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
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.
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.
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.