Global Network Optimization Services Market 2018-2022
About Network Optimization Services
Network optimization services help organizations in consistently improving and assuring the network performance by utilizing optimal network resources and reducing customer complaints about network performance related issues. These services also help in improving operational and management efficiency, quality, and customer satisfaction.
Technavio’s analysts forecast the global network optimization services market to grow at a CAGR of 12.52% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global network optimization services market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Network Optimization Services Market 2018-2022
Technavio recognizes the following companies as the key players in the global network optimization services market: Cisco Systems, Citrix Systems, Huawei Technologies, and ZTE.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is heightened proliferation of cloud computing. Cloud computing has seen heightened growth and acceptance across the world in the recent times. This increased adoption of cloud computing can be seen in the developed economies, as well as in the emerging economies. The proliferation of cloud technology is expected to increase more over the forecast period.”
According to the report, one driver in the market is advances in network infrastructure. The increase in the number of connected devices in industries has led to massive amounts of data generation over the network. Businesses have realized that they can use this data to optimize costs, deliver better services, and boost revenue. There is high demand and adoption of network technologies to improve the efficiency of the business and reduce the cyber threats.
Further, the report states that one challenge in the market is data privacy and security concerns. Data privacy and security concerns are key challenges in any organization, as devices are interconnected to the Internet and dependent on the use of private and public networks. As critical data is transferred through networks, a highly secured environment needs to be established. Moreover, the network includes multiple devices, which at times may cause interoperability issues.