Network Optimization Services Market Size, Industry Analysis Report By Type (Data centre optimization, Local network optimisation, WAN optimization, RAN ptimization), By services (Professional services- consulting and testing, and support and maintenance, Managed services), By enterprise (Small and medium enterprise, Large enterprise), By end-user (BFSI, Hospitality, Media and entertainment, Retail and e-commerce, Healthcare, Food and beverages, Manufacturing, IT and Telecom) & Region – Forecasts
- PUBLISHED ON
- 2024-08-12
- NO OF PAGES
- 263
- CATEGORY
- Information Communication & Technology
A technology used to enhance network performance is network optimization. Network performance can be monitored and enhanced using a variety of tools and methods, including global load balancing, reducing latency, bandwidth control, and packet loss monitoring. With the development of cloud computing services, programmes are now provided via both private data centres and the open internet.
Global Network Optimization Services Market- Overview
The Global Network Optimization Services Market is presently worth USD 3.4 billion and is poised to amplify at a CAGR of 16.1% over 2022-2030, thereby amassing a valuation of USD 11.2 billion by end of the assessment timeline.
The market for network optimization services is being driven by an increase in data centres and branch offices, as well as an increase in IP video and virtualization usage. Services for network optimization are used to enhance network performance in any circumstance. It is a crucial component of the administration of operational information systems and is essential to network management in commercial companies.
This is mostly due to the fact that the development of IT technologies has led to the generation of massive amounts of data, which unquestionably calls for more processing power in the form of wider network bandwidths. Network optimization is regarded as a crucial element in the efficient administration of information systems.
The need for VoIP services among businesses will drive the market expansion
VoIP is a type of technology that enables voice calls over the internet rather than over a regular phone line (Voice over Internet Protocol). VoIP service was linked to a number of ideas, including broadband access, IP telephony, telephone, telephony, high-speed, and Internet wake-up services. VoIP services use IP technologies to route calls to a compatible local area network. Businesses with a big impact on demand are improving their networks to increase operational efficiency since the increased demand for VoIP services requires a tonne of high-speed Internet access.
Technology for WAN and RAN optimization has advanced significantly
The transmission of copious amounts of data and the reduction of data traffic made possible by technological advancements in WAN and RAN optimization support the expansion of network optimization globally and present potential prospects for the market over the forecast period. Real-time applications, which are at the heart of video, Voice-over-Internet-Protocol (VoIP), and pre-population of on-demand video streaming, among other characteristics, can be handled through network optimization. These elements contribute to the advantages offered by network optimization technology, which is why businesses, regardless of their industry, are increasingly in need of it.
Global Network Optimization Services Market- Segmental assessment
By Type
- Data centre optimization
- Local network optimisation
- WAN optimization
- RAN Optimization
- Others
- Professional services- consulting and testing, and support and maintenance
- Managed services
- Small and medium enterprise
- Large enterprise
- BFSI
- Hospitality
- Media and entertainment
- Retail and e-commerce
- Healthcare
- Food and beverages
- Manufacturing
- IT and Telecom
- Others (education, etc.)
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030. In 2020, A significant portion of the global market for network optimization services is expected to be accounted for by North America during the projected period due to an increase in the number of data centres and branch offices.
Global Network Optimization Services Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Riverbed Technology (US), NetScout Systems (US), SolarWinds (US), Cisco (US), Huawei (China), Nokia Corporation (Finland), ZTE (China), InfoVista (Europe), Citrix (US), Circadence (US), FatPipe Networks (US), and Silver Peak (US).
Report Scope
Global Network Optimization Services Market: Historical Years- 2018-2021
Global Network Optimization Services Market: Forecast Years- 2022-2030
Global Network Optimization Services Market 2021- USD 3.4 billion
Global Network Optimization Services Market 2030- USD 11.2 billion
Global Network Optimization Services Market CAGR- 16.1%
Key Segments Covered-
- By type (data centre optimization. Local network optimization, WAN optimization, RAN optimization, and Others).
- By services (professional services- consulting and testing, support and maintenance, and managed services, and others).
- By enterprise (small and medium enterprise, large enterprise, and others).
- By end-user (BFSI, hospitality, media and entertainment, retail and e-commerce, healthcare, food and beverages, manufacturing, IT and telecom, and others).
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Argentina, and Colombia)
- Europe (Germany, U.K., France, Italy, Spain, and Russia)
- Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
- Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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