Network Transformation Market Report: Trends, Forecast and Competitive Analysis

Network Transformation Market Trends and Forecast

The future of the global network transformation market looks promising with opportunities in the BFSI, energy & utility, government, healthcare, IT & telecom, manufacturing, and retail markets. The global network transformation market is expected to reach an estimated $134.0 billion by 2028 with a CAGR of 42.3% from 2024 to 2030. The major drivers for this market are growing adoption of IT as a service, BYOD policy, and network virtualization, rising need for the enhancement of present networking solutions ,and increasing bandwidth requirement.

A more than 150-page report is developed to help in your business decisions. To learn the scope, benefits, companies researched and other details of the global network transformation market report.

Network Transformation Market by Segment

The study includes a forecast for the global network transformation market by solution, service, end use industry, and region

Network Transformation Market by Solution [Shipment Analysis by Value from 2018 to 2030]:

• 5G Networks
• C-RAN
• Network Automation
• SDN & NFV

Network Transformation Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Professional Service
• Managed Service

Network Transformation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Energy & Utility
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Network Transformation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Network Transformation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies network transformation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the network transformation companies profiled in this report include-

• NEC Corporation
• IBM
• Juniper Networks
• Fujitsu
• Cisco Systems
• Dell
• Ericsson
• Ciena
• Intel Corporation
• HPE

Network Transformation Market Insights

Lucintel forecasts that 5G networks is expected to witness highest growth over the forecast period due to increasing adoption of virtual networking environment in telecommunication and growing mobile data traffic.

Within this market, IT and telecom will remain the largest segment due to growing need for data center functions so as to integrate with business operations for enhancing operational efficiency.

APAC is expected to witness highest growth over the forecast period due to growing adoption of cloud-based solutions and increasing investments in data security among market players in the region.

Features of the Global Network Transformation Market

Market Size Estimates: Network transformation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Network transformation market size by various segments, such as by solution, service, end use industry, and region in terms of value ($B).

Regional Analysis: Network transformation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different solutions, services, end use industries, and regions for the network transformation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the network transformation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the network transformation market size?

Answer: The global network transformation market is expected to reach an estimated $134.0 billion by 2030.

Q.2 What is the growth forecast for network transformation market?

Answer: The global network transformation market is expected to grow with a CAGR of 42.3% from 2024 to 2030

Q.3 What are the major drivers influencing the growth of the network transformation market?

Answer: The major drivers for this market are growing adoption of IT as a service, BYOD policy, and network virtualization rising need for the enhancement of present networking solutions increasing bandwidth requirement

Q4. What are the major segments for network transformation market?

Answer: The future of the Network Transformation Market looks promising with opportunities in the BFSI, energy & utility, government, healthcare, IT & telecom, manufacturing, and retail markets.

Q5. Who are the key network transformation market companies?

Answer: Some of the key Network Transformation Market companies are as follows:

• NEC Corporation
• IBM
• Juniper Networks
• Fujitsu
• Cisco Systems
• Dell
• Ericsson
• Ciena
• Intel Corporation
• HPE

Answer: Lucintel forecasts that 5G networks is expected to witness highest growth over the forecast period due to increasing adoption of virtual networking environment in telecommunication and growing mobile data traffic.

Q7. In network transformation market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing adoption of cloud-based solutions and increasing investments in data security among market players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the network transformation market by solution (5G network, C-RAN, network automation, and SDN &NFV), service (professional service and managed service), end use industry (BFSI, energy & utility, government, healthcare, IT & telecom, manufacturing, retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?