A Rise in
the adoption of intelligent network in the wireless 4G networks is the major
factor aiding the growth of the global intelligent networks market. The
wireless 4G network provides reuse of network functions, efficient manipulation
of the network resources and extensive use of information processing
techniques.
Market
Size – USD 2.17 billion in 2018, Market Growth - CAGR of 25.1%, Market Trends –
Advent of new technology such as 5G and the IoT
The IntelligentNetwork market is expected to grow from USD 2.17 billion in 2019 to USD
10.43 billion by 2026, 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.
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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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 2026.
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Network Market report covered with tables and figures for
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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.
- Key
players within the intelligent network market includes major companies,
such as 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).
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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, 2016-2026)
- Information
Cognition
- Prediction
and Classification of Traffic
- Resource
Management and Network Adoption
- Performance
Prediction and Configuration Extrapolation.
- Intelligent
Network Market by End-User (Revenue, USD Million, 2016-2026)
- Telecom
Service Providers
- Cloud
Service Providers
- Managed
Network Service Providers
- Other
Enterprises.
- Intelligent
Network Market, by Enterprise Size (Revenue, USD Million, 2016-2026)
- Small
and Medium-Sized Enterprises
- Large
Enterprises
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