Global network optimization services market is expected to reach $18.1billion by 2027
Global network optimization services market is valued approximately at $7.4 billion in 2020 and is anticipated to grow with a healthy growth rate of about13.7 % over the forecast period 2021-2027. Network optimization services refer to the set of practices adopted to improve performance of the network. Different techniques and tools can be used to improve and monitor the network performance including minimizing latency, load balancing, bandwidth management and packet loss monitoring. The global network optimization services market is being driven by increasing number of branch offices and data centers and growth in the usage of IP video and virtualization. Furthermore, technological advancements in network infrastructure will provide new opportunities for the global network optimization services industry. According to Statista, the market revenue of colocation data center across the globe is expected to increase from $31.39 billion in 2019 to approximately $58.28 billion in 2025. Such increase in the data centers is expected to increase the adoption of network optimization services to enhance performance and efficiency and is expected to drive the market growth during the forecast period. However, high capex investment and budgetary constraints on IT investments may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global network optimization services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to factors such as increase in the number of branch offices and data centers, technological advancements, relatively lower infrastructure costs, etc. Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to factors such as rising demand for IP video and virtualization majorly in countries such as Japan, India, and China etc. in the region.

Major market player included in this report are:
Riverbed Technology
NetScout Systems
SolarWinds
Cisco
Huawei
Nokia Corporation
ZTE
InfoVista
Citrix
Circadence

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service:
Implementation
Consulting
Support and maintenance
By Application:
Local networks optimization
WAN optimization
RAN optimization
Data center optimization
By Deployment Type:
On-premises
Cloud
By Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large enterprises
By Vertical:
Banking, Financial Services, and Insurance
Telecom
Government and defense
Transportation and logistics
Travel and tourism
Manufacturing
Consumer goods and retail
Media and entertainment
Energy and utility
Healthcare and life sciences
Education
Information Technology (IT)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Network Optimization Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors