Enterprise Network Infrastructure market to Eyewitness Huge Marginal Growth by 2028

Posted by Mrudula Karmarkar on November 28th, 2022

The global enterprise network Infrastructure market size is expected to reach USD 80.7 billion by 2028 registering a CAGR of 5.3%, from 2022 to 2028, according to a new report by Grand View Research, Inc. The global enterprise network infrastructure market is expected to grow due to the increasing need for bandwidth, technology shift to wireless, and rising adoption of smart devices. Additionally, enterprises are increasing investments in upgrading networks to improve network speed which would provide cost-efficient solutions with reliability, increase performance, and save energy.

The wireless LAN segment is likely to expand at the 2nd highest CAGR of 6.1% from 2022 to 2028. Increasing demand for mobile devices and cloud applications and increasing adoption of the Internet of Things (IoT) devices demand wireless LAN. Moreover, technological advancements are expected to increase wireless LAN applications across the industry sectors. Wireless LAN enables enterprises to enjoy more security and flexibility. Thus this segment is expected to achieve a higher CAGR during the forecast period.

The retail and e-commerce industry segment is likely to expand with the 2nd highest growth rate of CAGR of 6.2% from 2022 to 2028. Increased adoption of electronic devices in the retail and eCommerce industry, enterprises demand network infrastructure for the ease of business operations. Enterprise Network Infrastructure devices assist in sharing information about suppliers and customers with product tracking, behavioral experiences, shopping preferences, and social things for analysis purposes. Results of the analysis are used to make the key business decision through market segmentation and predictive analytics. This type of information helps the enterprises with decision making, maintaining customer relationships, and increasing footprints across the globe and revenue. This will help improve brand loyalty among customers. Thus, the retail and e-Commerce enterprises are contributing to the Enterprise Network Infrastructure market.

The Large Enterprises segment dominated the market with a revenue share of more than 70.0% in 2021 and is expected to attain a CAGR of 4.7% from 2022 to 2028. Large Enterprises include the enterprises with revenues in billions and more than 1000 employees. These enterprises with a huge amount of budgets can invent new technology and adopt the same. Additionally, enterprises run their business operations smoothly. Thus, the contribution of the large enterprise is more to the market revenue.

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Enterprises are adopting digital technology to improve their business operations. With increasing digitalization, the importance of network infrastructure is increasing. Thus demand for network infrastructure is also growing. Additionally, enterprises are upgrading their network to support wireless networks growing need for bandwidth. Factors such as the growing adoption of the mobile devices, increasing need of the bandwidth, and technology shift to wireless are driving factors of the enterprise network infrastructure market. Additionally, enterprises are increasing investments for upgrading network to improve speed which would provide cost-efficient solution with reliability, increase performance, and save energy.

Enterprise Network Infrastructure Market Report Highlights

• North America held the largest revenue share of more than 35% in 2021. The presence of well-established Enterprise Network Infrastructure device manufacturers is one of the key factors supporting the market growth.
• The retail and e-commerce industry segment is likely to expand with the 2^nd highest growth rate of CAGR of 6.2% from 2022 to 2028. Enterprise Network Infrastructure devices assist in sharing information about suppliers and customers with behavioral experiences, shopping preferences, and social things.
• The Large Enterprises segment dominated the market with a revenue share of more than 70.0% in 2021. These enterprises with huge amount of budgets and can invent the new technology and adopt the same.

Enterprise network provides connectivity to IT infrastructure such as users, devices, and applications. It also consists of physical and virtual network, systems, and protocols which serves the users. Various applications from data center and cloud facilitate the access to the network data and analytics. Enterprise network achieve increased efficiency via collaboration, access to the company resources, and higher productivity with lower costs.

During the lockdown situation driven by the COVID-19 pandemic, governments of various countries restricted the physical movement and citizens preferred to stay at home as a precautionary measure. With shortfall in revenue due to the disturbed supply chains, enterprises allowed employees to work-from-home due to the pandemic and government restrictions. So there was a sudden increase in demand for the enterprise infrastructure hardware. However, due to the pandemic situation, there were limitations on supply chains and economic disruptions. Thus, vendors were unable to satisfy the demand during a quarter resulting in a short-term negative impact on the market revenue in 2020.

List of Key Players in Enterprise Network Infrastructure Market

• Cisco Systems, Inc.
• Hewlett Packard Enterprise Company
• Huawei Technologies Co. Ltd.
• Juniper Networks Inc
• ZTE Corporation
• Alcatel–Lucent S.A.
• Brocade Communications Systems Inc.
• Avaya Inc.
• Aruba Networks Inc.
• Bluecoat Systems Inc