What is Converged Network Services Market?
Network convergence combines support for multimedia, telephone, and data on a single network. Network convergence offers regulated Internet connections for large and complex organisation are regulated behind the same firewalls or sign-on credentials. This network convergence allows registered users access their Internet, Ethernet, Wi-Fi, and mobile connections through a single network. Increasing adoptions for cost effective network services and technological advancements driving the demand for fiver optic network management. Geographically, Asia Pacific region is expected to grow with highest market share owing to increasing modernisation in networking followed by North America and Europe.
The market study is being classified by Type (Communication System {Wi-Fi, Ethernet, mobile, and VoIP} and Service), by Application (BFSI, IT, Telecom, Retail, Manufacturing and Others) and major geographies with country level break-up.
Cisco Systems, Inc. (United States.), Level 3 Communications, LLC (United States), International Business Machines (IBM) Corporation (United States), CloudGenix Inc. (United States), Huawei Technologies Co. (China), Broadcom (United States), Finisar (United States), ADVA Converged Network Services (Germany), Juniper Networks (United States), Oclaro (United States) and Arista Networks (United States) are some of the key players profiled in the study.
The market of Converged Network Services is expected to grow with rising demand for IT companies. Several companies are operating in the market to provide Converged Network Services technology with number of unique features. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Segment Analysis
Analyst at AMA have segmented the market study of Global Converged Network Services market by Type, Application and Region.
On the basis of geography, the market of Converged Network Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Technological Advancement in Converged Network Services has Created Demand
- Increasing Adoptions Low Cost of Network services
Market Trend
- Growing Technological Advancements in IoT Market
Restraints
- Limited Modernization of Network Infrastructure in Middle East and African Countries
- Risk of Disruption in Converged Service
Opportunities
- Growing International and Domestic IT Companies in Emerging Countries
Challenges
- Managing the Bandwidth Allocation
Key Target Audience
Converged Network Services Providers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry