Network Engineering Services Global Market Report 2023 – By Service Type (Network Assessment, Network Design, Network Deployment), By Transmission Mode (Wired, Wireless), By Organization Size (Large Enterprises, Small and Medium sized Enterprises), By Industry Vertical (Banking, Financial Services, and Insurance, Telecom, Information Technology, Healthcare, Education, Media and Entertainment, Energy and Utilities, Manufacturing, Other Industry Verticals) – Market Size, Trends, And Global Forecast 2023-2032

The network automation refer to software that automates the network and security provisioning and management to maximise the network efficiency and functionality. Network automation software predicts the efficient way to map, configure, provision, and manage networks and increases the speed of application development by automating network and security provisioning management. The main types of network automation are network automation tools, SD-WAN, network virtualization, and intent-based networking. Network automation tools automatically manage, configure, test, deploy, and operate network devices. The features offered through network automation tools include network device mapping and discovery; network configuration management; network resource provisioning or capacity planning; and others. These solutions are deployed in IT & telecom, BFSI, manufacturing, healthcare, energy & utilities, education, and others, through on-premise and cloud modes. Network automation is provided in two modes: solutions and services. The global network automation market is segmented - 1) By Solution Type: Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking 2) By Component: Solution, Services 3) By Deployment Mode: On-premises, Cloud 4) By Industry Vertical: IT & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals The global network automation market size will grow from $6.01 billion in 2022 to $7.52 billion in 2023 at a compound annual growth rate (CAGR) of 25.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the network automation is expected to grow to $18.64 billion in 2027 at a CAGR of 25.5%. The increasing adoption of cloud-based services is driving the growth of the network automation market. Network automation establishes consistent infrastructure and operations while reducing labour and promoting productivity gains and operational efficiency. Cloud-based applications or tools require an automated platform for smooth deployment and operations of applications, life-cycle management, policy-based distribution, and others. For instance, according to the survey conducted by Clouds 247 Research in 2022, more than 60% of companies are planning to employ cloud computing in the next 18 months, and more than 45% of companies have shifted to cloud IT infrastructure by the time of the study. Thus, an increasing shift in companies' interests toward cloud-based services is expected to boost demand for network automation during the forecast period. Major players in the network automation market are Cisco, Juniper Networks, NetBrain, Forward Networks, SolarWinds, Apstra, BlueCat, Entuity, Veriflow, Riverbed, Itential, Volta Networks, Sedona Systems, Kentik, NetYCE, Versa Networks, AppViewX, 128 Technology, and Anuta Networks. NaaaS (Network Automation-as-a-Service) Cloud Vision, or Software-as-a-Service (SaaS), is the key trend gaining popularity in the network automation market. Naas is a cloud model that enables users to operate and maintain the network without owning a network operating infrastructure. Cloud Vision, or Software-as-a-Service (SaaS), is an application used to deliver a service over the internet. The companies operating in the network automation market are focusing on offering products through new business models to increase customer reach and business presence. For instance, in August 2020, Arista Networks, an American computer networking company, announced a new enterprise-grade Software-as-a-Service (SaaS) with CloudVision® platform offering, which is a fully automated domain network service that manages multi-domain networks across the client through the cloud. In April 2022, Elisa Polystar, a Sweden-based provider of telecom network automation software, acquired FRINX for an undisclosed amount. Through this acquisition, Elisa Polystar is focused on accelerating its development activities in telecom network automation software and expanding its digital services across the globe. FRINX is a Slovakia-based provider of network automation software. North America was the largest region in the network automation market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the network automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The network automation market includes revenues earned by entities by providing software tools to provide automated network and security management to maximize network performance and efficiency by using network virtualization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The network automation market research report is one of a series of new reports from The Business Research Company that provides network automation market statistics, including network automation industry global market size, regional shares, competitors with a network automation market share, detailed network automation market segments, market trends and opportunities, and any further data you may need to thrive in the network automation industry. This network automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The network transformation refer to the process of updating one's core network. Network transformation is a step-by-step approach to reimagining the complete network, including the cloud, WAN, branch, data centers, remote user connection, and network security architecture. The main solutions provided in the network transformation include network automation, 5G networks, SDN & NFV, and C-RAN. Network automation refers to the process of automating the configuration, management, testing, installation, and administration of physical and virtual network equipment. These components are provided to small and medium enterprises, and large enterprises in industries ranging from BFSI, energy and utility, government, IT and Telecom, manufacturing, and retail sectors. The global network transformation market is segmented - 1) By Solutions: Network Automation, 5G Networks, SDN & NFV, C-RAN 2) By Organization Size: Small and Medium Enterprizes, Large Enterprize 3) By Vertical: BFSI, Energy and Utility, Government, IT and Telecom, Manufacturing, Retail, Other Verticals The global network transformation market size grew from $38.85 billion in 2022 to $59.89 billion in 2023 at a compound annual growth rate (CAGR) of 54.