The Global Network Transformation Market is estimated to grow from USD 5.96 Billion in 2020 to USD 279.31 Billion by 2028, at a CAGR of 61.9%. The primary factors that are driving the rise of this market are the extensive demand for bandwidth requirement.
Other factors responsible for the boost in the market are the rising trend of Bring Your Own Device (BYOD) policy, rise in deployment of IT as a service (ITaaS) and virtualization, and the partnership among market players for the development and promotion of enhanced networking systems.
Lack of proper skills and expertise in enhanced networking systems are the factors acting as restraints for the market during the forecast period.
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Further key findings from the report suggest
- The Global Network Transformation Market is estimated to grow from USD 6.01 Billion in 2019 to USD 279.31 Billion by 2028, at a CAGR of 61.9%. The primary factors attributing to the growth of the market are the extensive demand for bandwidth requirement, the rising trend of Bring Your Own Device (BYOD) policy, rise in deployment of IT as a service (ITaaS) and virtualization, and the partnership among market players for the development and promotion of enhanced networking systems.
- On the basis of integrant (solutions and services), organization sizes, verticals, and regions. Solutions segment is further segmented into Software Defined Networking (SDN) and Network Functions Virtualization (NFV), Network Automation and C-RAN.
- The NFV and SDN solution segment is expected to hold the largest market with revenue of USD 4.8 Billion in 2027, at a CAGR of 69% from 2019-2027. SDN changes the Wide Area Network (WAN) design by de-coupling the control and data planes, abstracting applications and centralizing network intelligence from the underlying network infrastructure. By using SDN data centers, telecom operators can install enhanced network programmability, automation, and control over their network. Also, SDN enhances the scalability and flexibility of WAN which later improves the network performance and availability.
- The network transformation market is forecasted to witness growth because of the increasing partnerships and joint ventures among industry players for the development enhanced networking systems; and a growing adoption rate of ITaaS, BYOD policy, and virtualization.
- North America is estimated to have revenue of USD 7.5 Billion in 2027, at a CAGR of 71% from 2019 to 2027, the largest market share in the network transformation market. Major factors responsible for the growth in the market are increasing trend of BYOD, deployment of smart connected devices. Organizations in the US have deployed new technology systems for upgrading the manageability and flexibility needed for adding new network capabilities and capacity.
- Major companies in the market are Cisco (US), Juniper Networks(US), HPE (US), Huawei (China), IBM (US), Dell EMC (US), NEC (Japan), Intel (US), Ericsson (Sweden), Samsung (South Korea), FUJITSU (Japan), Ciena (US), Accenture (US), GENBAND (US), ATT (US), Arista Networks (US), and 6WIND (France).
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Market Segmentation:
The global Network Transformation market report covers a detailed analysis of the market segmentation to provide key insights into the scope of the market expansion. The global Network Transformation market has been segregated on the basis of product types, applications, end-users, and key regions of the industry.
Network Transformation Market, By Integrant (Revenue, USD Million; 2018–2028)
- Solutions
- Services
Network Transformation Market, By Solution-Type (Revenue, USD Million; 2018–2028)
- SDN and NFV
- Software
- Physical Appliances
- C-Ran
- Centralization
- Virtualization
- Network Automation
- 5G Networks
Network Transformation Market, By Service-Type (Revenue, USD Million; 2018–2028)
- Professional Services
- Deployment and Provisioning
- Consulting
- Integration
- Transformation Optimization
- Wireless Infrastructure Management
- Managed Services
- Network Monetization
- Network Management
- Network Testing
- Network Audit
Network Transformation Market, By Company Size (Revenue, USD Million; 2018–2028)
- Large Enterprises
- Small and Medium-Sized Enterprise
Network Transformation Market, By Industry Vertical (Revenue, USD Million; 2018–2028)
- Manufacturing
- Information Technology
- Telecom
- Media and Entertainment
- Energy and Utilities
- Others
Regional Analysis:
The regional bifurcation of the Network Transformation market report is a comprehensive segment that covers a thorough analysis of the market dynamics and offers critical insights on import/export ratio, supply and demand dynamics, revenue share, market size, market share, industry analysis, production and consumption patterns, and the current and emerging trends of each region. The report also offers a country-wise analysis to confer a better understanding of the market.
The prominent geographical regions of the market include:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Network Transformation market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Network Transformation market size
2.2 Latest Network Transformation market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Network Transformation market key players
3.2 Global Network Transformation size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Network Transformation market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Continue…
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