DUBLIN--(BUSINESS WIRE)--Aug 30, 2018--The "Network Transformation - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Network Transformation Market accounted for $6.77 billion in 2017 and is expected to reach $417.81 billion by 2026 growing at a CAGR of 58.1% during the forecast period.

Rise in the implementation of the BYOD Policy, increase in the adoption of IT as-a-service (ITaaS) and virtualization in the IT Industry and quick demand in bandwidth requirement are some of the key factors fuelling the market growth.

The acceptance of advanced networking solutions in SMEs and development of 5G networks is expected to open new business opportunities over the forecast period. However, lack of skills and knowledge in next-generation networking solutions are negatively impacting the growth of the market.

By solution, the network automation segment is driven by the quick development of network infrastructure necessary to support the augmented expansion of network traffic produced by application usage, data, and social media.

By geography, North America is anticipated to dominate with the largest market share due to increasing trends such as BYOD & growing implementation of smart connected devices & IIoE and increased budgets & allowances have encouraged various global vendors to make considerable investments in the region.

Asia Pacific is the fastest growing market during the forecast period due to the fast growth of the IT infrastructure and the acceptance of new technologies along with increased funds in large scale infrastructure.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porter's Five Forces Analysis

5 Global Network Transformation Market, By Solution

6 Global Network Transformation Market, By Organization Size

7 Global Network Transformation Market, By Service

8 Global Network Transformation Market, By End-User

9 Global Network Transformation Market, By Geography

10 Key Developments

11 Company Profiling

Cisco Systems Inc. Juniper Networks Inc. Hewlett Packard Enterprise (HPE) Company Huawei Technology Co. Ltd. IBM Corporation NEC Corporation Intel Corporation Ericsson Fujitsu Limited Accenture PLC

For more information about this report visit https://www.researchandmarkets.com/research/swkhwj/global_network?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005433/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Networks



SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/30/2018 08:18 AM/DISC: 08/30/2018 08:18 AM