Enterprise Network Infrastructure Market Size, Share & Trends Analysis Report By Technology (Routers & Switches, Storage Area Network, Infrastructure Firewalls), By Industry, By Enterprise Size, By Region, And Segment Forecast, 2023 - 2030

Enterprise Network Infrastructure Market Size, Share & Trends Analysis Report By Technology (Routers & Switches, Storage Area Network, Infrastructure Firewalls), By Industry, By Enterprise Size, By Region, And Segment Forecast, 2023 - 2030

Enterprise Network Infrastructure Market Growth & Trends

The global enterprise network Infrastructure market size is anticipated to reach USD 86.02 billion by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow due to the increasing need for bandwidth, technology shifts to wireless, and the rising adoption of smart devices. Enterprises are adopting digital technology to improve business operations. With increasing digitalization, the importance of network infrastructure is increasing, and thus the demand for network infrastructure is also growing. Moreover, the increasing virtualization of servers, hybrid cloud technologies, personal cloud, and growing demand for enterprise mobility are expected to favorably impact the market over the forecast period.

The rollout of 5G networks is expected to create opportunities for enterprise network infrastructure providers. The technology enables faster speeds and lower latency, enabling organizations to deploy more advanced applications and services. For instance, in January 2023, after consumer 5G rollouts, Indian telecom firms started deploying private 5G networks for enterprises in the country. The private 5G networks are entirely disconnected from public networks, which liberates enterprises from concerns like bandwidth problems that can impact processes. Many suppliers are expanding their product portfolios and global reach to bolster their market position and revenues. This type of undertaking is expected to increase the enterprise network infrastructure equipment adoption rate offering new growth opportunities for the market. For instance, in November 2022, Arrcus Inc., the hyper-scale networking Software Company, announced the continued expansion of its operations in India. The company also expanded its TAC su

pport and customer engineering, enhancing its ability to provide 24 x 7 technical support.

Numerous well-established international corporations distinguish the market, and small and medium-sized vendors such as Cisco Systems, Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., and Juniper Networks Inc. Equipment vendors focus on their R&D efforts on releasing the most recent technologies to boost access speed and expand enterprise network infrastructure space. Furthermore, many suppliers are increasing their global reach to strengthen their market position and revenues. This type of project is expected to increase the enterprise network infrastructure equipment adoption rate. Enterprise network infrastructure companies aggressively pursue organic and inorganic tactics to expand their global footprints.

North America is projected to hold a significant market share during the forecast period. 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 IT infrastructure and advanced research and development activities, which 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

• The routers & switches segment led the market in 2022, accounting for over 40% share of the global revenue. The growth is attributable to the enhanced broadband infrastructure and the increasing number of enterprise customers
• The information technology & telecommunications segment dominated the market and accounted for more than 19% share of the global revenue in 2022. The growth is attributed due to the increase in data traffic and is projected to accelerate the expansion of the market
• The large enterprises segment dominated the market with a more than 71% revenue share in 2022. These enterprises with a vast budget can invent new technology and adopt the same
• North America had the largest revenue share of over 35% in 2022. The presence of well-established enterprise network infrastructure device manufacturers is one of the key factors supporting the market growth

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