According to the latest report by IMARC Group, titled “Network Optimization Services Market Size : Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global semiconductor foundry market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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 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 |
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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.
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:
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
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
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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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