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HPE and Cisco led the global network hardware industry as of 2024. HPE's Aruba Networks accounted for almost ** percent of the market, while Cisco commanded more than a quarter of the market with its range of network products.

Rising network infrastructure and equipment spending globally

IT spending globally has been steadily increasing over the past decade, with an estimated value of nearly * trillion in 2024. In the same year, the network infrastructure market size was valued at nearly *** billion U.S. dollars in 2024, with enterprise spending alone totaling around ** billion U.S. dollars. The network infrastructure market is also expected to increase in the coming years in both the service provider and the enterprise segments. Recently, the U.S. and China were by far the largest spending countries on network infrastructure, with China’s network infrastructure revenue standing at some **** billion U.S. dollars in 2024, while the U.S. market size stood at **** billion U.S. dollars.

Network security market in a growth trajectory

Network security remains an essential pillar of enterprise network infrastructure. Infrastructure security spending was estimated at **** billion U.S. dollars in 2023 and is forecast to exceed ** billion U.S. dollars by 2024. The network security equipment market has been equally growing as well, with around **** billion U.S. dollars in 2023. The main players in the network security equipment market are Palo Alto Networks, Fortinet, and Cisco, among others. Advanced threat prevention, secure email and web gateways, and network access controls are among the main network security technologies currently in use among organizations in 2023.