The Europe Network Transformation Market is expected to witness market growth of 46.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Network Transformation Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $67.13 billion by 2031. The UK market is exhibiting a CAGR of 45.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 48.1% during 2024-2031.
Network transformation has a wide range of applications across multiple industries. From telecommunications to manufacturing, healthcare, and retail, organizations are leveraging these advancements to improve their service offerings, enhance customer experience, and streamline internal operations. The telecom sector is one of the largest adopters of network transformation. Telecom providers are investing heavily in SDN and NFV technologies to automate network operations, reduce capital expenditures, and enhance the flexibility of their networks.
Additionally, with the advent of 5G, telecom companies are focusing on upgrading their network infrastructures to support higher data speeds, lower latency, and better connectivity for billions of devices in the IoT ecosystem. This transformation enables new services such as virtualized network slicing, low-latency applications, and ultra-reliable communications for automotive, healthcare, and manufacturing industries.
As the number of connected households continues to rise, the volume of data generated and transmitted across networks also increases, pushing the need for enhanced network capabilities. This creates a demand for advanced network technologies such as 5G, fiber optics, and cloud-based solutions, which are pivotal in ensuring all users' seamless and efficient internet access. In countries with high internet penetration rates, businesses increasingly adopt these technologies to meet their customers' needs, ensuring better service quality and reduced latency.
The Germany market dominated the Europe Network Transformation Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $67.13 billion by 2031. The UK market is exhibiting a CAGR of 45.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 48.1% during 2024-2031.
Network transformation has a wide range of applications across multiple industries. From telecommunications to manufacturing, healthcare, and retail, organizations are leveraging these advancements to improve their service offerings, enhance customer experience, and streamline internal operations. The telecom sector is one of the largest adopters of network transformation. Telecom providers are investing heavily in SDN and NFV technologies to automate network operations, reduce capital expenditures, and enhance the flexibility of their networks.
Additionally, with the advent of 5G, telecom companies are focusing on upgrading their network infrastructures to support higher data speeds, lower latency, and better connectivity for billions of devices in the IoT ecosystem. This transformation enables new services such as virtualized network slicing, low-latency applications, and ultra-reliable communications for automotive, healthcare, and manufacturing industries.
As the number of connected households continues to rise, the volume of data generated and transmitted across networks also increases, pushing the need for enhanced network capabilities. This creates a demand for advanced network technologies such as 5G, fiber optics, and cloud-based solutions, which are pivotal in ensuring all users' seamless and efficient internet access. In countries with high internet penetration rates, businesses increasingly adopt these technologies to meet their customers' needs, ensuring better service quality and reduced latency.
List of Key Companies Profiled
- Cisco Systems, Inc.
- VMware, Inc. (Broadcom Inc.)
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- Juniper Networks, Inc.
- Check Point Software Technologies Ltd.
- IBM Corporation
- Anuta Networks International LLC
- BMC Software, Inc. (KKR & Co., Inc.)
- Open Text Corporation
Market Report Segmentation
By Component
- Solution
- SDN & NFV
- Network Automation
- C-Ran
- Other Solutions Type
- Services
- Professional Services
- Managed Services
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By End Use
- IT & Telecom
- Energy & Utility
- Healthcare
- Government
- Manufacturing
- Retail
- Media & Entertainment
- Other End Use
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Network Transformation Market by Component
Chapter 6. Europe Network Transformation Market by Organization Size
Chapter 7. Europe Network Transformation Market by End Use
Chapter 8. Europe Network Transformation Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Cisco Systems, Inc.
- VMware, Inc. (Broadcom Inc.)
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- Juniper Networks, Inc.
- Check Point Software Technologies Ltd.
- IBM Corporation
- Anuta Networks International LLC
- BMC Software, Inc. (KKR & Co., Inc.)
- Open Text Corporation
Methodology
LOADING...
