Network Optimization Services Market 2019 – Global Size, Sales Revenue, Developments, Business Growth, Competitive Landscape, Segmentation and Comprehensive Research Study 2023
Market Research Future published a research report on “Network Optimization Services Market Research Report -Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – September 14, 2019 /MarketersMedia/ —
Market Insights
Network optimization services are used to refine the network performance in any given situation. It is a key part of the operative information system management and players a vital role in network management in industrial enterprises. This is primarily because the growth and acceptance of IT technologies have resulted in the production of large volumes of data which inevitably requires higher processing power in the form of larger network bandwidths. Market Research Future’s report on the global Network Optimization Services Market has uncovered and detailed various vital factors driving the growth of the market. MRFR’s research findings indicate that the global network optimization services market is expected to grow at a CAGR of 13% during the assessment period from 2017 to 2023. The rapid growth of the market is expected to drive the market toward a value of USD 8 Bn by the end of 2023.
Network optimization is a crucial part of the IT infrastructure in any enterprise that deals with large volumes of data as it aids fast and continuous growth with ease. Lack of deployment of such services is likely to put immense stress on the network architecture and cause problems that affect the efficiency of an organization. Network optimization services are increasingly being adopted by corporations and enterprises of various sizes due to the growing expansion of various organizations into branch offices and as well as the growing number of data centers. Additionally, the growth of virtualization is driving the market. Providers of such services are also constantly improving their solutions and offerings to help lift revenue progression.
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Market Segmentation
The market for network optimization services is segmented on the basis of application, service type, deployment, and industry.
Application-dependent segments in the global market are Local Area Network (LAN) optimization, Wide Area Network (WAN) optimization, Radio Access Network (RAN), and data center optimization. Among these, the Wide Area Network (WAN) optimization solutions are leading the current market, exhibiting a fast growth. Increasing demand for the implementation of network and application optimization on branch office networks seems to be a positive factor in market growth. In addition, various enterprises have taken applications out of branch offices, combining them with central data centers, followed by the workforce retrieving these requests and dispersing at detached locations.
Services-wise, the market is segmented into consulting service, implementation service, managed services, and maintenance & support services. Among these, the consulting service and implementation service has amassed the largest market share and are noted to show moderate growth. The network implementation service is inclusive of all the hardware and software implementations in the network that demands highly technical skill as well as expertise. Moreover, these services are managed by either the company or are outsourced and managed by a third party.
As per deployment, the network optimization services market can be deployed on-cloud or on-premise. The cloud deployment is considered to be growing at the fastest rate among the two. Although cloud deployment needs large installation cost however it is easy to manage and operate from distant locations as well.
Key Players
Some of the prominent players in the market: SolarWinds Inc (U.S.), Cisco Systems, Inc (U.S.), Huawei Technologies Co. Ltd (China), Nokia Corporation (Finland), ZTE Corporation (China), Info vista (France), Citrix Systems, Inc (U.S.), NETSCOUT Systems, Inc (U.S.), Silver Peak Systems (U.S.), Circadence Corporation (U.S.), Riverbed Technology, Inc among others
Regional Outlook
Region-wise, the global market is segmented into Europe, North America, Asia Pacific, and the Rest of the world (RoW).
North America grabbed the lion’s share in the global market in 2016, while touted to retain its top position during the forecast period. North America is inundated with highly developed nations like the United States (U.S.) and Canada. There are various companies that are eagerly capitalizing in the region of North America. The main factor that adds fuel to the growth of the North America market is the rapid adoption of emerging technologies like smartphones and cloud platforms, in addition to the stable economy, infrastructure costs and technology enhancements. In addition, the increased cloud deployments along with the increasing adoption of online service delivery are highly instrumental in the growth of the network optimization market. Moving forward, a number of organizations in the region are adopting inorganic growth strategies in order to solidify their presence on a global platform.
Europe, on the other hand, is anticipated to depict a steady growth over the review period as the market has already matured in countries such as the United Kingdom (U.K) and Germany. Even though the region of Asia Pacific is not holding much of the market share, the region is still in the run to acquire substantial market share in the future backed by the presence of emerging countries such as India, Japan, Australia and China who are the major contributors to the network optimization services market. These countries are continuously adopting the cloud and mobile technologies, boasting of a favorable market for network optimization solution and service vendors.
In the Asia Pacific, the main drivers of the market growth are increased cloud deployments and growing adoption of online service delivery. Moreover, various organizations in the region have adopted inorganic growth strategies to gain a competitive edge amongst their competitors.
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Intended Audience
• Network optimization services providers
• Network management solution providers
• WAN optimization services providers
• Data Analytics vendors
• Cloud Service providers
• Project accounting solution providers
• Value-added resellers
• Research firms
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Organization: Market Research Future
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Source: MarketersMedia
Release ID: 88918766
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