Converged Network Services Market
Converge network services, often referred to as media convergence, offer voice, video, and data communication on a single network, facilitating convenience and flexibility that is challenging to achieve through separate infrastructures.
Previously, network service providers connected to servers using a variety of hardware, networks, and protocols, but with the help of converged network services, users can access a wide range of services like internet browsing, texting, voice over internet, video conferencing, etc. with the help of a single infrastructure, providing benefits like improved service quality at a reasonable cost and improved malware protection.
Standardization on Ethernet, Wi-Fi, and TCP/IP helps service network providers integrate many vendors’ products, which in turn makes network management for IT administrators relatively simpler.
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Converged Network Services: Drivers and Challenges
Converged network services offer a number of advantages such as low cost of services offered, lower investment involved in the implementation, lower maintenance cost etc. and these advantages are expected to drive the demand for converged network services. Other factors supporting the growth of converged network services include requirement to upgrade obsolete datacentres, growing cloud services, growing IoT market etc.
The major challenges faced by converged network services market includes managing the bandwidth allocation to increasing number of devices and applications, modernization of network infrastructure, complexities involved in integrating the legacy networks and devices, enhanced risk of disruption of services in case of network malfunction etc.
Global Converged Network Services: Market Segmentation
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Global Converged Network Services: Regional Trend
Among various regions, converged network services market in North America region is expected to dominate during the forecast period because of region’s strong BFSI, IT, telecom, retail and manufacturing sector and the presence of major converged network services providers. North America region is expected to be followed by Western Europe and APEJ.
APEJ region is expected to drive the demand for converged network services market, supported by increasing demand for telecom services from countries with a high population including China and India and increasing penetration of internet services supported by increasing number of smartphones and mobiles.
Global Converged Network Services: Competitive Landscape
Some of the prominent players in the field of converged network services include Cisco Systems, Inc. (U.S.), Level 3 Communications, LLC (U.S.), International Business Machines (IBM) Corporation (U.S.), CloudGenix Inc. (U.S.), etc.
The report covers exhaustive analysis on:
- Global Converged Network Services Segments
- Global Converged Network Services Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global Converged Network Services Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Converged Network Services
- Global Converged Network Services Current Trends/Issues/Challenges
- Competition & Companies involved in Converged Network Services
- Converged Network Services Solutions Technology
- Value Chain of Converged Network Services
- Global Converged Network Services Drivers and Restraints
Regional analysis for Global Converged Network Services includes
- North America Converged Network Services
- US
- Canada
- Latin America Converged Network Services
- Argentina
- Mexico
- Brazil
- Rest of Latin America
- Western Europe Converged Network Services
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe Converged Network Services
- Poland
- Russia
- Asia Pacific Converged Network Services
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
- Japan Converged Network Services
- The Middle East and Africa Converged Network Services
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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