Enterprise IT vendor Huawei has posted 89.4 percent revenue growth in the enterprise LAN & WLAN market during the third quarter of 2013.
This makes Huawei the second largest enterprise traditional router vendor and the fifth largest Ethernet switch vendor in the global enterprise networking market, said research firm Gartner.
Huawei supplies products ranging from Data Center Switches, to Campus Switches and small scale products like SOHO & SMB Switches.
Huawei made this announcement when its rival Alcatel-Lucent deciding to exit from the enterprise business.
Gartner says Huawei Enterprise posted 89.4 percent year-on-year growth in overall networking equipment market, thereby making Huawei Enterprise the fifth largest vendor in terms of revenue market share.
Huawei is also the second largest global vendor in the Router market with a market size of $98.5 million worldwide, and 61.3 percent growth in revenue in Q3 2013
The Chinese vendor has become the fifth largest vendor revenue market share in overall Enterprise Switches market, with $90.3 million market size, and 103.3 percent yoy growth from Q3 2012 to Q3 2013.
Huawei is the fourth largest vendor revenue market share in 1000 Mbps Ethernet switch market, 111.2 percent growth in the same time period against credible competitors.
Gartner’s Enterprise Networking Equipment Market report pegs the networking equipment market at $9.3 billion globally in the third quarter of 2013, with an annual growth rate of 9.1 percent compared to Q3 2012.
The report highlights Huawei as the 5thlargest networking equipment vendor in the world, with a market share of $216.3 million of the total market.
“Repeated and consistent efforts to renew and specialize in cutting edge technology products and solutions are driving the growth of Huawei Enterprise in the networking market,” said Puneet Soni, head – Marketing, Huawei Enterprise India.