Juniper Networks, Inc. (JNPR) in Sunnyvale, Calif., designs, develops, and sells network products and services worldwide. The company offers ACX series universal access routers, MX series Ethernet routers, PTX series packet transport routers, wide-area network SDN controllers, and session smart routers. In comparison, Arista Networks, Inc. (ANET) in Santa Clara, Calif., develops, markets, and sells cloud networking solutions. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, and gigabit Ethernet switching and routing platforms.
Networking solutions are in high demand because vast amounts of data are being uploaded to the cloud due in-part to the increasing adoption of hybrid working trends. The trend is expected to continue owing to the resurgence of COVID-19 cases and the rising penetration of the internet of things (IoT) worldwide. Furthermore, the growing need for businesses to go digital to remain competitive is expected to increase the demand for agile networks, driving the network industry's growth. According to a report by Markets and Markets, the global network-as-a-service (NaaS) market is expected to grow at a 9.4% CAGR through 2026. Therefore, both JNPR and ANET should benefit.
