- Report ID: BMRC 1353 | Number of pages: 200 | Publish Date: Oct 2020
Status: Published | Category: Semiconductor | Delivery Timeline:
Network Optimization Services Market is valued at USD 6178.5 Million in 2019 and expected to reach USD 15075.2 Million by 2026 with the CAGR of 13.59% over the forecast period.
Network Optimization Services Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2026– Increasing number of data centers, rise in usage of internet protocol (IP) video and virtualization, and network optimization as a cloud service are some of the major factors expected to drive the growth of Global Network Optimization Services Market.
The network optimization is a technology used for improving network presentation for a given environment and considered as an important component of effective information systems management. Network optimization plays an important role as information technology is growing at exponential rates with business users producing large volumes of data and thus consuming larger network bandwidths. The advancements in cloud computing services, applications are now being delivered over the public internet, as well as in private data centers. Thus the enterprises are now even more crucial to deliver secure high-performance applications ensuring the highest quality of service to their end-users. However, the network optimization looks at the individual workstation up to the server and the tools and connections associated with it. The large organizations make use of teams of network analysts to optimize networks. Additionally, the network optimization often makes use of traffic shaping, redundant data elimination, data caching and data compression and streamlining of data protocols. This network optimization must be able to boost network efficiency without acquiring additional or expensive hardware or software. The major benefits of network optimization are such as it can help in faster data transfers including bulk data transfer, disaster recovery capabilities, reducing bandwidth expenses and also improving response times for interactive applications like databases and software applications. It can also improve the performance of applications with better bandwidth and helps in maximizing network speeds between remote locations. The benefits of network optimization are not limited or visible to just information technology managers, but are also passed on the end users of the concerned organization or environment.
Global Network Optimization Services Market report is segmented on the basis of type, application, and by regional & country level. Based on type, global network optimization services market is classified as the WAN optimization, RAN optimization and data center optimization. Based upon application, global network optimization services are classified into medical authorities, education authorities, retail, manufacturing, IT, energy and others.
The regions covered in this Network Optimization Services market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Network Optimization Services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for Global Network Optimization Services Market are Riverbed Technology, solar winds, Ciso System, Huaewi, Nokia Corporation, Zie, Infovista, Citrix, Circadence, Fatpipe Networks, Netscout Systems, Silver Peak, Array Networks and Others.
Infovista Enhanced Its SD-WAN for Managed Service Providers, Mid-Market Enterprises.
March 18th, 2019:- Infovista released has been the most recent update to its Ipanema SD-WAN to better serve mid-market enterprises and managed service providers. The update includes additional application intelligence capabilities, a cloud-based orchestrator, session-based routing and path selection, and a cloud application database. Hence, the company claims that its SD-WAN business has more than 450 customers globally and more than 40,000 sites deployed with Ipanema across 115 countries. According to Mike Wilkinson, chief product officer at Infovista, the company has continued to invest in SD-WAN and this update is the latest manifestations of there are building in the market. The mid-market is a new market segment for infovista. These are updated Ipanema SD-WAN service includes the latest iteration of its application intelligence capabilities, which includes a cloud application database with a broader range of applications that Infovista can apply its visibility to, and new reporting and troubleshooting features to provide a view across the network including insights and analysis. Infovista also added new SD-WAN routing and connectivity features, which includes multi-layered routing and security, and a new integrated SD-WAN framework that increases the deployment flexibility for its SD-WAN.
Global Network Optimization Services Market Dynamics–
The rapidly increased adoption of network optimization services in several industries, such as telecommunications, manufacturing, consumer goods and retail, and information technology is expected to drive the market growth. According to World Organization (WHO) in 2016, the Cloud Computing has been increasing very significantly. A recent study predicts that 2013, 677 billion will be spent on cloud services worldwide, the cloud computing paradigm involves moving both data storage into the network, offering to the users a ubiquitous access. In addition, rising awareness about mobile network optimization software services among multiple organizations owing to various features of this software such as reduced variations in broadcast characteristics and identification and analysis of data traffic patterns is also supplementing the market growth. According to Lawrence Berkeley National Laboratory (LBNL), research indicating that moving all office workers in the United States to the cloud could reduce the energy used by information technology by up to 87%. The numerous software applications used by the companies are now being converted to web based versions, which enable easy accessibility to the remote employees of the businesses. The network optimization cloud based solutions for network optimization appeals both to the enterprises and small companies. This is one of the significant factors expected to boost the market growth. Furthermore, the cloud based network optimization solution is gaining the market share, due to the advent of advanced technologies. Network optimization services are adopted by companies across the globe due to the increasing number of branch offices and data centers, and growing usage of virtualization. Hence, network optimization service providers, with advancements in the Software as a service (SaaS) technology are enhancing their solutions to boost their revenue growth.
However, high initial cost associated with frequent upgrades in the network infrastructure is a major factor expected to restrain the growth of the global market. Strategic partnership is an important strategy adopted by the key market players to develop new services and gain traction in the network optimization services market.
Key Benefits for Global Network Optimization Services Market Report–
Global Network Optimization Services Market Segmentation:–
Global Network Optimization Services Market Regional Analysis–
North America is expected to dominate the global market due to in terms of profits in overall market of network optimization services across the globe. North America is inundated with highly developed nations like the United States (U.S.) and Canada. There are various companies that are eagerly capitalizing in this region. The main factor that adds fuel to the growth of the North America market is the rapid adoption of emerging technologies like smart phones and cloud platforms, in addition to the stable economy, infrastructure costs and technology enhancements. According to Lawrence Berkeley National Laboratory (LBNL) in 2016, the data centers in the United States consumed about 70 billion kilowatt hours of energy, this corresponded to 1.8% of all the energy consumed in that year. In addition, the increased cloud deployments along with the growing adoption of online service delivery are highly instrumental in the growth of the network optimization market in this region.
The Asia Pacific is expected to grow at the highest rate during the forecast period. The region is expected to have the highest adoption rate of network optimization services owing to the presence of a large number of small and medium-sized enterprises (SMEs) which are inclined toward the adoption of cloud-based network optimization services. Increasing adoption of cloud technologies and the presence of a broad customer base are driving the adoption of network optimization services across enterprises in this region. According to world organization (WHO) 2018 in Asia Pacific, the infrastructure-as-a-service (IaaS) will be the fastest growing segment of the market with 24% predicted growth. It is expected to reach $50 billion from 31 billion in 2018. These countries are continuously adopting the cloud and mobile technologies, boasting of a favorable market for network optimization solution and service vendors.
Global Network Optimization Services Market: By Regional & Country Analysis
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Network Optimization Services Market Size By Type( WAN Optimization, RAN Optimization, Data Center Optimization ), By Application (Medical Authorities, Education Authorities, Retail, Manufacturing, IT, Energy) Forecast Report 2020 to 2026