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Enterprise Networking Market in manufacturing segment is Excepted to Grow At CAGR of Over 8% from 2018 to 2024

Author : Ronak Bora | Published Date : 2019-04-09 

According to Global Market Insights, Enterprise Networking Market provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the enterprise networking industry.

2017 Market Size – USD 62 Billion

Compound annual Growth Rate (CAGR)- 6%

2024 Forecast Value – USD 90 Billion +

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The manufacturing segment in the enterprise networking market is expected to grow at a CAGR of over 8% from 2018 to 2024. The manufacturing industry is witnessing an increase in the demand for network virtualization solutions to centralize administrative tasks while improving scalability and reducing workloads. The rise in the number of cloud IIoT solutions is also fueling the demand for networking solutions that provide real-time visibility control and analytics.

Highlights of this report: 

Base Year: 2017

Growth Projections – 2018 to 2024

Historical data coverage:  2013 to 2017

Number of Pages – 270

Data Tables – 456

Integration & maintenance services in the enterprise networking market held a major market share of over 42% in 2017. The integration services enable enterprises to control risks, costs, and quality through a planned deployment process. An enterprise network transformation requires changes both in infrastructure and the way networks are managed. This transformation accelerates the demand for network maintenance services. The maintenance solutions give customers the ability to upscale or downscale the services on demand and help clients achieve optimal performance from their networking systems.

Growth Drivers of Enterprise Networking Market:

  • Growing need among enterprises to manage network assets
  • Increased demand for high connectivity to support bandwidth intensive applications
  • Rising numbers of IoT devices demanding network security solutions
  • Extensive adoption of high-speed ethernet switches
  • Implementation of virtualization technology for CAPEX and OPEX savings
  • Shifting enterprise preferences towards converged network architecture

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

  • Arista Networks
  • Broadcom Inc.
  • Check Point Software Technologies, Ltd.
  • Cisco
  • Dell Technologies
  • Extreme Networks
  • F5 Networks
  • FireEye, Inc.
  • Fortinet
  • Hewlett Packard Enterprise
  • Huawei Technologies
  • Juniper Networks
  • McAfee
  • Palo Alto Networks
  • Riverbed Technology
  • Symantec
  • Trend Micro

The on-premise deployment model held a major share of the enterprise networking market as this model enables IT architects to configure solutions to match their needs. These solutions help businesses to ensure that their networks are running securely and giving them direct control to access the data and control security of the computing infrastructure.

Enterprise Networking Market Segmentation:

Enterprise Networking Market, By Component

  • By Product
    • Switches
    • Network Security
      • Firewall
      • Intrusion prevention
      • Anti-virus/Anti-malware
      • Secure Web Gateway (SWG)
      • Mobile Device Security
    • Wireless
    • Routers
    • Network management
  • By Service
    • Training & Consulting
    • Integration & Maintenance
    • Managed Service

Enterprise Networking Market, By Deployment Model

  • On-premise
  • Cloud

Enterprise Networking Market, By Application

  • BFSI
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Government & Public Sector
  • Energy & Utility

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Research Methodology:

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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