The global intelligent network market is expected to grow at a significant CAGR during the forecast period (2021-2027). The market is expected to grow globally owing to the introduction of new technologies and the increasing complexity of networks. On the other hand, the lack of essential budget among SMEs, as well as a low level of awareness among end-users and network administrators, are projected to hinder the market growth. Nonetheless, the market is expected to grow during the forecast period owing to the widespread adoption of new solutions, particularly in highly regulated verticals.
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The advent of sophisticated technologies such as IoT, 5G, and cloud are key factors driving the market growth. The market is being driven by the rapidly expanding complexity of networks, a massive increase in terms of data generation, and volatile changes in data traffic patterns. With more users, applications, and devices relying on the network for seamless connectivity to a wide range of consumer products, enterprise networks are increasingly under strain. Furthermore, enterprises are becoming more interested in advanced management tools and innovative network architectures that can use technologies such as machine learning and artificial intelligence (AI) to construct self-driving or autonomous networks. These improvements are also changing the way businesses rely on their partners’ and vendors’ services.
According to Cisco Systems, the growth of data and devices is putting more strain on networks, and 95% of network changes are done manually, resulting in operational expenses that are 2 to 3 times higher than the network’s value. During the forecast period, this trend is expected to drive the global intelligent network market. Furthermore, EXFO Inc., a well-known vendor in the communications industry’s test, monitoring, and analytics domain launched Nova Adaptive Service Assurance (Nova A|SA) in February 2020, which is the first intelligent automation platform that will allow mobile network operators to deliver ultra-reliable, high-quality service experiences in a 5G world.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Organization Size
o By End-User
- Competitive Landscape: Juniper Networks, Cisco Systems, Inc., Nokia Corp., Tech Mahindra Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Intelligent Network Market Report Segmentation
By Organization Size
- SMEs
- Large Enterprise
By End-User
- Cloud Service Providers
- Telecom Service Providers
- Managed Network Service Providers
- Others
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
