Network Transformation Market Research Report - Global Forecast till 2027

Global Network Transformation Market Research Report: By Component (Solution [5G Networks, C-RAN, Network Automation and SDN & NFV] and Services [Professional Services and Managed Services]), By Organization Size (Small & Medium Enterprise and Large Enterprise), By Vertical (BFSI, Energy & Utility, Government, Healthcare, IT & Telecom, Manufacturing, Retail and Others) and By Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/ICT/8969-HCR | March 2021 | Region: Global | 100 Pages         

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Network Transformation Market, by Component

1.1.2. Global Network Transformation Market, by Organization Size

1.1.3. Global Network Transformation Market, by Vertical

1.1.4. Global Network Transformation Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Rising demand for IT as a service

4.2.2. Increasing trend of bring your own device by organizations

4.2.3. Adoption of network virtualization

4.3. Restraint

4.3.1. Lack of skilled workforce

4.4. Opportunity

4.4.1. Rapid advancements in technology

4.5. Challenges

4.5.1. Assurance of business readiness

4.6. Impact of COVID-19

4.6.1. Impact on business intelligence

4.6.2. Impact on healthcare industry

4.6.3. Impact on IT industry

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis/Supply Chain Analysis

5.2. Porter’s Five Forces Model

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

6. GLOBAL NETWORK TRANSFORMATION MARKET, BY COMPONENT

6.1. Introduction

6.2. Solution

6.2.1. 5G Networks

6.2.2. C-RAN

6.2.3. Network Automation

6.2.4. SDN & NFV

6.3. Services

6.3.1. Professional Services

6.3.2. Managed Services

7. GLOBAL NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE

7.1. Introduction

7.2. Small & Medium Enterprise

7.3. Large Enterprise

8. GLOBAL NETWORK TRANSFORMATION MARKET, BY VERTICAL

8.1. Introduction

8.2. BFSI

8.3. Energy & Utility

8.4. Government

8.5. Healthcare

8.6. IT & Telecom

8.7. Manufacturing

8.8. Retail

8.9. Others

9. GLOBAL NETWORK TRANSFORMATION MARKET, BY REGION

9.1. Overview

9.2. North America

9.2.1. Market Size & Estimates, by Country, 2020–2027

9.2.2. Market Size & Estimates, by Component, 2020–2027

9.2.3. Market Size & Estimates, by Organization Size, 2020–2027

9.2.4. Market Size & Estimates, by Vertical, 2020–2027

9.2.5. US

9.2.5.1. Market Size & Estimates, by Component, 2020–2027

9.2.5.2. Market Size & Estimates, by Organization Size, 2020–2027

9.2.5.3. Market Size & Estimates, by Vertical, 2020–2027

9.2.6. Canada

9.2.6.1. Market Size & Estimates, by Component, 2020–2027

9.2.6.2. Market Size & Estimates, by Organization Size, 2020–2027

9.2.6.3. Market Size & Estimates, by Vertical, 2020–2027

9.2.7. Mexico

9.2.7.1. Market Size & Estimates, by Component, 2020–2027

9.2.7.2. Market Size & Estimates, by Organization Size, 2020–2027

9.2.7.3. Market Size & Estimates, by Vertical, 2020–2027

9.3. Europe

9.3.1. Market Size & Estimates, by Country, 2020–2027

9.3.2. Market Size & Estimates, by Component, 2020–2027

9.3.3. Market Size & Estimates, by Organization Size, 2020–2027

9.3.4. Market Size & Estimates, by Vertical, 2020–2027

