Network Transformation Market

Network Transformation Market by Services (Managed Services and Professional Services), Solutions (Network Automation, 5G Networks, SDN & NFV, and C-RAN), End-users (Retail, BFSI, IT & Telecom, Government, Manufacturing, Healthcare, Energy & Utility, and Others), Enterprise Sizes (Small & Medium Enterprises and Large Enterprises), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3747
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 189
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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.

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.

Attributes

Details

Report Title

Network Transformation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Services (Managed Services and Professional Services), Solutions (Network Automation, 5G Networks, SDN & NFV, and C-RAN), End-users (Retail, BFSI, IT & Telecom, Government, Manufacturing, Healthcare, Energy & Utility, and Others), and Enterprise Sizes (Small & Medium Enterprises and Large Enterprises)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

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

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.

Network Transformation Market by end users

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

The global network transformation market has been segmented on the basis of

Services
  • Managed Services
  • Professional Services
Solutions
  • Network Automation
  • 5G Networks
  • SDN & NFV
  • C-RAN
End-users
  • Retail
  • BFSI
  • IT & Telecom
  • Government
  • Manufacturing
  • Healthcare
  • Energy & Utility
  • Others
Enterprise Sizes
  • Small & Medium Enterprises
  • Large Enterprises
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 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.

Network Transformation Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Network Transformation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Network Transformation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Network Transformation Market - Supply Chain
  4.5. Global Network Transformation Market Forecast
     4.5.1. Network Transformation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Network Transformation Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Network Transformation Market Absolute $ Opportunity
5. Global Network Transformation Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Network Transformation Market Size and Volume Forecast by End Users
     5.3.1. Retail
     5.3.2. BFSI
     5.3.3. IT & Telecom
     5.3.4. Government
     5.3.5. Manufacturing
     5.3.6. Healthcare
     5.3.7. Energy & Utility
     5.3.8. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Network Transformation Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Network Transformation Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Network Transformation Demand Share Forecast, 2019-2026
7. North America Network Transformation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Network Transformation Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Network Transformation Market Size and Volume Forecast by End Users
     7.4.1. Retail
     7.4.2. BFSI
     7.4.3. IT & Telecom
     7.4.4. Government
     7.4.5. Manufacturing
     7.4.6. Healthcare
     7.4.7. Energy & Utility
     7.4.8. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Network Transformation Demand Share Forecast, 2019-2026
8. Latin America Network Transformation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Network Transformation Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Network Transformation Market Size and Volume Forecast by End Users
     8.4.1. Retail
     8.4.2. BFSI
     8.4.3. IT & Telecom
     8.4.4. Government
     8.4.5. Manufacturing
     8.4.6. Healthcare
     8.4.7. Energy & Utility
     8.4.8. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Network Transformation Demand Share Forecast, 2019-2026
9. Europe Network Transformation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Network Transformation Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Network Transformation Market Size and Volume Forecast by End Users
     9.4.1. Retail
     9.4.2. BFSI
     9.4.3. IT & Telecom
     9.4.4. Government
     9.4.5. Manufacturing
     9.4.6. Healthcare
     9.4.7. Energy & Utility
     9.4.8. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Network Transformation Demand Share Forecast, 2019-2026
10. Asia Pacific Network Transformation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Network Transformation Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Network Transformation Market Size and Volume Forecast by End Users
     10.4.1. Retail
     10.4.2. BFSI
     10.4.3. IT & Telecom
     10.4.4. Government
     10.4.5. Manufacturing
     10.4.6. Healthcare
     10.4.7. Energy & Utility
     10.4.8. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Network Transformation Demand Share Forecast, 2019-2026
11. Middle East & Africa Network Transformation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Network Transformation Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Network Transformation Market Size and Volume Forecast by End Users
     11.4.1. Retail
     11.4.2. BFSI
     11.4.3. IT & Telecom
     11.4.4. Government
     11.4.5. Manufacturing
     11.4.6. Healthcare
     11.4.7. Energy & Utility
     11.4.8. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Network Transformation Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Network Transformation Market: Market Share Analysis
  12.2. Network Transformation Distributors and Customers
  12.3. Network Transformation Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. IBM Corp.
     12.4.2. Fujitsu Ltd.
     12.4.3. Dell EMC
     12.4.4. Ciena Corp.
     12.4.5. Hewlett Packard Enterprise Co.
     12.4.6. NEC Corp.
     12.4.7. Juniper Networks, Inc.
     12.4.8. Cisco Systems, Inc.
     12.4.9. Ericsson
     12.4.10. Intel Corp.
The global network transformation market has been segmented on the basis of

Services
  • Managed Services
  • Professional Services
Solutions
  • Network Automation
  • 5G Networks
  • SDN & NFV
  • C-RAN
End-users
  • Retail
  • BFSI
  • IT & Telecom
  • Government
  • Manufacturing
  • Healthcare
  • Energy & Utility
  • Others
Enterprise Sizes
  • Small & Medium Enterprises
  • Large Enterprises
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • IBM Corp.
  • Fujitsu Ltd.
  • Dell EMC
  • Ciena Corp.
  • Hewlett Packard Enterprise Co.
  • NEC Corp.
  • Juniper Networks, Inc.
  • Cisco Systems, Inc.
  • Ericsson
  • Intel Corp.

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.

Network Transformation Market by key players

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