Enterprise Network Equipment Market Projected to Reach $30.6B by 2020
June 19, 2015 | Global Industry Analysts Inc.Estimated reading time: 1 minute
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
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.