Enterprise Network Market Size, Share, Opportunities, And Trends By Type (LAN, WAN, Cloud Network), By Enterprise Size (Small, Medium, Large), By Service (Routing, Firewalling, WiFi, Load Balancing, Others), And By Geography - Forecasts From 2023 To 2028

The enterprise network market was valued at US$56.44 billion in 2021 and is expected to grow at a CAGR of 7.04% during the forecast period.

An enterprise network is the comprehensive IT infrastructure utilized by medium to large organizations to establish connectivity among users and devices, with the primary aim of delivering secure and dependable digital services to employees, partners, and customers. This network ecosystem comprises Local Area Networks (LAN)), Wide Area Networks (WANs), Data Centers, and Cloud Services. The enterprise network market growth is driven by the growing trend of digital transformation, remote workforces, 5G connectivity, edge computing, cloud adoption, and the integration of AI technologies to optimize network performance.

IoT Proliferation Drives Enterprise Network Market Growth

The Internet of Things (IoT) technology connects embedded devices through seamless communication, enabling machine-to-machine interactions. Increasing number of IoT devices is boosting the enterprise network market. Globally, IoT initiatives are being driven by the Smart City and Digital programs, which aim to enhance digital infrastructure in the country. As per the August 2022 report by Health Sector Cyber Security Coordination Center, there are about 7 billion devices connected through IoT in the US and it is estimated that devices using this technology will increase 20 billion more by 2025. The Indian government has formulated a Draft IoT Policy to develop connected and smart IoT systems, including the Smart City project, which aims to create 100 smart cities with a substantial investment.

Emerging Cloud Computing trends drive the Enterprise network market expansion.

Cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, and services) that can be quickly deployed with minimal need for manual management. Cloud computing is an evolving paradigm surging the enterprise network market growth. For instance, the STRIDES Initiative by the US federal government is a mechanism that enables academic and medical centers to leverage cloud discounts for the conduct of federally funded biomedical research. STRIDES supports more than 2,700 academic and medical institutions and more than 300,000 research-related individuals through a partnership with NIH and multiple commercial cloud platform providers.

Increasing government investment to drive the enterprise network market growth.

Government spending is important for unlocking the full potential of the network society. Governments across all nations are taking remarkable steps to undergo a digital transformation. For instance, the eCourts project in India aims to establish a Wide Area Network (WAN) connecting District and Subordinate court complexes across the country using technologies like Optical Fiber Cable, Radio Frequency, and Very Small Aperture Terminal. As of March 2023, 99.5% of the planned 2992 sites have been commissioned with bandwidth speeds ranging from 10 Mbps to 100 Mbps.

Asia-Pacific is expected to dominate the enterprise network market.

The Asia-Pacific region is set to dominate the enterprise network market, with rapid growth driven by substantial investments in 5G technology and fiber-optic systems. Rising urbanization and increased competition are making data connectivity more affordable, leading to greater adoption of enterprise networking solutions. In India, data costs have decreased significantly from Rs. 300 per GB in 2014 to Rs. 10 per GB in 2022. Digital connectivity in the country has seen substantial progress, with broadband users increasing from 6 crore in 2014 to 80 crore users. Additionally, the availability of optical fiber at the local level will further boost the enterprise network market.

Key Developments

• June 2023: Vi Business launched a new enterprise network solution called Hybrid SD-WAN to meet the evolving digital needs of businesses in India. This offering addresses challenges posed by traditional WAN architectures by providing a hybrid network structure and integrated security. It is designed to enable businesses to efficiently run applications across multi-connected networks, ensuring minimal downtime and offering visibility into network applications and security. Notably, it can integrate with both ILL/MPLS connections, supports 4G and 5G networks, and offers flexibility in choosing an ISP.
• April 2023: Tailscale Inc. introduced a zero-trust networking solution for enterprises. This solution focuses on authentication and end-to-end encryption for each connection. Tailscale's networking solution decentralizes access and enhances network speed. It offers easy setup, minimal configuration, and supports new device connectivity. Tailscale's real-time logs provide detailed attribution for network activity tied to users' identity which helps in security monitoring. It also allows secure shell connections and encrypted recording of shell commands for enhanced security.

Company Products

• Cisco Nexus 9000 Series: The Cisco Nexus 9000 Series, powered by Cisco silicon, offers exceptional data center performance. It features 400G ports for versatile data handling needs, ensuring scalability and compatibility. The series prioritizes network security with advanced analytics, streaming telemetry, and MACsec encryption. It also optimizes cost-efficiency through unified ports supporting various Ethernet and Fibre Channel speeds, including RDMA over converged Ethernet (RoCE) and IP storage.
• Cisco MDS 9000 Series.: The Cisco MDS 9000 Series provides a comprehensive solution for building and managing storage networks that prioritize security, accessibility, and constant availability of data. It offers high-speed options, including 64G capabilities, designed for NVMe/FC and all-flash array storage environments. The series stands out with its industry-leading on-chip analytics for NVMe, and Fibre Channel enabling faster troubleshooting and more efficient operations.
• Dell Virtual Edge Platform 4600: The Dell Networking Virtual Edge Platform 4600 is a high-performance solution designed for hosting Virtual Network Functions (VNFs) and is particularly well-suited for SD-WAN applications. This single-socket, 1RU platform is versatile and suitable for both service provider edges and enterprise branches. It features upgradable expansion cards for additional 1G or 10G interfaces and offers expert assistance in navigating network complexities and optimizing network performance in multi-vendor IT environments.

Segmentation

• By Type
  • LAN
  • WAN
  • Cloud Network
• By enterprise size
  • Small
  • Medium
  • Large
• By Service
  • Routing
  • Firewalling
  • WiFi
  • Load Balancing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Other