The Professional Networking Market report segments the industry into By Platform (Social Networking Platforms, Niche Networking Platforms, Job-Specific Platforms, Specialized Networking Communities), By End-user (Professionals/Individuals, Businesses & Organisations, Recruiters and Consultants), and By Geography (North America, Europe, Asia, Australia and New Zealand, Middle East and Africa, Latin America).

HPE and Cisco led the global network hardware industry as of 2024. HPE's Aruba Networks accounted for almost ** percent of the market, while Cisco commanded more than a quarter of the market with its range of network products. Rising network infrastructure and equipment spending globally IT spending globally has been steadily increasing over the past decade, with an estimated value of nearly * trillion in 2024. In the same year, the network infrastructure market size was valued at nearly *** billion U.S. dollars in 2024, with enterprise spending alone totaling around ** billion U.S. dollars. The network infrastructure market is also expected to increase in the coming years in both the service provider and the enterprise segments. Recently, the U.S. and China were by far the largest spending countries on network infrastructure, with China’s network infrastructure revenue standing at some **** billion U.S. dollars in 2024, while the U.S. market size stood at **** billion U.S. dollars. Network security market in a growth trajectory Network security remains an essential pillar of enterprise network infrastructure. Infrastructure security spending was estimated at **** billion U.S. dollars in 2023 and is forecast to exceed ** billion U.S. dollars by 2024. The network security equipment market has been equally growing as well, with around **** billion U.S. dollars in 2023. The main players in the network security equipment market are Palo Alto Networks, Fortinet, and Cisco, among others. Advanced threat prevention, secure email and web gateways, and network access controls are among the main network security technologies currently in use among organizations in 2023.

The Network Devices Market is estimated to be valued at USD 31.1 billion in 2025 and is projected to reach USD 53.6 billion by 2035, registering a compound annual growth rate (CAGR) of 5.6% over the forecast period.

The Data Center Networks Market is Segmented by Product (Ethernet Switches and More), Network Architecture (Spine-Leaf, SDN Overlay, and More), Deployment Model ( On-Premises/Enterprise DC and More), End-User Industry (covering IT and Telecom, BFSI, and More), and Geography (North America, Asia-Pacific, and More). Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Enterprise Networking market size will be USD 117541.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 43490.47 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 34087.12 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 28210.03 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue, with a market size of USD 4466.59 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 4701.67 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 2585.92 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2025 to 2033.
Healthcare and Life Sciences are expected to have the highest CAGR of the Enterprise Networking industry

Market Dynamics of Enterprise Networking Market

Key Drivers for Enterprise Networking Market

Rising cybersecurity threats drive growth in the enterprise networking market

Increased cybersecurity threats are expected to drive the enterprise networking market forward. Cybersecurity threats are malicious actions taken with the intent to steal data, damage, or disrupt computing systems. Cybersecurity threats are growing as a result of expanding attack surfaces, evolving tactics by malicious actors, the proliferation of connected devices, and the growing reliance on digital infrastructure across multiple sectors. Enterprise networks protect against cyber threats by implementing firewalls, secure access controls, network segmentation, regular updates, encryption, security monitoring, employee training, and endpoint security. For instance, the Identity Theft Resource Centre (ITRC), a non-profit organisation based in the United States, reported a 78% increase in data breaches between 2022 and 2023, from 1,801 to 3,205 incidents. As a result, growing cybersecurity threats are propelling the enterprise networking market forward.

https://www.infosecurity-magazine.com/news/us-data-breaches-surge-2023/#:~:text=The%20number%20of%20reported%20data,these%20data%20breaches%20reached%20353%2C027%2C892.

Growing adoption of wireless devices boosts market Growth

The increased use of wireless devices is the most significant driver of market growth in the Enterprise Networking Market. Laptops, tablets, and smartphones are becoming increasingly popular among organisations, creating a high demand for dependable wireless networking. Wireless devices have increased flexibility and mobility, allowing employees to work from multiple locations while collaborating seamlessly. This shift to a mobile workforce necessitates cutting-edge wireless infrastructure, including Wi-Fi 6 and 5G, to ensure high-speed connectivity and consistent performance. Furthermore, the proliferation of Internet of Things (Iot) devices boosts demand for large-scale wireless networks. Companies are realising the benefits of wireless technology in terms of productivity and operational effectiveness, and the implementation of these devices is keeping the market growing rapidly.

Restraint Factor for the Enterprise Networking Market

High Initial Investment Costs Limit Market Growth

The high initial capital requirements are a significant barrier to growth in the Enterprise Networking Market. Companies may have to pay a high price to implement sophisticated network solutions, hardware, software, and infrastructure expansions. These high costs can be a constraint, especially for small and medium-sized businesses (SMES), which are not always cash-rich. Second, the requirement to integrate cutting-edge technologies with mature systems can cause additional financial strain. Firms may be hesitant to invest in newer technologies due to concerns about return on investment (ROI) and the risk of becomi...

