- Rising demand for high-speed network systems and solutions along with the adoption of BYOD methods among business enterprises is expected to boost the market during the forecast period.
- Expansion of data centers and high adoption of cloud-based computing platforms for secured networks by various industrial sectors present another key driver of the market.
- Increasing demand for advanced data center management and high adoption of the Internet of Things (IoT) are likely to fuel the market.
- High cost of the SaaS-based network monitoring solutions and the lack of experts handling these solutions are major restraining factors.
- Massive R&D programs and technological advancements for the development of innovative wireless networking systems are projected to create immense growth opportunities for the market.
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