(Wireless-NewsWire.Com, March 27, 2018 ) The Global Network Transformation Market was valued at USD 4.32 billion in 2016 and is projected to reach USD 332.17 billion by 2025, growing at a CAGR of 62.01% from 2017 to 2025.
Network Transformation provides a roadmap for the enterprise to modernize its information technology infrastructure, focusing on cost reduction, performance improvement and cloud enablement. Enterprise should follow the network transformation if they are unable to overcome network latency and poor performance, high costs related to network operation, etc.
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The major players in the market are as follows: 1. Juniper Networks 2. Nokia Networks 3. HPE 4. Ericsson 5. Huawei 6. Fujitsu 7. IBM Corporation 8. Accenture 9. NEC 10. Mavenir 11. Intel 12. Cisco Systems
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Dynamics: 1. Market Drivers 1.1 Increasing BYOD Adoption 1.2 Growing Bandwidth Requirement 1.3 Enhancement of Networking Solutions 1.4 Development of Next-Generation Networking Solutions
2. Market Restraints 2.1 Security Threats 2.2 Network Scalability
Market Segmentation: The Global Network Transformation Market is segmented on the basis of organization size, component, verticals, and region. 1. By Organization Size: 1.1 Large Companies 1.2 Mid-sized Companies 1.3 Small Companies
2. By Component: 2.1 Solution 2.1.1 Centralization and Virtualization 2.1.2 Physical Appliances 2.1.3 5G Networks 2.1.4 Network Automation 2.2 Service 2.2.1 Managed Services 2.2.2 Professional Services
3. By Vertical: 3.1 Media and Entertainment 3.2 Energy and Utilities 3.3 Manufacturing 3.4 Telecommunication and IT 3.5 Others
4. By Region: 4.1 North America (U.S., Canada, Mexico) 4.2 Europe (Germany, UK, France, Rest of Europe) 4.3 Asia Pacific (China, India, Japan, Rest of Asia) 4.4 Latin America (Brazil, Argentina, Rest of Latin America) 4.5 Rest of the World
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