The Enterprise Networking Market Share size and share are expected to exceed USD 313.72 billion by 2032, with a compound annual growth rate (CAGR) of 5.4% .

The Mexico Data Center Networking Market report segments the industry into By Component (By Product, By Services) and End-User (IT & Telecommunication, BFSI, Government, Media & Entertainment, Other End-Users). Get five years of historic data and five-year forecasts.

The global software defined networking market size reached USD 28.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 125.1 Billion by 2033, exhibiting a growth rate (CAGR) of 17.08% during 2025-2033. The increasing demand for network automation and programmability, rapid adoption of cloud services, and accelerating digital transformation are primarily driving the market growth. Further, the increasing advancement in the 5G network is opportunistic for the market demand.

IMARC Group provides an analysis of the key trends in each segment of the global software defined networking market research report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on component, organization size, application, and end use industry.

The global network as a service market size was valued at USD 24.0 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 185.0 Billion by 2033, exhibiting a CAGR of 25.5% from 2025-2033. North America currently dominates the market, holding a market share of over 41.4% in 2024. The North American region is driven by the growing demand for scalable, flexible, and cost-effective networking solutions, heightened need for real-time data processing, and rising focus on maintaining seamless communication across various industries.

IMARC Group provides an analysis of the key trends in each segment of the global network as a service market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on type, application, and end use industry.

Snapshot img { margin: 10px !important; } Some of the key findings from our data center network infrastructure market forecast report are summarized below

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Global Data Center Network Infrastructure Industry Overview

Vendors are increasingly adopting AI technologies in data center networking. The implementation of AI across different components of data centers will enable end-users to automate repetitive tasks and minimize errors caused due to human intervention. AI also helps in enhancing the overall data center network performance by managing network bottlenecks, fixing network utilization issues, and providing proper bandwidth allocation within cloud data centers. The use of AI is expected to increase further in network infrastructure monitoring tools and network equipment such as routers and switches shortly. This rise in AI/ML applications in data center networking will be a critical data center network infrastructure market trend driving the growth of the data center network infrastructure market size.

Hyperscalers and colocation service providers are making significant investments to increase the number of data centers in current locations as well as in new regions. The enormous volumes of data generated by applications such as IoT and the shift of network storage from protocols such as Fiber Channel (FC) to Ethernet-based solutions have increased the bandwidth requirements. Applications such as VDI and the increasing density of servers are also boosting the demand for high-bandwidth solutions. To cater to this growing demand, hyperscalers and colocation service providers are implementing high-bandwidth solutions such as 100 GbE and 400 GbE solutions in their data centers. The increasing demand for high-bandwidth switches by hyperscalers and colocation service providers will fuel the growth of the data center network infrastructure market. Although the growth momentum of the data center network infrastructure market is decelerating, it will continue to register a CAGR of over 12% during the forecast period.

Top Data Center Network Infrastructure Companies Covered in this Market Research Report

The global data center network infrastructure market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this data center network infrastructure market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the future growth opportunities.

The report offers a detailed analysis of several leading data center network infrastructure companies, including:

Arista Networks Inc.
Cisco Systems, Inc.
Dell Technologies Inc.
Hewlett Packard Enterprise Development LP
Huawei Technologies Co. Ltd.
Juniper Networks Inc.

Data Center Network Infrastructure Market Segmentation Based on Technology

Ethernet switches
Data center interconnect
Routers
Other networking infrastructure

The Ethernet switches segment will account for the highest data center network infrastructure market share. The need for higher bandwidths and the adoption of virtualization are some of the significant factors which will contribute to the data center network infrastructure market growth in this segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the data center network infrastructure market size.

Data Center Network Infrastructure Market Segmentation Based on Geographic Region

APAC
Europe
MEA
North America
South America

With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the data center network infrastructure market size throughout the forecast period. Factors such as growing demand for cloud services and implementation of backup and disaster recovery solutions are fueling the growth of the data center network infrastructure market in this region.

Key Highlights of the Global Data Center Network Infrastructure Market Report for the Forecast Period 2019-2023

CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will decelerate the growth of the data center network infrastructure market during the next five years
Precise estimation of the global data center network infrastructure market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the data center network infrastructure industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detaile

Discover Market Research Intellect's Data Centre Networking Market Report, worth USD 23.5 billion in 2024 and projected to hit USD 50.3 billion by 2033, registering a CAGR of 9.5% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

Data Center Networking Market is Segmented by Component (Product and Services), End User( IT and Telecommunications, Banking, Financial Services and Insurance (BFSI), Government and Defense and More), Data Center Type (Colocation, Hyperscalers/Cloud Service Providers, Edge/Micro Data Centers), by Bandwidth (≤10 GbE, 25–40 GbE and More) and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

The U.S. social networking market was USD 138.9 billion in 2024 and is set to reach USD 304.5 billion by 2032, growing at a CAGR of 10.5% during 2025-2032.

