The Global Network Transformation Market was valued at USD 4.32 billion in 2016 and is projected to reach USD 332.17 billion by 2025, growing at a CAGR of 62.01% from 2017 to 2025.
Network Transformation provides a roadmap for the enterprise to modernize its information technology infrastructure, focusing on cost reduction, performance improvement and cloud enablement. Enterprise should follow the network transformation if they are unable to overcome network latency and poor performance, high costs related to network operation, etc.
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1. Market Drivers
1.1 Increasing BYOD Adoption
1.2 Growing Bandwidth Requirement
1.3 Enhancement of Networking Solutions
1.4 Development of Next-Generation Networking Solutions
2. Market Restraints
2.1 Security Threats
2.2 Network Scalability
The Global Network Transformation Market is segmented on the basis of organization size, component, verticals, and region.
1. By Organization Size:
1.1 Large Companies
1.2 Mid-sized Companies
1.3 Small Companies
2. By Component:
2.1.1 Centralization and Virtualization
2.1.2 Physical Appliances
2.1.3 5G Networks
2.1.4 Network Automation
2.2.1 Managed Services
2.2.2 Professional Services
3. By Vertical:
3.1 Media and Entertainment
3.2 Energy and Utilities
3.4 Telecommunication and IT
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of the World
The major players in the market are as follows:
1. Juniper Networks
2. Nokia Networks
7. IBM Corporation
12. Cisco Systems
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Network Transformation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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