9.3.5. Germany

9.3.5.1. Market Size & Estimates, by Component, 2020–2027

9.3.5.2. Market Size & Estimates, by Organization Size, 2020–2027

9.3.5.3. Market Size & Estimates, by Vertical, 2020–2027

9.3.6. UK

9.3.6.1. Market Size & Estimates, by Component, 2020–2027

9.3.6.2. Market Size & Estimates, by Organization Size, 2020–2027

9.3.6.3. Market Size & Estimates, by Vertical, 2020–2027

9.3.7. France

9.3.7.1. Market Size & Estimates, by Component, 2020–2027

9.3.7.2. Market Size & Estimates, by Organization Size, 2020–2027

9.3.7.3. Market Size & Estimates, by Vertical, 2020–2027

9.3.8. Rest of Europe

9.3.8.1. Market Size & Estimates, by Component, 2020–2027

9.3.8.2. Market Size & Estimates, by Organization Size, 2020–2027

9.3.8.3. Market Size & Estimates, by Vertical, 2020–2027

9.4. Asia Pacific

9.4.1. Market Size & Estimates, by Country, 2020–2027

9.4.2. Market Size & Estimates, by Component, 2020–2027

9.4.3. Market Size & Estimates, by Organization Size, 2020–2027

9.4.4. Market Size & Estimates, by Vertical, 2020–2027

9.4.5. China

9.4.5.1. Market Size & Estimates, by Component, 2020–2027

9.4.5.2. Market Size & Estimates, by Organization Size, 2020–2027

9.4.5.3. Market Size & Estimates, by Vertical, 2020–2027

9.4.6. Japan

9.4.6.1. Market Size & Estimates, by Component, 2020–2027

9.4.6.2. Market Size & Estimates, by Organization Size, 2020–2027

9.4.6.3. Market Size & Estimates, by Vertical, 2020–2027

9.4.7. India

9.4.7.1. Market Size & Estimates, by Component, 2020–2027

9.4.7.2. Market Size & Estimates, by Organization Size, 2020–2027

9.4.7.3. Market Size & Estimates, by Vertical, 2020–2027

9.4.8. Rest of Asia-Pacific

9.4.8.1. Market Size & Estimates, by Component, 2020–2027

9.4.8.2. Market Size & Estimates, by Organization Size, 2020–2027

9.4.8.3. Market Size & Estimates, by Vertical, 2020–2027

9.5. Middle East & Africa

9.5.1.1. Market Size & Estimates, by Component, 2020–2027

9.5.1.2. Market Size & Estimates, by Organization Size, 2020–2027

9.5.1.3. Market Size & Estimates, by Vertical, 2020–2027

9.6. South America

9.6.1.1. Market Size & Estimates, by Component, 2020–2027

9.6.1.2. Market Size & Estimates, by Organization Size, 2020–2027

9.6.1.3. Market Size & Estimates, by Vertical, 2020–2027

10. COMPETITIVE LANDSCAPE

10.1. Introduction

10.2. Key Players Market Share Analysis, 2020 (%)

10.3. Competitive Benchmarking

10.4. Competitor Dashboard

10.5. Major Growth Strategy in the market

10.6. Key Developments & Growth Strategies

10.6.1. New Product Development

10.6.2. Mergers & Acquisitions

10.6.3. Contracts & Agreements

11. COMPANY PROFILES

11.1. Ciena Corporation

11.1.1. Company Overview

11.1.2. Financial Overview

11.1.3. Products/Components/Solutions Offered

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. Cisco Systems, Inc.

11.2.1. Company Overview

11.2.2. Financial Overview

11.2.3. Products/Components/Solutions Offered

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. Telefonaktiebolaget LM Ericsson

11.3.1. Company Overview

11.3.2. Financial Overview

11.3.3. Products/Components/Solutions Offered

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. Dell Inc.

