Enterprise Network Equipment Market Projected to Reach $30.6B by 2020

Reading time ( words)

Rising bandwidth requirements, expanding mobile workforce, growing base of mobile Internet devices, and accelerating shift towards wireless systems are expected to drive the global enterprise network equipment market to reach $30.6 billion by 2020, according to a new report by market analyst Global Industry Analysts Inc. (GIA).

On the other hand, demand for Ethernet switches and routers is declining due to emergence and growth in the popularity of wireless equipment. Strong demand for Internet-enabled devices and increasing adoption of virtualization technology are also driving growth in the market.

Growing bandwidth requirements is leading to a shift towards high-speed infrastructure. The emergence of 100GE switch ports and software is expected to result in the decline of 1GE, 10GE and 40GE switch ports in the Ethernet Switches market, with enterprises favoring advanced technology and features in their network. Pricing pressures are expected to subdue growth in the enterprise routers market.

Within the WLAN segment, adoption of 802.11ac standard continues to register overwhelming growth. High-speed wireless data transmission capabilities, competitive pricing and end-to-end product choices are driving adoption of 802.11ac standard over 802.11n standard. Also, webification of enterprise applications and consolidation of IT infrastructure are driving demand for application delivery controllers, especially WAN optimization controllers.

As stated by the new market research report on Enterprise Network Equipment, the United States represents the largest market Worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 3% over the analysis period.



Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

Copyright © 2021 I-Connect007. All rights reserved.