As per the report, the global network optimization services industry was pegged at $3.04 billion in 2020, and is estimated to reach $9.78 billion by 2028, growing at a CAGR of 16.1% from 2021 to 2028.
Rise in demand for VoIP services across organizations and developments in network infrastructure has boosted the growth of the global network optimization services market. However, advancements in WAN and RAN optimization technology hamper the market growth.
On the contrary, an increase in the number of production facilities is expected to open lucrative opportunities for the market players in the future.
Download Sample Report (Get Full Insights in PDF – 358 Pages) at: https://www.alliedmarketresearch.com/request-sample/12080
By service, the implementation segment dominated the market in 2020, accounting for more than two-fifths of the global network optimization services market, due to the rise in demand for remote working and work-from-home solutions because of the Covid-19 pandemic.
However, the consulting segment is projected to manifest the largest CAGR of 18.1% from 2021 to 2028, due to the trend of digital transformation for higher customer reach & scope and uninterrupted communication for smooth business growth.
By application, the WAN optimization segment held the lion’s share in 2020, contributing to around half of the global network optimization services market, as SD-WAN has changed the way networks support corporate applications by proactively regulating and effectively using all available WAN transport resources.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report
However, the RAN optimization segment is estimated to register the highest CAGR of 18.2% from 2021 to 2028, owing to a rise in awareness about industry-specific services and development in the field of artificial intelligence and machine learning.
Based on region, the global network optimization services market across North America held the largest share in 2020, accounting for nearly two-fifths of the market, owing to the adoption of the architecture of network solutions.
However, the market across Asia-Pacific is anticipated to showcase the fastest CAGR of 17.9% during the forecast period, due to the rise in demand for on-premise applications and rapidly proliferating in cloud computing.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/12080
Covid-19 Scenario:
- Due to the Covid-19 pandemic, increase in need for network optimization services from government agencies and policymakers were observed to implement AI systems, big data analytics, and data analysis software to monitor the spread in real-time, make predictions, and classify Covid-19 treatment drugs.
- Several businesses opted for a “work from home” culture and employed suitable measures to ensure optimal performance and security of their network infrastructure owing to increase in network threats such as data breaches and hacking.
Some of the major companies operating in the market are Solarwinds, Cisco Systems, Huawei, Nokia Corporation, ZTE, Infovista, Citrix, Circadence, Fatpipe Networks, and Netscout Systems. This study includes network optimization services market trends, network optimization services market analysis, and future estimations to determine the imminent investment pockets.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12080
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Related Report:
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter