The threat level rises for Cisco Systems - the undisputed king in the global networking hardware industry as the Chinese telecom equipment maker Huawei prepares to enter the U.S and global enterprise market.
Huawei, based in mainland China, happens to be one of the fast growing brand names emerging in the enterprise market, and perhaps one of most grave threat for the dominance Cisco has enjoyed so far in the networking domain.
The company has now slowly and gradually made its presence felt in Silicon Valley. It is reportedly carrying out a massive recruitment drive with the induction of near about 10,000 new workers in order to strengthen its foothold in the US and global enterprise market.
"We're entering a market where many of our competitors are a bit complacent. Smaller players are not really strategic threats because they simply are not big enough. Huawei, on the other hand, is clearly big enough," John Roese, Huawei's senior vice president and general manager of North American R&D said in a statement, NetworkWorld (opens in new tab) reports.
"If we took share from everyone but (Cisco), we wouldn't hit our number," he added.
It is worth mentioning here that, Huawei, which is a $29 billion company, did $2 billion worth business in the enterprise sector last year.