Enterprise networking market projected to reach USD 284.44 billion by 2032 with 7.1% CAGR growth

From GlobeNewswire: 2025-01-28 09:00:00

The Enterprise Networking Market was valued at USD 153.51 Billion in 2023 and is projected to reach USD 284.44 Billion by 2032, growing at a CAGR of 7.1%. Major players like Cisco, Broadcom, and HPE are driving market growth with advanced networking solutions to meet the demands of digital transformation, AI, and cloud adoption.

Outsourced infrastructure led the market in 2023, capturing 64% of revenue, while in-house infrastructure is expected to grow at a CAGR of 7.89% due to businesses seeking control over their networks. Ethernet switches dominated the market in 2023, with a 42% share, while WLAN solutions are expected to grow at a CAGR of 8.74% due to the increasing demand for flexible and mobile-friendly networking.

North America held a 37% market share in 2023, driven by advanced networking technology adoption, while the Asia Pacific region is expected to grow at a CAGR of 8.67% from 2024 to 2032. The region’s growth is fueled by digitalization and infrastructure development, particularly in countries like China and India investing in SD-WAN, WLAN, and IoT technologies. Broadcom’s VMware subsidiary unveils updates to Software-Defined Edge portfolio in February 2024, including 5G, SD-WAN, SASE, and Edge Compute innovations for communication service providers. The enhancements feature networking and security capabilities with generative AI, data protection, and managed services. Market analysis report details segmentation, statistical insights, and competitive landscape. SNS Insider offers consulting services like Go To Market Assessment, TAM Assessment, and Competitive Benchmarking globally.



Read more at GlobeNewswire: Enterprise Networking Market Size to Surpass USD 284.44