Global Enterprise Network Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Enterprise Network Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An enterprise network is an enterprise's communication backbone that helps connect computers and related devices across departments and workgroup networks, facilitating insight and data accessibility. Enterprise network means the IT infrastructure that the organizations use to provide connectivity among users, devices, and applications. Network equipment is an important part of new infrastructure construction, as a hardware infrastructure system to support applications in fields such as big data, artificial intelligence, and industrial Internet. Generally includes WLAN Equipment, Ethernet Switch, Enterprise Routers, Network Security Equipment, etc.

Market Overview:

The latest research study on the global Enterprise Network Equipment market finds that the global Enterprise Network Equipment market reached a value of USD 60600.0 million in 2022. It’s expected that the market will achieve USD 84307.23 million by 2028, exhibiting a CAGR of 5.66% during the forecast period.

Increased demand for digital transformation

Customer participation, internal cooperation, and the emergence of digital products and network services all rely on high-quality network infrastructure. Network information and business intelligence are known to transform the network into a monetization asset.
Enterprise network equipment may become a competitive advantage for the company compared to its competitors. For example, retail companies are gradually seeking to provide customers with differentiated experiences that rely on fast and reliable corporate networks to fulfill their experience promises.
In the past decade, due to the emergence of cloud-based services (such as Dropbox, Netflix) and global consumer platforms (such as Facebook, Amazon, and Google), the utilization of corporate network devices has increased significantly. This has led to a rapid increase in the utilization of corporate network equipment. The fast pace of technological growth also implies that the cycles of equipment replacement in such enterprise network equipment installations are as brief as three years.
With the development of technology, companies are paying more and more attention to digital production and operations, and their interest in digital transformation continues to increase. Especially after COVID-19, more and more companies are aware of the importance of digital production models. For Enterprise Network Equipment Increased demand.

Increased demand for Connected Devices and Cloud-Based Technology

With the exponentially increasing acceptance of mobile devices such as smartphones, laptops, and tablets, businesses have started to integrate these devices into their organizational network which requires a physical, virtual and logical design of a closed network that enterprise network equipment provides. Rapidly increasing demand for connected devices around the globe is one of the key variables driving the enterprise network equipment industry, given that these devices help promote real-time communication.
In an attempt to address and solve increasing bottleneck bandwidth & network traffic problems, organizations around the world are adopting enterprise network equipment management approaches that keep traffic flowing while maintaining network safety. The exponential increase in the amount of IoT-enabled devices has dramatically increased safety hazards. So organizations are deploying enterprise network equipment solutions to make endpoints and unsecured applications and devices visible. The size of the enterprise network equipment market is motivated by a massive implementation of cloud-based infrastructure as businesses move their workloads to the public cloud. This has resulted in a rise in demand for virtualization technology, which adds agility to the computing setting and efficiently addresses the needs of efficient enterprise network equipment.
As enterprises' demand for connected equipment and Cloud-Based Technology increases, it will promote the development of the Enterprise Network Equipment market.

Lack of core talents in the industry

The continuous innovation of network communication technology requires enterprises to invest large R&D costs to cultivate and introduce high-end R&D technical talents. At the same time, network communication equipment companies need high-end management talents who have a certain technical foundation and corporate operational capabilities to effectively organize production and improve corporate management efficiency. The training of the above high-end talents is a relatively long process, and the current shortage of talents will be a challenge for the industry.

Region Overview:

In 2022, the share of the Enterprise Network Equipment market in North America stood at 39.02%.

Company Overview:

Cisco Systems, Inc. is one of the major players operating in the Enterprise Network Equipment market, holding a share of 41.22% in 2023.

Cisco Systems, Inc.

Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry.

Huawei Technologies Co. Ltd.

Huawei Technologies Co., Ltd. provides networking products and telecommunication solutions. The Company researches and develops internet access, transmission networks, servers, storage, security, and other networking products.

Segmentation Overview:

By type, Ethernet Switch segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 50.56% in 2022.

Key Companies in the global Enterprise Network Equipment market covered in Chapter 3:

Fortinet
Brocade Communications Systems, Inc.
Huawei Technologies Co. Ltd.
Symantec Corporation
Citrix Systems, Inc
CHECK POINT
Cisco Systems, Inc.
H3C
Juniper Enterprise Networks, Inc.
D-Link Corporation
Ubiquiti Enterprise Networks, Inc.
Arista
Extreme Enterprise Networks, Inc.
EnGenius Technologies
Palo Alto
A10 Enterprise Networks, Inc.
Nokia
ADTRAN, Inc.
Aruba Enterprise Networks, Inc.
Commscope

In Chapter 4 and Chapter 14.2, on the basis of types, the Enterprise Network Equipment market from 2018 to 2029 is primarily split into:

WLAN Equipment
Ethernet Switch
Enterprise Routers
Network Security Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Enterprise Network Equipment market from 2018 to 2029 covers:

Small Enterprise
Medium-sized Enterprise
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)