Healthy growth posted for India's networking market
The Ethernet Switch market in India witnessed a year-on-year growth of 7.2% in vendor revenue.
That’s according to IDC’s APeJ Quarterly Switch and Router tracker of which also discovered year-on-year growth of 31% for the router market.
IDC claims it’s all down to increased spending from both service providers and the enterprise segment in Q2 2016.
The research firm says the Router market witnessed its growth because of investments from service providers segment for 4G rollout expansion.
With regards to Enterprise space, the majority of growth was driven by Professional services, Banking and Discrete Manufacturing units.
Gaurav Sharma, research manager for Enterprise & IPDS – India, the networking market is set to grow on the back of digital initiatives, 4G rollouts and campus, consumer and enterprise need to always stay connected.
“Network is expected to be the next disruptor and the avenue for innovations as organizations look to conquer its space in this highly competitive, analytical and information driven world."
Moving forward, IDC expects the LAN market to grow in single digit in terms of compound annual growth rate (CAGR) for 2015–2020.
BFSI and Government segments are expected to attract incremental growth in the near future. Huge uptake from third party datacenter players is also expected to address the demand for cloud.
The WLAN market is expected to grow in single digit in terms of compound annual growth rate (CAGR) for 2015–2020.