The global network infrastructure market was valued at almost USD 700 billion in 2015 and is expected to reach USD 988 billion by 2020
Procurement market intelligence analysts have announced its latest market research report on network infrastructure services for the period 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the network infrastructure services market during the forecast period. Some of the top vendors listed in this industry analysis include Cisco, Alcatel-Lucent, Huawei, Juniper Networks, and ARRIS Group.
In terms of geographical analysis, the Americas dominated the global market for network infrastructure during 2015 by accounting for around 47% of the overall market share.
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According to Angad Singh, a category specialist at Technavio for research on category spend intelligence, “Suppliers in the market are now offering next-generation security architecture that can be integrated with different platforms to reduce the effect of security-related and data loss issues that are increasingly troubling businesses. Such an architecture correlate threat elements present at different places within networks and destroy them. Besides, it enhances data security during data transfer over networks”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Demand for internet-enabled devices
The demand for internet-enabled devices for uses such as conducting financial transactions, including payment of bills via credit and debit cards, and online bank transfers is currently on the rise. Consumers also make use of such devices for entertainment purposes, such as downloading of movies and music. The trend is resulting in an exponential increase in the consumption of internet data and broadband services, and has resulted in the setting up of high-end infrastructure to meet the growing demand.
Growing popularity of cloud networking
The need for converged infrastructure to optimize network performance is growing with shift towards cloud-based servers among organizations. Networking layers is a critical part of converged systems, and this is augmenting the demand for network backplanes, switches, and fabric interconnects in the market.
Increased adoption of virtualization technology
The adoption of virtualization technology creates more data center architecture resources, which, in turn, increases the demand for scalable IaaS network infrastructure. The rise in demand is prompting more companies to offer IaaS, subsequently adding to the demand for network infrastructure.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Network Infrastructure Services – Procurement Market Intelligence 2016’.