11.4.1. Company Overview

11.4.2. Financial Overview

11.4.3. Products/Components/Solutions Offered

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. FUJITSU

11.5.1. Company Overview

11.5.2. Financial Overview

11.5.3. Products/Components/Solutions Offered

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

11.6. Juniper Networks, Inc.

11.6.1. Company Overview

11.6.2. Financial Overview

11.6.3. Products/Components/Solutions Offered

11.6.4. Key Developments

11.6.5. SWOT Analysis

11.6.6. Key Strategies

11.7. Hewlett Packard Enterprise Development LP

11.7.1. Company Overview

11.7.2. Financial Overview

11.7.3. Products/Components/Solutions Offered

11.7.4. Key Developments

11.7.5. SWOT Analysis

11.7.6. Key Strategies

11.8. Intel Corporation

11.8.1. Company Overview

11.8.2. Financial Overview

11.8.3. Products/Components/Solutions Offered

11.8.4. Key Developments

11.8.5. SWOT Analysis

11.8.6. Key Strategies

11.9. IBM Corporation

11.9.1. Company Overview

11.9.2. Financial Overview

11.9.3. Products/Components/Solutions Offered

11.9.4. Key Developments

11.9.5. SWOT Analysis

11.9.6. Key Strategies

11.10. NEC Corporation

11.10.1. Company Overview

11.10.2. Financial Overview

11.10.3. Products/Components/Solutions Offered

11.10.4. Key Developments

11.10.5. SWOT Analysis

11.10.6. Key Strategies

11.11. Ribbon Communications Operating Company, Inc.

11.11.1. Company Overview

11.11.2. Financial Overview

11.11.3. Products/Components/Solutions Offered

11.11.4. Key Developments

11.11.5. SWOT Analysis

11.11.6. Key Strategies

11.12. Wipro Limited

11.12.1. Company Overview

11.12.2. Financial Overview

11.12.3. Products/Components/Solutions Offered

11.12.4. Key Developments

11.12.5. SWOT Analysis

11.12.6. Key Strategies

11.13. TATA Communications

11.13.1. Company Overview

11.13.2. Financial Overview

11.13.3. Products/Components/Solutions Offered

11.13.4. Key Developments

11.13.5. SWOT Analysis

11.13.6. Key Strategies

11.14. Sakon

11.14.1. Company Overview

11.14.2. Financial Overview

11.14.3. Products/Components/Solutions Offered

11.14.4. Key Developments

11.14.5. SWOT Analysis

11.14.6. Key Strategies

11.15. Curvature

11.15.1. Company Overview

11.15.2. Financial Overview

11.15.3. Products/Components/Solutions Offered

11.15.4. Key Developments

11.15.5. SWOT Analysis

11.15.6. Key Strategies

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 3 GLOBAL NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 4 GLOBAL NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 5 GLOBAL NETWORK TRANSFORMATION MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 6 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 7 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 10 US: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 11 US: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 12 US: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 13 CANADA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 14 CANADA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 15 CANADA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 16 MEXICO: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 17 MEXICO: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 18 MEXICO: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 19 EUROPE: NETWORK TRANSFORMATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 20 EUROPE: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 21 EUROPE: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 22 EUROPE: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 23 UK: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 24 UK: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 25 UK: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 26 GERMANY: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 27 GERMANY: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 28 GERMANY: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 29 FRANCE: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 30 FRANCE: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 31 FRANCE: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 32 REST OF EUROPE: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 33 REST OF EUROPE: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 34 REST OF EUROPE: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 35 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 39 CHINA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 40 CHINA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 41 CHINA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 42 INDIA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 43 INDIA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 44 INDIA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 45 JAPAN: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 46 JAPAN: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 47 JAPAN: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 48 REST OF ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 49 REST OF ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 50 REST OF ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 51 MIDDLE EAST AND AFRICA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 52 MIDDLE EAST AND AFRICA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 53 MIDDLE EAST AND AFRICA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

TABLE 54 SOUTH AMERICA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 55 SOUTH AMERICA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

TABLE 56 SOUTH AMERICA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

 

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 RESEARCH PROCESS OF MRFR

FIGURE 3 TOP DOWN & BOTTOM-UP APPROACH

FIGURE 4 GLOBAL NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 5 GLOBAL NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

FIGURE 6 GLOBAL NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 7 GLOBAL NETWORK TRANSFORMATION MARKET, BY REGION, 2020 & 2027 (USD MILLION)

FIGURE 8 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 9 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 10 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

FIGURE 11 NORTH AMERICA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 12 EUROPE: NETWORK TRANSFORMATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 13 EUROPE: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 14 EUROPE: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

FIGURE 15 EUROPE: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 16 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 17 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 18 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

FIGURE 19 ASIA-PACIFIC: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 20 MIDDLE EAST AND AFRICA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 21 MIDDLE EAST AND AFRICA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

FIGURE 22 MIDDLE EAST AND AFRICA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FIGURE 23 SOUTH AMERICA: NETWORK TRANSFORMATION MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

FIGURE 24 SOUTH AMERICA: NETWORK TRANSFORMATION MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION)

FIGURE 25 SOUTH AMERICA: NETWORK TRANSFORMATION MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

Network Transformation Market

Network Transformation Market size is expected to register an exponential CAGR of 39% valued at USD 122.73 Billion by 2027.

