Overview:
Network optimization is needed to refine and increase the functional capability of any network for certain situations. Its impact in the industrial enterprise network management is growing in leaps and bounds due to the better inclusion of the information technology. The IT sector produces large volumes of data, which requires refining for better performance, hence, the demand for the network optimization market. The global Network Optimization Services Market is all set to gain 13% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) has a report on the market that deals more closely with the market dynamics to get better predictive analysis.
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Among the several influencers, elevated adoption of Internet Protocol (IP) video and virtualization, and a surge in the demand for network optimization-as-a-service are expected to play substantial role in taking the global market forward.
Market Segmentation
The global Network Optimization Services Market has been segmented into application, service type, deployment, industry, and region. Application has been segmented into Local Area Network (LAN) optimization, radio access network (RAN) optimization, wide area network (WAN) optimization, and data center optimization. Among these, the WAN optimization solutions are expected to lead the market and display rapid growth. The high demand for implementation of network optimization in branch office network is is also driving the market segment during the forecast period.
Service type has been segmented into implementation service, maintenance & support services, consulting service, and managed services. The consulting service segment and implementation service segment has the largest shares of the market and are expected to grow at a promising pace respectively.
Deployment of network optimization services has been segmented into on-cloud and on-premise. Cloud deployment is the segment with the most promising outlook. Although cloud deployments are initially time consuming and pricey, they offer huge operational savings in the long run and are easy to manage.
Key Players
Some of the prominent players in the Network Optimization Services Market: SolarWinds Inc (U.S.), Cisco Systems, Inc (U.S.), Huawei Technologies Co. Ltd (China), Nokia Corporation (Finland), ZTE Corporation (China), Info vista (France), Citrix Systems, Inc (U.S.), NETSCOUT Systems, Inc (U.S.), Silver Peak Systems (U.S.), Circadence Corporation (U.S.), Riverbed Technology, Inc among others
Regional Analysis
Key regions in the market have been segmented into Europe, North America, Asia Pacific, and the Rest of the World. Among the covered regions, the North American market has captured the largest share and is expected to lead the global market over the assessment period. Developed economies in the North American market have a high adoption rate of emerging technologies which optimize enterprises. The increasing number of cloud deployments in the region as well as the increased adoption of online service delivery is expected to contribute significantly to the growth of the regional network optimization market. Europe is expected to witness steady growth over the assessment period due to the presence of developed economies such as the U.K, Germany and France to name a few.
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Intended Audience
- Network optimization services providers
- Network management solution providers
- WAN optimization services providers
- Data Analytics vendors
- Cloud Service providers
- Project accounting solution providers
- Value-added resellers
- Research firms
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