|Status : Upcoming||Report Code : VRICT5015||Industry : ICT & Media||Available Format :|
The global intelligent network market is anticipated to grow at a significant rate during the forecast period (2018 – 2024). An intelligent network is a network that delivers precise technical competencies and this system is associated with telecom networks as technological advancements are expanding the proficiencies of his segment beyond facilitation of phone calls. Furthermore, increase in data volume and evolving patterns of data traffic is expected to further drive the growth of intelligent network market across the globe.
Insight by Application
On the basis of application, the market is segmented into traffic prediction and classification, performance prediction and configuration extrapolation, information cognition, and resource management and network adoption. Among these segments, traffic prediction and classification are witnessing fastest growth as application in intelligent network market globally.
Insight by End-User
On the basis of end-user, the intelligent network market is segmented into managed network service providers, telecom service providers, cloud service providers and others. Among these segments, the cloud service provider is expected to witness fastest CAGR during the forecast period. The growth of this segment is attributed towards the development of large number of data centers across the globe that helps in reducing the latency that strengthens the demand for integrated network market. Moreover, telecom service providers segment is expected to contribute largest revenue to the global market.
Insight by Enterprise Size
On the basis of enterprise size, the intelligent network market across the globe is categorized into large and small and medium enterprises. Among these two segments, the small and medium enterprises are expected to witness fastest growth during the forecast period. The growth of this segment is due to expansive requirement for flexible and efficient operations in these enterprises that are attained with the help of artificial intelligence systems, thereby strengthening the growth of the intelligent network market.
The introduction of artificial intelligence and cloud systems are the key trends observed in the intelligent network market. Furthermore, mounting demand from business organizations to monitor smooth functioning of its business activities along with delivery of appropriate services to its clients are other trends observed in the market, globally.
The introduction of latest technologies that includes 5G, cloud and IoT is rapidly increasing the complexity of networks, which is driving the growth of intelligent network market across the globe. With the advent of latest technologies, the IT experts are progressively updating their techniques and adopting these technological developments in order to aid newly developed tools such as intelligent network. According to a recent report published by Ericsson, it has been indicated that the developing technologies such as IoT and 5G are making the daily operations of business organizations more complex and difficult.
Furthermore, with the emergence of artificial intelligence system and intelligent network system. enterprises are able to eradicate such errors and hence are able to augment flexibility and efficiency in their operations. With the adoption of artificial intelligent business organizations are able to improve efficiency, optimize their networks and deliver convincing and satisfying experiences to its users. Moreover, these factors are pertaining towards the growth of intelligent network market across the globe in the near future.
Reduced skill and proficiency in artificial intelligence-based networking is expected to hinder the growth of the intelligent network industry across the globe. Moreover, lack of consciousness among network operators and end-user organization is expected to further hamper the growth of intelligent network market globally.
Globally industry players in the intelligent network market are leveraging market growth through new product development, technological advancements and strategic progressions. Moreover, key players operating in the market are undertaking merger and acquisitions that is effectively contributing towards the increasing demand for solutions in the market.
Geographically, Asia-Pacific is expected to witness fastest growth during the forecast period. The growth of intelligent network market in this region is attributed towards increasing number of service providers of cloud and telecom operators that are expansively depending upon artificial intelligence assisted solutions. Moreover, North America is estimated to generate largest revenue in 2017 and is expected to grow at significant rate during the forecast period. The network intelligent solution in this region is observing rampant growth due to latest technologies such as virtualization of network, deep learning and analytics.
The intelligent network market is fragmented with the presence of key players such as Cisco, Tech Mahindra, Huawei, Netcracker, Ericsson, Aruba, Netrolix, Nokia, Sandvine, and Ennetix. However, these players are looking for mergers and acquisitions as a strategy to increase their market share.