India, China and Mexico rising in network maturity

Over the next two years, 45 per cent of organisations expect to achieve digital-ready network capabilities. This has been indicated in a recent study that was conducted by IDC and commissioned by Cisco. In the research that surveyed 2,054 global organizations across 10 countries to determine the digital readiness of their networks and covered both mid-market and large organizations from the Australia, Canada, China, France, Germany, India, Japan, Mexico, the United Kingdom and the United States; it was uncovered that organisations clearly recognize the need to evolve their networks.

Modern networks are delivering real, tangible benefits - the findings indicate. Companies that have invested in modern network capabilities are experiencing two to three times the rate of growth in revenue, customer retention and profit. They have also deployed twice as many digital transformation initiatives compared to companies with legacy networks.

The study noted that adoption rates are comparable across company size and industry vertical. It turns out that network maturity levels are comparable across market segments, with minimal variation between mid-market (500-999 employees) and large (over 1000) organizations.

It is interesting to see Emerging countries may leapfrog developed nations. The real variance occurs when comparing countries. North America currently has the highest level of network maturity, while Asia Pacific and Latin America report the lowest. The most mature countries include the UK, USA and Australia. However, the most significant jump in maturity is expected to occur in emerging economies -- India, China, and Mexico.