Network Optimization Services Market worth USD 11.2 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Network Optimization Services Market by Service (Implementation, Consulting, and Support and Maintenance), by Organization Size (SMEs and Large Enterprise), by Industry Vertical Outlook (Banking, Financial Services, & Insurance, Telecom, Government and Defense, and Others (Transportation and Logistics, Travel and Tourism, Manufacturing, Consumer Goods and Retail, Media and Entertainment, Energy and Utility, Healthcare and Life Sciences, Education, and Information Technology)), by Application (Local Networks Optimization, WAN Optimization, RAN Optimization, and Data Center Optimization), by Deployment Type (On-premises and Cloud), by Region – Global Share and Forecast to 2030". The global network optimization services market size is projected to grow at a CAGR of 16.1% to reach USD 11.2 billion by 2030 from USD 3.4 billion in 2021. Advancement in the network infrastructure coupled with demand for VoIP services across enterprises is a major factor that primarily drives the market during the forecast period. Furthermore, rapid growth in IP and Ethernet services also drives market growth. However, a lack of awareness of the benefits of network optimization mainly creates a staggering effect on market growth. Furthermore, a significant leap in RAN and WAN optimization technology is estimated to create a lucrative opportunity during the forecast period.

Global Network Optimization Services Market Segmentation

The overall network optimization services market has been segmented into the service, organization size, industry vertical, deployment type, application, and region.

By Service Outlook (Sales/Revenue, USD Billion, 2017-2030)

• Implementation
• Consulting
• Support and Maintenance

By Organization Size Outlook (Sales/Revenue, USD Billion, 2017-2030)

• SMEs
• Large Enterprise

By Industry Vertical Outlook (Sales/Revenue, USD Billion, 2017-2030)

• Banking, Financial Services, & Insurance
• Telecom
• Government and Defense
• Others
  • Transportation and Logistics
  • Travel and Tourism
  • Manufacturing
  • Consumer Goods and Retail
  • Media and Entertainment
  • Energy and Utility
  • Healthcare and Life Sciences
  • Education
  • Information Technology (IT)

By Application Outlook (Sales/Revenue, USD Billion, 2017-2030)

• Local Networks Optimization
• WAN Optimization
• RAN Optimization
• Data Center Optimization

By Deployment Type Outlook (Sales/Revenue, USD Billion, 2017-2030)

• On-premises
• Cloud

By Region Outlook (Sales/Revenue, USD Billion, 2017-2030)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

WAN Optimization, by application, is estimated to hold the largest market share in 2021

Based on application, the network optimization services market is segmented into local networks optimization, WAN optimization, RAN optimization, and data center optimization. In 2021, WAN Optimization had the largest market and accounted for the 51.2% of the market share. WAN optimization uses methods including protocol acceleration, compression, decreased latency, and caching to drastically improve the amount of accessible bandwidth by overcoming network latency and lowering the quantity of data traversing the WAN in a single cycle.

WAN optimization trends are high as businesses progressively embrace SD-WAN as a preferred option for their networking needs. SD-WAN is changing the way networks support corporate applications by proactively regulating and more effectively utilizing all available WAN transport resources, resulting in drastically improved application performance.

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North America accounts for the largest market share in 2021

Based on the regions, the global network optimization services market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America had the highest market share of 37.2% in the global network optimization services market and was anticipated to maintain its dominance throughout the forecast period. The global network optimization services market in North America is analyzed across the U.S. and Canada. The U.S. is the largest network optimization services markets. It is home to some of the major players, which makes it a lucrative hub for innovation in the market.

North America has the first-mover advantage in using new technologies such as smartphones and cloud platforms. Companies are keen to invest in the U.S. The factors that drive the market's growth in North America are a stable economy, advancements in technology, and an optimized infrastructure. In addition, in network optimization, ensuring a seamless transfer of data and elimination of latency issues is a key driver of market growth. The other major drivers for this market are network and high data traffic. The rapid adoption of the architecture of network solutions is expected to continue to gain momentum in the North America market. This is expected to be a significant step forward in the network and run the optimization technique.

This research report includes a study on the development and marketing strategies, product portfolios and winning strategies of the major companies operating in the global network optimization services market. Major competitors in the global market are Circadence, Citrix Systems, Inc., FatPipe Networks Inc., Huawei Technologies Co., Ltd., Cisco Systems, Inc., InfoVista, Nokia Corporation, SolarWinds Worldwide, LLC, NETSCOUT SYSTEMS, INC., and ZTE Corporation.

Browse complete report: https://www.marketstatsville.com/network-optimization-services-market

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