Enterprise Network Infrastructure Market Projected To Exhibit Robust CAGR of 5.3% For The Forecast Period From 2022 To 2028: Grand View Research Inc.
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.
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Enterprises are
adopting digital technology to improve their business operations. With
increasing digitalization, the importance of network infrastructure is
increasing. Thus demand for network infrastructure is also growing.
Additionally, enterprises are upgrading their network to support wireless
networks growing need for bandwidth. Factors such as the growing adoption of
the mobile devices, increasing need of the bandwidth, and technology shift to
wireless are driving factors of the enterprise network infrastructure market.
Additionally, enterprises are increasing investments for upgrading network to
improve speed which would provide cost-efficient solution with reliability,
increase performance, and save energy.
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.
Enterprise
network provides connectivity to IT infrastructure such as users, devices, and
applications. It also consists of physical and virtual network, systems, and
protocols which serves the users. Various applications from data center and
cloud facilitate the access to the network data and analytics. Enterprise
network achieve increased efficiency via collaboration, access to the company
resources, and higher productivity with lower costs.
During the
lockdown situation driven by the COVID-19 pandemic, governments of various
countries restricted the physical movement and citizens preferred to stay at
home as a precautionary measure. With shortfall in revenue due to the disturbed
supply chains, enterprises allowed employees to work-from-home due to the
pandemic and government restrictions. So there was a sudden increase in demand
for the enterprise infrastructure hardware. However, due to the pandemic
situation, there were limitations on supply chains and economic disruptions.
Thus, vendors were unable to satisfy the demand during a quarter resulting in a
short-term negative impact on the market revenue in 2020.
List of Key Players in Enterprise Network Infrastructure Market
- Cisco Systems,
Inc.
- Hewlett Packard
Enterprise Company
- Huawei
Technologies Co. Ltd.
- Juniper Networks
Inc
- ZTE Corporation
- Alcatel–Lucent
S.A.
- Brocade
Communications Systems Inc.
- Avaya Inc.
- Aruba Networks
Inc.
- Bluecoat Systems
Inc
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