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Press Release:

Global Network Optimization Services Market to Reach US$ 9.92 Billion by 2027, Propelled by Escalating Demand for Voice-over-Internet Protocol (VoIP) Services

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Network Optimization Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global network optimization services market reached a value of US$ 3.71 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.92 Billion by 2027 exhibiting a growth rate (CAGR) of 16.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Network optimization services refer to a set of technologies and techniques that help businesses improve their network domain functionality. They also maximize network utilization, secure optimal performance and improve the user experience while assisting enterprises in achieving their business goals and gaining a competitive edge in the market. These services include local network optimization, data center optimization, wide area network (WAN) optimization, and radio access network (RAN) optimization. Nowadays, service providers offer optimization solutions to transform network engineering from labor-intensive and reactive to automated, proactive, and artificial intelligence (AI)-powered. In recent years, network optimization services have gained traction across the globe since they help businesses detect and resolve network anomalies much faster and efficiently to maintain a consistent user experience and performance.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Network Optimization Services Market Trends:

Network optimization services enhance the efficiency and capabilities of network management systems, processes and personnel to maximize returns on investment (ROI). As a result, organizations are rapidly adopting network optimization solutions to facilitate seamless data transmission, eliminate latency issues and reduce costs, which represents the primary factor driving the market growth. Additionally, significant advancements in network infrastructure and the increasing number of data centers are other major growth-inducing factors. Besides this, the growing usage of Voice-over-Internet Protocol (VoIP) services and the rising awareness regarding the benefits of network optimization are augmenting the product demand. Furthermore, due to the recent outbreak of coronavirus disease (COVID-19), businesses are increasingly adopting work-from-home (WFH) policies and, therefore, employing advanced measures to enhance the performance and security of their network infrastructure. This, in confluence with the rising network threats, such as hacking and data breaches, is positively influencing the market growth. Other factors, including the widespread adoption of virtualization and cloud computing solutions, technological advancements, changing user requirements, and emerging applications across various end use industries, are also creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global network optimization services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, organization size, deployment mode, application and industry vertical.

Breakup by Service:

  • Implementation
  • Consulting
  • Support and Maintenance
     

Breakup by Organization Size:

  • Small and Medium-sized Enterprise
  • Large Enterprise
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Application:

 

 
 

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  • Local Network Optimization
  • WAN Optimization
  • RAN Optimization
  • Data Center Optimization
     

Breakup by Industry Vertical:

  • IT and Telecom
  • BFSI
  • Government and Defense
  • Transportation and Logistics
  • Manufacturing
  • Consumer Goods and Retail
  • Media and Entertainment
  • Energy and Utility
  • Healthcare and Life Sciences
  • Education
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Array Networks Inc., Circadence, Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., Huawei Technologies Co. Ltd., InfoVista S.A., NETSCOUT Systems Inc., Nokia Corporation, Riverbed Technology Inc., SolarWinds Inc. and ZTE Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service, Organization Size, Deployment Mode, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Array Networks Inc., Circadence, Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., Huawei Technologies Co. Ltd., InfoVista S.A., NETSCOUT Systems Inc., Nokia Corporation, Riverbed Technology Inc., SolarWinds Inc. and ZTE Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Network Optimization Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service
    6.1    Implementation
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Consulting
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Support and Maintenance
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Organization Size
    7.1    Small and Medium-sized Enterprise
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Large Enterprise
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Deployment Mode
    8.1    On-premises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cloud-based
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Local Network Optimization
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    WAN Optimization
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    RAN Optimization
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Data Center Optimization
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Industry Vertical
    10.1    IT and Telecom
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    BFSI
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Government and Defense
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Transportation and Logistics
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Manufacturing
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Consumer Goods and Retail
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Media and Entertainment
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Energy and Utility
        10.8.1 Market Trends
        10.8.2 Market Forecast
    10.9    Healthcare and Life Sciences
        10.9.1 Market Trends
        10.9.2 Market Forecast
    10.10    Education
        10.10.1 Market Trends
        10.10.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Array Networks Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
        16.3.2    Circadence
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Cisco Systems Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Citrix Systems Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    FatPipe Networks Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Huawei Technologies Co. Ltd.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
        16.3.7    InfoVista S.A.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    NETSCOUT Systems Inc.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Nokia Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Riverbed Technology Inc. 
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 SWOT Analysis
        16.3.11    SolarWinds Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
        16.3.12    ZTE Corporation
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials

