-- The global networking equipment market growth is projected to be driven by the rising popularity of wireless equipment and increasing demand for internet-enabled gadgets. Additionally, industry development is projected to be aided by the spread of Bring Your Own Device (BYOD) and the expansion of the mobile workforce. The Bring Your Own Device (BYOD) movement, which promotes the usage of any device, anywhere, is increasing the need for intrusive wireless networks and mission-critical mobility applications.
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The global networking equipment market development is projected to be fueled by growing IT infrastructure and rising demand from markets such as India, Japan, and China. However, rising bandwidth needs and a faster move to wireless systems are expected to enhance demand. Rising security concerns and the difficulty of maintaining sophisticated networks are anticipated to stifle expansion in the coming years. Primarily, there has been a substantial increase in the popularity of wireless equipment and high demand for internet-enabled devices, which has accelerated the expansion of global networking equipment market, owing to the rising need to improve production efficiency across businesses.
The transition to Software-Defined Networking (SDN) has had a significant influence on the router and switch markets. Application Program Interface (API), which exposes their customizable parts, is helping switch makers make their hardware more accessible. This shift in architecture allows for network infrastructure modification that is both flexible and application-driven. Furthermore, small and medium-sized enterprises are anticipated to continue investing in networking to prepare for technology developments and support their development plans. Government initiatives in emerging countries to construct smart cities, close the digital divide, and improve financial inclusion are projected to boost demand for networking equipment.
Cisco Systems, Juniper Networks Alcatel-Lucent, Hewlett-Packard, and Brocade Communications Systems are all major participants in the networking equipment industry. Enterprise consumers and service providers face particularly fierce competition, which is increasingly focused on cost. The rising usage of SDN has decreased the networking barrier to entry, giving hardware suppliers fresh competition. Customers' adoption of SDN is forcing proprietary hardware suppliers to develop new revenue-protection methods.
The growing occurrences of cyber-theft in banking and defence organizations are ascribed to the market's expansion. The increasing complexity and diversity of cyber-attacks has prompted businesses to invest in network security technology in order to decrease the risk of large-scale data theft. The networking equipment market is projected to be dominated by North America. Furthermore, network equipment makers have a large presence in the region.
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Key Segmentation of the global networking equipment 2018-2025
The market is segmented into:
By Type
• Hardware
• Software
• Services
By Application
• Financial Services and Insurance (BFSI)
• Public Sector
• Manufacturing
• Hospitality
• Healthcare
• IT and Telecommunication
• Others
By Geography
• United States
• China
• Japan
• SouthEast Asia
• India
• Europe
• Central and South America
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