The development of the digital economy relies 100% on accessing, processing and storing information and is expected to drive the global enterprise network equipment market to a valuation of more than US$ 18 billion by 2027 end. With the exponentially increasing acceptance of mobile devices such as smartphones, laptops and tablets, businesses have started to integrate these devices into their organizational network which requires a physical, virtual and logical design of a closed network which enterprise network equipment provides.
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Rapidly increasing demand for connected devices around the globe is one of the key variables driving the enterprise network equipment industry, given that these devices help promote real-time communication. In an attempt to address and solve increasing bottleneck bandwidth & network traffic problems, organizations around the world are adopting enterprise network equipment management approaches that keep traffic flowing while maintaining network safety.
The exponential increase in the amount of IOT-enabled devices has dramatically increased safety hazards due to which organizations are deploying enterprise network equipment solutions to make endpoints and unsecured applications and devices visible. APAC is anticipated to have the highest development rate of over 6% during the forecast period. The size of the enterprise network equipment market is motivated by a massive implementation of cloud-based infrastructure as businesses move their workloads to the public cloud.
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This has resulted in a rise in demand for virtualization technology, which adds agility to the computing setting and efficiently addresses the needs of an efficient enterprise network equipment.
Demand for Continuous Monitoring Generating Interesting Growth Prospects
The need for network performance surveillance facilities is the number one growth factor facilitating the development of the global enterprise network equipment market. Network architecture is becoming increasingly complex and application delivery is becoming more time-sensitive. This calls for extremely reliable, scalable network surveillance facilities such as enterprise network equipment. The need for solid enterprise network equipment monitoring capacities to guarantee smooth operation of mission-critical network infrastructure and the need to resolve downtime problems rapidly drives the development of the market for network monitoring equipment. Network surveillance helps to minimize downtime of the company and thus decreases expenses. It is also crucial to boost the general productivity of the network.
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The Enterprise Network Equipment market report answers important questions which include:
- What does the status of the Enterprise Network Equipment market look like after the forecast period?
- Which region has the highest contribution to the global Enterprise Network Equipment market and why?
- Which players remain at the top of the global Enterprise Network Equipment market?
- What opportunities are available for the Enterprise Network Equipment market players to expand their production footprint?
- Which segment has the maximum impact on the global Enterprise Network Equipment market?
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