and eCommerce industry, enterprises demand network infrastructure for the ease of business operations. Enterprise Network Infrastructure devices assist in sharing information about suppliers and customers with product tracking, behavioral experiences, shopping preferences, and social things for analysis purposes. Results of the analysis are used to make the key business decision through market segmentation and predictive analytics. This type of information helps the enterprises with decision making, maintaining customer relationships, and increasing footprints across the globe and revenue. This will help improve brand loyalty among customers. Thus, the retail and e-Commerce enterprises are contributing to the Enterprise Network Infrastructure market.

The Large Enterprises segment dominated the market with a revenue share of more than 70.0% in 2021 and is expected to attain a CAGR of 4.7% from 2022 to 2028. Large Enterprises include the enterprises with revenues in billions and more than 1000 employees. These enterprises with a huge amount of budgets can invent new technology and adopt the same. Additionally, enterprises run their business operations smoothly. Thus, the contribution of the large enterprise is more to the market revenue.

North America held the largest revenue share of more than 35% in 2021. The U.S. is positively contributing to the growth of the regional market. The presence of well-established device manufacturing vendors is one of the key factors supporting the market growth. This region is one of the promising regions to launch new technology in terms of IT infrastructure and advanced research and development activities that help innovate and manufacture high-speed Enterprise Network Infrastructure devices. Additionally, the ease of availability of IT resources and related technological talents contribute to and drive the market in the region.

Enterprise Network Infrastructure Market Report Highlights

• North America held the largest revenue share of more than 35% in 2021. The presence of well-established Enterprise Network Infrastructure device manufacturers is one of the key factors supporting the market growth.
• The retail and e-commerce industry segment is likely to expand with the 2nd highest growth rate of CAGR of 6.2% from 2022 to 2028. Enterprise Network Infrastructure devices assist in sharing information about suppliers and customers with behavioral experiences, shopping preferences, and social things.
• The Large Enterprises segment dominated the market with a revenue share of more than 70.0% in 2021. These enterprises with huge amount of budgets and can invent the new technology and adopt the same.