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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.
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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?
For any questions related to network transformation market or related to network transformation companies, network transformation market size, network transformation market share, network transformation market growth, network transformation market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Network Transformation Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Network Transformation Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Network Transformation Market by Solution
3.3.1: 5G Networks
3.3.2: C-RAN
3.3.3: Network Automation
3.3.4: SDN & NFV
3.4: Global Network Transformation Market by Service
3.4.1: Professional Service
3.4.2: Managed Service
3.5: Global Network Transformation Market by End Use Industry
3.5.1: BFSI
3.5.2: Energy & Utility
3.5.3: Government
3.5.4: Healthcare
3.5.5: IT & Telecom
3.5.6: Manufacturing
3.5.7: Retail
3.5.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Network Transformation Market by Region
4.2: North American Network Transformation Market
4.2.1: North American Network Transformation Market by Solution: 5G Networks, C-RAN, Network Automation, and SDN & NFV
4.2.2: North American Network Transformation Market by End Use Industry: BFSI, Energy & Utility, Government, Healthcare, IT & Telecom, Manufacturing, Retail, and Others
4.3: European Network Transformation Market
4.3.1: European Network Transformation Market by Solution: 5G Networks, C-RAN, Network Automation, and SDN & NFV
4.3.2: European Network Transformation Market by End Use Industry: BFSI, Energy & Utility, Government, Healthcare, IT & Telecom, Manufacturing, Retail, and Others
4.4: APAC Network Transformation Market
4.4.1: APAC Network Transformation Market by Solution: 5G Networks, C-RAN, Network Automation, and SDN & NFV
4.4.2: APAC Network Transformation Market by End Use Industry: BFSI, Energy & Utility, Government, Healthcare, IT & Telecom, Manufacturing, Retail, and Others
4.5: ROW Network Transformation Market
4.5.1: ROW Network Transformation Market by Solution: 5G Networks, C-RAN, Network Automation, and SDN & NFV
4.5.2: ROW Network Transformation Market by End Use Industry: BFSI, Energy & Utility, Government, Healthcare, IT & Telecom, Manufacturing, Retail, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Network Transformation Market by Solution
6.1.2: Growth Opportunities for the Global Network Transformation Market by Service
6.1.3: Growth Opportunities for the Global Network Transformation Market by End Use Industry
6.1.4: Growth Opportunities for the Global Network Transformation Market Region
6.2: Emerging Trends in the Global Network Transformation Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Network Transformation Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Network Transformation Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: NEC Corporation
7.2: IBM
7.3: Juniper Networks
7.4: Fujitsu
7.5: Cisco Systems
7.6: Dell
7.7: Ericsson
7.8: Ciena
7.9: Intel Corporation
7.10: HPE
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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