The Global Network Optimization Services Market is presently worth USD 3.4 billion and is poised to amplify at a CAGR of 16.1% over 2022-2030, thereby amassing a valuation of USD 11.2 billion by end of the assessment timeline.
Users can access Voice-over-Internet Protocol (VoIP) services to establish trustworthy communication. VoIP service was linked to a number of ideas, including IP telephony, broadband access, telephone, telephony, Internet wake-up services, and high-speed. Calls are transferred onto a compatible local area network using IP technologies. The demand for VoIP services is expanding, necessitating a significant number of high-speed internet access as well as businesses that can precisely manage their network to increase operational effectiveness.
The primary goal of the market research study for network optimization services is to define, describe, and forecast the market based on the segments of component, deployment type, organisation size, vertical, and region. The study provides comprehensive information on the key factors impacting the market's growth (drivers, restraints, opportunities, and industry-specific challenges). According to five major geographical regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America—the research makes market size predictions. Key participants are profiled in the research, and their fundamental skills are thoroughly examined. In addition, this research tracks and examines competitive changes in the market for network optimization services, including mergers and acquisitions, the introduction of new products, and Research and Development (RD) activities.
The primary sources used in the research methodology to estimate and forecast the market are secondary sources like OneSource Business Browser, DB Hoovers, 10K Wizard, Thomson Street Events, Factiva, IT service providers, technology providers, press releases and investor presentations of companies, white papers, technology journals, certified publications, articles from reco In order to segment the market, the vendor offerings have also been taken into account. The revenue of the major software tool suppliers and service providers in the market was used to calculate the total market size of the network optimization services market. The complete market was divided after determining the overall market size. Comprehensive interviews with key individuals, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives, were conducted before the data was divided into several categories and sub segments and confirmed through primary research.
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Global Network Optimization Services Market- Key trends
The need for VoIP services among businesses will drive the market expansion
VoIP is a type of technology that enables voice calls over the internet rather than over a regular phone line (Voice over Internet Protocol). VoIP service was linked to a number of ideas, including broadband access, IP telephony, telephone, telephony, high-speed, and Internet wake-up services. VoIP services use IP technologies to route calls to a compatible local area network. Businesses with a big impact on demand are improving their networks to increase operational efficiency since the increased demand for VoIP services requires a tonne of high-speed Internet access.
Global Network Optimization Services Market- Segmental assessment
By Type
- Data centre optimization
- Local network optimisation
- WAN optimization
- RAN Optimization
- Others
By services
- Professional services- consulting and testing, and support and maintenance
- Managed services
By enterprise
- Small and medium enterprise
- Large enterprise
By end-user
- BFSI
- Hospitality
- Media and entertainment
- Retail and e-commerce
- Healthcare
- Food and beverages
- Manufacturing
- IT and Telecom
- Others (education, etc.)
Global Network Optimization Services Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Riverbed Technology (US), NetScout Systems (US), SolarWinds (US), Cisco (US), Huawei (China), Nokia Corporation (Finland), ZTE (China), InfoVista (Europe), Citrix (US), Circadence (US), FatPipe Networks (US), and Silver Peak (US).
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Frequently Asked Questions
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