The global market for enterprise network equipment is projected to reach over US$ 18 Billion by 2027 according to the recent report published by FactMR. Rapid adoption of cloud computing technologies coupled with the popularity of software defined network architectures is creating demand for the enterprise network equipment market. “Enterprise network equipment is the communication backbone of a company that allows connectivity between pcs and other electronic devices across departments and workgroups. The device provides scalability and interoperability, which enables companies to improve their external and internal data management”.
Storage, networking, and server virtualization, along with the growing need for cloud-based business IT solutions, are dramatically changing enterprise IT, networking, and communications to technologically sophisticated machinery alternatives such as enterprise network equipment. Enterprise network equipment is being extensively used to mix, divide, and switch direct packets of data on a computer or telecommunications network. The exponential increase in the amount of IoT-enabled devices has dramatically risen safety hazards, on the basis of that organizations are deploying enterprise network security solutions to make endpoints and unsecured apps and devices visible.
BYOD (Bring Your Own Device) Phenomenon Complimenting Enterprise Network Equipment
Fact.MR found that the propagation of Wi-Fi is contributing substantially to the development of enterprise network equipment market. In addition, the launch of your own device (BYOD) policy to expand the mobile workforce is anticipated to increase the development of enterprise network equipment market. The BYOD trend representing the notion of any device being used anywhere stimulates the need for invasive wireless networks and mission-critical mobility applications. In addition to this, small and medium-sized enterprises are investing in enterprise network equipment to make technological adjustments and promote their expansion objectives. The rapid implementation of cloud computing technology in businesses is accountable for the development of the enterprise network equipment industry.
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Enterprise Network Equipment Becomes Paramount for Businesses Looking for Essential Data Security
Most organizations are demonstrating the significance of knowing what's going on with their network at all times, across all applications, and devices. Organizations are implementing enterprise network equipment and forming safety teams to work more closely and leverage network infrastructure to increase visibility across the globe. Network security serves as a strong incentive to invest in networking related services such as enterprise network equipment. With fast technological innovations, cyber criminals are becoming craftier and more advanced skills. In addition, with IT infrastructure being extended to virtual cloud-based platforms, many precious businesses and client information remain susceptible to safety threats.
Increasing need for significant operational cost reductions, growing adoption of business analytics and cloud coupled with rising complexities in operations across several end use industries continue to influence demand for managed network services.
The adoption of managed network services is also being influenced with a number of industry-specific factors including but not limited to growing need for high efficiency in business processes and customer satisfaction.
FactMR envisages that the demand for managed network services is projected to expand at a stellar pace growing at a value CAGR in the range of 8% to 9% throughout the period of forecast, 2018-2028.
The sales of managed network services during the said timeline are expected to surpass US$ 120 Bn by end of 2028, says FactMR report.FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global managed network services market.
The managed network services report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Further, the managed network services report elaborates the market behavior of each vendor operating in the managed network services market.Adoption of managed network services is likely to spur during the forecast period on back of their application in Big Data analytics to hybrid cloud and from e-commerce to hosting, as these services offer efficient functioning of networks across several organizations.
This report on the Global Enterprise Network Firewall Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.
This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.
It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the Enterprise Network Firewall Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/enterprise-network-firewall-market-forecast-2026-499Global Enterprise Network Firewall Market Competitive Analysis:Palo Alto Networks, Check Point Software Technologies, AhnLab, Juniper Networks, Cisco, Huawei Technologies, WatchGuard Technologies, Hillstone Networks, SonicWall, Fortinet Drivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the Enterprise Network Firewall Market industry.
Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.
Moreover, the report also lists out regions that are expected to show maximum potential for market growth in the years to come.
*All our reports are customizable as per customer requirementsThis study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027.
