The Computer Networking Industry is experiencing growth due to the increased focus on cloud computing, network security, big data, and cloud storage. The rapid deployment of 5G technology is driving the expansion of the Internet of Things (IoT), Advanced Driver Assistance Systems (ADAS), Augmented Reality/Virtual Reality (AR/VR) devices, and 5G smartphones. Key industry players such as Cisco Systems, Extreme Networks, and RADCOM Ltd. are benefiting from this surge in demand, although supply chain disruptions and component shortages remain concerns. The industry is focusing on IoT sensors, drones, and wearables, driven by the demand for cloud-based contact tracing applications. The adoption of hybrid flexible work models has spurred demand for network-intensive applications, accelerating 5G deployment beyond 2023.
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