Private Network Services Market 2018 Share, Trend, Segmentation and Forecast To 2026
With increase in the number of mobile devices globally, the volume of data has continued to rise significantly over the last few years. As per the whitepaper ‘Cisco Visual Networking Index: Forecast and Trends, 2017–2022,’ the global IP traffic is expected to reach 4.8 ZB per year by 2022 from 1.5 ZB per year in 2017. Moreover, the number of devices connected to an IP network is expected to increase to 3.6 networking devices per capita by 2022 from 2.4 networking devices per capita in 2017. Thus, demand for rapid and private networks continues to rise, augmenting the demand for private network services. Private network services are services provided by IT service providers for the management of their clients’ networks. Private network services include LAN/WLAN management, unified communications to network consulting services, and network implementation services. Private network services help end-users focus on their core competencies and thereby, save on expenses required to maintain ...