5.5% growth in India's networking market during Q2: IDC
Friday - October 12, 2018 4:42 pm , Category : BUSINESS
New Delhi Oct 12 (IANS) India's networking market that includes Ethernet switch Routers and WLAN segments witnessed a 5.5 per cent year-on-year (YoY) growth in Q2 2018 with increased investments across the enterprise and service provider deployments the International Data Corp (IDC) said in a report on Friday.According to IDC s latest Asia/Pacific Quarterly Ethernet Switch Tracker the Q2 2018 Ethernet Switch market in India stood at $137.2 million (by vendor revenue) with a YoY growth of 1.2 per cent.While Cisco maintained its top position in the Ethernet Switch market at 57.9 per cent it was followed by Hewlett Packard Enterprise (HPE) and Huawei."Enterprises are progressively adopting high-speed Ethernet switches 25GB and 100GB and software solutions such as SD-WAN to meet the requirements of high bandwidth consumption cloud-based application and growing mobile enterprise endpoints " Ankush Dagar Senior Market Analyst Enterprise Networking IDC India said in a statement."IDC expects this trend to sustain in the coming quarters as Original Equipment Manufacturer s (OEM) design products around these requirements " he added.As per the report the Indian Router market in Q2 2018 stood at $95.4 million (by vendor revenue) with YoY growth of 9.6 per cent in Q2 2018.The service provider deployments observed a double-digit growth in Q2 2018 while the enterprise deployments growth was only marginal the report said.Cisco continues to lead the router market with 58 per cent share in Q2 2018. Nokia and Huawei witnessed a significant YoY growth due to couple of significant wins in Telecom space in Q2 2018.The WLAN market in India stood at $48.2 million (by vendor revenue) in Q2 2018 with a YoY growth of 10.7 per cent.This growth was majorly driven by enterprise and service providers deployments while consumer deployments saw only a marginal growth the report said.The Ethernet Switch Router and WLAN market are expected to grow in single digits in terms of compound annual growth rate (CAGR) for 2017-2022 the report added.