Network Transformation Market worth USD 66.86 Billion USD by 2026 with CAGR 61.9% by Key Players | Cisco, Juniper Networks, HPE, Huawei, IBM, Dell EMC, NEC, Intel

Market Size - USD 66.86 Billion in 2019, Market Growth - CAGR of 61.9% between 2019 and 2026, Market Trends - Growing trend of BYOD policy and rise in deployment of ITaaS and virtualization.
The Global Network Transformation Market is estimated to grow from USD 6.01 Billion in 2019 to USD 66.86 Billion by 2026, 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.

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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), AT&T (US), Arista Networks (US), and 6WIND (France).

Lack of proper skills and expertise in enhanced networking systems are the factors acting as restraints for the market during the forecast period.
The Report, "Network Transformation Market by Integrant (Solutions and Services), Solution-Type (SDN and NFV, C-RAN, Network Automation and 5G Networks), Service-Type (Professional Service, Managed Services (Network Monetization, Network Management, Network Testing), Industry Vertical, and Region - Global Forecast to 2026 - Global Forecast to 2026 is forecasted to reach USD 66.86 Billion by 2026"

Segments covered in the report:
Network Transformation Market, By Integrant (Revenue, USD Million; 2016-2026)
o Solutions
o Services

Network Transformation Market, By Solution-Type (Revenue, USD Million; 2016-2026)
o SDN and NFV
o Software
o Physical Appliances
o C-Ran
o Centralization
o Virtualization
o Network Automation
o 5G Networks

Network Transformation Market, By Service-Type (Revenue, USD Million; 2016-2026)
o Professional Services
o Deployment and Provisioning
o Consulting
o Integration
o Transformation Optimization
o Wireless Infrastructure Management
o Managed Services
o Network Monetization
o Network Management
o Network Testing
o Network Audit

Network Transformation Market, By Company Size (Revenue, USD Million; 2016-2026)
o Large Enterprises
o Small and Medium-Sized Enterprise

Network Transformation Market, By Industry Vertical (Revenue, USD Million; 2016-2026)
o Manufacturing
o Information Technology
o Telecom
o Media and Entertainment
o Energy and Utilities
o Others

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Network Transformation Market, By Region (Revenue, USD Million; 2016-2026)

o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o The Global Network Transformation Market is estimated to grow from USD 6.01 Billion in 2019 to USD 66.86 Billion by 2026, 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.
o 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.
o The NFV and SDN solution segment is expected to hold the largest market with revenue of USD 4.8 Billion in 2026, at a CAGR of 69% from 2019-2026. 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.
o 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.
o North America is estimated to have revenue of USD 7.5 Billion in 2026, at a CAGR of 71% from 2019 to 2026, 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.

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o Market segments segregated on the basis of type, application, and geography
o Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
o Investigation of significant developments in the market dynamics
o Market segments and regions

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