New Analysis from Global Industry Analysts Reveals Steady Growth for Network Optimization Services, with the Market to Reach $12.7 Billion Worldwide by 2026
SAN FRANCISCO , June 27, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Network Optimization Services – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
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Edition: 6; Released: January 2022
Executive Pool: 2436
Companies: 41 – Players covered include Circadence Corp.; Cisco Systems, Inc.; Citrix Systems, Inc.; Huawei Technologies Co., Ltd.; Info Vista; NetScout Systems, Inc.; Nokia Corporation; Riverbed Technology; Silver Peak Systems, Inc.; SolarWinds Worldwide, LLC; ZTE Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Local Network Optimization, WAN Optimization, RAN Optimization, Data Center Optimization); Service (Implementation, Consulting, Support & Maintenance)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe
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Global Network Optimization Services Market to Reach $12.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Network Optimization Services estimated at US$6 Billion, is projected to reach a revised size of US$12.7 Billion by 2026, growing at a CAGR of 13.1% over the analysis period. Implementation, one of the segments analyzed in the report, is projected to record a 13% CAGR and reach US$6.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consulting segment is readjusted to a revised 8.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Network Optimization Services market in the U.S. is estimated at US$2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 12.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 11.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
Support & Maintenance Segment to Reach US$3.8 Billion by the year 2026
In the global Support & Maintenance segment, USA, Canada, Japan, China and Europe will drive the 17.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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