According to a new report, published by KBV research, The Global Network Transformation Market size is expected to reach $977.23 billion by 2031, rising at a market growth of 47.2% CAGR during the forecast period.
The Solution segment is leading the Global Network Transformation Market by Component in 2023; thereby, achieving a market value of $636.6 billion by 2031. This segment includes various technologies and products that enable network upgrades, modernization, and optimization. As organizations increasingly adopt digital transformation strategies, there is a rising demand for innovative and scalable networking solutions that provide flexibility, reduce costs, and enhance overall network performance. The large share reflects how essential these solutions are in helping businesses manage the complexity of modern networks while addressing the growing need for automation, cloud services, and real-time data processing.
The Energy & Utility segment is anticipating a CAGR of 45.4% during (2024 - 2031). Integrating smart grids, renewable energy sources, and advanced metering infrastructure has necessitated robust and secure network solutions. Network transformation enables energy and utility companies to enhance operational efficiency, ensure reliable service delivery, and implement real-time monitoring and control systems. Moreover, these advancements support the transition towards sustainable energy solutions by optimizing energy distribution and consumption. Enhanced cybersecurity measures are critical to protect critical infrastructure from potential threats and disruptions.
The Large Enterprises segment is leading the Global Network Transformation Market by Organization Size in 2023, thereby, achieving a market value of $573.3 billion by 2031. This significant share can be attributed to the substantial budgets and resources that large organizations can allocate toward upgrading and transforming their network infrastructures. Large enterprises often require robust, scalable, and secure networks to support their extensive operations, diverse business applications, and vast user bases. These organizations invest heavily in cutting-edge technologies such as 5G, AI, and IoT to enhance their network capabilities, ensuring improved performance, reliability, and security.
Full Report: https://www.kbvresearch.com/network-transformation-market/
The North America region dominated the Global Network Transformation Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $332.1 billion by 2031. The Europe region is experiencing a CAGR of 46.8% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 48.3% during (2024 - 2031).
By Component
By Organization Size
By End Use
Unique Offerings 
