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From GlobeNewswire: 2025-04-18 10:00:00
The Enterprise Network Infrastructure Market was valued at USD 62.2 billion in 2023, projected to reach USD 100.4 billion by 2032 with a 5.49% CAGR. Major players include Cisco, Juniper Networks, Huawei, and Dell Technologies. The U.S. market is set to grow from USD 16.34 billion in 2023 to USD 26.06 billion by 2032, driven by cloud services and advanced technology adoption.
Routers and switches lead the market due to their crucial role in network operations, while enterprise telephony is expected to record the fastest growth. Large enterprises prioritize network security and explore 5G networking, while SMEs seek cost-effective and innovative solutions. The information technology & telecommunications sector dominates, with healthcare projected to achieve the fastest CAGR, driven by digital transformation initiatives. Digital transformation in enterprise networks is revolutionizing healthcare service delivery by allowing businesses to track patient medical histories. North America leads the market with over 37% of global revenue in 2023, driven by advanced technology adoption and remote work trends. Meanwhile, the Asia-Pacific region is poised for rapid growth in enterprise network infrastructure, especially in emerging economies like China, Japan, and India. This shift towards advanced networking solutions is essential to meet the increasing demand for high-bandwidth applications and support the surge in data and application usage.
Read more at GlobeNewswire: Enterprise Network Infrastructure Market to Reach USD 100.4