May 15, 2020 (CDN Newswire via Comtex) -- The Global Network Transformation Market is estimated to grow from USD 6.01 Billion in 2019 to USD 66.86 Billion by 2026, at a CAGR of 61.9%. The primary factors that are driving the rise of this market are the extensive demand for bandwidth requirement.
Other factors responsible for the boost in the market are the rising trend of Bring Your Own Device (BYOD) policy, rise in deployment of IT as a service (ITaaS) and virtualization, and the partnership among market players for the development and promotion of enhanced networking systems.
This is the latest report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus attack on the world economy has impacted all, and thus its impacts are elucidated in-depth in the report for the Network Transformation market.
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Some of the dominant and influential players in the Network Transformation market are:
Cisco (US), Juniper Networks(US), HPE (US), Huawei (China), IBM (US), Dell EMC (US), NEC (Japan), Intel (US), Ericsson (Sweden), Samsung (South Korea), FUJITSU (Japan), Ciena (US), Accenture (US), GENBAND (US), AT&T (US), Arista Networks (US), and 6WIND (France).
Network Transformation Market Size - USD 66.86 Billion in 2019, Growth - CAGR of 61.9% between 2019 and 2026, Trends - Growing trend of BYOD policy and rise in deployment of ITaaS and virtualization.
The market is heavily consolidated owing to a large number of global, regional, and local key contenders having already established a significant footing. The key participants dominate the operations in the industry with their extensive geographical coverage and huge production facilities. Players operating in this market are in intense competition in terms of technological innovations, product development, and product pricing. To gain a competitive edge over the other competitors in the industry, the leading players are focusing more on ways to offer products at attractive prices.
Key highlights of the Network Transformation Reports:
The report encompasses segmentation and market information break down, including key participants. If you are involved in the Global Network Transformation industry or aspire to be involved, this report is a must-have. The report makes an in-depth study on the market share, growth rate, market drivers, future trends, restraints, opportunities, and challenges.
For the purpose of this report, Reports and Data has segmented the Network Transformation market on the basis of product and service, technology, application, end use, and region:
Network Transformation Market, By Integrant (Revenue, USD Million; 2016-2026)
Network Transformation Market, By Solution-Type (Revenue, USD Million; 2016-2026)
SDN and NFV
Network Transformation Market, By Service-Type (Revenue, USD Million; 2016-2026)
Network Transformation Market, By Company Size (Revenue, USD Million; 2016-2026)
Small and Medium-Sized Enterprise
Network Transformation Market, By Industry Vertical (Revenue, USD Million; 2016-2026)