Global Network Optimization Services Market 2018-2022

Global network optimization services market overview

The amount of data generation over the network is increasing in industries owing to the rising number of connected devices. In addition, businesses boost their revenue, optimize costs, and deliver better services using this data. They are also focusing on reducing the cyber threats and improve the efficiency of businesses by adopting network technologies. Various organization are relying on next-generation network monitoring software or network monitoring tools to automatically discover all applications, passively collect data about the traffic on their network, and servers and clients. Cisco Systems, Dell Technologies, IBM, and HP are some of the companies that are extensively investing in network technologies including network management system or network management software. This boosts the need for network optimization services. Technavio’s market research report identifies that the advancements in network infrastructure will be one of the primary drivers for the growth of the global network optimization services market value till 2022. Technavio’s market research analysts predict that the network optimization services market will grow at a CAGR of close to 13% by 2022.

Vendors in the Americas are trying to remain competitive in the market owing to the rising competition among various network optimization service providers. North American countries such as the US and Canada are the major contributors toward the network optimization services market due to the maximum adoption of network optimization services. The implementation of network services is also increasing in South American countries, such as Brazil, Chile, Mexico, and Argentina. Consequently, there will be significant growth in the global network optimization services market worth in the region in the forthcoming years. 

Companies covered