24 Apr CTO Jonathan Cartu Writes – Intelligent Network Market Will Reflect Significant Growth
The Intelligent Network Market is expected to grow from USD 2.17 billion in 2019 to USD 10.43 billion by 2027, at a CAGR of 25.1% during the forecast period. 5G and IoT are a game-changer for the telecommunications industry. These give rise to a higher number of connected devices and lead to demand for seamless connectivity which is delivered by Intelligent Networks.
Rising demand for services by telecom consumers is expected to boost the intelligent network market further globally. Network users are demanding increasingly complex services that cannot be effectually supported by current network designers.
In market segmentation by manufacturers, the report covers the following companies:- APCON, Inc (US), Aria Networks (UK), Aricent, Inc., Aruba Networks (US), Balbix Inc (US), BluVector (US), BOCO Inter-Telecom Co. Ltd (China), Cisco Systems (US), Colt Technology Services (UK), Darktrace (UK), Ennetix, Inc (US), Entuity, Ltd (UK), Ericsson (Sweden), ExtraHop Networks (US), Flowmon Networks (Czech Republic), Huawei Technologies (China), Juniper Networks (US), Loom Systems (US), Mist Systems (US), Netcracker Inc. (UK), Netrolix LLC (US), Nitro Mobile Solutions, LLC (US), Nokia Corporation (Finland), Sandvine (Canada), and Tech Mahindra Limited (India).
There is a need to spread application processing to network elements, share data, and advanced telecommunications services. All these factors have led to the advent of new networking architectures, which will compel the demand of an intelligent network market.
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This report covers the recent COVID-19 incidence and its impact on Intelligent Network Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the intelligent network market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2027.
The report “Intelligent Network Market by End-Use Application (Resource Management and Network Adoption, Performance Prediction and Configuration Extrapolation, Information Cognition, Traffic Prediction and Classification,), End-User (Cloud Service Providers, Managed Network Service Providers, and Geography-Global Forecast 2027”
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For this report, the market has been divided into segments on the basis of End-Use Application, End-User, enterprise size, and Region:
Intelligent Network Market by End-Use Application (Revenue, USD Million, 2020-2027)
Prediction and Classification of Traffic
Resource Management and Network Adoption
Performance Prediction and Configuration Extrapolation.
Intelligent Network Market by End-User (Revenue, USD Million, 2020-2027)
Telecom Service Providers
Cloud Service Providers
Managed Network Service Providers
Intelligent Network Market, by Enterprise Size (Revenue, USD Million, 2020-2027)
Small and Medium-Sized Enterprises
Intelligent Network Market Regional Outlook (Revenue, USD Million, 2020-2027)
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Further key findings from the report suggest
The surge of Intelligent Network Market is directly fueled by the demand for application of 5G and IoT among the fixed and mobile telecom network.
Intelligent network, also known as the smart network, is an independent telecommunications network put into effect to simplify the connectivity of networks in both, accessible and remote locations. It connects the gap between network performance and business outcome, resulting in better performance and delivery of improved and reliable services.
Information cognition is anticipated to have a higher market share during the predicted period, as there is a rise in the need for information cognition for on data collection of networking operations which include trace route, traffic matrix, network characteristics, and other such data functionalities.
The providers of cloud service increase the number of data centers globally to decrease the time taken, which increases the demand for gigantic integrated network infrastructure. Therefore, the network becomes complicated for delivering business applications and other content at quite a high speed.
Large enterprises segment is anticipated to have a larger market share than the SMEs segment. This segment is expected to witness notable growth due to many features including bandwidth monitoring, application monitoring, traffic monitoring, network security, and capacity planning, which is prevalent among the large enterprises.
The adoption of intelligent networking solutions in North America is driven by the extension of innovative technologies, such as analytics, virtualization of network and deep learning. Asia Pacific (APAC) is speculated to grow at the highest CAGR of 27.33% during the projected period, as many telecom operators and cloud service providers have started depending on AI-enabled solutions.
The global Intelligent Network Market report answers some important questions for you:
What will be the market potential as well as the concentration of the global Intelligent Network segment for the forecast period?
What will be the avenues for access to the global Intelligent Network Market for the newly added range?
How are business owners planning to meet the production demand and sales requirements to gain a competitive edge over others?
Which demographic regions will witness a greater demand during the estimated period?
What will be the composition of the target market? What are the gaps? Where do most new opportunities lie?
What will be the consumers’ attitude towards the business during the forecast…