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The network transformation market size is expected to grow to $346.65 billion in 2027 at a CAGR of 55.1%. The growing adoption of bring your own device (BYOD) policy in companies is expected to propel the growth of the network transformation market. BYOD policy is when employees connect to the organization's network and access what they need to complete their tasks using their personal devices such as smartphones, tablets, computers, laptops, and others. Network transformation helps reconstruct network architecture when companies want to change their network infrastructure based on employees' devices. According to Cisco, 89% of IT departments enable BYOD in some form and 69% of IT leaders are positive about BYOD. Therefore the growing adoption of BYOD policy in companies is expected to drive the network transformation market. Major players in the 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, Intel Corp, Accenture, GENBAND, AT&T, Mavenir Systems, Ribbon Communication, and Wipro Limited. Adoption of artificial intelligence (AI) is a key trend in the network transformation market. Next-generation cloud networks are vital for growth, and digitally modernizing the network infrastructure to become more open, frictionless, and efficient is critical for retaining that growth. As data and networks become more commercialized, telecommunications companies seek ways to save money and innovate wherever feasible. Telecommunications operators are using AI to study and forecast network disruptions before they occur, reducing response times and interruptions in service. In February 2020, Ericsson, a US-based telecommunication company, launched two new artificial intelligence (AI)-powered services to its network services portfolio-Network Intelligence and Omni Network Channel, allowing communications service providers to secure always-on networks and create optimal user experiences. In January 2022, NEC Corporation, a Japan-based information technology company that supplies Open RAN, end-to-end Open 5G solutions, and system integration skills, acquired Blue Danube Systems. This acquisition broadens NEC's customer service expertise and assets in North America, as well as the breadth of its Open RAN solutions offering to meet customers' requirements and desires. Blue Danube Systems is a US-based company that creates wireless technologies for mobile networks and other applications. It introduces 5G beamforming to today's networks, significantly boosting network capacity and end-user experience. North America was the largest region in the network transformation market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the network transformation market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the network transformation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The network transformation market includes revenues earned by entities by providing various solutions and services to enhance the newtowk architecture such as system integration, staging, and deployment, VNF migration, network designing, component development, and product & engineering solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The network transformation market research report is one of a series of new reports from The Business Research Company that provides network transformation market statistics, including Network transformation industry global market size, regional shares, competitors with a network transformation market share, detailed network transformation market segments, market trends and opportunities, and any further data you may need to thrive in the network transformation industry. This network transformation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Network as a service refers to a subscription-based or flexible consumption model that enables clients to operate network infrastructure. Network as a service is used to provide networking infrastructure to customers. The main types of network as a service are LAN as a service, WAN as a service, bandwidth on demand (BoD), VPN as a service, and managed services. A LAN (LAN) refers to a group of computers and peripheral devices that share a common communications line or wireless link to a server within a distinct geographic area. The enterprise size is large enterprises and SMEs. The various end-users involved are banking, financial services, and insurance (BFSI), government and the public sector, healthcare, IT and telecommunication, manufacturing, retail, and e-commerce, and other end-users. The global network as a service market is segmented - 1) By Type: LAN as a Service, WAN as a Service, Bandwidth on Demand (BoD), VPN as a Service, Managed Services 2) By Enterprise Size: Large Enterprises, SMEs 3) By End-User: Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare, IT and Telecommunication, Manufacturing, Retail and E-commerce, Other End Users The global network as a service market size will grow from $16.11 billion in 2022 to $21.37 billion in 2023 at a compound annual growth rate (CAGR) of 32.