Expectations, survey, findings and research from experts of this industry converge on the same point that, the global Enterprise Networking Market, beyond the fact that, security concerns and difficulty in managing complex networks is expected to hamper growth, the Enterprise Networking Market (Ethernet Switch, Enterprise Routers, WLAN, Network Security, etc.) is on interesting curve with a market expected to reach USD 64.63 billion by 2024, according to Research and Markets.
Overall, one can observe that,
Increasing adoption of virtualization technologies by organizations can
dramatically reduce the storage infrastructure costs, and is expected to offer lucrative opportunities to the market.
In the new environment where, Enterprises
are favoring the advanced technologies and features such as 100G Ethernet
switches and adoption of 802.11 ac standards, wireless equipment and strong demand for internet-enabled
devices is expected to drive the revenue growth.
The proliferation of Bring Your Own Device (BYOD) and expanding
mobile workforce is expected to augment industry growth.
Growing IT infrastructure and increasing demand
from economies such as India,
Japan, and China is expected to fuel enterprise networking market growth.
The shift towards Software Defined Networking (SDN) disrupts the router
and switch market.
According to Research and Markets, the switch manufacturers are making their
hardware more accessible through Application Program Interface (API) which
exposes their configurable elements.
Among key
vendors, we have: