Covid-19 Impact on Network Transformation market :

The covid-19 pandemic disrupted all the markets across the world including global network transformation market. The covid-19 pandemic had positive as well as negative impact on the global network transformation market. Some industries have faced downfall, and some industries have experienced positive effects due to this pandemic. At the same time, the pandemic led to shift business operations and IT operation analytics to remote working model. This led businesses to adopt advanced network transformation system to continue remote business operations, maintain productivity, and conduct operations without the network security breaches.  This resulted in high demand of network transformation systems to cope consumer demands during the pandemic.

The global Network Transformation market is expected to develop USD 279.31 Billion by 2028, at a compound annual increase in price (CAGR) of 61.9% throughout the forecast period.

This report offers a detailed overview of the pandemic with focus on key aspects such as global and domestic competitive environment, risks and challenges, new business models, market segment leading the global network transformation market, and other topics crucial for market players, business leaders, strategists, and policy makers to understand to realize full potential of the global network transformation market.

Segment by Solutions:

The Network Transformation market is segmented into SDN & NFV, C-RAN, Network Automation, and 5G Networks by solutions. Among various solutions SDN $ NFV leads this segment of the network transformation market. SDN & NFV solutions are also projected to hold the largest market share in the forecasted period. SDN transforms the Wide Area Network (WAN) design by decoupling the control and data planes, centralizing network intelligence, and abstracting applications from the fundamental network infrastructure. Telecom operators can gain automation, improved network programmability, and control over their network by leveraging SDN data centers. SDN & NFV augment the scalability and flexibility of WAN.

Segment by Organization Service:

The Network Transformation market is segmented into Professional Service and Managed Service by organization service. The professional service segment dominated the market. Professional services assist organizations in creating an improved and secure network environment that helps the enterprise development vision through encompassing the convergence of data systems, traffic, and voice. The managed service sub-segment is expected to grow at a significant pace during the forecasted period.

Segment by Industry verticals :

The Network Transformation market is segmented into Telecom, Manufacturing, Energy and Utilities, IT, Media and Entertainment, and Others. The IT and telecom sub-segment dominated the market. This sub-segment is forecasted to grow rapidly owing to technological advances like machine learning, big data, etc.

Segment by Region :

The Network Transformation market is segmented into Europe, North America, Asia Pacific, South America based on geography. North America region dominated network transformation market. North America, an early adopter of advanced technologies and house of many companies in this industry, leads the market. The Asia Pacific region is estimated to register the fastest growth rate due to rapid economic developments, a rise in OTT platforms, increasing internet users, and digital innovation in major countries.

Owing to key benefits such as faster data processing, minimal energy usage, better network transparency, enhanced control, improved productivity in business operations, faster connectivity, minimal deployment time, customer oriented product offerings, user satisfaction, the network transformation is experiencing rapid adoption as opposed to traditional network services thus fostering remarkable progress in global network transformation market.

The need for network systems that boost operational productivity through direct SaaS connectivity and cloud exchanges is increasing market value of network transformation market.

Network transformation is a fundamental redesign of the entire network, including Remote user connectivity, Wide Area Network (WAN), branch, cloud, data centers, and network security infrastructure. Network transformation provides a platform for companies and businesses to upgrade their information technology infrastructure. The network transformation enables users to offer aid in cloud-controlled applications. It helps deliver enormous amounts of data more efficiently and less costly than conventional processes.

Along with this, there has been an upcoming trend of bring your own device. Companies and businesses are increasingly adopting BYOD policy, which drives this market growth. The key factor that is growing adoption of network visualization systems and architectures is furthering the global network transformation market. However, the lack of skilled workforces, growing instances of network breaches, cyber security threats, lack of competitive skills in workforce required for the deployment of next-generation network solutions is boosting the global network transformation market. Furthermore, rapid technological advancements are expected to create opportunities for the network transformation market.

The major players in the global network transformation market are Ciena, Curvature, TATA Communications, Ribbon Communications Operating Company, IBM, Hewlett Packard Enterprise Development, Intel, Sakon, FUJITSU, NEC, Dell, Telefonaktiebolaget LM Ericsson, Cisco, Juniper Networks, and Wipro among others.

Latest Innovations in Global Network Transformation Market:

• 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.

Network Transformation Market Scope

Key segments of the Network Transformation Market :

Solutions Type Overview (USD Billion)

• C-RAN
• NFV
• SDN
• Network Automation
• 5G Networks

Organization Service Type Overview, (USD Billion)

• Professional
• Managed

Industry Type Overview, (USD Billion)

• Telecom
• Manufacturing
• Energy
• IT
• Media
• Others

Regional Overview, (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa