Networking Market to Grow

After experiencing 17.7 percent growth in 1998, the networking equipment market is expected to grow 15.5 percent in 1999, according to a report by Cahners In-Stat Group.

After experiencing 17.7 percent growth in 1998, the networking equipment market is expected to grow 15.5 percent in 1999, according to a report by Cahners In-Stat Group.

The report, “State of the Networking Equipment Market,” found that the growth of networking equipment will slow slightly in 1999 due to softening demand in the third and fourth quarters caused by purchasing freezes of Y2K-wary enterprises. Cahners In-Stat predicts slightly negative growth of 1.8 percent in Q4 1999.

North America continues to drive networking revenues with $16.5 billion in 1998, according to Cahners. The top three vendors in the network market, Cisco, 3Com, and Nortel, represented 50 percent of the revenue in 1998, with Cisco taking the top spot with 29.2 percent share.

Revenues in 1999 will be driven by LAN switching, access concentrators, and ATM WAN switching, according to Cahners.

Subscribe to get your daily business insights

Engagement To Empowerment - Winning in Today's Experience Economy
Report | Digital Transformation

Engagement To Empowerment - Winning in Today's Experience Economy

2y

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource
Announcement Alert from Lee Arthur
Weekly briefing | Digital Transformation

Announcement Alert from Lee Arthur

2y

Announcement Alert from Lee Arthur

Announcement Alert!! Read More

View resource
The 2023 B2B Superpowers Index
Whitepaper | Digital Transformation

The 2023 B2B Superpowers Index

3y

The 2023 B2B Superpowers Index

The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...

View resource
Impact of SEO and Content Marketing
Whitepaper | Digital Transformation

Impact of SEO and Content Marketing

3y

Impact of SEO and Content Marketing

Making forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...

View resource