North America Network Transformation Market Size, Share & Trends Analysis Report By Component, By Organization Size, By End Use, By Country and Growth Forecast, 2024 - 2031
The North America Network Transformation Market would witness market growth of 46.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Network Transformation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $238,439 million by 2031. The Canada market is experiencing a CAGR of 49.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 48.1% during (2024 - 2031).
The network transformation market is experiencing rapid growth as enterprises, service providers, and telecommunications companies across the globe work to modernize and optimize their networks to meet the demands of the digital age. Network transformation refers to upgrading, restructuring, and rethinking how network infrastructure is designed, deployed, and operated, aiming to improve performance, scalability, and flexibility while reducing operational costs.
Additionally, with the increasing demand for faster, more reliable connectivity and the proliferation of emerging technologies like 5G, IoT (Internet of Things), and cloud computing, network transformation has become a critical strategy for organizations in multiple industries.
The increasing investments in the telecommunications and healthcare sectors in Canada and Mexico are pivotal in driving the growth of the network transformation market. These two key factors are fostering demand for more advanced and efficient network infrastructure to support the evolving needs of both industries.
Based on Component, the market is segmented into Solution (SDN & NFV, Network Automation, C-Ran, and Other Solutions Type), and Services (Professional Services, and Managed Services). Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on End Use, the market is segmented into IT & Telecom, Energy & Utility, Healthcare, Government, Manufacturing, Retail, Media & Entertainment, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Cisco Systems, Inc.
- VMware, Inc. (Broadcom Inc.)
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- Juniper Networks, Inc.
- Check Point Software Technologies Ltd.
- IBM Corporation
- Anuta Networks International LLC
- BMC Software, Inc. (KKR & Co., Inc.)
- Open Text Corporation
By Component
- Solution
- SDN & NFV
- Network Automation
- C-Ran
- Other Solutions Type
- Services
- Professional Services
- Managed Services
- Large Enterprises
- Small & Medium Enterprises
- IT & Telecom
- Energy & Utility
- Healthcare
- Government
- Manufacturing
- Retail
- Media & Entertainment
- Other End Use
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Network Transformation Market, by Component
- 1.4.2 North America Network Transformation Market, by Organization Size
- 1.4.3 North America Network Transformation Market, by End Use
- 1.4.4 North America Network Transformation Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2023, Jun – 2024, Nov) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Network Transformation Market by Component
- 5.1 North America Solution Market by Region
- 5.2 North America Network Transformation Market by Solutions Type
- 5.2.1 North America SDN & NFV Market by Country
- 5.2.2 North America Network Automation Market by Country
- 5.2.3 North America C-Ran Market by Country
- 5.2.4 North America Other Solutions Type Market by Country
- 5.3 North America Services Market by Region
- 5.4 North America Network Transformation Market by Services Type
- 5.4.1 North America Professional Services Market by Region
- 5.4.2 North America Managed Services Market by Region
- Chapter 6. North America Network Transformation Market by Organization Size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America Small & Medium Enterprises Market by Country
- Chapter 7. North America Network Transformation Market by End Use
- 7.1 North America IT & Telecom Market by Country
- 7.2 North America Energy & Utility Market by Country
- 7.3 North America Healthcare Market by Country
- 7.4 North America Government Market by Country
- 7.5 North America Manufacturing Market by Country
- 7.6 North America Retail Market by Country
- 7.7 North America Media & Entertainment Market by Country
- 7.8 North America Other End Use Market by Country
- Chapter 8. North America Network Transformation Market by Country
- 8.1 US Network Transformation Market
- 8.1.1 US Network Transformation Market by Component
- 8.1.1.1 US Network Transformation Market by Solutions Type
- 8.1.1.2 US Network Transformation Market by Services Type
- 8.1.2 US Network Transformation Market by Organization Size
- 8.1.3 US Network Transformation Market by End Use
- 8.2 Canada Network Transformation Market
- 8.2.1 Canada Network Transformation Market by Component
- 8.2.1.1 Canada Network Transformation Market by Solutions Type
- 8.2.1.2 Canada Network Transformation Market by Services Type
- 8.2.2 Canada Network Transformation Market by Organization Size
- 8.2.3 Canada Network Transformation Market by End Use
- 8.3 Mexico Network Transformation Market
- 8.3.1 Mexico Network Transformation Market by Component
- 8.3.1.1 Mexico Network Transformation Market by Solutions Type
- 8.3.1.2 Mexico Network Transformation Market by Services Type
- 8.3.2 Mexico Network Transformation Market by Organization Size
- 8.3.3 Mexico Network Transformation Market by End Use
- 8.4 Rest of North America Network Transformation Market
- 8.4.1 Rest of North America Network Transformation Market by Component
- 8.4.1.1 Rest of North America Network Transformation Market by Solutions Type
- 8.4.1.2 Rest of North America Network Transformation Market by Services Type
- 8.4.2 Rest of North America Network Transformation Market by Organization Size
- 8.4.3 Rest of North America Network Transformation Market by End Use
- Chapter 9. Company Profiles
- 9.1 Cisco Systems, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 VMware, Inc. (Broadcom Inc.)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Fortinet, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.5.3 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Palo Alto Networks, Inc.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Juniper Networks, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Check Point Software Technologies Ltd.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 IBM Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional & Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Anuta Networks International LLC
- 9.8.1 Company Overview
- 9.9 BMC Software, Inc. (KKR & Co., Inc.)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Recent strategies and developments:
- 9.9.3.1 Acquisition and Mergers:
- 9.9.4 SWOT Analysis
- 9.10. Open Text Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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