Post Covid-19 Update:Network Transformation Market To Reach USD 232.8 Billion By 2027 | CAGR 61.1% — Forencis Research

  • According to the new market research report “Network Transformation Market by Component (Solution and Services), By Solution (Network Function Virtualization (NFV), Software-defined Networking (SDN), Centralized RAN (C-RAN), Virtualized radio access network (vRAN) and 5G Networks), by Services (Network Consulting, Modernize Network Services, Network Transformation Services, Integration, Optimization Services, and Wireless Infrastructure Management), By Deployment Mode (On-Demand and On-premise), By Enterprise Size (Small Enterprises, Medium-Sized Enterprises, and Large Enterprises), By End-User (Manufacturing, Telecom, Transportation and Logistics, Energy and Utilities and Media and Entertainment), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the global Network Transformation Market is estimated to reach USD 232.8 Billion by 2027 at a CAGR of around 61.1% during the review period.
  • Bring Your Own Device (BYOD) can help the user to empowered and engage in the growth of the business which is anticipated to increase the market growth.
  • However, a lack of expertise to lead the digitization initiative major challenging factor for the growth of the network transformation market in the forecast period.
  • The increasing demand for brings your own device (BYOD), where the enterprise is motivating the employee to bring their own device to work which boosts the growth for the market in the projected period.
  • Cybersecurity issues are growing constantly growing in complexity and volume which will hinder the market growth in the forecast period.
  • The rising demand in digitalization enhanced the connectivity and speed which lead to improving the market demand.
  • High Adoption of IT as a Service (ITaaS) enhanced the business end-users and to manage on-premises IT resources which lead to boost the market growth in the forecast period.
  • Growing adoption in 5G technologies enhanced the speed and productivity of the business and is anticipated to increase market growth.
  • Asia-Pacific
  • Europe
  • Juniper Networks, Inc.:
  • Huawei Technologies Co., Ltd.:

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