The Network Transformation Market size was valued at USD 52.79 Billion in 2023 and is expected to reach USD 877.5 Billion by 2031 and grow at a CAGR of 42.1% over the forecast period 2024-2031.
Network Transformation provides a platform for enterprises to modernize their information technology infrastructure. The network transformation enables users to assist in cloud-controlled apps and aids in the delivery of massive volumes of data at a lower cost and more efficiently than traditional methods. This upgrading of data management enables less energy and significantly faster data processing.
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The network transformation reconstructs the network architecture on the basis of data center-centric Information and Communication Technology (ICT) infrastructure, where information is stored, managed, and transferred, as well as business transactions and service processing. It provides a platform for organizations to upgrade their information technology infrastructure. It enables users to support a cloud-controlled environment and aids in the transportation of massive volumes of data in a more effective and cost-efficient manner than previous techniques. This type of data transformation allows users to transmit information while using a minimal amount of energy and delivers quicker data processing.
KEY DRIVERS:
Rapid Growth in Bandwidth Demand.
Adoption of BYOD Policy is Growing.
Collaboration Among Industry Leaders for Next-Generation Networking Solution Development and Promotion.
Rise in ITaaS and Virtualization Adoption in the IT Industry.
RESTRAINTS:
Adoption of Next-Generation Networking Solutions is being hampered by security threats.
a lack of expertise and skills in next-generation networking solutions.
OPPORTUNITY:
SME Adoption of Advanced Networking Solutions.
R&D Investments and Positive Results from the 5G Network Testing Phase.
CHALLENGES:
In large network deployments, network scalability is a concern.
The COVID-19 outbreak has caused significant interruptions in day-to-day company operations across industrial verticals throughout the world. Following the outbreak, the implementation of lockdown and other mobility restrictions for several months to prevent the spread of the fatal virus had an influence on the quick alteration of the working culture. During lockdowns and movement restrictions, demand for network-based services skyrocketed. During the pandemic, the deployment of network transformation solutions and services aided enterprises across industry verticals in meeting customer needs. The growing need on networks to function in flexible working hours, work from home environments, the BYOD trend, inconsistent operating infrastructures, fast digital transformation across end-use verticals and other factors damaged network capabilities.
MARKET ESTIMATION:
In 2021, SDN and NFV solutions will lead the network transformation market and account for the highest revenue share. By detaching the data planes and control, freeing applications from the original network hardware, and centralizing network intelligence, Software Defined Networking alters the Wide Area Network design. Telecom operators may improve network programmability, control, and automation by installing SDN and NFV data centers. Because 5G networks are a critical component of network transformation, they are predicted to be the fastest expanding category throughout the projection period. The majority of the world's 5G networks are now in testing and development. The route to 5G includes the joint goal of supporting various access networks that are visible to end users.
In 2021, the professional services category will lead the market and account for the lion's share of worldwide service revenue. Professional services assist enterprises in a variety of industries in improving network performance and agility. Professional services assist enterprises in developing a more secure and improved network environment that supports the enterprise's development goal while including the convergence of voice, data, and traffic. Over the projected period, the managed services category is predicted to increase at a rapid pace. Factors driving the expansion of managed services include a scarcity of trained personnel and financial restrictions, which lead organizations to use managed services. The increased emphasis on cloud deployment, more automation in IT settings, and ongoing demand for managed services among SMEs are projected to generate a pool of possibilities for managed services companies.
In 2021, the large enterprise segment led the market and had the highest revenue share. The growing number of adversities, such as cyber-attacks caused by ageing network infrastructure, could result in massive data loss, potentially affecting large enterprises. Over the projected period, the Small and Medium Enterprise (SME) category is predicted to grow at the fastest CAGR. The number of SMEs operating in rising economies like India, China, and Japan is growing. As data scalability and security improve, these SMEs are steadily integrating network transformation solutions and services to increase their business capacities.
In 2021, the IT and telecom category led the market, accounting for roughly half of total sales. The IT and telecom market is expanding as a result of enterprises' use of cutting-edge technologies such as big data and machine learning, as well as the deployment of cutting-edge networking infrastructure. Market usage in the manufacturing industry is rapidly increasing as production lines are increasingly automated to improve overall efficiency. As a result, flawless wireless communication among actuators, robots, sensors, and other equipment deployed in production facilities is now required. As a result, the manufacturing sector is predicted to increase significantly throughout the projection period.
On The Basis of Solution
5G Networks
C-RAN
SDN & NFV
On The Basis of Service
Professional Service
Managed Service
On The Basis of Enterprise Size
Large Enterprise
Small & Medium Enterprise
On The Basis of End Use
BFSI
Energy & Utility
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others
During the forecast period, North America is expected to contribute a significant part of the network transformation solutions market. This can be linked to the region's increased use of smart connected gadgets and rising trends such as BYOD. Furthermore, increasing permissions and budgets have prompted a number of multinational companies to make significant investments in the region. Due to the rapid expansion of IT infrastructure and the region's embrace of new technologies, Asia Pacific is predicted to be the fastest expanding market. Numerous firms in the area are likely to contribute to market growth by implementing cloud-based solutions and increasing spending in data protection. Furthermore, rising investments in SMEs by emerging nations such as India and China are likely to drive the market even further.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are NEC Corporation, IBM, Juniper Networks Inc., Fujitsu, Cisco Systems, Inc., Dell, Ericsson, Ciena, Intel Corporation, HPE & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 52.79 Billion |
| Market Size by 2031 | US$ 877.5 Billion |
| CAGR |
CAGR 42.1% From 2023 to 2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Solution (5G Networks, C-RAN, Network Automation, SDN & NFV) • by Service (Professional Service and Managed Service) • by Enterprise Size (Large Enterprise and Small & Medium Enterprise) • by End Use (BFSI, Energy & Utility, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | NEC Corporation, IBM, Juniper Networks Inc., Fujitsu, Cisco Systems, Inc., Dell, Ericsson, Ciena, Intel Corporation, and HPE |
| Key Drivers | •Rapid Growth in Bandwidth Demand. •Adoption of BYOD Policy is Growing. |
| Market Restraints | •Adoption of Next-Generation Networking Solutions is being hampered by security threats. •a lack of expertise and skills in next-generation networking solutions. |
Ans: - The Network Transformation market is size estimated to reach USD 560.90 Bn by 2030.
Ans: - SME Adoption of Advanced Networking Solutions and R&D Investments and Positive Results from the 5G Network Testing Phase.
Ans: - The segments covered in the Network Transformation Market report for study are on the Basis of Solution, Service, Enterprise Size, and End Use.
Ans: - During the forecast period, North America is expected to contribute a significant part of the network transformation solutions market.
Ans: - The primary growth tactics of Network Transformation market participants include merger and acquisition, business expansion, and product launch.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Network Transformation Market Segmentation, by Solution
8.1 5G Networks
8.2 C-RAN
8.3 Network Automation
8.4 SDN & NFV
9. Network Transformation Market Segmentation, by Service
9.1 Professional Service
9.2 Managed Service
10. Network TransformationMarket Segmentation, by Enterprise Size
10.1 Large Enterprise
10.2 Small & Medium Enterprise
11. Network Transformation Market Segmentation, by End Use
11.1 BFSI
11.2 Energy & Utility
11.3 Government
11.4 Healthcare
11.5 IT & Telecom
11.6 Manufacturing
11.7 Retail
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 NEC Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 IBM
13.3 Juniper Networks Inc.
13.4 Fujitsu
13.5 Cisco Systems, Inc.
13.6 Dell
13.7 Ericsson
13.8 Ciena
13.9 Intel Corporation
13.10 HPE
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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