Segmentation

By Component Solution Services
By Organization Size Small Enterprise Medium Enterprise Large Enterprise
By Vertical Bfsi Energy & Utility Government Healthcare It & Telecom Manufacturing
By Region North America Europe Asia Pacific Middle East & Africa South America

Key Players

  • Ciena Corporation (US)
  • Cisco Systems Inc. (US)
  • Telefonaktiebolaget LM Ericsson (Sweden)
  • Dell Inc. (US)
  • FUJITSU (Japan)
  • Juniper Networks Inc. (US)
  • Hewlett Packard Enterprise Development LP (US)
  • Intel Corporation (US)
  • IBM Corporation (US)
  • NEC Corporation (US)

Drivers

  • Transperency and control
  • Faster site connectivity
  • Increase productivity
  • Greater network security
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Network Transformation Market Synopsis:


Network Transformation Market size is expected to register an exponential CAGR of 39% valued at USD 12.15 Billion in 2019 and USD 122.73 Billion by 2026.

Network transformation enables organization to automate their networks to provide new advanced services with speed and cater their customers with excellent usage experience. This is achieved through connected devices, new applications, automation technologies, enhanced security controls, adoption of cloud-based services, among others. Some of the benefits offered by the network transformation include enhanced transperency and control, standardizied services, short deployment cycles, faster site connectivity that enables agile business of digital services, provide customer-oriented product offerings for superior user satisfaction, increase productivity in day-to-day business operations, greater network security to meet regulatory compliances, boost adoption of cloud through via cloud exchanges and direct SaaS connectivity, among others.


Several factors including rising demand for IT as a service platform, increasing trend of bring your own device by organizations, and adoption of network virtualization are some of the factors that are driving the network transformation market. Additionally, the new application architectures (for instance, microservices and containers) to help automate networks are also contributing to the market growth.


However, this market growth is hampered by lack of skilled workforce required for the development and integration to the existing infrastructure. Although, rapid advancements in technology is creating opportunities that can further boost the growth of the network transformation market. For instance, software-defined wide area network (SD-WAN), AI/ML and policy driven network architectures, rise of container-based virtualization, light-weight & portable applications are being launched as discrete microservices, etc. are some of the technological advancements evolving in the industry.


Network Transformation Market Segmentation:
Global Network Transformation Market has been segmented based on Component, Organization Size, Functionality, Vertical, and Region.


  • By component, the global network transformation market has been divided into solution and services. Further, the solution sub-segment is bifurcated into 5G networks, cloud/centralized radio access network (C-RAN), network automation, and software-defined networking (SDN) & network functions virtualization (NFV). Whereas services sub-segment is divided into professional services and managed services.

  • By organization size, the global network transformation market has been divided into small & medium enterprise and large enterprise.

  • Depending on its vertical, the network transformation market is split into BFSI, energy & utility, government, healthcare, IT & telecom, manufacturing, retail, and others.

  • The global network transformation market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Network Transformation Market Regional Analysis:
Global Network Transformation Market is estimated to register an robust CAGR over the forecast period. The geographic analysis of the global network transformation market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


North America is expected to be the dominating region in terms of the adoption of network transformation solutions & services. North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The US market is expected to report the highest market share, owing to the factors such as faster adoption of advanced technologies to enhance customer experience across all types of devices. Additionally, the North American market for network transformation solutions and services is expected to grow further due to presence of key players in the region such as Ciena Corporation (US), Cisco Systems, Inc. (US), Dell Inc. (US), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Intel Corporation (US), IBM Corporation (US), NEC Corporation (US), Ribbon Communications Operating Company, Inc. (US), Sakon (US), and Curvature (US). These players are competing to deliver network transformation solutions and services that supports, secures, and delivers containerized applications that need to keep up with this new trend of building once and running-anywhere.


