Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Enterprise Network Infrastructure Market size is expected to reach $78.5 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Small & Medium Enterprises segment is showcasing a CAGR of 6.1% during (2022 - 2028). The rising growth of this segment is owing to the increasing number of small and medium enterprises focusing on the growth, which is encouraging them for adopting various advanced and novel solutions. Small and medium-sized businesses are referred as SMEs. These businesses are cash-strapped and have minimal resources. Governments, on the other hand, are assisting SMEs by providing tax breaks and other services. This factor is augmenting the growth of this segment.
The BFSI segment acquired maximum revenue share in the Global Enterprise Network Infrastructure Market by Industry in 2021, thereby, achieving a market value of $18.6 billion by 2028. The rapidly rising growth of this segment is majorly owing to the increasing adoption of digitization all over the world. With the spread of digitization, it is becoming easier for people to access banks and other financial services. For the convenience of banking and related procedures, this industry began to utilize digital platforms. Financial institutions began adopting internet platforms to provide a better experience for their clientele. A network must be established for communication purposes. As a result, this factor is propelling the growth of the market.
The Enterprise Telephony market has shown growth rate of 5% during (2022 - 2028). The growth of this segment is accelerating because enterprise telephony ensures a smooth flow of communication and a sociable environment among coworkers from various industries. Enterprise telephony refers to the electronic transfer of fax, voice, and other information. Geographic business growth by SMEs and large corporations across the globe. Enterprise telephony solutions are increasingly being adopted to meet business communication needs. As a result, this factor contributes to the segment's growth rate.
The North America market dominated the Global Enterprise Network Infrastructure Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27.8 billion by 2028. The Europe market is estimated to witness a CAGR of 4.9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 5.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/enterprise-network-infrastructure-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Juniper Networks, Inc., Broadcom, Inc. (Brocade Communications Systems, Inc.), Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co., Limited), Nokia Corporation, Avaya, Inc. (Avaya Holdings Corp.), and ZTE Corporation.
By Enterprise Size
Unique Offerings from KBV Research
North America Enterprise Network Infrastructure Market Future Scope & Opportunities 2022-2028
Europe Enterprise Network Infrastructure Market Size & Growth Forecast 2022-2028
Asia Pacific Enterprise Network Infrastructure Market Size, Share & Industry Outlook to 2028
LAMEA Enterprise Network Infrastructure Market Growth, Trends & Forecasts 2022-2028