The latest research study “Network Optimization Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global network optimization services market size reached US$ 4.4 Billion in 2022. Looking forward, the market expected to reach US$ 11.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.2% during 2023-2028.
Network optimization services are a set of tools, technologies, and techniques that aid businesses improve their network domain functionality. Some commonly available network optimization services include local network optimization, data center optimization, wide area network (WAN) optimization, and radio access network (RAN) optimization. They maximize network utilization, secure optimal performance, and assist enterprises in achieving their business goals. They also provide various benefits, including improved productivity, heightened security and reliability, strengthened disaster recovery, faster network speed, and elevated customer experience. As a result, network optimization services are extensively adopted across banking, financial services, and insurance (BFSI), transportation, logistics, travel, tourism, manufacturing, retail, media, entertainment, telecom, government, defense, energy, healthcare, education, information technology, and life sciences industries.
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Network Optimization Services Market Trends and Drivers:
The market is primarily driven by the extensive utilization of network optimization services as they enhance the efficiency and abilities of network management systems, personnel, and processes to maximize returns on investment (ROI). In addition, the rapid adoption of these solutions to promote seamless data transmission, reduce costs, and eliminate latency issues represents another major growth-inducing factor.
Moreover, the increasing usage of voice-over-Internet protocol (VoIP) services and the growing awareness regarding the benefits of network optimizations are accelerating market growth. Apart from this, with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, companies are increasingly adopting work-from-home (WFH) policies and using advanced measures to enhance the performance and security of their network infrastructure.
This, coupled with the increasing network threats, such as data breaches and hacking, is providing a positive thrust to market growth. Other factors, including technological advancements, changing consumer requirements, and emerging applications across various end-use industries, are also creating a favorable market outlook.
Global Network Optimization Services Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Network Optimization Services Companies:
Array Networks Inc., Circadence, Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., Huawei Technologies Co. Ltd., InfoVista S.A., NETSCOUT Systems Inc., Nokia Corporation, Riverbed Technology Inc., SolarWinds Inc. and ZTE Corporation.
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The report has segmented the market on the basis of region, service, organization size, deployment mode, application and industry vertical.
Breakup by Service:
- Implementation
- Consulting
- Support and Maintenance
Breakup by Organization Size:
- Small and Medium-sized Enterprise
- Large Enterprise
Market Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Application:
- Local Network Optimization
- WAN Optimization
- RAN Optimization
- Data Center Optimization
Breakup by Industry Vertical:
- IT and Telecom
- BFSI
- Government and Defense
- Transportation and Logistics
- Manufacturing
- Consumer Goods and Retail
- Media and Entertainment
- Energy and Utility
- Healthcare and Life Sciences
- Education
Market Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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