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the network as a service is expected to grow to $66.15 billion in 2027 at a CAGR of 32.6%. The growing number of cloud-based applications across enterprises is expected to propel the growth of the network as a service market going forward. Cloud-based applications refer to the cloud computing used for data storage. People staying at home have increased the usage of the internet which has surged the demand for high-speed network connection, network as a service utilizes cloud computing that is helpful for the customers to operate their own networks by deploying cloud-based applications and have access to network infrastructure directly and securely. For instance, in 2021, according to Cisco, a US-based technology company, overall data center workloads and compute instances will be more than double those of 2021. The workload and compute instance density for cloud data centers will reach 13.2 by 2021. Therefore, the growing number of cloud-based applications across enterprises is driving the network as a service market growth. Major players in the network as a service market are Verizon Communications Inc., Cisco Systems Inc., IBM, Oracle Corporation, Juniper Networks Inc., NEC Corporation, VMware Inc., Aryaka Networks Inc., AT&T Intellectual Property, Hewlett-Packard Enterprise Development LP, ALE International SAS, Extreme Networks, Akamai Technologies, CenturyLink, and Amazon Web Services Inc. Product innovations are a key trend gaining popularity in the network as a service market. Major companies operating in the network as a service market are focused on adopting technologies to strengthen their position. For instance, in 2020, Cloudflare Inc., a US-based cloud services provider company that includes network as a service, launched Cloudflare One, which provides cloud-based network as a service solutions for the workers in enterprises. Cloudflare solution is a next-generation firewall and intrusion detection system with unique features where users will be able to access data from desktop and mobile devices, SaaS solutions, and browser isolation. In March 2022, Acuative, a US-based information technology services company, acquired Tenfour for an undisclosed amount. Through this acquisition, Acuative aims to strengthen and expand its network as service expertise and meet customer demand. Tenfour is a US-based network as a service provider company, which provides services like managed infrastructure, security, and digital analytics. North America was the largest region in the network as a service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the network as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The network as a service market consists of revenues earned by entities by providing data center connectivity services. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The network as a service market research report is one of a series of new reports from The Business Research Company that provides network as a service market statistics, including network as a service industry global market size, regional shares, competitors with a network as a service market share, detailed network as a service market segments, market trends and opportunities, and any further data you may need to thrive in the network as a service industry. This network as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A network management system (NMS) refers to a set of applications that allow network engineers to manage a network's independent components inside a bigger network management framework and perform several key functions. A network management system oversees all business operations from a single computer.The network management system is used by organisations to manage every aspect of the office, such as device monitoring and management and performance analysis. It provides intelligent notifications and alerts, which save time and money and help increase productivity. The main types of components in a network management system are platform, solution, and services. Platform in the network management systems market refers to a system for connecting frontline organisational processes with backend information systems. The various types of organisations include large enterprises, small and medium enterprises. The different deployment modes include on-premises and in the cloud. It is employed in banking, financial services, and insurance; information technology and telecom, healthcare; media and communication; retail; and other end users. The global network management system market is segmented - 1) By Component: Platform, Solutions, Services 2) By Organization: Large Enterprises, Small and Medium Enterprises 3) By Deployment: On-Premise, Cloud 4) By End-User: Banking, Financial Services, And Insurance, Information Technology And Telecom, Healthcare, Media And Communication, Retail, Other End-Users The global network management system market size will grow from $10.02 billion in 2022 to $10.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the network management system is expected to grow to $15.5 billion in 2027 at a CAGR of 9.0%. Increasing demand for cloud-based services is significantly contributing to the growth of the network management system market going forward. Cloud refers to servers that are provided over the Internet and the software and databases that run on those servers. The network operators can get new network management services dynamically using cloud solutions rather than installing new hardware. For instance, according to the 2022 State of the Cloud Report by Flexera, a US-based software company that surveyed 753 technical professionals, overall small to midsized businesses' (SMBs') cloud spend had grown substantially to 53%, reaching $1.2 million in annual spend in 2022, which was up from 38% in 2021. Therefore, the increasing demand for cloud-based services is driving the network management system market growth. Major players in the network management system market are Cisco Systems Inc., IBM Corporation, Nokia Corporation, Micro Focus, Juniper Networks, Ericsson, Huawei, Netscout System, BMC Software Inc., SolarWinds Inc., Broadcom CA Technologies, Kentik, Viavi Solutions, Kaseya, Zoho Corporation, Oracle Corporation, Hewlett-Packard Development, and Alcatel-Lucent. Technological advancement is a key trend gaining popularity in the network management system market. Major companies operating in the network management system sector are focused on introducing new technologies to lead the market. For instance, in July 2021, IBM, a US-based technology company, launched the IBM Cloud Pack, a hybrid cloud with AI-powered automation software to manage networks. This helps to enable zero-touch operations at lower costs and faster delivery of innovative services. It helps the network engineers create and automate network lifecycle models, view live network performance in real time, and automate service design and testing. The software integrates artificial intelligence for IT operations (AIOps), advanced analytics, and machine learning to help communications service providers find hidden patterns in networking data to