Network Transformation Market By Solutions, By Services, By End-User, By Geography — Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2019–2026

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.

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Network Transformation Market Trends, Drivers and Opportunities:

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.

Additionally, artificial intelligence is gaining a traction that offer seamless solutions benefitting the businesses on a daily basis. The resultant trends within digital transformation have become assertive for global organizations. For instance, trends such as increase in mobile digital workforce and creation of app-based culture are highly evident in organizations that have adopted transformation practices. The rapid changes in the global market due to change in approach for cloud-based models, digital disruption and collaborative support between key players is driving the organizations to rethink upon their digital strategies. Legacy architectures might receive a limited attention in the years to come, but network transformations are driving innovation and empowering a mobile workforce. Moreover, network and security services can effectively reduce complexity through adoption of flexible digital platforms.