The increasing demand for commercialization of the next-generation 5G technology will propel Intent-based networking (IBN) market size. Given the extreme data speeds of the 5G technology, the commercialization will enable the service providers to launch several customized virtual private networks (VPNs) targeted toward specific applications and customers.
Additionally, intent-based networking technology allows the enterprises to have software defined control over many aspects of the network including the segmentation, content filtering, Quality of Service (QoS) and malware detection. This AI-based smart technology also allows enterprises to automate the configuration of these network devices according to the changing business objectives.
How will networking hardware segment perform during the forecast period?
Networking hardware segment is expected to grow at a CAGR of over 30% during the forecast timeframe . Networking solution providers foresee expansion of their support for 5G technology owing to the increase in data-centric applications. This will create immense demand for networking components such as routers and switches. Rapidly changing business requirements in accordance with technology change is slated to drive IBN market share from networking hardware segment.
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How will the cloud computing trend influence cloud deployment-based IBN market outlook?
The cloud deployment model is anticipated to achieve a steady growth rate of more than 32% over 2019-2025. The growth is mainly attributed to the growing adoption of cloud computing services across the enterprises. Network solution providers have been looking forward to developing cloud data center supporting IBN solutions that will accelerate the demand for cloud deployment model over the years ahead.
How will digitalization across SMEs impact APAC intent-based networking market forecast?
Enterprises across APAC region have been increasingly deploying NFV technologies to support rapid deployment of services and applications. The APAC intent-based networking market is projected to record a CAGR of more than 31% over 2019-2025, owing to the increasing digitalization across small and medium scale enterprises (SMEs). Growing deployment of virtual network across the region will further augment the product demand over the estimated timeframe.
Author Name : Amol Kothekar
APAC enterprise networking market to register the fastest CAGR over 2018-2024, escalating switch sales to characterize the industry landscape
The rapidly growing demand for connected devices across the globe is one of the pivotal factors driving enterprise networking market, given that these devices help facilitate real-time communication. In an effort to cope with and overcome the rapidly rising bandwidth bottleneck & network traffic issues, organizations worldwide are embracing network management solutions that keep the traffic flowing while also ensuring network security. The exponential surge in the number of IoT-enabled devices has drastically increased security risks, on the grounds of which organizations are rolling out enterprise network security solutions to obtain visibility of endpoints and unsecured applications & devices.
Europe Enterprise Networking Market Size, By Product, 2017 & 2024 (USD Million)
According to a 2018 Enterprise Networking Trends report by Cisco, the company in 2017 had redefined networking with the launch of the first intent-based networking system in the world. The company anticipates that going further, intent-based networking would be the future of networking and would also be responsible for fundamentally changing the way companies think about networks & empowering IT and help the firms with disruptions caused by IoT & cloud.
Enterprise networking market trends are also expected to witness a transformation on account of changing customer preferences toward converged network architecture as well as the network virtualization technology to strengthen the network functions. Shifting user inclination has further enabled organizations to enhance network efficiency at reduced operational costs, which would provide renewed growth prospects for enterprise networking market.
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Unveiling Asia Pacific enterprise networking market trends:
APAC enterprise networking market is primarily driven by the large-scale adoption of cloud-based infrastructure in the region as the organizations are actively transferring their workloads onto the public cloud. According to a report by the not-for-profit organization, Cloud Security Alliance (CSA), in APAC, Japan, South Korea, Singapore & China are some of the primary nations that have witnessed the highest cloud adoption rate in 2017. The rising prominence of the cloud computing environment has further enabled network architectures that are disparate in nature to contribute to the increasing operational burden. These circumstances have led to a significant rise in demand for virtualization technology which makes the computing environment more agile, effectively addressing the growing network demands.
According to a research report by IT security company, Barracuda Networks, approximately a third of enterprises in the APAC region have already rolled out SD-WAN on a majority of their sites, while more than 55% organizations in the region are in the process of adopting SD-WAN. Propelled by the robust deployment of advanced networking solutions, APAC enterprise networking market is expected to depict the fastest growth rate of 8% over 2018-2024.
Analyzing enterprise networking market trends in terms of switch sales:
In an effort to keep up with the rising need for organizations to facilitate secure & real-time communications while effectively managing network traffic & bandwidth bottleneck issues, enterprises heavily rely upon high-speed ethernet switches. Switching is a crucial networking technology that is used across several organizations’ premises to construct their local area networks (LANs) and also across vast distances to facilitate wide area networks (WANs) making switches one of the most widely used networking equipment across the world. According to a 2017 annual report by Cisco Systems, the company witnessed a 5% increase in revenue (approximately $452 million) from the sales of LAN fixed-configuration switches. The increase in the revenue was primarily due to the boost in sales of the company’s Nexus & Catalyst series of switches.
