Global Enterprise Networking Market Size Forecast 2024 - 2033
23 Dec, 2024
How Is The Global Enterprise Networking Market Defined?
Enterprise networking is an interconnected system of computing devices designed to accommodate the organization's growing needs by allowing for scalability and flexibility in adding new devices, users, and services. This networking is crucial in supporting day-to-day operations, collaboration, and innovation within modern organizations, enabling them to leverage technology effectively to achieve their business objectives.
Enterprise Networking Global Market Report 2024 provides data on the global enterprise networking market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The enterprise networking market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Enterprise Networking Market Size And Annual Growth Rates?
The enterprise metadata management market has seen exponential growth, expanding from $7.29 billion in 2023 to $8.81 billion in 2024, representing a CAGR of 21.0%. Growth in recent years has been fueled by regulatory compliance needs, data integration complexities, digital transformation efforts, master data management initiatives, and data governance programs. This market is expected to grow further, reaching $19.07 billion by 2028 at a CAGR of 21.3%. The growth is driven by real-time metadata processing, enhanced privacy and security measures, the rise of data fabric solutions, augmented data catalogs, and potential impacts from quantum computing. Significant trends include hyper-automation integration, data mesh adoption, semantic metadata utilization, privacy-preserving solutions, and the convergence of dataOps with metadata management.
Which Key Drivers Are Propelling The Enterprise Networking Market's Growth?
The growing threat of cybersecurity risks is anticipated to propel the expansion of the enterprise networking market. Cybersecurity threats involve harmful activities intended to steal, damage, or disrupt digital systems. These threats are increasing due to expanding attack surfaces, evolving tactics from cybercriminals, the rise of connected devices, and a heightened reliance on digital infrastructure. Enterprise networks play a vital role in mitigating cybersecurity threats by offering firewalls, secure access controls, network segmentation, encryption, regular updates, security monitoring, employee training, and endpoint protection. According to the Identity Theft Resource Center, data breaches increased by 78% from 2022 to 2023, from 1,801 to 3,205 incidents. Therefore, the growing prevalence of cybersecurity threats is driving the growth of the enterprise networking market.
Get Your Free Sample of the Global Enterprise Networking Market ReportWhat Are The Key Segments Within The Global Enterprise Networking Market?
The enterprise networking market covered in this report is segmented –
1) By Component: Product, Services
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End User: Aerospace And Defense, Education, Media And Communication, Healthcare, Banking, Financial Services, And Insurance (BFSI), Transportation And Logistics, Other End Users
How Are New Trends Impacting The Size Of The Enterprise Networking Market?
In the enterprise networking market, companies are developing innovative solutions like Net5.5G intelligent cloud-network technologies to establish corporate networks connecting employees, resources, and applications. For example, in February 2024, Huawei launched Net5.5G intelligent cloud-network solutions designed to accelerate intelligent transformation and boost digital productivity. These solutions, including Net5.5G High-Quality 10 Gbps CloudCampus and Net5.5G Converged WAN, aim to improve network quality, digital services, encryption, and security for enterprise branches.
Which Region Drives The Highest Growth In The Enterprise Networking Market?
Asia-Pacific was the largest region in the enterprise networking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.