Network Transformation Market Size Expected to Reach USD 108.24 billion USD by 2027

The primary factors that are driving the rise of this market are the extensive demand for bandwidth requirement.

Market Size – USD 3.71 billion in 2019, Market Growth - CAGR of 61.9% between 2019 and 2027, 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 3.71 billion in 2019 to USD 108.24 billion by 2027, 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.

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

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1140

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 108.24 billion by 2027, 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.

The Report, “Network Transformation Market” is available now to Reports And Data customers and can also be purchased directly at: https://www.reportsanddata.com/report-detail/network-transformation-market

Segments covered in the report:

Network Transformation Market, By Integrant (Revenue, USD Million; 2017–2027)

Solutions
Services

Network Transformation Market, By Solution-Type (Revenue, USD Million; 2017–2027)

SDN and NFV
Software
Physical Appliances
C-Ran
Centralization
Virtualization
Network Automation
5G Networks

Network Transformation Market, By Service-Type (Revenue, USD Million; 2017–2027)

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; 2017–2027)

Large Enterprises
Small and Medium-Sized Enterprise 

Network Transformation Market, By Industry Vertical (Revenue, USD Million; 2017–2027)

Manufacturing
Information Technology
Telecom
Media and Entertainment
Energy and Utilities
Others

Network Transformation Market, By Region (Revenue, USD Million; 2017–2027)

North America
Europe
APAC
Latin America
Middle East & Africa

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1140

Table of Content:
Highlights of the TOC:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Network Transformation Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
          4.2.3. Market restraints analysis
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
Chapter 5. Competitive Landscape
    5.1. Market Revenue Share By Manufacturers
    5.2. Manufacturing Cost Breakdown Analysis
    5.3. Mergers & Acquisitions
    5.4. Market positioning
    5.5. Strategy Benchmarking
    5.6. Vendor Landscape

Continue……

Finally, all aspects of the Network Transformation market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

Visit our Blog for more Industry Updates :

Top 10 Leading HD Security Camera Companies : @ https://reportsanddata.com/blog/2020s-top-10-leading-HD-security-camera-companies-in-the-world

Top 10 Leading Connected TV Device Companies : @ https://reportsanddata.com/blog/2020s-top-10-leading-connected-tv-device-companies-in-the-world

Key Advantages of Video Analytics in Security and Surveillance : @ https://reportsanddata.com/blog/key-advantages-of-video-analytics-in-security-and-surveillance

Cloud Kitchen : @ https://reportsanddata.com/blog/cloud-kitchen-the-delivery-only-business-model-braves-the-pandemic

Top 8 Trends That Will Shape the Robotics Industry In 2021 : @ https://www.reportsanddata.com/blog/top-8-robotics-industry-trends

Contact Us:

John W
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370
Reports and Data | Web: www.reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.