(MENAFN- Ameliorate Digital Consultancy)
The global enterprise network equipment market is expected to grow at a CAGR of 8.7% from 2019 to 2027. The increasing demand for enterprise wireless network equipment and the increasing adoption of mobile devices are the key factors driving the growth of the market.
The enterprise network equipment market is driven by the growing demand for enterprise wireless network equipment and the increasing adoption of mobile devices. With the growth in the number of mobile devices, businesses are increasingly relying on wireless networks to enable employees to work remotely and access corporate applications. This has increased the demand for enterprise wireless network equipment, such as routers, switches, access points, and controllers. In addition, the growing trend of bring-your-own-device (BYOD) is driving the need for wireless network equipment.
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Key Companies Profiled
The major players operating in the global enterprise network equipment market are Cisco Systems, Inc., Hewlett Packard Enterprise, Juniper Networks, Inc., Dell Technologies, Inc., Ericsson, Extreme Networks, Inc., Huawei Technologies Co., Ltd., Arista Networks, Inc., Avaya, Inc., and F5 Networks, Inc.
Competitive Landscape
The competitive landscape of the enterprise network equipment market is highly fragmented with the presence of several regional and international players. Major players in the market are focusing on strategic initiatives such as product innovation, mergers & acquisitions, and partnerships to gain a competitive edge in the market.
The competitive landscape of the enterprise network equipment market is highly fragmented with the presence of several regional and international players. Major players in the market are focusing on strategic initiatives such as product innovation, mergers & acquisitions, and partnerships to gain a competitive edge in the market.
Furthermore, in April 2018, Hewlett Packard Enterprise launched its new Aruba Wi-Fi 6 access points, designed to provide faster and secure Wi-Fi connectivity. The company also announced the launch of its new Aruba 2530 switch series, designed to deliver secure and reliable network access.
Mergers & acquisitions and partnerships are some of the other strategies adopted by the leading players in the enterprise network equipment market. For instance, in August 2019, Dell Technologies Inc. acquired VMware, Inc. for a total of $67 billion. This acquisition enabled Dell Technologies to offer a comprehensive portfolio of enterprise networking solutions. Similarly, in October 2018, Huawei Technologies Co., Ltd. entered into a partnership with Ericsson, to develop 5G technology and also launch 5G commercial services.
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Segments Covered in enterprise network equipment market
Equipment:
· Routers
· Ethernet Switches
· WLAN Controllers
Vertical:
· BFSI
· Healthcare & Lifesciences
· Communication, Media & Services
· Retail
· Manufacturing
· Energy & Utility
· Other Verticals
Region:
· North America
· Latin America
· Europe
· Middle East
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