The global network optimization services market 2020, as projected by MRFR, is likely to secure the value of USD 8 billion by 2023, at a CAGR of 13% over the review period.
Many trends, such as the increasing number of branch offices and data centres, the rise of Internet Protocol ( IP) video use are expected to contribute towards the growth of the industry. Corporations across the globe accept network management tools because of the rising number of branch offices and data centres. Furthermore, the increasing virtualization trend is also driving business growth.
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The global network optimization services market is analyzed into the industry, application, deployment, service type, and region.
The industry is segmented by application into Local Area Network ( LAN) optimization, Wide Area Network (WAN) optimization, Radio Access Network (RAN) optimization, and data centre optimization. Among these, optimization technologies for the Wide Area Network ( WAN) lead the existing market and are projected to demonstrate rapid growth. Growing competition on the branch office networks for companies to incorporate network and device management.
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