Network Transformation Market To Reach $854.69 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Network Transformation Market Growth & Trends

The global network transformation market size is expected to reach USD 854.69 billion by 2030, registering a CAGR of 52.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to its potential to transform service providers’ networks by offering cloud-based innovation and agility. The telecommunication networks are usually multilayered, complex, and have variety of users that need high network performance and availability. As compared to traditional data centers, a more rigorous set of requirements will be met with the use of network transformation solutions and hence the market is expected to witness tremendous growth.

Network transformation solutions provide ease in functioningto a communication network. These solutions facilitate a telecom operator to lessen the network complexity and lower down the total management cost. The key reason for the adoption of these solutions is that it offers faster service enablement, improved programmability, and lowers down the overall Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) for the service providers. The solutions such as Software Defined Networking (SDN) and Network Functions Virtualization (NFV) offer a complete digital network that is vital to increase customer satisfaction level.

Network transformation solution improves the security compliances of the network by systematizing security compliance. It automates the management, testing, configuration, deployment, and operations of virtual and physical devices within the network. The solution also aids in reducing the network operation cost by mechanizing time-consuming configuration tasks and manual compliance. Furthermore, the market adoption is driven by the rapid growth of network infrastructure essential to support the exponential growth of network traffic generated by data, video, social media, and application usage.

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Network Transformation Market Report Highlights

Based on components, the solutions segment held the largest revenue share of the global market and accounted for 67.9% in 2023.
Based enterprise-size, the large enterprises segment dominated the network transformation market in 2023.
Based on end-use, the IT & Telecom segment accounted for the largest revenue share of the global market in 2023.
North America dominated the global network transformation market and accounted for a revenue share of 33.6% in 2023.
Asia Pacific network transformation market is expected to experience the fastest CAGR from 2024 to 2030.