optimise network operations without major human intervention. In April 2021, IBM, a US-based technology company, acquired Turbonomic for an undisclosed amount. With this acquisition, IBM will have AI-powered automation capabilities that will provide assurance for target application response times even during peak demand. Turbonomic is a US-based network management company that provides tools to manage application performance, specifically for resource management. North America was the largest region in the network management system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the network management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The network management system (NMS) market includes revenues earned by entities by providing network performance and monitoring, cloud monitoring, virtual monitoring, SDN monitoring, network configuration, log and event management, IP address management, VOIP monitoring, consulting services, integration and deployment services, training, support, and maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The network management system market research report is one of a series of new reports from The Business Research Company that provides network management system market statistics, including network management system industry global market size, regional shares, competitors with a network management system market share, detailed network management system market segments, market trends and opportunities, and any further data you may need to thrive in the network management system industry. This network management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Network forensics refer to digital forensics that essentially deals with the examination of the network and the traffic going across a network that is suspected to be involved in malicious activities. The network forensics are used in data privacy or intrusion prevention. The components of network forensics are solutions and professional services. Network forensics solutions refer to the monitoring and analysis of computer traffic for legal evidence, intrusion detection, and information gathering. The deployment modes include cloud and on-premises. The organizations include SMEs and large enterprises. The applications include endpoint security and data center security. The various verticals include BFSI, government and defense, healthcare, IT and ITeS, manufacturing, retail, telecommunications, transportation, and other verticals. The global network forensics market is segmented - 1) By Component: Solutions, Professional Services 2) By Deployment Mode: Cloud, On-premises 3) By Organization size: Small And Medium Enterprises (SMEs), Large Enterprises 4) By Application: Endpoint Security, Datacenter security 5) By Vertical: Banking, Financial Services And Insurance (BFSI), Government And Defense, Healthcare, Information Technology (IT) And Information Technology Enabled Services (ITeS), Manufacturing, Retail, Telecommunications, Transportation, Other Verticals The global network forensics market size will grow from $2.77 billion in 2022 to $3.17 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the network forensics is expected to grow to $5.37 billion in 2027 at a CAGR of 14.1%. The increasing incidence of cyberattacks and advanced threats is expected to propel the growth of the network forensics market going forward. Cyber-attacks refer to attempts to gain unauthorized access to a computer or a system, whereas an advanced persistent threat (APT) refers to a prolonged and targeted cyberattack in which an intruder gains access to a network and remains undetected for an ample period. Network forensics prevents cyber-attacks by capturing, recording, and analyzing network traffic and audit files. For instance, in 2020, according to the Microsoft Digital Defense Report by Microsoft, a US-based technology company, cyber-attacks have become more sophisticated in recent years with new techniques. IoT threats increased by 35% in the first half of 2020 as compared to the second half of 2019. Also, according to ESET Threat Report T2 2021, researchers found a 7.3% increase in email-based attacks between May and August 2021, the majority of which were part of phishing campaigns, a scam created by cybercriminals to steal financial resources.. Therefore, the increasing incidence of cyberattacks and advanced threats is driving the network forensics market growth. Major players in the network forensics market are Cisco Systems Inc., FireEye Inc., IBM Corporation, LogRhythm Inc., NIKSUN Incorporated, NETSCOUT Systems Inc., RSA Security, Symantec Corporation, Savvius Inc., VIAVI Solutions Inc., Fortinet Inc and CrowdStrike. The adoption of the internet of things (IoT) in the forensics industry is a key trend in the scientific network forensics market. Major companies operating in the network forensics market are adopting the internet of things (IoT) in the forensics industry to strengthen their position in the network forensics market. IoT network forensics is the practice of analyzing IoT devices to investigate crimes. For instance, in June 2022, NetWitness, a US-based network security monitoring software provider, launched NetWitness XDR, which delivers a robust set of capabilities helping customers stay ahead of the most sophisticated cyber threats and enabling extended detection and response (XDR). The updated platform offers full visibility into all key data planes across an organization, including network, logs, full Security Orchestration, Automation, and Response (SOAR), endpoint, and Internet of Things (IoT), User and Entity Behavior Analytics (UEBA), a complete Threat Intelligence Platform (TIP), and new asset analytics and prioritization, all easily viewed in a single interface and a unified data model. The adoption of the internet of things (IoT) in the forensics industry is a key trend in the scientific network forensics market. Major companies operating in the network forensics market are adopting the internet of things (IoT) in the forensics industry to strengthen their position in the network forensics market. IoT network forensics is the practice of analyzing IoT devices to investigate crimes. For instance, in June 2022, NetWitness, a US-based network security monitoring software provider, introduced NetWitness XDR, which