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Network Optimization Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5104
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Market Overview:
The global network optimization services market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.2% during 2023-2028.
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: Information in the above chart consists of dummy data and is 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 report, along with forecasts at the global, regional and country level from 2023-2028. 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 | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| 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) |
The global network optimization services market was valued at US$ 4.4 Billion in 2022.
We expect the global network optimization services market to exhibit a CAGR of 16.2% during 2023-2028.
The rising adoption of network optimization services to facilitate seamless data transmission and eliminate latency issues is primarily driving the global network optimization services market.
The sudden outbreak of the COVID-19 pandemic has led to the growing demand for network optimization services across numerous organizations to enhance the performance and security of network infrastructures, during the remote working scenario.
Based on the service, the global network optimization services market has been divided into implementation, consulting, and support and maintenance. Currently, implementation 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 enterprise holds 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 exhibits a clear dominance in the market.
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 accounts for the largest 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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