Home Press Releases Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

by Press Room


(EMAILWIRE.COM, March 20, 2023 ) Pune 8 Mar 2023: As per the Maximize Market research, a global business and consultancy firm, the
global “Network Transformation Market” was USD 48.47 billion in 2021 is expected to grow at a CAGR of
41.7 percent during the forecast period to reach USD 787.85 billion by 2029.
Network Transformation Market Scope and Research Methodology
The report on Network Transformation Market provides an in-depth analysis of the market long with the
market size and growth rates. The market analysis is typically conducted using quantitative and qualitative methods, including SWOT analysis and Porter’s Five Forces model. Which provides information about drivers, restraints, opportunities and competitive landscapes.
Network Transformation Market Dynamics
The network transformation market is being driven by a combination of factors, including the need for better connectivity and faster speeds, the rise of cloud computing and IoT. The demand for more efficient and cost-effective networks and the increasing adoption of virtualization and software-defined networking technologies is expected to duel the market growth.
Network Transformation Market Regional Insights
North America held the largest share of the Network Transformation Market in 2021. This is on account of developments in information technology and the presence of world leading tech companies in the region driving the North America Network Transformation Market.
Network Transformation Market Segmentation:
By Component:
 Services
 Solutions
By Solution:
 5G Networks
 Network Automation
By Services:
 Managed Services
 Professional Services
By Organization Size:
 Small & Medium Enterprises
 Large Enterprises
By Vertical:
 Manufacturing
 Energy & Utilities
 Telecom
 IT
Network Transformation Market Key Competitors Include:
 Juniper Networks
 Intel
 Ericsson
 Accenture
 Infineon
 Fujitsu
 Cisco Systems
Maximize Market Research is leading Information Technology & Telecommunication research firm,has also published the following reports:
Augmented Reality and Virtual Reality Market: The market is expected to hit USD 280.06 Bn by 2029 at a CAGR of 38.1 percent during the forecast period.
IoT Integration Market: The market was USD 1.75 billion in 2021 is expected to grow at a CAGR of 28.25
percent to reach USD 12.85 billion by 2029.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on more than 10,000 high growth emerging
opportunities & technologies as well as threats to new entrants across the Healthcare, Pharmaceuticals,
Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and
other manufacturing sectors.

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