delivers a robust set of capabilities helping customers stay ahead of the most sophisticated cyber threats and enabling extended detection and response (XDR). The updated platform offers full visibility into all key data planes across an organization, including network, logs, full Security Orchestration, Automation, and Response (SOAR), endpoint, and Internet of Things (IoT), User and Entity Behavior Analytics (UEBA), a complete Threat Intelligence Platform (TIP), and new asset analytics and prioritization, all easily viewed in a single interface and a unified data model. Asia-Pacific was the largest region in the network forensics market in 2022. North America was the second largest region of the network forensics market. The regions covered in the network forensics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the network forensics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The network forensics market consists of revenues earned by entities by providing TCP and ethernet. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The network forensics market research report is one of a series of new reports from The Business Research Company that provides network forensics market statistics, including network forensics industry global market size, regional shares, competitors with a network forensics market share, detailed network forensics market segments, market trends and opportunities, and any further data you may need to thrive in the network forensics industry. This network forensics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Network function virtualization is a method for network operators to accelerate service deployment by decoupling functions such as a firewall or encryption from dedicated hardware and moving them to virtual servers. The network function virtualization model helps network services to be installed and controlled by software running on standardized compute nodes that were traditionally running on proprietary hardware. It incorporates virtualization and cloud technologies to drive new network service development with elastic scale and automation. The network function virtualization (NFV) is used to improve network responsiveness, flexibility, and scalability. The main types of components in network function virtualization are solutions, orchestration and automation, and services. Solutions refer to a unique system that combines people, processes, information, and technologies to support a set of business or technical capabilities that solve one or more business problems. Solution providers are hired by various industries to solve business problems. The infrastructure utilized consists of hardware resources and virtualized resources. The different applications include virtual appliances and core networks and are employed by several end users such as service providers, data centers, and enterprises. The global network function virtualization market is segmented - 1) By Component: Solutions, Orchestration And Automation, Services 2) By Infrastructure: Hardware Resources, Virtualized Resources 3) By Application: Virtual Appliance, Core Network 4) By End User: Service Providers, Data Centres, Enterprises The global network function virtualization market size will grow from $18.85 billion in 2022 to $23.16 billion in 2023 at a compound annual growth rate (CAGR) of 22.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the network function virtualization is expected to grow to $49.24 billion in 2027 at a CAGR of 20.8%. Increasing demand for cloud-based services is significantly contributing to the growth of the network function virtualization market going forward. Cloud refers to servers that are provided over the Internet and the software and databases that run on those servers. Network operators can get new network services dynamically using cloud solutions rather than installing new hardware. For instance, according to the 2022 State of the Cloud Report by Flexera, a US-based software company which surveyed 753 technical professionals, revealed that overall small to midsized businesses (SMBs) cloud spend had grown substantially to 53% reaching $1.2 million spend annually in 2022, which was up from 38% in 2021. Therefore, the increase in demand for cloud-based services is driving the network function virtualization market growth. Major players in the network function virtualization market are Cisco Systems Inc., Ericsson, Huawei Technologies, Vmware Inc., Nokia Corporation, The Hewlett Packard Enterprise Company, Dell EMC, Juniper Networks Inc., Affirmed Networks, NetScout Systems Inc., NEC Corporation, Ribbon Communications US LLC, ZTE Corporation, Fujitsu Limited, Ciena Corporation, Amdocs, Mavenir, and Radisys. Technological advancements have emerged as a key trend gaining popularity in the network function virtualization market. Major companies operating in the NFV sector are focused on developing the latest technologies to sustain their position in the market. For instance, in February 2022, Mobileum, a US-based telecom analytics company, and VoerEir, a Sweden-based cloud technology company, partnered to create a powerful test platform for network function virtualization infrastructure. The combination of Mobileum's SITE active test solution and VoerEir's Touchstone test suite provides a vertically integrated solution that allows communication service providers to fully automate testing of services from the lab to the live network, as well as virtual and cloud-native network functions. In June 2020, Microsoft Corporation, a US-based technology company, acquired Metaswitch Networks for an undisclosed amount. This acquisition will support Microsoft’s virtualized networks along with data, voice, and communications solutions for service providers. Metaswitch is a UK-based software company that develops telecommunications software. North America was the largest region in the network function virtualization market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network function virtualization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the network function virtualization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The network function virtualization (NFV) market consists of revenues earned by entities by providing virtual network functions such as tunneling gateway elements, signaling and switching. