As per the new report by Market Research Future (MRFR), the global network optimization services market will be worth USD 8 billion by 2023, registering a CAGR of 13% during the forecast period (2016-2023).

Regional Outlook

Region-wise, [FURL=https://www.marketresearchfuture.com/reports/network-optimization-services-market-4866]Network Optimization Services Market Size[/FURL] is segmented into Europe, North America, Asia Pacific, and the Rest of the world (RoW).

North America grabbed the lion’s share in the global market in 2016, while touted to retain its top position during the forecast period. North America is inundated with highly developed nations like the United States (U.S.) and Canada. There are various companies that are eagerly capitalizing in the region of North America. The main factor that adds fuel to the growth of the North America market is the rapid adoption of emerging technologies like smartphones and cloud platforms, in addition to the stable economy, infrastructure costs and technology enhancements. In addition, the increased cloud deployments along with the increasing adoption of online service delivery are highly instrumental in the growth of the network optimization market. Moving forward, a number of organizations in the region are adopting inorganic growth strategies in order to solidify their presence on a global platform.

Europe, on the other hand, is anticipated to depict a steady growth over the review period as the market has already matured in countries such as the United Kingdom (U.K) and Germany. Even though the region of Asia Pacific is not holding much of the market share, the region is still in the run to acquire substantial market share in the future backed by the presence of emerging countries such as India, Japan, Australia and China who are the major contributors to the network optimization services market. These countries are continuously adopting the cloud and mobile technologies, boasting of a favorable market for network optimization solution and service vendors.

In the Asia Pacific, the main drivers of the market growth are increased cloud deployments and growing adoption of online service delivery. Moreover, various organizations in the region have adopted inorganic growth strategies to gain a competitive edge amongst their competitors.

Key Vendors

Few prominent players in the global network optimization services market are ZTE Corporation (China), Cisco Systems, Inc (U.S.), SolarWinds Inc (U.S.), Nokia Corporation (Finland), Huawei Technologies Co. Ltd (China), Citrix Systems, Inc (U.S.), Info vista (France), Silver Peak Systems (U.S.), NETSCOUT Systems, Inc (U.S.), Riverbed Technology, Inc and Circadence Corporation (U.S.).

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