The Enterprise Network Lan Equipment Market is estimated to be valued at US$6.01 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Enterprise network LAN equipment connects and enables communication between computers, servers and other network systems within an organization through a local area network. This includes products like ethernet switches, routers, WLAN access points and controllers that help build network infrastructure to share data, applications and other resources. With rapid digitization across industries, there is increasing demand for reliable, secure and scalable network infrastructure that can support higher bandwidth requirements for advanced technologies like cloud, IoT and big data.

Market key trends:
One of the key trends driving growth in the enterprise network LAN equipment market is the increasing demand for higher bandwidth. With wide adoption of technologies like cloud, mobility and internet of things (IoT), there is growing data traffic within organizations. This requires LAN infrastructure with higher switching capacity and faster internet connectivity. For example, newer enterprise switches support speeds upto 100Gbps to handle bandwidth-intensive applications. Also, technologies like Wi-Fi 6 and 5G networks are enabling wireless access points and routers to deliver multi-gigabit wireless speeds. Such enhanced network equipment ensures smooth operations of modern digital workplaces.

Porter’s Analysis

Threat of new entrants: Low capital requirements and access to supply chains makes threat of new entrants moderate in Enterprise Network Lan Equipment Market.

Bargaining power of buyers: Large buyers like corporations have significant bargaining power to negotiate on price and demand better services and equipment.

Bargaining power of suppliers: A few large suppliers dominate the market, giving them significant power over OEMs in terms of pricing and supply.

Threat of new substitutes: Wireless and cloud technologies pose potential threat, however compatibility issues and security concerns limit their use currently.

Competitive rivalry: Intense competition exists among key players focusing on innovation and customer service to gain market share.

SWOT Analysis

Strength: Established brand names, global distribution network and expertise in providing customized solutions.

Weakness: Higher research and infrastructure costs compared to smaller players, vulnerability to cyber threats and supply chain disruptions.

Opportunity: Growth in remote working due to COVID-19 pandemic, adoption of latest technologies like SD-WAN and network automation.

Threats: Preference for OTT services, economy downturn affecting corporate IT budgets.

Key Takeaways

The global Enterprise Network Lan Equipment Market is expected to witness high growth, exhibiting CAGR of 4.1% over the forecast period, due to increasing digitization of business processes across industry verticals. North America dominated the market in 2023 with a share of over 35%, with U.S. being the major revenue generator.

Regional analysis- Asia Pacific is expected to grow at fastest pace due to rapid industrialization and growing adoption of advanced technologies in countries like China and India. Governments are also taking initiatives to develop smart infrastructure.

Key players- Key players operating in the Enterprise Network Lan Equipment market are Poly Plus Battery Co., Mullen Technologies Inc., Tesla, Inc., Lithium Air Industries, Inc. They are focusing on developing sustainable and innovative solutions to gain competitive advantage.
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