Enterprise Communication Infrastructure Market size was over USD 81.51 Billion in 2023 and is anticipated to reach USD 490.29 Billion by 2036, witnessing around 14.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of enterprise communication infrastructure is assessed at USD 92.02 Billion. The growth of the market can be attributed to the worldwide increasing IT expenditure of companies. For instance, global IT expenditure is projected to hit approximately USD 4.9 trillion in 2023, a 5% from 2022. Besides this, the escalating ratio of data traffic is also anticipated to boost the growth of the global enterprise communication infrastructure market during the forecast period.
In addition to these, factors that are believed to fuel the market growth of enterprise communication infrastructure include the rise in the adoption of new technologies such as IoT, cloud reparation, and so on in enterprise communication. These emerging technologies are efficient in faster communication and network within the applications. For instance, around 15% of new enterprise IT infrastructure is estimated to deploy edge computing by the end of 2023. In addition to this, the dynamic surge in the adoption of edge computing is also estimated to propel market growth in the coming years.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
14.8% |
Base Year Market Size (2023) |
USD 81.51 Billion |
Forecast Year Market Size (2036) |
USD 490.29 Billion |
Regional Scope |
|
Type (Public, Private, Hybrid)
The global enterprise communication infrastructure market is segmented and analyzed for demand and supply by type into public, private, and hybrid. Out of these three types of segments, the private segment is estimated to gain the largest market share of about 71% in the year 2036. The growth of the segment can be attributed to the potential of lowering the dependence on a specific service provider, along with delivering full control over operating processes. In addition to this, a private network fulfills the best requirements of an organization regarding security concerns. For instance, in the third quarter of 2022, the worldwide ratio of organizations and government departments deployed private networks exceeded around 978, up from 884 at the end of June and 728 at the end of 2021. Moreover, the advantage of customization as per the requirements of an organization is another major factor that is projected to gain the traction of businesses for the increased implementation of the private network during the projected time frame. Hence, this factor is also anticipated to drive segment growth during the forecast period.
Deployment (Cloud, On-Premises)
The global enterprise communication infrastructure market is also segmented and analyzed for demand and supply by deployment into the cloud, and on-premises. Amongst these two segments, the on-premises segment is expected to garner a significant share of around 65% in the year 2036. The growth of the segment can be attributed to the dynamically rising preference for in-house IT solutions, along with having full-fledged control over hardware and software platforms for upgradation, and configuration.
Our in-depth analysis of the global market includes the following segments:
By Type |
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By Deployment |
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By End-User |
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North American Market Forecast
The North American enterprise communication infrastructure market, amongst the market in all the other regions, is projected to hold the largest market share of about 42% by the end of 2036. The growth of the market can be attributed majorly to the early adoption of technologies in the United States, the high implementation of the cloud, and rising investments in innovating and adding additional services to the offerings by IT companies in the region. For instance, as of now, more than 50% of government organizations in the United States are using the cloud. The public spending on cloud in the country was also evaluated to rise by more than 17% by the end of 2021. In addition to this, the strong presence of major market players, coupled with the expanding deployment of 5G technology is also estimated to propel the market growth further in the region during the forecast period.
APAC Market Statistics
The Asia Pacific enterprise communication infrastructure market, amongst the market in all the other regions, is projected to hold the second largest share of about 21% during the forecast period. The growth of the market can be attributed majorly to the rapid technological advancements in the IT sector, and the rising adoption of 5G in numerous nations of the region. For instance, South Korea gained the greatest 5G accessibility in the Asia Pacific region in 2022, with users connected to 5G grossing nearly 31.8% of the time. Moreover, the growing establishment of technological startups and robust rate of industrialization in the region are also estimated to fuel the market growth in the region in the coming years. In addition to this, the surging ratio of cloud computing, and the growing trend of BYOD in organizations are also estimated to skyrocket the growth of the enterprise communication infrastructure market in the APAC region during the projected time frame.
Europe Market Forecast
Further, the market in the European region, amongst the market in all the other regions, is projected to hold a considerable share of about 16% by the end of 2036. The growth of the market can be attributed majorly to the increasing penetration of the internet, coupled with the surging deployment of advanced networking solutions by enterprises are also estimated to spur the market growth. Moreover, numerous organizations have been using managed IT solutions in the European region and this ratio is estimated to rise more in the upcoming years. This as a factor, is also estimated to add more growth opportunities to the enterprise communication infrastructure market in the region over the forecast period.
Cisco Systems, Inc. has partnered with NTT Ltd. to develop the technology and manage services that would help enterprise customers to successfully implement Private 5G and improve objectives. By employing Intel hardware and NTT's first-to-market Managed Private 5G solution, the organizations hope to boost edge connection.
Avaya Inc. disclosed its strategic collaboration with ALE International to enhance the cloud migration of its clients. This partnership is anticipated to broaden the availability of Avaya's OneCloud CCaaS (Contact Center as a Service) configurable services to ALE's worldwide client base, and also the same is estimated to provide ALE's digital networking solutions available to Avaya customers globally.
Author Credits: Abhishek Verma
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