Scope and functionalities of the network market

Networks are the frameworks that support almost all global connectivity, both at the corporate level and at the personal level.

As technological innovations like the Internet of Things (IoT), cloud computing, and advanced computing continue to grow in their use cases, as does the overall capacity and sophistication of networking.

Read on to learn all about the networking market and how networks can be used to improve several aspects of business connectivity:

A closer look at the network market

The network market

Networking is a broad category that includes several sub-markets, such as software-defined network (SDN) market and Secure Access Service Edge (SASE) as well as the market for more traditional hardware-based networks, such as switches.

It is also important to note that the network use cases should be divided into corporate network and consumer network categories. Enterprise network architecture, such as 5G private and SDN, is paid and maintained by a company for its business needs with the help of vendors. Consumer networking is offered by a provider to individuals and households.

The enterprise networking market reached approximately $ 50.6 billion in 2020 and is expected to grow to $ 64.6 billion by 2024, according to a report by Grand View Search.

Network components

Because there are many different types of networks and networking strategies, the components that make up each network use case differ.

However, most network configurations include more than one of the following components:

  • Network nodes: data communication, redistribution, and delivery points that work closely with network protocol instructions.
  • Network links: physical and wireless connectors between network nodes.
  • Network overlays: particularly in an SDN or virtual network, virtual layers allow separate networking actions to run on top of each other.
  • Switches: a traditional piece of hardware that connects network devices and their data through packet switching.
  • Routers: Similar to switches but on a larger scale, routers use packet data transfer to connect different networks and their information to each other.
  • Network protocols: the guide which defines the rules for data transmission through the network.
  • Network topology: the layout or map that shows how nodes and links are connected on a network.

Learn more: Network as a Service (NaaS) Guide

Benefits of networking

LAN and WAN flexibility

Two common types of networks are local area network (LAN) and the wide area network (WAN). Local area networks help organizations and their users to work together through common protocols and shared connectivity in a limited area. WANs help users around the world work together on the same network without experiencing major delays, thanks to high-speed broadband connectivity.

Cloud management and legacy applications

Application performance management and updates are much easier when all tools can be reviewed at the same time. Using network infrastructure and tools such as dashboards, network administrators and other technical team members can use their network resources to manage business applications important to their teams.

Data security

Because of the greater visibility of data that networking tools provide to team leaders, they can easily investigate and resolve security issues on network devices and users. Many networking companies also offer specific security and compliance solutions that integrate with their networking products.

Learn more about network security: Network security market

Company-wide collaboration

Rather than working in silos, networks allow users to virtually share their projects and other corporate resources.

Performance and troubleshooting

Network management and monitoring tools allow technology professionals to examine business resources and assess problems before they arise.

Networking use cases

“NSX was ideal for a use case where we needed a few host servers to run small to medium sized applications for a health authority. It was easy to design and implement in an on-premises data center… Easy to learn the concepts of software-defined networking with NSX, the new vSphere platform, and other management suites vRealize operations with flexible connectors for the management of legacy traditional services and operations-related products and services. The ability to design network segregation between different applications was best for our organization to granularly control data center traffic in our IT landscape. -architect of solutions in the finance and health sectors, review of VMware NSX Data Center

“As part of our data center refresh project, we had to refresh our fleet of top-of-rack switches at two data centers from HPE to Arista. This solution was part of a longer-term strategy to refresh the Cisco Nexus core switch stack to Arista spine and leaf technology. As a result, rather than having multiple vendor capabilities or inconsistencies across two data centers, we limit ourselves to one vendor and keep overall manageability simple. In addition, it allowed the whole team to familiarize themselves with automation by automating the deployment of switches using the Cloudvision tool. Global deployment was seen as one of the smoothest and most effective migration activities the organization has ever experienced, from the bidding process to operational handover. – senior consultant in the service sector, review of Arista switches

Network providers

The networking market is saturated with a variety of holistic solutions, both hardware and software.

Some of the best providers in the networking market are listed below:

  • Cisco
  • Arista
  • Juniper
  • NETGEAR
  • VMware
  • HPE
  • Alcatel Lucent
  • Extreme networks
  • Dell Technologies
  • Broadcom

Read more : Top 10 Business Networking Companies


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