The cost of the enterprise networking market worldwide is expected to be worth $64.63 (£44.66) billion in eight years’ time, as Research and Markets brings out in their latest forecast reports.
Amongst the main reasons for this forecasted growth is the expected increase of virtualisation technologies such as cloud computing, as organisations and companies look to bring down how much it costs them to store their data.
The continuing demand for devices that can access the Internet is also a key player for growth, as is the proliferation of wireless devices entering the market.
A steady increase in demand from countries such as India, Japan and China and developing IT infrastructure globally are also likely to spur on the enterprise networking market.
As consumers get used to a certain standard, companies look to raise this as increased bandwidth is rolled out in many locations, allowing users to get more from their Internet providers. The trend of moving towards wireless Internet devices continues to pick up steam, but growth in the market will likely be tapered by worries over security measures and the ability to manage these complex networks efficiently.
New and advanced technologies will also spur on the market as and when they emerge. Switches will continue to be an important asset to the market, as 100G Ethernet switches are due to come to the fore in the near future. New 802.11 ac standards, which are wireless network standards that guarantee specific bandwidths amongst other features, are also set to be implemented.
Future developments are expected to increase potential reach for businesses to present their branding and content to a wider array of consumers and get in touch with more of an audience.
As wireless Internet capability continues to develop, it is clear that this trend shows the desire to give everyone the ability to access the Internet wherever they are. This changes the way that content is marketed as more and more people start to get access to suitable Internet connectivity. The increase in those working freelance and as contractors means that effective wireless connections are becoming more important.