According to a 2017 report by Forbes, in 2016 Cisco System’s network switches division was responsible for approximately 40% of the product sales, representing more than 30% of the company’s net revenue. Switches, having accounted for more than 25% of the enterprise networking market share in 2017, are expected to continue adding momentum to the industry growth, given the surging demand for high-speed data services that has fueled the adoption of network switching technology.
Attributing to the increasing network capacity needs across several global enterprises, the growth graph of enterprise networking market is projected to witness an exponential incline in the years ahead. According to Global Market Insights Inc., enterprise networking market size is expected to be pegged at a mammoth $90 billion by 2024.
Author Name : Akshay Kedari
Network function virtualization market to register a staggering CAGR of 42% over 2018-2024, large scale deployment of NFV technology across IT and telecom sector to drive global industry progression
Bringing about a disruptive change in the way present-day digital networks are being built, operated, and managed, the network function virtualization (NFV) market has established itself as one of the most profitable niche verticals of the sustainable and smart industry. Owing to a substantial increase in the demand for robust data management systems across various business sectors, the deployment rate of NFV technology has witnessed a massive jump over the past few years. Especially, the rising number of collaborations between IT giants and renowned cloud service providers has consequentially boosted the growth prospects of NFV industry. For instance, the recently formed partnership between Indian IT major Tech Mahindra and cloud computing behemoth VMware is a testament to the growing prominence of NFV technology in connecting virtual machines and physical interfaces.
Europe Network Function Virtualization (NFV) Market Share, By Application, 2017
Elaborating further, both the firms are likely to integrate VMware’s OpenStack ready NFV platform with digital transformation expertise of Tech Mahindra to assist global communication service providers in accessing new market opportunities, accelerating new service delivery, and enhancing the overall business economics. Moreover, the solutions provided by both the companies would be based on distributed micro data center architecture that will certainly lower the expenses related to network infrastructure. Apparently, the formation of such robust partnerships would optimistically impact the NFV market share in the years ahead.
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At a time when the global IT and telecommunication sector has been recording unprecedented growth owing to a major shift toward automation, next-generation technology solutions such as NFV have garnered immense significance. With the help of a robust virtualized network architecture in conjunction with NFV technology, the telecommunications companies can now launch new services in a couple of months. Moreover, the deployment of NFV enables telecom network operators to significantly reduce power consumption through consolidating equipment, lower the maturation cycle, improve the flexibility of network service provisioning, and enhance operational efficiency. As a consequence of all these advantages, the IT and telecommunication sector has emerged as the major contributor toward NFV industry share expansion in the recent times. In fact, as per a research report compiled by Global Market Insights, Inc., the IT and telecommunication segment held over 32 percent of the revenue share of the overall NFV market in the year 2017.
In this regard, developing economies along the likes of India and China have emerged as the fastest growing terrains for the telecom industry in the last decade. This has, in turn, benefited the NFV market players operating in these nations as the deployment of NFV technology in the telecommunication sector has been on the rise. Testimony to the aforementioned statements is the recently organized SDN & NFV India Congress 2017 which aimed at deliberating on the opportunities and the evolving role of NFV technology on 5G networks in the context of India’s telecom industry. Held for the first time in India, the Congress has been supported by tech giants such as IBM, Juniper Networks, Ericsson, Huawei, UT Starcom, ADVA Optical Networking, and Nokia. Needless to mention, the outcomes of such proactive initiatives would aid the IT and telecom sector to retain the top spot across the application spectrum of NFV industry in the upcoming years.
Meanwhile, it would be prudent to mention that the seamless deployment of NFV technology has been facing certain challenges which includes ensuring compatibility with legacy platforms, interoperability, performance trade-off, and simplicity which might prove to be roadblocks in rapid product penetration. However, the applications of NFV technology would undoubtedly drive various business verticals toward the next phase of network evolution and would prepare an ecosystem where the advantages of 5G connectivity would be leveraged in a highly efficient and agile manner. Driven by an escalating demand for server consolidation and data center virtualization, the remuneration portfolio of the global NFV market is projected to surpass USD 70 billion by 2024.
Author Name : Saif Ali Bepari
Window Automation market to exhibit highest growth via residential applications over 2016-2024, surging demand for hybrid products to boost the industry share
The deployment of modern construction technologies for a luxurious, healthy lifestyle has been rapidly pushing window automation market trends in the last few years. Tech advancements such as augmented reality and IoT are proliferating the construction domain at a robust pace, creating new opportunities for window automation industry players. The incorporation of intelligent control systems in newly installed windows has today proved to be one of the most advantageous technological additions across residential as well as industrial sectors. Pertaining to their sustainability and lesser energy consumption capability, the demand for automated windows has only been escalating lately.
