Campus Networking Equipment Global Market to 2028: Surging Adoption of Cloud Based Services Fuels the Sector
DUBLIN, April 13, 2023 /PRNewswire/ -- The "Global Campus Networking Equipment Market: Analysis By Product (Ethernet Switch, Router And WLAN), By Region Size And Trends With Impact Of COVID-19 And Forecast Up To 2028" report has been added to ResearchAndMarkets.com's offering.
The global campus networking equipment market in 2022 was valued at US$31.14 billion. The market value is anticipated to grow to US$40.55 billion by 2028.
Campus networking equipment refers to the hardware and software components used to build and manage the local area network (LAN) in a campus environment, such as a university, office park, or corporate campus. Campus networking effectively consists of three products: ethernet switches, routers, and WLAN equipment.
The market value is expected to grow at a CAGR of 4.50% during the forecast period of 2023-2028, with ethernet switch segment being the dominant type owing to increasing demand for reliable, secure, and high-speed networks.
WLAN equipment market is expected to witness highest CAGR during forecasted years. With the increasing use of mobile devices such as smartphones, tablets, and laptops, there is a growing demand for wireless networks that can provide high-speed internet access and connectivity.
The COVID-19 pandemic led to lockdown across all the countries, forcing the educational and governmental institutions to close down their premises. This led to slowdown in new construction projects and building renovations, which has impacted the demand for networking equipment used in campus environments.
As a result, many companies in the market have reported decreased sales and revenue in 2020. One of the primary challenges has been disruptions in global supply chains, as manufacturers and suppliers have had to deal with lockdowns, restrictions on travel and transportation, and workforce disruptions. This has led to delays in production and delivery of networking equipment, which has impacted the ability of organizations to upgrade or expand their network infrastructure.
Global campus networking equipment market is a consolidated market with Cisco's dominance of the campus market has waned over the last decade. After Cisco, HPE with their Aruba products are the only other vendor (outside of Huawei/China) with a significant amount of share in the campus market.
Arista has a great opportunity to grow from a small base. Arista is currently a small player in the campus market, but their data center switching leadership has given them a solid platform to expand from as they have largely had success in converting data center customers into campus customers.
The key players in the global campus networking equipment market are:
Enterprise WLAN market is also expected to enjoy a higher five-year growth rate as corporate campuses increasingly transition to wireless technology. Cisco is currently the largest enterprise WLAN company by a wide margin, while TP-Link and CommScope are the two largest players in the market.
Key Topics Covered:
1. Executive Summary
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