Press release
Global Network Transformation Market Recent Trends, Future Growth Opportunities, Size, Competitive Landscape And Key Players 2023-2032 | IBM Corp, Fujitsu Ltd., Dell EMC, Ciena Corp, Hewlett Packard Enterprise Co
Network Transformation Market
As per the Network Transformation market report by The Business Research Company, The growing adoption of bring your own device (BYOD) policy in companies is expected to propel the growth of the network transformation market. BYOD policy is when employees connect to the organization's network and access what they need to complete their tasks using their personal devices such as smartphones, tablets, computers, laptops, and others.
The global network transformation market size grew from $38.85 billion in 2022 to $59.89 billion in 2023 at a compound annual growth rate (CAGR) of 54.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The network transformation market size is expected to grow to $346.65 billion in 2027 at a CAGR of 55.1%.
Read More On The Network Transformation Market Report Here:
https://www.thebusinessresearchcompany.com/report/network-transformation-global-market-report
Major competitors in the Network Transformation Market Include IBM Corp, Fujitsu Ltd., Dell EMC, Ciena Corp, Hewlett Packard Enterprise Co, NEC Corp, Juniper Networks Inc., Cisco Systems Inc., Ericsson, Intel Corp, GENBAND, AT&T, Mavenir Systems, Ribbon Communication, and Wipro Limited.
The Network Transformation Market Is Segmented -
• By Solutions: Network Automation, 5G Networks, SDN & NFV, C-RAN
• By Organization Size: Small and Medium Enterprizes, Large Enterprize
• By Vertical: BFSI, Energy and Utility, Government, IT and Telecom, Manufacturing, Retail, Other Verticals. North America was the largest region in the network transformation market in 2022
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The network transformation refer to the process of updating one's core network. Network transformation is a step-by-step approach to reimagining the complete network, including the cloud, WAN, branch, data centers, remote user connection, and network security architecture.
The main solutions provided in the network transformation include network automation, 5G networks, SDN & NFV, and C-RAN. Network automation refers to the process of automating the configuration, management, testing, installation, and administration of physical and virtual network equipment.
The Table Of Content For The Network Transformation Market Include:
1. Executive Summary
2. Network Transformation Market Characteristics
3. Network Transformation Market Trends And Strategies
4. Network Transformation Market - Macro Economic Scenario
5. Network Transformation Market Size And Growth
……
26. Africa Network Transformation Market
27. Network Transformation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Transformation Market
29. Network Transformation Market Future Outlook and Potential Analysis
30. Appendix
The "Global Network Transformation Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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