UK window automation market size, by application, 2017 & 2024 (USD Million)
Ever since the advent of the smart era, smart homes and smart cities have become somewhat of a universal trend, prompting regional government bodies to come up with a supportive regulatory framework as well as suitable initiatives to aid the implementation of smart cities. In consequence, this would push the demand for automated components such as doors and windows. One of the primary factors behind the incorporation of these systems however, is the fact that they help reduce excessive energy consumption. Across Western Europe for instance, 40% of the overall energy consumption is for buildings. Being essentially fuel-based, this proportion leads to severe CO2 emissions, escalating the demand for automated windows and doors, given that they help lower these emissions. The deployment of automated windows for optimized energy usage and reduction of carbon emissions will thus impel window automation market share.
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One of pivotal challenges construction behemoths are facing today is the onslaught of fresh air in the living space. This fundamentally involves combating with environmental conditions such as indoor temperature, wind, rain, snow, and carbon dioxide levels, leading to the necessity of advanced sensing systems to be integrated in windows. In recent times, these systems are being developed with highly advanced sensing technologies that are far more efficient and reliable than their predecessors. In order to make these windows smarter than before and ensure that they react appropriately to the occurrence of natural calamities, temperature sensors, and motion sensors are also being incorporated during construction. Driven by the increasing use of innovative sensing solutions, sensors & detectors based window automation industry size is expected to be pegged at USD 950 million by the end of 2024.
The growing popularity of automated windows among the masses has considerably encouraged window automation industry contenders to come-up with innovative solutions. Recently for example, one of the leading window and door manufacturers, Kolbe Windows & Doors showcased its highly innovative portfolio encompassing inswing doors and awnings with automated activation, sliding patio doors, and numerous modern, upgraded window designs at the NAHB IBS (National Association of Home Builders International Builders’ Show). Having successfully integrated modern technologies into its existing window and door product ranges, Kolbe has set a benchmark for other giants in window automation market.
The use of advanced systems for ensuring building and occupant safety is now becoming mandatory, considering the occurrence of life-threatening hazards. Across numerous geographies, governing authorities have mandated the installation of smoke ventilation solutions for operating windows automatically in case of an accidental fire. The increasing deployment of building safety regulations will thus emerge as another contributing factor toward window automation market growth.
Of late, escalating living standards and the increasing need for building safety have generated considerable opportunities for window automation industry contenders. With evolving developments in smart technology, the demand for next-generation components such as motion sensors and IoT based control panels will observe an appreciable upsurge, drastically transforming window automation market outlook. Taking into account the ease of functionality of these systems, governments bodies have also been encouraging residential building developers to deploy automated windows in their projects. In essence, powered by a supportive regulatory framework and a strong technologically-aligned industry background, window automation market size has been forecast to register a CAGR of 6% over 2018-2024.
Author Name :Sunil Hebbalkar
Global Market Insights Inc. announces a new study based report on router and switch market. The market size is estimated to be worth USD 41.02 billion by 2022. The report is a professional and detailed qualitative market research on the current scenario of the key regional markets. It also features a comprehensive discussion about the market trends, aspects like drivers, restraints, opportunities, challenges that impact SP switching and routing device market. The boom in adoption to cloud computing solutions is likely to propel the Router and switch segment.
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The report covers the SP switching and routing device basics including its applications, definitions, manufacturing methods, classifications, cost structures, and product specifications, etc. Furthermore, it offers analysis of the market conditions in the top global regions including the market growth rate, product price, profit, etc.
Key products include multiservice edge, Internet exchange, ATM switch and Ethernet service edge etc. Internet exchange router is likely to show a substantial growth and surpass USD 16 billion during the projected period. Service provider core router is expected to witness growth at a CAGR of over 2.5% in next few years owing to multiple system offerings including less power consumption, high efficiency, optimized rack space usage for improved bandwidth capacity etc. Ethernet service edge router market is forecast to hit USD 12.63 billion from 2015 to 2022. BYOD market growth is likely to impel demand with its numerous advantages including better productivity and reduced costs. BRAS (Broadband Access Aggregation) is likely to see a substantial growth owing to high demand for high speed services.
Mobile data traffic explosion is expected over the projected time frame attributed to rising smartphone usage, proliferation of wireless devices, 3G/4G and LTE networks globally.
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North America router and switch industry is expected to be worth USD 15.5 billion at a growing CAGR of 2% during the forecast timeframe. The surge is attributed to noticeable growth in backhaul investments in the region. Asia Pacific, China in particular is projected to witness a substantial growth due to increasing demand for high-definition content and multi-screen delivery.
Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics. Cisco Systems, Juniper Networks, Alcatel-Lucent, ZTE Corporation and Huawei Technologies are some of the major players in the router and switch market.
Author Name : Dhananjay Punekar