Network Transformation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Network Transformation Market covers analysis by Component [Solutions (SDN & NFV, RAN, 5G Networks, and Network Automation) and Services (Professional Services and Managed Services)], Organization Size (SMEs and Large Enterprises), Vertical (IT, Energy & Utilities, Manufacturing, Media & Entertainment, Telecom, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00011021
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
Buy Now

The network transformation market was expected to reach at US$ 19.27 billion in 2021 and it is expected to grow at a CAGR of 40.6% between 2022 to 2031.

Businesses are rapidly embracing significant network technologies to support business initiatives and gain a competitive advantage. The growing emphasis of organizations on creating a digital workplace with minimum network downtimes has become a major driving factor for network transformation market. The digital transformation uses technologies to create new or modify existing business processes and customer experiences to meet the ever-changing business environment. Digital transformation has common goals, such as improving efficiency, adding value, and promoting innovation. As companies are increasingly adopting digital transformation to deliver better customer experiences and compete more effectively, there is a growing need for transformation of network that support such modernization of information technology (IT) within different enterprises. This parameter has been bolstering the network transformation market in the current scenario.

MARKET DYNAMICS
Digital transformation is boosted by factors such as migration to the cloud and rapid growth in data generation. Companies have continually migrated their workloads to the cloud for better flexibility and workload portability. Hence, the public cloud is becoming an increasingly important asset for a company’s IT strategy. In 2021, enterprises contributed to creating, capturing, and replicating about 46 zettabytes of data. Most enterprises cannot derive valuable business insights from such huge amounts of generated data. Artificial intelligence (AI) and machine learning (ML) can be utilized for harnessing meaningful insights from such data; however, for doing so, companies first need to address certain critical aspects, including multicloud data management, data privacy, and data governance. To attend to all such factors and avail the advantages of such advanced technologies, transformation of network is becoming the priority for most enterprises. Several major enterprises (e.g., Cargill, P&G, and Mercedes Benz) from different industry verticals have been availing digital and network transformation for improving business processes.  The presence of such large well-established players with significant high demand for network transformations help the network transformation market players to design and develop newer solutions and services and offer the same at competitive prices. This drives the network transformation market.

MARKET SCOPE
The "Global Network Transformation Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of market with detailed market segmentation by component, organization size, and vertical. The report provides key statistics on the market status of the leading network transformation industry player and offers key trends and opportunities in the network transformation market.

Strategic Insights

MARKET SEGMENTATION
The global network transformation market is segmented into component, organization size, and vertical. Based on component, the market is segmented into solutions and services. The solutions segment is further segmented into SDN & NFV, RAN, 5G networks, and network automation. The services segment is further bifurcated into professional services and managed services. In terms of organization size, the market is segmented into SMEs and large enterprises. From vertical point of reference, the market is categorized into IT, energy & utilities, manufacturing, media & entertainment, telecom, and others.


RD Image
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global network transformation market based on various segments. It also provides market size and forecast estimates from 2020 to 2028 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The network transformation market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.

From the regional perspective, North American dominated the network transformation market with ~32% market share in 2021. The dominance of North American in the network transformation market is majorly due to the presence of large number of rotor manufacturers as well as helicopter manufacturers. Some of the key rotor manufacturers in the region include Advanced Technologies Inc., Dakota Air Parts, and Van Horn Aviation. These suppliers witness constant demand from helicopter manufacturers such as Boeing, Sikorsky, and Bell Textron. The below figure showcases the revenue growth trend in the global network transformation market:

Network Transformation Market

Source: The Insight Partners Analysis

The report analyzes factors affecting network transformation market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, effecting the market during the forecast period. The report also provides exhaustive PEST analysis highlighting the factors affecting the network transformation market.

IMPACT OF COVID-19 PANDEMIC

Implementing containment measures such as trade bans, travel restrictions, and workforce limitations at workplaces has impacted various businesses' manufacturing, supply, and sales. Such disruptions promoted work from anywhere (WFA) trends, which, in turn, resulted in strong adoption of digital transformation across the globe. Employees were instructed to work from home, while the company scaled their IT infrastructure to accommodate such changes. Hence, there was a spurt in the demand for network transformation during that period. With growing vaccination drives, businesses have started to return to their pre-COVID state but are mostly enjoying the steps taken during the pandemic, with regards to IT infrastructure. Thus, the pandemic positively impacted the global network transformation market.

World Geography
Strategic Insights

Have a question?

Analyst

Naveen

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

The reports cover key developments in the network transformation market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base. The key players from network transformation market are anticipated to witness lucrative growth opportunities with the rising demand for network transformation.

The report also includes the profiles of key network transformation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Below mentioned is the list of a few companies engaged in the network transformation market.

  • Cisco Systems, Inc.
  • IBM Corporation
  • Juniper Networks, Inc.
  • Huawei Technologies Co., Ltd.
  • Telefonaktiebolaget LM Ericsson
  • NEC Corporation
  • Dell EMC
  • Intel Corporation
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


Market Research

technology-media-and-telecomunications
Research Criteria
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Organization Size, and Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

The List of Companies

1. Cisco Systems, Inc.
2. FUJITSU
3. Hewlett Packard Enterprise Development LP
4. Huawei Technologies Co., Ltd.
5. IBM
6. Intel Corporation
7. Juniper Networks, Inc.
8. NEC Corporation
9. SAMSUNG
10. Telefonaktiebolaget LM Ericsson

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Network Transformation Market