Enterprise Networking Market Evolving Technology, Segmentation and Industry Analysis 2021 to 2024
Category: #technology  By Ronak Bora  Date: 2021-08-04
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Enterprise Networking Market Evolving Technology, Segmentation and Industry Analysis 2021 to 2024

The enterprise networking market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

The global enterprise networking market, in the years to come, is anticipated to be majorly driven by the surging demands for real-time & secure communication between devices due to booming connected device sales. Global enterprises, in an effort to overcome the escalating bandwidth bottleneck and network traffic issues, are adopting network management solutions for managing rising network traffic while also ensuring an enhanced network security. Moreover, with an exponential rise in the use of a plethora of different Internet of Things (IoT) devices fueling the rise of a diverse array of security risks that are usually associated with IoT devices that are unsecured, companies are rolling out enterprise network security solutions to secure their respective organization’s network and obtain visibility of endpoints as well as unsecured applications & devices.

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Surging occurrences of cyber-attacks on IT networks in the financial sector have been instrumental in more and more institutions coming up with initiatives for the modernization of their network security policies. The targeting of banking institutions by hackers has been a major threat as they hold a significant amount of financial records and clientele information.

The enterprise networking market from BFSI sector is set to depict a commendable CAGR of more than 4 per cent through 2024. The rapid adoption of virtualization technology for sufficing to the emerging requirements of banks and other financial institutions will escalate enterprise networking market share through the ensuing years.

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Increasing penetration of the internet in European countries has been responsible for a large number of virus and malware attacks causing disruptions in enterprise networks. Europe enterprise networking market is poised to hold a remarkable share of over 20 per cent through 2024.

According to ENISA (The European Union Agency for Network and Information Security), of the attacks reported in 2016, cyber-attacks using ransomware stood amongst the prominent cyber-attacks in the region.

A surge in the cyber-attacks in countries comprising Germany, Italy, and the UK has also encouraged enterprises and government agencies to proceed with the adoption of improved cybersecurity policies and networking solutions.

Increasing adoption of cloud-based models owing to an escalation in the volume of financial and business data will propel the demand for enterprise network applications through the anticipated period.

Enterprise networking market from cloud deployment is slated to exhibit a substantial CAGR of nearly 10 per cent through 2024. This rise is chiefly ascribed to the surging adoption of cloud-platforms for enhancing the efficiency of essential business processes.

Through the coming years, implementation of novel solutions for the advancement of networks and applications by major industry participants is set to augment enterprise networking market size. Prominent enterprise networking market players include NetScout, Dell Technologies, Broadcom, Palo Alto Networks, Symantec Corporation, Extreme Networks, Fortinet, Inc., F5 Networks, Inc., and others.

Major Key Points from Table of Content:

Chapter 6.Enterprise Networking Market, By Deployment Model

6.1.Key trends, by deployment model

6.2.On-premise

6.2.1. On-premise market estimates and forecast, 2013-2024

6.3.Cloud

6.3.1. Cloud market estimates and forecast, 2013-2024

Chapter 7.Enterprise Networking Market, By Application

7.1.Key trends, by application

7.2.BFSI

7.2.1. BFSI market estimates and forecast, 2013-2024

7.3.Healthcare

7.3.1. Healthcare market estimates and forecast, 2013-2024

7.4.IT & telecom

7.4.1. IT & telecom market estimates and forecast, 2013-2024

7.5.Manufacturing

7.5.1. Manufacturing market estimates and forecast, 2013-2024

7.6.Retail

7.6.1. Retail market estimates and forecast, 2013-2024

7.7.Government & public sector

7.7.1. Government & public sector market estimates and forecast, 2013-2024

7.8.Energy & utility

7.8.1. Energy & utility market estimates and forecast, 2013-2024

7.9.Others

7.9.1. Others market estimates and forecast, 2013-2024

Browse Complete Table of Content @ https://www.decresearch.com/toc/detail/enterprise-network-equipment-market  

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine 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 spo...

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