Global Network Transformation Market: Key Highlights
Global Network Transformation Market: Key Market Dynamics
Global Network Transformation Market: Regional Overview
According to the Department of Foreign Affairs and Trade, the cyber cooperation program is a partner with Asia-Pacific Network Information Centre (APNIC) to enhance a cohesive, integrated and trusted security community in the Pacific. Moreover, in 2018 Nokia and China Mobile have signed a one-year frame agreement of USD 1.15 billion to support and enhanced the Chinese mobile operator transition for further oriented network infrastructure. According to the Japan External Trade Organization (JETRO), Japan is projected to improve its internet connectivity such as Wireless Fidelity (Wi-Fi) by making an investment upon it.
Hence, the growing network and technologies transformation in the region is anticipated to create a positive impact on the growth of the Network Transformation Market in the region.
According to the European Commission, the connecting Europe Broadband Fund is taken an initiative by the European Commission and the European Investment Bank (EIB) is supporting the financing of broadband network infrastructure with the USD 117 million from the Connecting Europe Facility. European Commission set out new strategic targets for 2025 to create a Gigabit Society, it is anticipated the 5G-PPP public-private partnership to receive up to USD 821 million in EU funding for advancing the private funding is projected to reach by USD 4.1 Billion by 2025. Furthermore, Enterprise Europe Networks is a global largest player that helps small and medium-sized enterprises (SMEs) to innovate and grow worldwide.
Therefore, the growing adoption technology in the region will be projected to lead the demand for the market.
Global Network Transformation Market: Key Players Overview
Juniper Networks, Inc. is a multinational company that develops and market networking products, switches, routers, network security products, and software defines networking technology. Moreover, the company enhanced its services by network functions virtualization (NFV) solution which combines a turnkey software cloud management system and also improving architecture based on programmability and virtualization. Furthermore, in 2018 Juniper Networks expands its partnership with Ericsson to enhance its 5G transformation which provides an end-to-end solution and helps reduce the complexity.
Huawei Technologies Co., Ltd. is a global leading provider for information and communications technology. The company provides telecommunications equipment and sells consumer electronics and smartphones. Moreover, the company is providing a single strategy of solution for fast and efficient development for enhancing network. The company is promoting an All-Cloud telecommunication architecture that is easy to upgrade, and able to enhance digital transformation. In 2019, Huawei announced the release of the Telco Cloud Networking Solution to deliver a 400G data center network in the industry and enables innovative services such as empowering 5G, the Internet of Things (IoT), and Virtual Reality (VR).
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