Packet Networking Solution Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Packet Networking Solution Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • ICT

Report Description

Packet Networking is the breaking up of data such as images, email and voice into small formatted units which are called packets. These packets are transmitted across a network to other devices such as smartphones, where the packets are then reassembled to their original form. Businesses use Internet Protocol to monitor delivery of the packets over Ethernet links, which connect devices in a local area network. Packet-based networks are the most efficient, cost-effective and scalable way for delivering content from one position to another. Packet networks are key enablers of today’s business and social communications.

Packet technologies overcome the disadvantages of circuit-based networks. Using packet based architecture, dedicated end-to-end links are no longer required. Instead, user’s information is packetized and sent over a shared network to the desired destination. Therefore, the system becomes more effective, which enables various end users to access the network concurrently while optimizing usage of the end-to-end network, creating ample growth opportunities for the packet networking solutions market. Packet networking technologies make most efficient use of the network by balancing the load on a millisecond-by-millisecond basis.

Carrier Ethernet, a packet networking technology that extends the connections over a wide area network by integrating technologies which are required to successfully move packets over vast distances. It enables data movement across the wide area network (WAN) that takes into account the unique features of carrying packets over large distances. This allows WAN-based Ethernet services to be more easily managed and compared from both the service provider and end user viewpoints. Carrier Ethernet is expected to dominate emerging network deployments as it supports a variety of use cases and traffic demands. It can carry packets based on IP and any other protocols since these technologies are service protocol agnostic. Enterprises can make use of this technology as it caters to various applications such as to serve various corporate networks, to serve external as well as internal users and to provide data center interconnections.

Packet networking technologies have advanced gradually in the last few years, owing to the market’s growing demands for various kinds of networking applications. With optical-based services, enterprises and carriers can provide WAN connectivity as easily as LAN connectivity.

The global packet networking solutions market can be segmented based on component, technology, application, organization size and region. On the basis of component, the market can be segmented into software (cloud-based and on-premise) and services (managed and professional services), platform and hardware. On the basis of end user the market can be segmented into banking financial services and insurance (BFSI), manufacturing, hospitality, healthcare, retail, IT and telecommunication, automobile, government and others.

The market is segmented on the basis of regions into North America, South America, Europe, Asia Pacific and Middle East & Africa. North America is anticipated to contribute a major share in the packet networking solutions market during the forecast period. The region has a significant presence of prominent technology players to cater to the rapidly growing packet networking solutions market. Adoption rate of packet networking technologies by large and small enterprises in North America is comparatively high compared to other regions. Asia Pacific is expected to be the fastest growing market for packet networking solutions. Rising demand for packet networking solutions in emerging countries such as China and India is driving the market growth. Europe is also expected to show significant growth in the packet networking solutions over the forecast period. South America and Middle East & Africa regions are also expected to contribute toward the growth of the market with lucrative opportunities in the long run.

Some of the major players active in the development of packet networking solutions include Cisco Inc., Fujitsu Corporation, Ciena Corporation, Corvil, Juniper Networks and Infinera Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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