target audience: TECH SUPPLIER Publication date: Apr 2023 - Document type: Market Forecast - Doc Document number: # EUR150312223
European Enterprise Network Equipment Forecast, 2023–2027
This IDC Market Forecast discusses the European enterprise networking market. The market saw continued strong performance in 2022; however, it is forecast to experience a correction in 2023 before returning to more normal, previously seen growth rates through the forecast period.
"2022 was the first nearly normal post-COVID-19 year, and it was a boom market for enterprise networking equipment sales. Exceptional market performance was driven as much by supply chain concerns — with enterprises buying what they could when they could — as by campus and datacenter refreshes. Given this trend, coupled with general recession worries across Europe, IDC predicts that the market will cool off in 2023 as enterprises focus on implementing what they have ordered and that markets will return to a long-term normal growth pattern for the rest of the forecast period," said Len Padilla, senior research director, European Networking and Life-Cycle Services.