The network transformation market is gaining traction due to the increasing demand for bandwidth and innovative new services, and collaboration among industry leaders for the development and promotion of next-generation networking solutions across various industry verticals. Virtualization, need for resource sharing, and increasing adoption of the BYOD policy are some of the other factors that are expected to contribute to the growth of the network transformation market. MarketsandMarkets expects the global network transformation market size to grow from USD 6.01 Billion in 2017 to USD 66.86 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 61.9%.
Established players in the network transformation market include Cisco, Juniper Networks (Juniper), HPE, Huawei, IBM, NEC, Intel, Nokia Networks, Ericsson, FUJITSU, Accenture, and Mavenir. These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers, acquisitions, and new product developments, to achieve further growth in the market.
Intel is one of the leading players in the network transformation market. The company adopts both organic and inorganic growth strategies to enhance its market presence. It formed partnerships and strategic alliances with local as well as global players. In 2017, Intel, Huawei, AUDI AG, BMW Group, Daimler AG, Ericsson, Nokia, and Qualcomm formed “5G Automotive Association” to develop, test, and promote communication solutions, support standardization, and accelerate commercial availability and global market penetration of 5G. Moreover, in 2017, Intel and Ericsson, a Sweden-based leading communication and technology company, launched the 5G innovators initiative to create experience to change business networking. This initiative will be further expanded by including leading technology companies, equipment manufacturers, top universities, and industry leaders to explore, test, and innovate with 5G network and distributed edge technologies to accelerate the adoption of 5G wireless and infrastructure innovation in the US.
Juniper is another established vendor in the network transformation market. The company has a strong presence worldwide. It focuses more on inorganic growth strategies to tap the benefits of the network transformation market. In 2017, Juniper collaborated with Telefónica, a leading telecommunication company, to help Telefónica to overcome challenges of its planned 5G services rollouts, namely surging connectivity, traffic density, and network security. Also in 2017, Juniper forged a technology alliance partnership with CarbonBlack, Netskope, CipherCloud, ForeScout, and Aruba to integrate their technologies with Juniper’s SDSN platform with an objective to create a cohesive security platform.
Network Transformation Market by Solution (SDN and NFV, C-RAN, Network Automation and 5G Networks), Professional Service, Managed Services (Network Monetization, Network Management, Network Testing),Vertical, and Region - Global Forecast to 2022
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