The global network orchestration market is anticipated to grow at a significant CAGR during the forecast period 2024-2031. Network orchestration is the programming process of automated behaviors in a network that differentiate the network services from the network components. This process enables the network to smoothly coordinate with the hardware and software elements to support and promote the applications and services of the network.
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The increasing adoption of cloud-based services, growing need for a simplified network, and rising automation trends for an efficient network are anticipated to boost the growth of the global network orchestration market during the forecast period. The substantially growing demand for data center consolidation and server virtualization is further projected to supplement the market growth during the forecast period. Additionally, the emergence of analytics applications and the elevated need for services that manage and coordinate SDN (software-defined network) are some key factors that witness ample growth opportunities for the network orchestration market.
Moreover, the key players present in the global network orchestration market include Broadcom Corp., Cisco Systems, Inc., Fujitsu Ltd., HP Inc., and others are adopting various strategies including product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in 2020, DISH Network Corp., a nationwide US wireless carrier collaborated with IBM and plans to raise their innovation in wireless networking with the acquisition to deliver AI-powered automation and network orchestration software and services for new cloud-native 5G network. O-RAN (open RAN) 5G broadband networks are offered by DISH as the nation’s first virtualized network that gain huge momentum in the market.
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Market Coverage
- Segment Covered-
- By Type
- By Component Type
- By Application
- Competitive Landscape- Broadcom Corp., Cisco Systems, Inc., Fujitsu Ltd., HP Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Orchestration Market Report Segmentation
By Type
o On-Premise
o Cloud-Based
By Component Type
o Solutions
o Services
By Application
o Large Enterprise
o Small and Medium Companies
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