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