Report overview
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.
This report contains market size and forecasts of Converged Network Services in Global, including the following market information:
Global Converged Network Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Converged Network Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hardware Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Converged Network Services include Cisco Systems, Level 3 Communications, International Business Machines(IBM) and CloudGenix, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Converged Network Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Converged Network Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Converged Network Services Market Segment Percentages, by Type, 2021 (%)
Hardware
Software
Services
Global Converged Network Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Converged Network Services Market Segment Percentages, by Application, 2021 (%)
BFSI
IT
Telecom
Retail
Manufacturing
Others
Global Converged Network Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Converged Network Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Converged Network Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Converged Network Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cisco Systems
Level 3 Communications
International Business Machines(IBM)
CloudGenix
