Network Optimization Services Global Market Expected to Witness $13.74 Billion with Impressive Growth at a 15.5% CAGR By 2028 | Array Networks Inc., Cisco Systems Inc., Citrix Systems Inc., Symantec Corp., Ciena Corp.

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Overview and Scope
The network optimization services refer to a variety of technologies, tactics, and best practices for monitoring, maintaining, and enhancing network performance. Network optimization services are used to improve network performance and to ensure the greatest network performance and design at the most affordable price.

Sizing and Forecast
The network optimization services market size has grown rapidly in recent years. It will grow from $6.75 billion in 2023 to $7.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to growth in network complexity, rising data traffic volumes, mobile network evolution, demand for faster connectivity, globalization of businesses, customer experience focus.

The network optimization services market size is expected to see rapid growth in the next few years. It will grow to $13.74 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to cybersecurity landscape evolution, remote work infrastructure optimization, application performance requirements, enhanced quality of service (qos), regulatory compliance evolution. Major trends in the forecast period include 5g rollout and optimization, edge computing integration, ai-driven network optimization, cloud-native network optimization, sd-wan (software-defined wide area network), network slicing for differentiated services, dynamic network optimization..

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Segmentation & Regional Insights
The network optimization services market covered in this report is segmented –
1) By Service: Implementation, Consulting, Support and Maintenance
2) By Deployment Mode: On-premises, Cloud-based
3) By Organization Size: Small and Medium Enterprise, Large Enterprise
4) By Application: Local Network Optimization, Wan Optimization, Ran Optimization, Data Center Optimization
5) By Industry Vertical: IT and Telecom, BFSI, Government and Defense, Transportation and Logistics, Manufacturing Consumer Goods and Retail, Media and Entertainment, Energy and Utility, Healthcare and Life Sciences, Education

North America was the largest region in the network optimization services market in 2023. The regions covered in the network optimization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increase in number of data centers is expected to propel the growth of the network optimization services market going forward. A data center is defined as a facility made up of networked computers, storage systems, and computational infrastructure to gather, analyze, store, and distribute massive volumes of data. Network optimization services help data centers improve network virtualization, balance traffic, and help eliminate needless control traffic on the infrastructure. For instance, in May 2021, according to CloudScene data, an Australia-based data center services firm, there will be about 2.6K data centers spread out over the United States. As of January 2021, there were around 8K data centers worldwide, spread throughout the 110 countries for which information was available. Approximately 64% are in NATO nations, while 77% are found in OECD members. Therefore, the increasing number of data centers is driving the growth of the network optimization services market.

Key Industry Players
Major companies operating in the network optimization services market report are SolarWinds Corporation, Array Networks Inc., Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., Huawei Technologies Company Limited, Infovista Ltd., Juniper Networks Inc., NetScout Systems Inc., Nokia Corporation, PC Connection Inc., Riverbed Technology Inc., TEOCO Corporation, Verizon Communications Inc., ZTE Corporation, A10 Networks Inc., Akamai Technologies Inc., Alcatel-Lucent Enterprise SAS, ALE International SA, Symantec Corp., Ciena Corp., Dell Technologies Inc., Telefonaktiebolaget LM Ericsson, Extreme Networks Inc., F5 Networks Inc., Fortinet Inc., Gigamon Inc., Hewlett Packard Enterprise Co., InfoBlox Inc., Masergy Communications Inc., Palo Alto Networks Inc., Radware Inc., Silver Peak Systems Inc., Vmware Inc., Zscaler Inc.

The network optimization services market report table of contents includes:
1. Executive Summary