The North America Network Transformation Market is expected to witness market growth of 46.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $238.43 billion by 2031. The Canada market is experiencing a CAGR of 49.4% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 48.1% during 2024-2031.
The network transformation market is experiencing rapid growth as enterprises, service providers, and telecommunications companies across the globe work to modernize and optimize their networks to meet the demands of the digital age. Network transformation refers to upgrading, restructuring, and rethinking how network infrastructure is designed, deployed, and operated, aiming to improve performance, scalability, and flexibility while reducing operational costs.
Additionally, with the increasing demand for faster, more reliable connectivity and the proliferation of emerging technologies like 5G, IoT (Internet of Things), and cloud computing, network transformation has become a critical strategy for organizations in multiple industries.
The increasing investments in the telecommunications and healthcare sectors in Canada and Mexico are pivotal in driving the growth of the network transformation market. These two key factors are fostering demand for more advanced and efficient network infrastructure to support the evolving needs of both industries.
The US market dominated the North America 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 $238.43 billion by 2031. The Canada market is experiencing a CAGR of 49.4% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 48.1% during 2024-2031.
The network transformation market is experiencing rapid growth as enterprises, service providers, and telecommunications companies across the globe work to modernize and optimize their networks to meet the demands of the digital age. Network transformation refers to upgrading, restructuring, and rethinking how network infrastructure is designed, deployed, and operated, aiming to improve performance, scalability, and flexibility while reducing operational costs.
Additionally, with the increasing demand for faster, more reliable connectivity and the proliferation of emerging technologies like 5G, IoT (Internet of Things), and cloud computing, network transformation has become a critical strategy for organizations in multiple industries.
The increasing investments in the telecommunications and healthcare sectors in Canada and Mexico are pivotal in driving the growth of the network transformation market. These two key factors are fostering demand for more advanced and efficient network infrastructure to support the evolving needs of both industries.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Network Transformation Market by Component
Chapter 6. North America Network Transformation Market by Organization Size
Chapter 7. North America Network Transformation Market by End Use
Chapter 8. North America 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
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