Market Insights
Network optimization services are used to refine the network performance in any given situation. It is a key part of the operative information system management and players a vital role in network management in industrial enterprises. This is primarily because the growth and acceptance of IT technologies have resulted in the production of large volumes of data which inevitably requires higher processing power in the form of larger network bandwidths. Market Research Future’s report on the global Network Optimization Services Market has uncovered and detailed various vital factors driving the growth of the market. MRFR’s research findings indicate that the global network optimization services market is expected to grow at a CAGR of 13% during the assessment period from 2017 to 2023. The rapid growth of the market is expected to drive the market toward a value of USD 8 Bn by the end of 2023.
Network optimization is a crucial part of the IT infrastructure in any enterprise that deals with large volumes of data as it aids fast and continuous growth with ease. Lack of deployment of such services is likely to put immense stress on the network architecture and cause problems that affect the efficiency of an organization. Network optimization services are increasingly being adopted by corporations and enterprises of various sizes due to the growing expansion of various organizations into branch offices and as well as the growing number of data centers. Additionally, the growth of virtualization is driving the market. Providers of such services are also constantly improving their solutions and offerings to help lift revenue progression.
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Key Players
Some of the prominent players in the 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
Segmentation
The global Network Optimization Services Marketis segmented into the application, service type, deployment, industry, and region.
On the basis of the application, the market is segmented into Local Area Network (LAN) optimization, Wide Area Network (WAN) optimization, Radio Access Network (RAN) and data center optimization. Among these, the Wide Area Network (WAN) optimization solutions are dominating the current market and are expected to exhibit a fast growth. Growing demand for organizations to implement network and application optimization on branch office networks. Additionally, many enterprises have taken applications out of branch offices and combined them with central data centers, and the workforce retrieving these requests is extremely dispersed at detached locations.
On the basis of the services, the market is segmented into implementation service, consulting service, maintenance & support services, and managed services. Among these, the consulting service and implementation service hold the largest market share and are expected to show a decent growth. The network implementation service includes all the hardware and software implementations in the network requiring highly technical skill and expertise. Further, these are managed by either the company itself or generally are outsourced and managed by a third party.
On the basis of the deployment, the network optimization services can be deployed either on-cloud or on-premise. The on-premises deployment denotes to the fixing of the network application on the premises of an enterprise rather than at some distant branch location. The on-premise deployment requires enormous structure and its own data center, organizations that can pay for this cost usually deploy on-premises solutions. However, the cloud deployment is the fast-growing among the two. The cloud deployment requires large installation cost but is easy to manage and operate from distant locations as well.
Regional Analysis
By geography, the market is segmented into North America, Europe, Asia Pacific and Rest of the world. Out of this region, the North America has the largest market share in 2016 and is expected to dominate the market during the forecast period. The major factor adding fuel the growth of the North American market is rapid adoption of emerging technologies, such as smartphones and cloud platforms. Additionally, increased cloud deployments and growing adoption of online service delivery are contributing to the growth of network optimization market. Furthermore, organizations in this region have adopted inorganic growth strategies to strengthen their presence across the world. Europe is expected to show a steady growth over the forecasted period knowing to the matured countries like the U.K and Germany. Although Asia Pacific does not hold much of the market share, the region is expected to grow at a fast rate due to the presence of emerging countries India, China, and Australia adopting the cloud and mobile technologies.
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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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