Europe Enterprise Networking Market to trace exponential gain over 2019-2024
Category: #world  By Madhuri Pawar  Date: 2019-10-16
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Europe Enterprise Networking Market to trace exponential gain over 2019-2024

According to the Graphical Research new growth forecast report titled Europe Enterprise Networking Market By Deployment Model (On-Premise, Cloud), By Application (BFSI, Healthcare, IT & Telecom, Manufacturing, Retail, Government & Public Sector, Energy & Utility), By Component (Product [Switches, Network Security {Firewall, Intrusion Prevention, Anti-virus/Anti-malware, Secure Web Gateway (SWG), Mobile Device Security}, Wireless, Routers, Network Management], Service [Training & Consulting, Integration & Maintenance, Managed Service]), Industry Analysis Report, Regional Outlook (UK, Germany, France, Italy, Spain, Russia, Netherlands)”, determined to exceed $20 bn by 2024.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1236/sample

The market growth is attributed to the growing adoption of cloud services across SMEs. The rising investments in the cloud-based data centers are also contributing significantly to market growth. For instance, in September 2018, Equinix invested USD 73 million to open an International Business Exchange (IBX) data center in Paris to meet the needs of its cloud customers. The new data center provides enterprises with greater access to top cloud providers through low latency and private connectivity options.

The Secure Web Gateway (SWG) segment is expected to have a growth rate of 7% over the forecast period due to the growing advanced cyber threats such as Advanced Persistent Threats (APTs). The growing BYOD trend is enabling enterprises to use SWG solutions to protect enterprise network from external malicious threats. The enterprise customers are currently preferring SWG over traditional URL filtering techniques to monitor external malicious traffic entering and leaving their networks. The inability of the traditional firewall to detect an advanced cyber threat is also contributing to the adoption of SWG solutions.

The on-premise deployment segment is estimated to be over USD 15 billion in 2024 due to an increase in the demand from enterprises for protecting network infrastructure from cyber threats. The on-premise deployment models offer better layers of security and more control over network resources & data with better threat protection. The on-premise security solution also enables enterprises to facilitate secure communication inside the enterprise’s premises.

The Netherlands is expected to have a growth rate of 10% over the forecast period due to supportive government initiatives to improve cybersecurity. For instance, in November 2018, the Dutch government passed the National Cyber Security Agenda (NCSA) to create a cybersecurity collaboration framework, providing national coverage. The rise in the number of IoT devices in the country due to the adoption of LPWAN technology is enabling enterprises to deploy advanced enterprise networking solutions to support business-critical applications.

The companies operating in the European enterprise networking market are developing advanced networking products to match the changing demands of enterprise customers. For instance, in June 2017, the company launched Cisco Catalyst 9000 Series, which is a  next-generation switch in the Cisco Catalyst family of campus switches including the enterprise LAN & core switches. This new product launch helped the company to provide advanced networking switches that matche the changing network demands of enterprises.

The major players operating in the market are Arista, Cisco, F5 Networks, Checkpoint, Broadcom, FireEye, Dell Technologies, HPE, Riverbed, Juniper, Extreme Networks, McAfee, Palo Alto, Symantec, Huawei, Trend Micro, Netscout, Fortinet, and VMWare.

Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1236/europe-enterprise-networking-market

Europe Enterprise Networking Market Size, By Component

  • By Product
    • Switches
    • Network Security
      • Firewall
      • Intrusion Prevention
      • Anti-virus/Anti-malware
      • Secure Web Gateway (SWG)
      • Mobile Device Security
    • Wireless
    • Routers
    • Network Management
  • By Service
    • Training & Consulting
    • Integration & Maintenance
    • Managed Service

Europe Enterprise Networking Market Share, By Deployment Model

  • On-premise
  • Cloud

Europe Enterprise Networking Market Value, By Application

  • BFSI
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Government & Public Sector
  • Energy & Utility

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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