Enterprise Networking Market

The global enterprise networking market size is projected to grow from USD 115.8 billion in 2024 to USD 175.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.6%. Local area networks (LANs) connected to wide area networks (WANs) and the cloud make up enterprise networking solutions. Enterprises need to connect their data centers and branch offices, as well as new cloud services (both public and private), Internet-of-Things (IoT) devices, and remote workers. The network facilitates these connections, enabling enterprises to exchange data, run business processes, and gain insights into network activities—essentially making business operations possible. Connectivity is restricted to authorized users, devices, and locations in enterprise networks, often encrypting data through VPN or TLS encryption. Today’s enterprise networking differs significantly from just a few years ago. Many hardware appliances are now software-based or virtualized cloud services. Scaling a network using hardware requires purchasing and deploying more equipment. However, with software-based infrastructure, scaling up has become feasible using low-cost commodities instead of vendor-specific hardware. With all these ongoing trends, a modern enterprise network architecture has become highly efficient.

Various globally established players, such as Cisco Systems (US), IBM (US), Broadcom (US), Hewlett Packard Enterprise (US), Juniper Networks (US), Arista Networks (US), Huawei (China), Extreme Networks (US), Fortinet (US) are dominating the enterprise networking Market. To increase their market share in the enterprise networking Market, these competitors have used various growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

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Cisco Systems

Cisco Systems provides network technologies such as switching, enterprise routing, wireless, compute under the Secure, Agile Networks segment. Moreover, conferencing, collaboration devices, calling, networking, and CPaaS solutions are under the Collaboration segment. The company plays a dominant role in the enterprise communications market and has experience in communications and IT infrastructure. Through a combination of SD-WAN and IoT edge platforms, Cisco has expanded its networking capabilities for wireless and enterprise routing products. Cisco Digital Network Architecture (Cisco DNA) is a concept-based network architecture that provides advanced solutions for any enterprise networking need. The company also offers cross-enterprise security solutions such as SD-Access, Zero Trust Security, SASE, and SD-WAN security.

Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise (HPE) has diverse offerings across different sectors. compute, HPC & Al, storage, intelligent edge, financial services, and corporate investments & others are among its important business segments. Integrated systems made for high-performance computing, Al, data analytics, and transaction processing are covered under HPC & Al division. These solutions are offered to governments, research institutions, and commercial entities globally. Through the HPE Greenlake edge-to-cloud platform, the storage segment delivers SaaS and cloud data services, focusing on agility and security. The intelligent edge business, operating under the Aruba brand, offers secure edge-to-cloud solutions that enable businesses to connect, driven by trends, such as remote work and loT. HPE's financial services arm provides flexible investment solutions facilitating technology deployment and IT lifecycle management. Corporate investments and others include consultative services, software offerings, and research and development initiatives.

Related Reports:

Enterprise Networking Market by Networking Devices (Routers, Switches, Firewalls, Access Points), Technology (SDN, SD-WAN, SASE, Intent-Based Networking), Network (Branch, Remote, Campus, Datacenter), Connection (Wired, Wireless) - Global Forecast to 2029

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