Network optimization services represent the set of technologies and techniques that assist businesses in improving their network domain functionality. They primarily include data center optimization, local network optimization, wide area network (WAN) optimization, radio access network (RAN) optimization, etc. Network optimization services ensure optimal performance, improve the user experience, and maximize network usage while helping enterprises in attaining their business goals and gaining a competitive edge in the market. As a result, they are widely utilized across various sectors, such as transportation, logistics, manufacturing, energy, education, etc.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
According to the latest report by IMARC Group, titled "Global Network Optimization Services Market Size, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", The global network optimization services market reached a value of US$ 3.71 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.92 Billion by 2027 exhibiting a CAGR of 16.50% during 2022-2027.
Network Optimization Services Market Trends and Drivers:
The widespread adoption of cloud computing solutions across industries is primarily driving the network optimization services market. Additionally, the increasing utilization of Voice-over-Internet Protocol (VoIP) services to enhance the efficiency and capabilities of network management systems is further stimulating the market growth.
Besides this, the growing risk of network threats, such as hacking and data breaches, is inflating the need for network optimization solutions to facilitate seamless data transmission, eliminate latency issues, reduce costs, etc., which is acting as another significant growth-inducing factor. Moreover, significant advancements in network infrastructures and the rising number of data centers are also augmenting the global market.
Apart from this, the elevating integration of connected devices with the Internet of Things (IoT), virtual reality (VR), and augmented reality (AR) solutions for transforming and modernizing network engineering is anticipated to fuel the network optimization services market over the forecasted period.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Network Optimization Services Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis of region, service, organization size, deployment mode, application and industry vertical.
Breakup by Service:
Implementation
Consulting
Support and Maintenance
Breakup by Organization Size:
Small and Medium-sized Enterprise
Large Enterprise
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Application:
Local Network Optimization
WAN Optimization
RAN Optimization
Data Center Optimization
Breakup by Industry Vertical:
IT and Telecom
BFSI
Government and Defense
Transportation and Logistics
Manufacturing
Consumer Goods and Retail
Media and Entertainment
Energy and Utility
Healthcare and Life Sciences
Education
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Array Networks Inc.
Circadence
Cisco Systems Inc.
Citrix Systems Inc.
FatPipe Networks Inc.
Huawei Technologies Co. Ltd.
InfoVista S.A.
NETSCOUT Systems Inc.
Nokia Corporation
Riverbed Technology Inc.
SolarWinds Inc.
ZTE Corporation.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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