Network Transformation

Network Transformation

Global Network Transformation Market to Reach US$306.4 Billion by 2030

The global market for Network Transformation estimated at US$35.5 Billion in the year 2023, is expected to reach US$306.4 Billion by 2030, growing at a CAGR of 36.0% over the analysis period 2023-2030. Services Component, one of the segments analyzed in the report, is expected to record a 35.0% CAGR and reach US$189.5 Billion by the end of the analysis period. Growth in the Solutions Component segment is estimated at 37.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.8 Billion While China is Forecast to Grow at 33.7% CAGR

The Network Transformation market in the U.S. is estimated at US$10.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$48.5 Billion by the year 2030 trailing a CAGR of 33.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 32.2% and 30.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.5% CAGR.

Global Network Transformation Market - Key Trends & Drivers Summarized

What Is Network Transformation, and Why Is It Critical for Digital Transformation?
Network Transformation refers to the process of upgrading and modernizing an organization’s network infrastructure to support digital transformation initiatives, including cloud adoption, mobility, and next-generation technologies like AI, IoT, and 5G. This involves transitioning from traditional hardware-centric networks to software-defined, automated, and cloud-based architectures that can support greater agility, scalability, and security. Network transformation is critical for enabling businesses to meet the demands of the digital economy, where fast, reliable, and flexible network performance is essential for delivering high-quality services, optimizing operations, and supporting innovation.

How Is Network Transformation Driving Digital Business Innovation?
Network transformation is a key enabler of digital business innovation by providing the agility and scalability needed to support new applications and business models. As businesses adopt cloud computing, AI, and IoT technologies, they need networks that can dynamically adapt to changing workloads and provide real-time data access. Network transformation allows organizations to implement software-defined networking (SDN), which enables greater control and flexibility over network resources. This ensures that businesses can scale their networks quickly to meet demand, reduce latency, and improve the performance of mission-critical applications. Moreover, network transformation supports the deployment of edge computing, allowing businesses to process data closer to the source, which is critical for applications requiring low latency, such as autonomous vehicles, AR/VR, and smart manufacturing.

What Trends Are Driving the Evolution of Network Transformation?
Several trends are influencing the evolution of network transformation, with cloud adoption and automation playing key roles. The shift to multi-cloud and hybrid cloud environments is driving businesses to modernize their networks to ensure seamless connectivity and security across diverse cloud platforms. Another major trend is the rise of network automation, where AI and machine learning are used to automate network management tasks such as configuration, troubleshooting, and optimization. This reduces the need for manual intervention, allowing networks to operate more efficiently and adapt to real-time demands. Additionally, 5G technology is accelerating network transformation by enabling faster, more reliable connectivity and creating new opportunities for innovation in industries like telecommunications, healthcare, and manufacturing. Edge computing is also gaining traction, with businesses leveraging edge networks to process data closer to where it is generated, reducing latency and improving the performance of real-time applications.

What Factors Are Driving the Growth of the Network Transformation Market?
The growth in the network transformation market is driven by the increasing demand for scalable and agile network infrastructures, the rise of cloud computing, and the need to support next-generation technologies such as 5G, AI, and IoT. As organizations shift their workloads to the cloud and adopt hybrid IT environments, they require networks that can provide seamless connectivity and robust security across multiple platforms. The rise of edge computing is also fueling demand for network transformation, as businesses seek to reduce latency and improve the performance of real-time applications. Additionally, the deployment of 5G networks is creating opportunities for network transformation, enabling businesses to leverage the high-speed, low-latency capabilities of 5G to support innovative use cases. The increasing focus on network security, particularly in light of rising cyber threats, is further driving the adoption of network transformation solutions that integrate advanced security features to protect digital assets and maintain data integrity across complex IT environments.

Select Competitors (Total 11 Featured) -

• Accenture PLC
• Cisco Systems, Inc.
• Ericsson AB
• Fujitsu Ltd.
• Hewlett Packard Enterprise Development LP (HPE)
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Juniper Networks, Inc.
• Mavenir Systems, Inc.
• NEC Corporation
• Nokia Networks

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