Enterprise Networking Market Size Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast to 2027
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Global Enterprise Networking 2022-2027
The global enterprise networking market size was pegged at $409.3 billion in 2022. The market is expected to grow at a CAGR of more than 6% during the forecast period (2022-2027). Rising adoption of wireless devices, cloud services, IoT, and other digital solutions, and growing demand for strong enterprise network connectivity amid an increase in adoption of work-from-home and remote working model are driving enterprises to ramp up and strengthen their networking infrastructure and invest in network solutions.
Global Enterprise Networking Market Outlook, 2022-2027 ($billions)
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The global enterprise networking market research report provides an executive-level overview of the current networking market worldwide, with detailed forecasts of key indicators up to 2027. Published annually, the global enterprise networking market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key networking market trends as well as the technological developments that are shaping the networking landscape.
Market Size 2022 | $409.3 billion |
CAGR | >6% |
Forecast Period | 2022-2027 |
Product/Service Types | Hardware, Services, Software |
Key Industry Verticals | BFSI, Manufacturing, Information Technology, Government, and Construction |
Enterprise Size Band | MSME and Large Enterprises |
Key Regions | Asia Pacific, North America, Western Europe, Middle East and Africa, South and Central America, and Central and Eastern Europe |
Leading Companies | Cisco, Juniper Networks, Arista Networks, Lumen (CenturyLink), and Verizon |
Global Enterprise Networking Market Segmentation by IT Infrastructure Types
The global enterprise networking market is divided into three types namely:
- Software
- Hardware
- Services
Global Networking Market Share by IT Infrastructure Types
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Enterprise Networking Services Represents the Largest Contributor to the Total Networking Market Value
Networking services is the largest revenue-generating segment for the overall network market with its share of total revenue estimated at $318.7 billion for 2022. The rising complexity of network management due to wireless deployments and increasing network security issues are driving the demand for network services among enterprises.
Global Enterprise Networking Market Segmentation by Vertical
The BFSI sector is the largest end-use market for enterprise networking. The report analyses the global enterprise networking market across several industry verticals including:
- BFSI
- Manufacturing
- Information Technology
- Government
- Construction
Global Enterprise Networking Market Share by Vertical
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Global Enterprise Networking Market Segmentation by Regions
The enterprise networking market forecast report also analyses the global enterprise networking market across six regions:
- Asia Pacific
- North America
- Western Europe
- Middle East & Africa
- South & Central America
- Central & Eastern Europe
Global Enterprise Networking Market Share by Region
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According to the GlobalData’s analysis, Asia Pacific is the leading regional market with revenue estimated at $169.6 billion for 2022 and will grow at a CAGR greater than 7% over the forecast period. Growth in the region will be driven by the expanding enterprise sector, especially with the rising number of IT and other tech enterprises in developing Asian countries such as China and India. The ongoing digitalization in various sectors such as manufacturing and growing adoption of cloud infrastructure will subsequently give rise to advanced network solutions.
Enterprise Networking Market – Drivers, Trends and Challenges
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Vendor Landscape
The global enterprise networking vendor landscape is dominated by prominent international players such as Cisco, Juniper Networks, Arista Networks, Lumen (CenturyLink) and Verizon.
To know more about leading enterprise networking companies, download a free sample
Scope
The market intelligence report provides an in-depth analysis of the following –
- Enterprise networking market outlook by product/service type: analysis as well as historical figures and forecasts of revenue opportunities from the storage product/service type.
- Enterprise networking market outlook by enterprise size band: analysis as well as historical figures and forecasts of revenue opportunities from the enterprise size band perspective.
- Enterprise networking market outlook by regions: analysis as well as historical figures and forecasts of revenue opportunities from a regional perspective.
- Enterprise networking market outlook by revenue opportunity: analysis as well as historical figures and forecasts of revenue opportunities from a regional perspective.
- The vendor landscape: an examination of the positioning of leading players in the enterprise networking market.
- Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.
Reasons to Buy
- This market intelligence report offers a thorough, forward-looking analysis of global enterprise networking, enterprise networking solution providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying GlobalData’s forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in global enterprise networking market.
- The report also highlights key vertical industries (BFSI, manufacturing, information technology, government, and construction etc.), enterprise size bands (Micro, small, medium, large, and very large) and key regions (North America, Asia Pacific, Western Europe, Middle East & Africa, Central & Eastern Europe, and South & Central America)
- With charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in global enterprise networking market.
- The broad perspective of the report coupled with comprehensive, actionable detail will help enterprise networking hardware & software vendors, service providers, and other enterprise networking players succeed in the growing enterprise networking market worldwide.
Juniper Networks
Arista Networks
Luman (CenturyLink)
Verizon
Table of Contents
Frequently asked questions
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What was the global enterprise networking market size in 2022?
The global enterprise networking market size was valued at $409.3 billion in 2022.
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What is the global enterprise networking market growth rate?
The global enterprise networking market is expected to grow at a CAGR of more than 6% during the forecast period.
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What are the key global enterprise networking market drivers?
Deluge of content delivery network (CDN) and data centers and 5G development auguring well for networking are stimulating the growth of the enterprise networking industry globally.
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What are the key global enterprise networking market segments?
Product/Service Type: Hardware, Services, Software
Vertical segments: BFSI, Manufacturing, Information Technology, Government, and Construction
Enterprise size band: MSME and Large Enterprises
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What are the key regions in the global enterprise networking market?
The key regions analyzed in the global enterprise networking market are North America, Asia Pacific, Western Europe, Middle East & Africa, South & Central America, and Central & Eastern Europe
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Which are the leading global enterprise networking companies?
The leading enterprise networking companies in the global enterprise networking market are Cisco, Juniper Networks, Arista Networks, and Verizon among others.
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