Network Transformation Market

The global network transformation market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing adoption of bring your own device (BYOD) policy and IT as a service model.

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Network Transformation offers a platform for businesses to modernize their organization when it comes to information technology. This solutions and services helps client to provide aid in cloud-controlled applications and enable in carrying large volume of data in a more efficient and less cost manner compared to conventional processes.

Network transformation is a prescriptive guide to a central restructure of complete network, including network security infrastructure, cloud, remote user connectivity, wide area network (WAN), branch, and data centers. Such transformation of data management allows for much faster data processing and information to less usage of energy. Network transformation offers various benefits to the organization, such as maximizing efficiency, improving network performance, increasing network operations productivity, enhancing security, and network optimization.

The COVID-19 pandemic outbreak had considerable impact on the market. During the pandemic, lockdown imposed by government bodies across the region, resulted in the implementation of flexible working policies, such as work from home, virtual collaboration environments, and BYOD, which is rising the demand of network infrastructure solution. However, the deployment for physical infrastructure of 5G is delayed due to the travel ban and social distancing norms imposed during the pandemic, which is hampering the market growth.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing bandwidth requirement and surging need for enhancing present network solutions is one of the key factors driving the market growth.
• Rising collaboration among key market players for development and promotion of next-generation networking solutions is projected to boost the market during the forecast period.
• Lack of skills and expertise, such as data scientist and analysts in the improvement of next-generation networking solutions acts as a major challenge that can restrict the market growth in the coming years.
• Growing concern about integration of this new solutions into existing infrastructure is expected to hamper the market growth during the projected timeline.
• Integrating technologies, such as big data, machine learning, and Artificial Intelligence with network transformation services is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global network transformation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Secure network drives the professional services segment

In terms of services, the global network transformation market is bifurcated into managed services and professional services. The professional services segment is projected to expand at robust growth rate during the forecast period due to this services help companies to create a better and highly secure network environment, which helps the enterprise growth vision while encompassing the convergence of traffic, voice, and data systems.

However, the managed services segment is anticipated to expand at a substantial CAGR during the forecast period owing to increasing demand for managed services among small & medium enterprises.

SDN & NFV segment to grow at high CAGR

On the basis of solutions, the market is segregated into network automation, 5G networks, software defining network (SDN) & NFV, and C-RAN. The SDN & NFV segment is estimated to grow at high CAGR during the forecast period owing to this solutions enhances scalability and flexibility of WAN, which further advances the network performance and availability. On the other hand, the 5G networks segment is anticipated to register significant growth during the projected period attributed to that this is one of the core element of network transformation.

IT & telecom segment to expand at robust growth rate

Based on end-users, the global network transformation market is fragmented into retail, BFSI, IT & Telecom, government, manufacturing, healthcare, energy & utility, and others. The IT & telecom segment is anticipated to expand at robust growth rate during the forecast period attributed to the growing need for data center functions to integrate with business operations for boosting operational efficiency.

Moreover, rising implementation of latest networking infrastructure by the IT & telecom companies for security purpose is major driver of the segment. However, the manufacturing segment is projected to expand a considerable CAGR during the forecast period owing to the continuous automation in production line for boosting operational and manufacturing efficiency.

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Large enterprises segment to register a significant growth

On the basis of enterprise sizes, the market is bifurcated into small & medium enterprises and large enterprises. The large enterprises segment is projected to register a significant growth during the projected period owing to the surging incidences of cyber-attacks, as traditional network infrastructure is vulnerable to this attacks.

On the other hand, the small & medium enterprises segment is anticipated to expand at a substantial growth rate in the coming years attributed to the rising implementation of network transformation solutions and services to increase organizations business capabilities.

North America to constitute a key market share

In terms of region, the global network transformation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the early adoption of innovative technologies, increased grants and budget from government, and rise in acceptance for Internet of Everything technology in the region.

However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the rapid development of IT infrastructure, rise in adoption of new technologies, and implementation of cloud-based solution by enterprises in the region.

Segments

• Managed Services
• Professional Services

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

• Retail
• BFSI
• IT & Telecom
• Government
• Manufacturing
• Healthcare
• Energy & Utility
• Others

• Small & Medium Enterprises
• Large Enterprises

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

• IBM Corp.
• Fujitsu Ltd.
• Dell EMC
• Ciena Corp.
• Hewlett Packard Enterprise Co.
• NEC Corp.
• Juniper Networks, Inc.
• Cisco Systems, Inc.
• Ericsson
• Intel Corp.

Competitive Landscape

Key players competing in the global network transformation market are IBM Corp.; Fujitsu Ltd.; Dell EMC; Ciena Corp.; Hewlett Packard Enterprise Co.; NEC Corp.; Juniper Networks, Inc.; Cisco Systems, Inc.; Ericsson; and Intel Corp. Companies are focusing on investment in R&D for development of technologically advanced products to maintain their competitive position in the market.

Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in February 2018, Vodafone Group, a UK based Telecommunication Company and offers a variety of services, including fixed communications, messaging, data, and voice, announced that they have selected NEC Corporation/Netcracker's Hybrid Operations Management (HOM) solutions for transformation into a telecommunication cloud provider.

The digitalization program emphasized the use of SDN/NFV technologies and cloud native, to improve processes, business, and operational systems. HOM intended at associate this initiative by managing and organizing end-to-end services and assets within Vodafone fields.