Security, Automation, AI, and Adjacent Services Are the Keys to Success
14-Feb-2024
Global
Market Research
KA06-01-00-00-00
TE_2024_579
Frost & Sullivan expects 2.1% year-over-year market growth for global network services in 2024. Certain services, such as software-defined wide area network/ secure access service edge (SD-WAN/SASE) and managed security, continue to experience double-digit revenue growth and will offset the declines in traditional transport services. The traditional transport service revenue decline is not as bleak as it sounds, and Frost & Sullivan sees it as a sign of innovation outpacing prices. For instance, a 10 Gbps connection is 2 to 3 times the price of a 1 Gbps connection, and a 100 Gbps would be 3 to 4 times the price of 10 Gbps; thus, the transport layer has allowed for higher speeds at lower per-unit cost while managing continual innovation to keep up with traffic growth.
As enterprises continue their digital transformation journey, network operators are actively changing themselves and their services to support these customers. An example of this approach is via SD-WAN and SASE solutions, in which network experts help implement and support enterprises’ cloud-based offerings.
The “as a service” offering remains the modern consumption model for many companies. The network services industry is supporting this approach with self-service transaction models and frictionless sales cycles wrapped in automation with security and AI built in. Adoption of these models will continue and complement the live interaction needed for modern hybrid networks.
Author: Amrit Singh
Strategic Imperatives
Top 10 Growth Opportunities
Growth Opportunity 1: Dedicated Internet Access Services Continue to Flourish
Growth Opportunity 2: Wavelength Services, a Preferred Choice of Cloud Service Providers
Growth Opportunity 3: Self-healing, AI, and ML Components Drive SD-WAN Growth
Growth Opportunity 4: ZTNA Leads the Pack of SD-WAN / SASE Services
Growth Opportunity 5: Managed Security Offerings
Growth Opportunity 6: LAN in Addition to WAN
Growth Opportunity 7: Smart Private 5G Fuels Smart Cities
Growth Opportunity 8: NaaS Grows as the Automated Self-service Subscription
Growth Opportunity 9: Notable M&A Activity
Growth Opportunity 10: The Monetization of Generative AI and AI
Next Steps
Legal Disclaimer
Speak directly with our analytics experts for tailored recommendations.
Recent related Communications Services research
31 Aug 2026 | Global | Customer Research
Growth Opportunities for Communications and Collaboration in the Travel, Hospitality, and Passenger Transport Industry, Global, 2026–2029
This study examines growth opportunities for communications and collaboration technologies across the travel, hospitality, and passenger transport industry, drawing on Frost & Sullivan's 2026 information technology decision-maker (ITDM) survey. It captures how organizations in this sector are priori...
21 Aug 2026 | Global | Technology Research
Growth Opportunities in Quantum Computing Systems, AI Cloud Platform, Orbital Data Centers, Sovereign AI, Multimodal AI Agents, and Cloud Infrastructure Platform
This edition of the IT, Computing and Communication Technology Opportunity Engine explores growth opportunities across Quantum Computing Systems, AI Cloud Platforms, Orbital Data Centers, Sovereign AI, Multimodal AI Agents, AI-powered Event Platforms, Cloud Infrastructure Platforms, Field Foundation...
04 Aug 2026 | North America | Market Research
Retail and Wholesale Ethernet Market Forecast, North America, 2026
This Frost & Sullivan report examines leading service providers in North America that offer comprehensive Ethernet services across both retail and wholesale segments. The market continues to face declining revenue growth, driven by ongoing price compression, increased competition, market maturity, a...
04 Aug 2026 | Global | Customer Research
Voice of Customer Network & Wireless Services Survey, Global, 2026
This Frost & Sullivan 2026 Voice of the Customer survey analyzes enterprise network priorities and the growing role of NaaS across a global sample of 1,200+ IT decision-makers. The research shows that enterprise networks are expanding and becoming more distributed, increasing demand for reliability,...
28 Jul 2026 | Global | Market Research
Enterprise Communications Reimagined by AI
This research report frames artificial intelligence (AI) not as an incremental feature but as a paradigm shift in unified communications (UC), redefining how enterprises connect, coordinate, and get work done. For decades, UC platforms have acted as passive conduits—carrying calls, messages, and mee...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Market Research |
|---|---|
| Author | Amrit Singh |
| Industries | Telecom |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Network Services Growth Opportunities |
| Keyword 2 | Network Services Forecast |
| Keyword 3 | Network Services Industry Insights |
| Podcast | No |
| WIP Number | KA06-01-00-00-00 |
Top 10 Growth Opportunities in Network Services, 2024
$2,450.00
Special Price $1,837.50 save 25 %