In This Article:
Network Transformation Market Few Key Players Cisco Systems, Inc., Juniper Networks, Inc, HPE Company, IBM Corporation
Luton, Bedfordshire, United Kingdom, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Network Transformation market.
Network Transformation Market are scheduled to accelerate at a high CAGR of 40% to reach above US$140 Billion by 2029
Network transformation enables businesses to automate their networks so they can quickly supply new, sophisticated services and provide customers a great user experience. This is accomplished, among other things, through the use of cloud-based services, new applications, automation technologies, and connected devices. The network transformation market offers a number of advantages, such as improved transparency and control, standardised services, quick deployment cycles, faster site connectivity that enables agile business of digital services, customer-oriented product offerings for superior user satisfaction, increased productivity in day-to-day business operations, greater network security to comply with regulatory requirements, increased cloud adoption through cloud exchanges, and more.
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The primary solutions offered in the network transformation are C-RAN, SDN & NFV, 5G networks, and network automation. The process of automating the configuration, management, testing, installation, and administration of physical and virtual network equipment is referred to as network automation. These parts are offered to both small and large businesses in a variety of sectors, including BFSI, energy and utility, government, IT and telecom, manufacturing, and retail.
Latest Innovations in Global Network Transformation Market:
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In March 2021, Cisco launched Cisco Plus, a step toward network as a service. According to Cisco, Cisco Plus will offer as-a-service models for its networking, compute, and storage hardware.
| Report Attribute/Metric | Details |
| Market Size | USD 140 Billion (2028) |
| CAGR | 40% (2022-2028) |
| Base Year | 2021 |
| Forecast Period | 2022-2028 |
| Historical Data | 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Component, By Organization Size, By Vertical |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Cisco Systems, Inc., Juniper Networks, Inc, HPE Company, IBM Corporation, Dell EMC, NEC Corporation, Intel Corporation, Nokia Networks, Ericsson, Fujitsu |
| Key Market Opportunities | · The new application architectures (for instance, microservices and containers) to help automate networks are also contributing to the market growth. |
| Key Market Drivers | · The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. |
Network Transformation Market Key Players
Top Players Include Cisco Systems, Inc., Juniper Networks, Inc, HPE Company, IBM Corporation, Dell EMC, NEC Corporation, Intel Corporation, Nokia Networks, Ericsson, Fujitsu and Others.
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