Asia-Pacific region is projected to grow at the fastest rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This growth is attributed to the rapid economic developments, increasing internet users, rise in OTT platforms and digital innovation in major countries including China, Japan, India, Singapore, Malaysia, Australia, among others. Furthermore, IT & telecom companies in the region are developing their digital skills and capabilities to ensure they stay one-step ahead of their competitors across the globe.


Network Transformation Market Competitive Analysis:
Global Network Transformation Market is witnessing a exponential growth due to the rising demand for IT as a service platform, increasing trend of bring your own device by organizations, and adoption of network virtualization technology. Major players have opted for partnerships, acquisitions, and product developments as their key organic growth strategies to enhance their positions in the market and cater to the rapidly changing network demands. Additionally, the companies are focusing on providing proactive, predictive optimization model, ensuring efficiency, speed, and the best customer experience. These are expected to boost the demand for network transformation solutions and services across the globe.


Impact of COVID19:
The outbreak of COVID-19 has resulted into several disruptions in the day to day business operations across industry verticals globally. Following to this outbreak, enforcement of lockdown and other movement restrictions for several months to prevent the spread of deadly virus impacted the rapid transformation in the working culture. The demand for network-based services reached its peak during lockdowns and movement restrictions imposed. The adoption of network transformation solutions and services helped organizations across industry verticals to cope up with the consumer demands during the pandemic. The increased dependency over the networks to operate in the flexible working hours, work from home environment, BYOD trend, uneven operating infrastructures, rapid digital transformation across end-use verticals (for instance education sector), among others impacted network capabilities.


Network Transformation Market Key Players:
The Key Players in the Global Network Transformation Market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Ciena Corporation (US), Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Dell Inc. (US), FUJITSU (Japan), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Intel Corporation (US), IBM Corporation (US), NEC Corporation (US), Ribbon Communications Operating Company, Inc. (US), Wipro Limited (India), TATA Communications (India), Sakon (US), and Curvature (US). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations.


Global Network Transformation Market, 2018–­2026 (USD Billion):
Network Transformation Market


Source: MRFR Analysis


Intended Audience:



  • Enterprises

  • Technology consultants

  • Investors and venture capitalists

  • Network operators & service providers

  • Communication service providers

  • Software developers

  • Hardware manufacturers


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (Component/Organization Size/Vertical) are driving the market?

  • What will be the growth rate by 2026?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 122.73 Billion (2027)
  CAGR   39% (2021-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, By Organization Size, By Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Ciena Corporation (US), Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Dell Inc. (US), FUJITSU (Japan), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Intel Corporation (US), IBM Corporation (US), NEC Corporation (US), Ribbon Communications Operating Company, Inc. (US), Wipro Limited (India), TATA Communications (India), Sakon (US), and Curvature (US). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations.
  Key Market Opportunities

  • The new application architectures (for instance, microservices and containers) to help automate networks are also contributing to the market growth.\r\n
  • This market growth is hampered by lack of skilled workforce required for the development and integration to the existing infrastructure
  •   Key Market Drivers

  • The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period.\r\n
  • The US market is expected to report the highest market share, owing to the factors such as faster adoption of advanced technologies to enhance customer experience across all types of devices


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    Frequently Asked Questions (FAQ) :

    The global network transformation market is predicted to grow at a 39.7% CAGR between 2020- 2027.

    The network transformation market is predicted to reach USD 122.73 billion by 2027.

    North America will lead the global network transformation market.

    The demand for IT as a service platform and growing trend of BYOD by organizations are the key factors driving the global network transformation market growth.

    Key contenders profiled in the global network transformation market include Ciena Corporation (US), Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Dell Inc. (US), FUJITSU (Japan), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Intel Corporation (US), IBM Corporation (US), NEC Corporation (US), Ribbon Communications Operating Company, Inc. (US), Wipro Limited (India), TATA Communications (India), Sakon (US), and Curvature (US).