DUBLIN--(BUSINESS WIRE)--The "Network Transformation Market by Solution (SDN and NFV, C-RAN, Network Automation and 5G Networks), Professional Service, Managed Services (Network Monetization, Network Management, Network Testing),Vertical, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global network transformation market size to grow from USD 6.01 Billion in 2017 to USD 66.86 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 61.9%, due to increase in the adoption of BYOD policy, rise in adoption of ITaaS and virtualization, and the collaboration among market players for the development and promotion of next-generation networking solutions.
This trend has increased the demand for high-performing networks that can incorporate a variety of applications and connect them to heterogeneous devices. The collaboration among industry leaders for the development and promotion of next-generation networking solutions, rise in the adoption of ITaaS and virtualization solution in the IT industry, and the rapidly increasing demand in bandwidth are some of the factors driving the network transformation market. However, lack of skills and expertise in next-generation networking solutions is said to be the major restraining factor for the growth of this market.
The growth of SDN & NFV is attributed to the fact that it helps optimize utilization of network resources and enable network traffic engineering with an end-to-end view of the enterprise networks. SDN solution enabled cloud strategy to deliver application in minutes instead of weeks. It also improved network operations and enabled quick and easy access of data. Moreover, there are a number of collaborations and joint projects carried out by companies for the promotion of SDN & NFV. SDN & NFV have been mostly deployed in data centers. However, during the forecast period, the deployment of SDN & NFV is expected to increase in branch and campus networks.
North America is expected to have the largest market size, and Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Network Transformation Market Analysis, By Component
7 Network Transformation Market Analysis, By Solution
8 Network Transformation Market Analysis, By Service
9 Network Transformation Market Analysis, By Organization Size
10 Network Transformation Market Analysis, By Vertical
11 Geographic Analysis
12 Company Profiles
- Cisco Systems
- Juniper Networks
- Nokia Networks
For more information about this report visit https://www.researchandmarkets.com/research/q9xjcg/network