How Are Advanced Technologies Redefining Enterprise Networks and Creating Pathways for Future Growth?
The transition towards Network-as-a-Service (NaaS) is becoming critical for enterprises aiming for strategic differentiation. This includes innovations in direct internet access (DIA), Secure Access Service Edge (SASE), multi-cloud management, and more. Organizations are moving from proof-of-concept to full-scale deployment of these technologies, and the absence of robust, enterprise-wide network strategies is impeding business expansion and commercial growth. This scenario intensifies the need for ecosystem players to address barriers such as complex technology integrations, data readiness, legacy infrastructure limitations, and regulatory compliance to fully reap the benefits of advanced network services.
How is your organization adapting its network solutions to meet the evolving demands of enterprise customers?
Key Megatrends in Enterprise Network Services
Frost & Sullivan conducted a global survey to understand businesses’ perceptions, decisions, and purchasing preferences for network access services. The survey revealed the following:
- Best-of-Breed Carriers: About 33% prefer best-of-breed carriers for quality, and 29% choose the same carrier for ease and cost-effectiveness.
- 5G Expansion: About 40% are using 5G and expanding, with 17% planning deployment in the next two years.
- Premium for 5G: Businesses are willing to pay a 10% premium for 5G’s superior speeds, latency, and device connectivity.
- 5G for Private Networks: 5G’s capabilities make it the top choice for private networks, with many planning deployments within two years.
Seizing New Growth Opportunities in Network Services
Advancements in network technologies are opening up new avenues for operational efficiency and innovation. Enhanced network management solutions are optimizing resource allocation, preventing failures, and bolstering security through advanced threat detection. These developments present opportunities for ICT providers to drive efficiencies, foster innovation, and develop new revenue streams by focusing on:
- NaaS Solutions: Providing tailored, application-specific services utilizing proprietary data and advanced algorithms.
- Implementation Platforms: Offering service-based implementation platforms with consumption-based pricing, positioning vendors as strategic partners.
- Integration Services: Facilitating the integration of devices, applications, and infrastructure, empowering enterprises to adopt advanced network technologies.
- Data Management Strategies: Developing robust plans for managing data across distributed IT environments.
- Network Applications: Enhancing SaaS offerings with advanced connectivity features and industry-specific solutions.
Has your growth team identified the most promising opportunities to thrive in the evolving network service landscape?
Navigating the Future of Network Services
As enterprise network services continue to evolve, understanding the critical factors driving network strategies and emerging growth opportunities is essential. By embracing NaaS and 5G, businesses can enhance operational efficiency and position themselves at the forefront of technological innovation, ready to seize future opportunities.
- Network and Security Convergence: 60% prioritize network and security convergence to address growing cybersecurity threats.
- Crucial Access Services: Businesses emphasize private 5G (56%), local area network (LAN) and wide area network (WAN) convergence (53%), and flexible bandwidth (52%) as key to their network strategy.
- Bandwidth-Intensive Applications: Machine learning (ML) and artificial intelligence (AI) (35%) and big data analytics (34%) are top bandwidth-intensive applications for boosting productivity, enhancing customer experience, and reducing costs.
How is your organization planning to leverage these findings to drive growth and innovation in network services?
About Frost & Sullivan
Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global enterprise network services ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes.
- Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
- Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
- Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
- Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.
