Network Transformation Market Analysis

Network Transformation Market Insights

The global network transformation market is anticipated to grow at a CAGR of more than 60 % over the forecast period due to increased adoption of BYOD along with the remote workplace management trends.

Network operators are adopting advanced network environments such as next generation and 4G. Various organizations are encouraging their employees to bring their own devices to work. This has raised the demand for high-performing networks that can incorporate a variety of applications, which in turn is anticipated to increase the overall market growth.

Factors such as growth & advancement of next-generation networking solutions, increased use of ITaaS coupled with growing demand for bandwidth are anticipated to bode well for overall network transformation market growth.

Lack of skills and expertise in next-generation networking solutions are few of the factors which are likely to hamper the market growth. The latest developments, new product launches, and acquisitions undertaken by the major market players are projected to stimulate the growth of the market.

Network Transformation Market: Component Insights

The network transformation market is divided into solutions and services. The services application segment is sub divided into professional Services and managed Services. The solutions segment is further divided into SDN & NFV, C-Ran, Network Automation, and 5G Networks. The growth of SDN & NFV segment is ascribed to optimized use of network resources.

SDN solution empowers cloud strategy to deliver an application in a very short span of time. It also enhances network operations along with quick and easy access to data. SDN & NFV are mostly used in data centers. However, the deployment of SDN & NFV is projected to increase in branches and campus networks over the forecast period.

Network Transformation Market: Organization Size Insights

Based on organization size, the industry is segmented into large enterprises and small and medium-sized enterprises. Enterprises with more than 1,000 employees are considered as large enterprises. Such organizations have an extensive corporate network coupled with a number of revenue streams.

Large enterprises have their customers’ worldwide, technical skills, and effective business strategies. However, factors such as economies of scale, region, and language among others are projected to restrain the growth of these large enterprises.

Network Transformation Market: Vertical Insights

On the basis of verticals, the network transformation market is segmented into manufacturing, information technology (IT), telecom, media & entertainment, and energy & utilities among others. The IT and Telecom application segments are likely to grow over the forecast period. The network transformation recreates the network architecture based on data center-centric ICT infrastructure, where data is stored, modified, and exchanged.

Network Transformation Market: Regional Insights

North America is anticipated to account for the largest market share in the network transformation market over the coming years. The regional growth is attributed to factors such as rising adoption of smart connected devices, BYOD, and IIoE.
Asia Pacific is projected to experience a lucrative growth in the network transformation market over the forecast period. Countries such as India, China, Japan, Australia, and Singapore are taking strategic initiatives to improve their IT infrastructure enabling commercial users and telecom service providers to adopt this technology.

Network Transformation Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from Network Transformation Market. The major consumers of the product are Verizon Communications Inc., America Movil and Telefonica S.A.

Network Transformation Market: Competitive Scenario

Key players profiled in the network transformation market include Cisco, Juniper Networks, IBM, Dell EMC, NEC, Intel, Nokia Networks, Ericsson, Huawei, Samsung, FUJITSU, Ciena, Accenture, GENBAND, AT&T, Arista Networks, and 6WINDS amongst others.

Please note: This is not an exhaustive list of companies profiled in the report.