List of Figures

Figure 1: Global: Network Optimization Services Market: Major Drivers and Challenges
Figure 2: Global: Network Optimization Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Network Optimization Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Network Optimization Services Market: Breakup by Service (in %), 2021
Figure 5: Global: Network Optimization Services Market: Breakup by Organization Size (in %), 2021
Figure 6: Global: Network Optimization Services Market: Breakup by Deployment Mode (in %), 2021
Figure 7: Global: Network Optimization Services Market: Breakup by Application (in %), 2021
Figure 8: Global: Network Optimization Services Market: Breakup by Industry Vertical (in %), 2021
Figure 9: Global: Network Optimization Services Market: Breakup by Region (in %), 2021
Figure 10: Global: Network Optimization Services (Implementation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Network Optimization Services (Implementation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Network Optimization Services (Consulting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Network Optimization Services (Consulting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Network Optimization Services (Support and Maintenance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Network Optimization Services (Support and Maintenance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Network Optimization Services (Small and Medium-sized Enterprise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Network Optimization Services (Small and Medium-sized Enterprise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Network Optimization Services (Large Enterprise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Network Optimization Services (Large Enterprise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Network Optimization Services (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Network Optimization Services (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Network Optimization Services (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Network Optimization Services (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Network Optimization Services (Local Network Optimization) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Network Optimization Services (Local Network Optimization) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Network Optimization Services (WAN Optimization) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Network Optimization Services (WAN Optimization) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Network Optimization Services (RAN Optimization) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Network Optimization Services (RAN Optimization) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Network Optimization Services (Data Center Optimization) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Network Optimization Services (Data Center Optimization) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Network Optimization Services (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Network Optimization Services (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Network Optimization Services (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Network Optimization Services (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Network Optimization Services (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Network Optimization Services (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Network Optimization Services (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Network Optimization Services (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Network Optimization Services (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Network Optimization Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Network Optimization Services (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Network Optimization Services (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Network Optimization Services (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Network Optimization Services (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Network Optimization Services (Energy and Utility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Network Optimization Services (Energy and Utility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Network Optimization Services (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Network Optimization Services (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Global: Network Optimization Services (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Global: Network Optimization Services (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: North America: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: North America: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United States: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United States: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Canada: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Canada: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Asia-Pacific: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Asia-Pacific: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: China: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: China: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Japan: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Japan: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: India: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: India: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: South Korea: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: South Korea: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Australia: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Australia: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Indonesia: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Indonesia: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Europe: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Europe: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Germany: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Germany: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: France: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: France: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: United Kingdom: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: United Kingdom: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Italy: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Italy: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Spain: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Spain: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Russia: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Russia: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Others: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Others: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Latin America: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Latin America: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Brazil: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Brazil: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Mexico: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Mexico: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Others: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Others: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Middle East and Africa: Network Optimization Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Middle East and Africa: Network Optimization Services Market: Breakup by Country (in %), 2021
Figure 100: Middle East and Africa: Network Optimization Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 101: Global: Network Optimization Services Industry: SWOT Analysis
Figure 102: Global: Network Optimization Services Industry: Value Chain Analysis
Figure 103: Global: Network Optimization Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Network Optimization Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Network Optimization Services Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Network Optimization Services Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 4: Global: Network Optimization Services Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 5: Global: Network Optimization Services Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Network Optimization Services Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 7: Global: Network Optimization Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Network Optimization Services Market: Competitive Structure
Table 9: Global: Network Optimization Services Market: Key Players


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Key Questions Answered in This Report

The global network optimization services market was valued at US$ 3.71 Billion in 2021.

 

We expect the global network optimization services market to exhibit a CAGR of 16.50% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of network optimization services by numerous organizations to enhance the performance and security of their network infrastructure, during the remote working scenario.

 

The extensive adoption of network optimization services to facilitate seamless data transmission, eliminate latency issues, and reduce costs, is primarily driving the global network optimization services market.

Based on the service, the global network optimization services market has been divided into implementation, consulting, and support and maintenance. Currently, implementation service exhibits a clear dominance in the market.

Based on the organization size, the global network optimization services market can be categorized into small and medium-sized enterprise and large enterprise, where large enterprises hold the majority of the total market share.

Based on the application, the global network optimization services market has been segmented into local network optimization, WAN optimization, RAN optimization, and data center optimization. Among these, WAN optimization currently accounts for the largest market share.

Based on the industry vertical, the global network optimization services market can be bifurcated into IT and telecom, BFSI, government and defense, transportation and logistics, manufacturing, consumer goods and retail, media and entertainment, energy and utility, healthcare and life sciences, and education. Currently, the IT and telecom industry holds the majority of the global market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global network optimization services market include Array Networks Inc., Circadence, Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., Huawei Technologies Co. Ltd., InfoVista S.A., NETSCOUT Systems Inc., Nokia Corporation, Riverbed Technology Inc., SolarWinds Inc., and ZTE Corporation.

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