The latest research study “Network Optimization Services Market Report: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
What does Network Optimization mean?
The tools and methods that help organisations increase the functionality of their network domains are collectively referred to as network optimization services. They mainly consist of radio access network (RAN), local network, wide area network (WAN), data centre optimization, etc. Network optimization services assist businesses achieve their objectives and get a competitive edge in the market by ensuring optimal performance, enhancing user experience, and maximising network utilisation. They are therefore widely used in many different industries, including transportation, logistics, manufacturing, energy, and education.
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.
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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.
| Network Optimization Services Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 3.71 Billion |
| Market forecast in 2027 | US$ 9.92 Billion |
| Growth Rate | CAGR of 16.50% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
Global Network Optimization Services Market 2022-2027 Analysis and Segmentation:
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. and ZTE Corporation.
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
Market 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
Market 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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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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