What Has Been The Evolution of the Network Transformation Market in Recent Years?
The network transformation market has seen considerable growth due to a variety of factors.
• The size of the network transformation market has seen rapid growth in the past few years. The market, which is estimated to be $90.73 billion in 2024, is projected to rise to $139.37 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 53.6%.
Factors such as legacy infrastructure, increased bandwidth demand, security issues, and cost reduction have contributed to the significant growth during the historical period.
What Is the Forecasted Market Size and Growth Rate for The Network Transformation Market?
The network transformation market is expected to maintain its strong growth trajectory in upcoming years.
• In the ensuing years, the network transformation market is projected to experience a meteoric surge in size, reaching a whopping value of $789.96 billion by 2029, growing at a compound annual growth rate (CAGR) of 54.3%.
This escalation during the forecast period can be traced back to several contributing factors such as the increase in remote working, robust supply chain resilience, network automation, technological advancements for digital transformation, and intensifying competitive strain. Other significant trends that are predicted to dominate the forecast period include the introduction of edge computing, the rising influence of artificial intelligence (AI) and machine learning, the dawn of 6G and subsequent advancements, increased cloud adoption, and the blossoming internet of things (IoT) sector.
What Are The Core Factors Supporting Growth In The Network Transformation Market?
The network transformation market is poised for growth, spurred on by the increasing adoption of bring your own device (BYOD) practices within companies. The BYOD approach allows employees to use their personal devices like smartphones, laptops, computers, tablets etc., to connect to the company's network and access necessary resources for their tasks. Network transformation comes into play when there's a need for companies to restructure their network architecture based on the employees' devices. As per data from Cisco, it's seen that 89% of IT departments have implemented BYOD in some form, with 69% of IT leaders expressing a positive attitude towards BYOD. This rising trend of BYOD policy adoption in companies is anticipated to fuel the expansion of the network transformation market.
What Are The Major Segments Within The Global Network Transformation Market?
The network transformation market covered in this report is segmented –
1) By Solutions: Network Automation, 5G Networks, SDN & NFV, C-RAN
2) By Organization Size: Small and Medium Enterprises, Large Enterprise
3) By Vertical: BFSI, Energy and Utility, Government, IT and Telecom, Manufacturing, Retail, Other Verticals
Subsegments:
1) By Network Automation: Automation Software, Orchestration Tools, AI-Powered Automation Solutions, Network Analytics Tools
2) By 5G Networks: Core Network Infrastructure, Radio Access Network (RAN) Solutions, Edge Computing Solutions, 5G Network Management Tools
3) By Software-Defined Networking (SDN) & Network Functions Virtualization (NFV): SDN Controllers, NFV Infrastructure (NFVI), Virtual Network Functions (VNFs), Network Slicing Solutions
4) By Cloud Radio Access Network (C-RAN): Centralized RAN Solutions, Cloud-Based RAN Management, Virtualized RAN Solutions, C-RAN Transport Solutions
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Which Trends Are Expected To Transform The Network Transformation Market?
Key corporations in the network transformation market are emphasizing the construction of improved solutions such as adaptable, scalable data centers to facilitate efficient data center solutions in settings with restricted infrastructure. These data centers are versatile and expandable facilities designed to resourcefully accommodate computing resources within self-contained modules that can be conveniently included or eliminated to adapt to fluctuating demands and maximize resource use. For example, Amazon Web Services (AWS), a cloud computing firm based in the US, revealed in February 2023 the accessibility of the AWS Modular Data Center (MDC) to the U.S. Department of Defense (DoD). This comprises a self-contained, climatically controlled unit capable of accommodating AWS Outposts or Snow Family devices, offering scalable setups and anticipatory management in areas with limited infrastructure. This is crucial as it allows agencies of the U.S. Department of Defense to execute low-latency applications for military actions and crisis response while also simplifying the management of data centers and improving access to well-known AWS services in edge environments.
Who Are the Key Players in the Network Transformation Market?
Major companies operating in the network transformation market include:
• International Business Machines Corporation
• Fujitsu Ltd.
• Dell EMC
• Ciena Corporation
• Hewlett Packard Enterprise Company
• Cisco Systems Inc.
• Juniper Networks Inc.
• Huawei Technologies Co. Ltd.
• NEC Corporation
• Intel Corporation
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• Samsung Group
• VMware Inc.
• Aryaka Networks Inc.
• Citrix Systems Inc.
• CenturyLink
• Silver Peak Systems Inc.
• ZTE Corporation
• ALE International SAS
• BT Group plc
• Cato Networks
• Colt Technology Services Group Limited
• Comarch SA
• Coriant GmbH
• CSG International
• ECI Telecom
• Infosys Limited
• Fortinet Inc.
• Broadcom Inc.
• AT&T Inc.
• Accenture plc
What Is The Most Dominant Region In The Network Transformation Market?
North America was the largest region in the network transformation market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the network transformation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
