The global Backbone Network Services Market Growth Accelerated by Increased Demand for Unified Communications
Backbone network services form the communication infrastructure for effective exchange of data between users across various network segments. These services provide high-performance transmission capabilities through carrier-neutral facilities for bandwidth-intensive data and applications. They deliver transmission via fiber optic and microwave connections in a scalable, reliable, and secure manner. With the rising adoption of cloud computing, 5G deployment, and video streaming services amid remote working scenarios, the need for high-speed data transmission is growing exponentially. The global Backbone Network Services Market is estimated to be valued at US$ 92.66 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the backbone network services market is the increased demand for unified communications. With mo...