The USA Networking Equipment Market size is valued at USD 45 billion in 2023, driven by market share analysis, growth opportunities, and industry challenges. Gain insights on market revenue, trends, and player analysis.

Enterprise Networking Market size was valued at USD 62.75 Billion in 2024 and is projected to reach USD 95.21 Billion by 2032, growing at a CAGR of 5.9% from 2026 to 2032.Global Enterprise Networking Market DriversDigital Transformation: The increasing adoption of digital technologies across industries is driving the need for robust and scalable network infrastructures.Cloud Adoption: The shift towards cloud-based applications and services requires efficient network connectivity and management.IoT and Edge Computing: The proliferation of IoT devices and the rise of edge computing generate massive amounts of data, necessitating advanced networking solutions.Global Enterprise Networking Market RestraintsHigh Implementation Costs: Implementing and maintaining complex enterprise networks can be expensive, especially for small and medium-sized businesses.Skill Shortage: A lack of skilled IT professionals with expertise in network design and management can hinder network deployment and optimization.Network Complexity: The increasing complexity of network architectures due to the convergence of IT and operational technologies (IT/OT) poses challenges for management and troubleshooting.

According to Cognitive Market Research, the global Network Equipment market size was USD 145845.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 58338.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2%from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 43753.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 33544.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7292.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2916.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The IT and Telecom sector is the dominant application category. This dominance stems from the critical role that network infrastructure plays in supporting the massive data traffic and communication needs of this industry.

Market Dynamics of Network Equipment Market

Key Drivers for Network Equipment Market

Expansion of 5G Networks to Increase the Demand Globally

The expansion of 5G networks is a significant driver propelling the network equipment market forward. As telecom operators and service providers roll out 5G technology, there is a surging demand for advanced network equipment to support the enhanced data speeds and lower latency that 5G promises. This upgrade necessitates new infrastructure, including base stations, antennas, and network management systems, designed to handle the higher frequencies and increased data throughput of 5G. The transition to 5G is not only transforming mobile connectivity but also creating new opportunities for applications such as augmented reality, autonomous vehicles, and smart cities, all of which require robust network equipment to function effectively.

Surge in Data Traffic and Cloud Services to Propel Market Growth

The rapid growth in data traffic and the proliferation of cloud services are driving substantial demand for network equipment. As businesses and individuals increasingly rely on cloud computing for storage, applications, and services, the need for high-performance network infrastructure has intensified. This shift necessitates advanced routers, switches, and data center equipment capable of handling large volumes of data and ensuring seamless connectivity. Additionally, the rise in remote work and digital transformation initiatives further fuels the need for scalable and resilient network solutions. As cloud services become integral to daily operations, network equipment must evolve to meet the heightened requirements for speed, reliability, and security.

Restraint Factor for the Network Equipment Market

High Capital Expenditure to Limit the Sales

The High capital expenditure presents a significant restraint for the network equipment market. The deployment of advanced network infrastructure, including the latest technologies and high-capacity equipment, involves substantial upfront costs. This financial burden can be particularly challenging for smaller operators and businesses with limited budgets. Additionally, the rapid pace of technological advancements requires frequent upgrades and replacements, further straining financial resources. As a result, the high cost of investment in network equipment can slow down the adoption of new technologies and hinder market growth, especially in price-sensitive regions and among smaller players.

Impact of Covid-19 on the Network Equipment Market

The COVID-19 pandemic has significantly impacted the network equipment market, driving both challenges and opportunities. The surge in remote work and increased reliance on digital communication platforms have heightened the demand for robust network infrastructure to support remote connectivity and cloud services. This shift accelerated the need for upgrades and expansions in network equipment to handle the increased data traffic and ensure reliable performance. However, the pandemic also disr...

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Network As A Service (NaaS) Market Size 2025-2029

The network as a service (NaaS) market size is valued to increase by USD 44.07 billion, at a CAGR of 24.7% from 2024 to 2029. Increasing use of cloud services by enterprises will drive the network as a service (NaaS) market.

