Network Transformation Market Size, Share, Report, Analysis, Trends & Forecast to 2026
Mar 21, 2018
According to Stratistics MRC, the Global Network Transformation Market is accounted for $6.77 billion in 2017 and is expected to reach $417.81 billion by 2026 growing at a CAGR of 58.1% during the forecast period.
Gaithersburg, Maryland,, US - March 21, 2018 /MarketersMedia/ —
Rise in the implementation of the BYOD Policy, increase in the adoption of IT as-a-service (Itaas) and virtualization in the IT Industry and quick demand in bandwidth requirement are some of the key factors fuelling the market growth. However, lack of skills and knowledge in next-generation networking solutions are negatively impacting the growth of the market. The acceptance of advanced networking solutions in SMEs and development of 5G networks is expected to open new business opportunities over the forecast period.
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By solution, network automation segment is driven by the quick development of network infrastructure necessary to support the augmented expansion of network traffic produced by application usage, data, and social media. It develops the safety compliances of the network by automating security compliance. It computerizes the operation, management, testing, arrangement and process of virtual and physical devices inside the network. It also assists in decreasing the network operation price by automating time-consuming and design tasks.
By service, professional services segment assists organizations across a numerous end users to successfully improve performance and quickness of their networks. It also helps venture to produce a highly available, secure and bigger network environment that supports the enterprise expansion vision while accepting the occurrence of voice & data systems and traffic. Deployment and provisioning services are fundamental and the most significant feature of executing network transformation solutions to optimize their network technologies.
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By Geography, North America is anticipated to dominate the largest market share due to increasing trends such as BYOD & growing implementation of smart connected devices & IIoE and increased budgets & allowances have encouraged various global vendors to make considerable investments in the region. Asia Pacific is the highest growing market during the forecast period due to the maximum rate owing to the fast growth of the IT infrastructure and the acceptance of new technologies along with increased funds in large scale infrastructure.
Some of the key players in Network Transformation market include Cisco Systems, Inc., Juniper Networks, Inc., Hewlett Packard Enterprise (HPE) Company, Huawei Technology Co. Ltd., IBM Corporation, NEC Corporation, Intel Corporation, Ericsson, Fujitsu Limited and Accenture Plc.
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Solutions Covered:
• C-Ran
• Network Automation
• 5G Networks
• SDN and NFV
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
Services Covered:
• Managed Services
• Professional Services
End Users Covered:
• Energy and Utilities
• Information Technology (IT)
• Manufacturing
• Media and Entertainment
• Telecom
• Other End Users
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
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Email: [email protected]
Organization: Stratistics Market Research Consulting Pvt Ltd
For more information, please visit http://www.strategymrc.com
Source: MarketersMedia
Release ID: 317459
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