Network Transformation Market is valued to reach USD 67.2 Billion by 2022

The Global Network Transformation Market is valued to reach USD 67.2 Billion by 2022. The market is set to grow at CAGR of 60.02% from 2020-2026, owing to factors like rise in the adoption of Bring Your Own Device (BYOD) policy, increasing bandwidth requirement, growing adoption of ITaaS and virtualization and development of next-generation networking solutions.

As the communication technologies are growing at a rapid pace, the desire for fastest networks is heavily expressed by the technology owners. Aging infrastructures and connectivity issues on multiple networks are posing as a great challenge for companies and in the desire to offer best services, companies are now switching to network transformation practices at large as transformation solutions have been effective in driving best results. These include business agility, inclination towards technological solutions and cost savings on resources. The transformation phase require enterprises to maintain effectiveness in flawless execution and communication between management and stakeholders.

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