Rising Internet Usage & Better Connectivity to Boost Market Prospects, According to a New Report by Global Industry Analysts, Inc.

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Worldwide market for network hardware and software products is set to grow, driven by increasing expenditure on information technology, and rising significance of the Internet. Increasing emphasis on IT services in developing countries is anticipated to foster the installation of network hardware and software, for facilitating faster and efficient network operations.

Networking Hardware And Software: A Global Outlook

Growth in the network hardware and software industry is primarily driven by the rising utilization of Internet as a medium of communication and trading. With companies and commercial businesses seeking better connectivity with suppliers and customers on a global level, the need for efficient, faster and cost-effective hardware and software is rising. Increased spending on information technology (IT), trend towards outsourcing of operations, rising penetration of personal computers are among other factors fuelling growth in the industry.

Developing countries of Asia-Pacific, Latin America, and Eastern Europe present optimistic prospects for the worldwide network hardware and software industry, driven by increased spending on IT infrastructure and services. Asia-Pacific, in particular, is anticipated to expand rapidly, assisted by growth in sectors such as e-commerce, Internet, networking applications, and remote network management. With telecommunication companies in Asia-Pacific presently engaged in augmenting optical fiber network to address the increasing requirements of Internet users, enormous demand is anticipated for network hardware and software installations that can efficiently handle the growing Internet traffic.

Rising demand for efficient connectivity, emergence of new applications based on Internet Protocol (IP) and rising security-related concerns of businesses are expected to propel sales in the network and data communications equipment market. The need for increased mobility and flexibility, and data security within organizational environmental is contributing to the expansion of wireless LAN equipment market, with products such as hubs, switches and routers generating higher revenues. Growing requirements related to remote access connectivity, e-commerce, Intranet and Internet is expected to generate additional demand for greater bandwidth and higher speed in the LAN market.

Low prices and intense competition characterize the lower range server segment, restricting growth in the market. However, potential opportunities are anticipated from the rising need for integrated business solutions such as customer relationship management (CRM), and other Internet-based technologies. Network software market is also gearing up for the anticipated increase in demand, owing to rising significance of products such as security management software, anti-virus software, and firewalls. Expansion of the Internet, Intranet, and virtual private networks (VPNs) and the resultant increase in secure B2B and B2C transactions has brought to fore the importance of security software.

The report titled "Networking Hardware And Software: A Global Outlook" provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a brief overview of select segments that make up the networking hardware, and software industry. Annotated, and punctuated with 18 data rich tables, and easy to understand charts and graphs, the discussion on the US market captures the prevailing scenario with numerical statistics examining expenditures on Virtual Private Network technology by small-scale businesses, shipments of licensed Network/Server Operating Systems, and sales of LAN Switches, LMDS/MMDS Equipments, and Firewall Software and Virtual Private Network (VPN) Hardware, among others. Other regional markets briefly discussed include Japan, Europe, and Asia Pacific, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 593 companies worldwide.

For more details about this research report, please visit
http://www.strategyr.com/Networking_Hardware_and_Software_IT_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

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