Major Market Trends & Insights

North America dominated the market and accounted for a 39% growth during the forecast period.
By End-user - IT and telecom segment was valued at USD 2.33 billion in 2023
By Type - WAN-as-a-service segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 624.33 million
Market Future Opportunities: USD 44066.20 million
CAGR from 2024 to 2029 : 24.7%

Market Summary

The market represents a dynamic and continually evolving landscape, driven by the increasing use of cloud services by enterprises and the rising complexity of modern networks. Core technologies, such as Software-Defined Networking (SDN) and Network Function Virtualization (NFV), are transforming the way businesses manage and optimize their networks. NaaS applications, including security, WAN optimization, and unified communications, are gaining traction as they offer enhanced functionality, flexibility, and cost savings. According to a recent report, the NaaS market is expected to account for over 25% of the total enterprise WAN market by 2025.
Despite these opportunities, challenges such as security concerns and complex company ecosystems persist. Regions like North America and Europe are leading the NaaS adoption rate due to their advanced IT infrastructure and high cloud penetration. The market's continuous evolution underscores the need for businesses to stay informed and adapt to the latest trends and innovations.

What will be the Size of the Network As A Service (NaaS) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Network As A Service (NaaS) Market Segmented ?

The network as a service (naas) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  IT and telecom
  BFSI
  Manufacturing
  Healthcare
  Others


Type

  WAN-as-a-service
  LAN-as-a-service


Sector

  Large enterprises
  SMEs


Application

  Cloud and SaaS connectivity
  UCaaS and video conferencing
  Virtual private network
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The IT and telecom segment is estimated to witness significant growth during the forecast period.

Network as a Service (NaaS) is a dynamic and evolving market, gaining significant traction in various industries due to its ability to deliver advanced networking capabilities on-demand. According to recent reports, IT and telecom sectors hold the largest market share, with adoption growing by 25% in 2024. This growth is attributed to the increasing use cases in these sectors, the adoption of cloud services, and the need for cost-effective IT infrastructure. Network infrastructure plays a crucial role in IT and telecommunications by reducing the digital divide and addressing bandwidth concerns. Shared active and passive infrastructure enables high-speed Internet access and allows networks to expand profitably.

Network Function Virtualization (NFV) and Software-Defined Networking (SDN) are key technologies driving the market, with cloud-native networking, microservices architecture, and network slicing gaining popularity. Network orchestration, multi-tenancy support, and security policies are essential features that enhance the flexibility and security of NaaS offerings. Service Level Agreements (SLAs), performance monitoring, and fault tolerance ensure reliable network services. Network automation, latency reduction, resource monitoring, and api management optimize network efficiency. Containerization technology, elastic scaling, and on-demand capacity enable businesses to adapt to changing demands. Service chaining, virtual switching, and bandwidth optimization improve network performance. Quality of service, dynamic routing, and disaster recovery ensure business continuity.

The future of NaaS is promising, with expectations of a 27% increase in industry growth. Factors such as the rise in business offerings, the demand for improved customer experience, and the need for regulatory compliance are fueling this growth. Network security protocols, network segmentation, and dynamic routing are key areas of focus for market players. In summary, Network as a Service is a critical component of digital transformation, enabling busi

Network Management Systems Market was valued at USD 10.20 Billion in 2024 and is expected to grow at CAGR of 9.2% from 2025 to 2032 with value of USD 20.56 Billion by 2032.

The global software defined networking market size is forecast to rise from USD 46.02 billion in 2025 to USD 238.83 billion by 2035, advancing at a CAGR above 17.9%. Companies leading innovation in the industry are Cisco Systems, VMware, Juniper Networks, Hewlett Packard Enterprise, Nokia, contributing to the sector’s development and expansion.

Networking Hardware Market size was valued at USD 110.8 Billion in 2023 and is projected to reach USD 155.17 Billion by 2031, growing at a CAGR of 4.3% from 2024 to 2031.

Key Market Drivers: Increasing Data Traffic and Bandwidth Requirements: As more data is created, shared, and accessed, there's a constant demand for networking hardware that can support ever-increasing bandwidth needs. This growth is driven by several factors, including the proliferation of bandwidth-intensive applications like video conferencing, high-definition streaming services, and online gaming. Emergence of 5G Technology: The rollout of 5G networks is driving significant demand for upgraded networking hardware. 5G offers significantly faster data speeds, lower latency, and greater capacity compared to previous generations of cellular technology. To handle these demanding requirements, an entirely new network infrastructure is needed, including routers, switches, and cell towers that can support the higher frequencies and bandwidths associated with 5G. Additionally, the growth of network slicing, a key feature of 5G that allows for the creation of virtual networks tailored to specific applications, is further driving the need for flexible and programmable networking hardware. Growth of Cloud Computing: The shift towards cloud-based applications and services is driving the need for high-performance networking hardware to handle the increased data traffic moving between on-premises data centers and cloud environments. This traffic includes critical business applications, data backups, user access to remote storage, and a variety of Software-as-a-Service (SaaS) applications. As cloud adoption continues to grow, organizations are finding that their existing network infrastructure is often insufficient to handle the demands of cloud-based workloads. This is leading to increased investment in high-bandwidth network.