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
Global Smartphone Production Sees Slight Rebound in 3Q24 but Faces a 5% YoY Decline
09/05/2024 | TrendForceTrendForce reports that global smartphone production experienced a 3% quarterly dip, totaling 286 million units in 2Q24.
Global Wrist-Worn Device Market Ships Almost 44 Million Units in 2Q 2024, Led by China’s 10.9% YoY Growth
09/05/2024 | IDCQ2 2024 Global Semiconductor Equipment Billings Increased 4% Year-Over-Year
09/05/2024 | SEMIGlobal semiconductor equipment billings increased 4% year-over-year to US$26.8 billion in the second quarter of 2024, while quarter-over-quarter billings edged up 1% during the same p
Altium 365 Apps Now Available in AWS Marketplace for Collaborative, Secure Design of Electronics Hardware
09/04/2024 | AltiumAltium, a global leader in electronics design systems, announced that its Altium 365 cloud platform and its Secure Collaboration application are now both available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Global Semiconductor Sales Increase 18.7% Year-to-Year in July
09/03/2024 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor industry sales hit $51.3 billion during the month of July 2024, an increase of 18.7% compared to the July 2023 total of $43.2 billion and 2.7% more than the June 2024 total of $50.0 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.