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The network function virtualization market research report is one of a series of new reports from The Business Research Company that provides network function virtualization market statistics, including network function virtualization industry global market size, regional shares, competitors with a network function virtualization market share, detailed network function virtualization market segments, market trends and opportunities, and any further data you may need to thrive in the network function virtualization industry. This network function virtualization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Network devices refer to a piece of hardware or software whose primary function is to direct and regulate communications among computers or computer networks. Network devices execute the fundamental tasks required to support network establishment and maintenance, including data transmission and reception. The main device types of network devices are routers, gateway, and access points. Routers are used to manage traffic between networks by forwarding data packets to their intended IP addresses and allowing multiple devices to use the same internet connection. A router refers to a device that connects two or more packet-switched networks or subnetworks. These network devices can be connected by wire and wireless. Wi-Fi, cellular, LoRa, ZigBee, BlueTooth and others are the connection types network devices support. Residential, commercial, enterprise, industrial and transportation are the applications of the network devices. The global network devices market is segmented - 1) By Device Type: Router, Gateway, Access Point 2) By Type: Wired, Wireless 3) By Connectivity: WiFi, Cellular, LoRa, ZigBee, Bluetooth, Other Connectivities 4) By Application: Residential, Commercial, Enterprise, Industrial, Transportation The global network devices market size will grow from $28.01 billion in 2022 to $30.3 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the network devices is expected to grow to $39.9 billion in 2027 at a CAGR of 7.1%. The rising use of smartphones coupled with growing digitalization is expected to drive the growth of the network devices market. The use of digitalization is expanding to create new business practices, cultures, and customer experiences or to adapt existing ones to meet shifting company and market needs. The smartphones demand is increasing due to rise in internet penetration, rising subscriptions to social media, increasing income levels, improved communication needs, and others. During the COVID-19 pandemic, the usage of smartphones along with digitalization dramatically increased due to long quarantine periods and work-from-home scenarios. This increase in smartphones and digitalization needs network devices to transfer data from one device to another efficiently. For instance, according to the survey of smartphone ownership commissioned by a nonpartisan American think tank, the Pew Research Center, the share of Americans that own a smartphone increased from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). Moreover, according to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Therefore, the rising use of smartphones coupled with growing digitalization is going to propel the network devices market growth. Major players in the network devices market are Cisco Systems Inc., Huawei Technologies Co Ltd., Juniper Networks Inc., Siemens AG, Tp-Link Technologies, Belkin International, ASUSTeK Computer Inc., Palo Alto Networks Inc, ADTRAN Inc., D-Link Corporation, Hewlett-Packard Company, Sierra Wireless, F5 Networks Inc., Multitech and Robustel. Technological innovations are a key trend gaining popularity in the network devices market. Major companies operating in the network devices market are developing new products or technologies, such as SD-WAN, to strengthen the demand for network devices. A software-defined wide area network (SD-WAN) is a virtual wide area network type that enables businesses to employ any mix of transport services, such as MPLS, LTE, and broadband internet services, to safely connect users to applications. This improves user experience and application performance, which boosts corporate productivity and agility and lowers IT expenses. For instance, in May 2022, Nokia, a Finland-based telecommunications, information technology, and consumer electronics corporation, and STC (Saudi Telecommunication Company), a Saudi-Arabia-based digital enabler of telecommunications services, introduced stc SD-WAN. stc SD-WAN will enable the company's IT and OT to modify their network services to fit rapidly evolving commercial contexts. The program aims to support its enterprise customers' cloud migration and digital transformation journey. In October 2020, Juniper networks, a US-based company that develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology, acquired 128 Technology for $450 million. This acquisition will facilitate the industry's transition from first-generation SD-WAN technology, which prioritizes connections from the branch to cloud optimization, to a contemporary AI-driven network that prioritizes user experiences from client to cloud optimization. 128 Technology is a US-based company that provides software-based routing solutions which enable enterprises and service providers to build networks. North America was the largest region in the network devices market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the network devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The network devices market consists of sales of hub and switch, router, extender, adapter and wireless access point. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).x The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The network devices market research report is one of a series of new reports from The Business Research Company that provides network devices market statistics, including network devices industry global market size, regional shares, competitors with a network devices market share, detailed network devices market segments, market trends and opportunities, and any further data you may need to thrive in the network devices industry. This network devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.