DUBLIN, February 15, 2021 / PRNewswire / – Added “Virtual Network Work – Global Market Trajectory & Analytics” report ResearchAndMarkets.com’s offering.
The publisher will bring years of research experience to the 8th edition of this report. The 136-page report provides accurate insights into how the pandemic has affected production and the purchasing side for 2020 and 2021. Gradual recovery is also addressed in the short term. .
Global Network Action Virtual Market to reach US $ 45.9 billion by the year 2027
Amid the COVID-19 crisis, the global market for Virtual Network Work was assessed at US $ 8.1 billion by the year 2020, it is expected to reach a revised size of US $ 45.9 billion by 2027, growing at a CAGR of 28.1% over the 2020-2027 study period.
CSP, one of the sectors examined in the report, is expected to grow at a CAGR of 25.4% to reach US $ 8.5 billion before the end of the study period. After an early study of the industrial impacts of the pandemic and the economic crisis it has caused, growth in the BFSI sector has read to a revised CAGR of 27.5% for the next 7- year. This sector currently accounts for 25.7% of the global Virtual Network Activity market.
The US accounts for more than 30% of global market size in 2020, while China is expected to grow at a CAGR of 27.5% for the period 2020-2027
The Virtual Network Activity market in the US is estimated at US $ 2.4 Billion in the year 2020. The country currently accounts for 29.96% share in the global market. ChinaThe second largest economy in the world is expected to reach an estimated market size of US $ 8 Billion in the year 2027 slows a CAGR of 27.5% through 2027. Other geographic markets include Japan and Canada, all expected to grow at 24.8% and 24.3% respectively over the period 2020-2027. Inside Europe, Germany it is expected to grow at around 20% CAGR while the rest reaches the European market (as described in the study) US $ 8 Billion by the year 2027.
Information Technology Corners Corners of 40.2% in 2020
In the global Information Technology sector, USA, Canada, Japan, China and Europe it manages the estimated 31.3% CAGR for this sector. These regional markets account for a unified market size of US $ 2.6 billion in the year 2020 will reach a projected size of US $ 17.6 billion before the end of the study period. China remain among the fastest growing in this group of regional markets. Led by such countries Australia, India, and South Korea, the incoming market Asia-Pacific it is expected to arrive US $ 5.5 Billion by the year 2027.
Competitors identified in this market include, but are not limited to:
- Accenture PLC
- Allot Communications Ltd.
- Amdocs, Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Juniper Networks, Inc.
- Corporal NEC
- Nokia Corporation
- Nokia Networks
Key topics covered:
I. INTRODUCTION, METHODOLOGY & RANGE OF REPORT
II. SUMMARY
1. OVERVIEW
- Impact of COVID-19 and global economic downturn
- Global competitive market shares
- Worldwide Competitive Network Activity Market Share Location (in%): 2018E
2. A WORD ON SELECT PLANS
3. MARKET RESULTS & DRIVERS
4. GLOBAL MARKET VIEW
III. MARKET ANALYSIS
IV. TABLE
- Total Companies Profile: 54
For more information about this report, visit https://www.researchandmarkets.com/r/ngdt67
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