Converged Network Services Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Converged Network Services: Introduction

Converge network services also known as media convergence provides data communication, video, and telephone services on a single network, aiding in convenience and flexibility which is difficult to achieve through separate infrastructures. Network service providers earlier were using number of hardware, networks, and protocols to connect to servers, but with the aid of converged network services users can avail number of services such as internet browsing, texting, voice over internet, video conferencing etc. with the aid of a single infrastructure offering advantages including improved quality of service at a moderate cost and enhanced protection against malware. Standardization on Ethernet, Wi-Fi, and TCP/IP aids the service network providers in integrating disparate vendors and products, making network management relatively easier for IT administrators.

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

Global converged network services market can be divided into three segments, based on vertical, component, and region.

Segmentation on the basis of Vertical for Converged Network Services Market:

The major segments of converged network services market on the basis of vertical include:

  • BFSI
  • IT
  • Telecom
  • Retail
  • Manufacturing
  • Others

Segmentation on the basis of Component for Converged Network Services Market:

The major segments of converged network services market on the basis of the component include:

  • Hardware
  • Software
  • Services

Segmentation on the basis of Region for Converged Network Services Market:

The major segments of converged network services market on the basis of the region include:

  • Asia-Pacific excluding Japan
  • The Middle East and Africa
  • Western Europe
  • North America
  • Eastern Europe
  • Latin America
  • Japan

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.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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