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IMARC Group’s report titled “Enterprise Networking Market Report by Component (Product, Services), Deployment Mode (Cloud-based, On-Premises), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), End User (Aerospace and Defense, Education, Media and Communication, Healthcare, BFSI, Transportation and Logistics, and Others), and Region 2025-2033”, The global enterprise networking market size reached USD 64.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 99.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.98% during 2025-2033.
Factors Affecting the Growth of the Enterprise Networking Industry:
- The Rise of 5G and Edge Computing:
In 2024, 5G is transforming business networks with faster speeds, less delay, and more capacity. It’s making work and communication easier. Edge computing, which processes data closer to where it’s created, works with 5G to improve performance. Companies use these technologies to speed up networks, support remote work, and manage smart devices like those in the Internet of Things (IoT).
- The Growing Need for Cybersecurity:
Cyberattacks are getting more serious in 2024, so protecting business networks and data is more important than ever. Tools like firewalls, security systems, and VPNs help keep data safe. Many companies are also using "zero-trust" security, which checks and verifies everything trying to access their network to prevent threats.
- The Demand for Easy-to-Manage Networking Tools:
New tools like Software-Defined Networking (SDN) and Network Function Virtualization (NFV) are making it easier for companies to manage their networks. These tools allow tasks to be done virtually, making networks more flexible and cost-effective. As businesses use more cloud services and connect to multiple clouds, they need these tools even more.
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Leading Companies Operating in the Global Enterprise Networking Industry:
- Arista Networks Inc.
- Broadcom Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Extreme Networks
- Fortinet Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- Juniper Networks Inc.
- Netscout Systems Inc.
- Nokia Corporation
- Riverbed Technology
Enterprise Networking Market Report Segmentation:
Breakup by Component:
- Product
- Services
Breakup by Deployment Mode:
- Cloud-based
- On-Premises
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Breakup by End User:
- Aerospace and Defense
- Education
- Media and Communication
- Healthcare
- BFSI
- Transportation and Logistics
- Others
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Enterprise Networking Market Trends:
The business networking market is growing fast in 2024. Companies are investing in technologies like 5G, edge computing, SDN, and NFV to make their networks quicker, safer, and more efficient. These improvements help businesses keep up with modern needs and digital changes.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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