Intelligent Network Market Growing at CAGR of 27.1% | Key Players Cisco, Huawei, Ericsson, Tech Mahindra, Nokia

November 27 12:22 2019
Intelligent Network Market Growing at CAGR of 27.1% | Key Players Cisco, Huawei, Ericsson, Tech Mahindra, Nokia

Cisco Systems (US), Huawei Technologies (China), Ericsson (Sweden), Tech Mahindra Limited (India), Aruba Networks (US), Nokia Corporation (Finland), Juniper Networks (US), Colt Technology Services (UK), Netcracker Inc. (UK), Sandvine (Canada), Loom Systems (US), Aricent, Inc. (US), Ennetix, Inc (US), Aria Networks (UK), ExtraHop Networks (US), Entuity, Ltd (UK)…
Intelligent Network Market by Application (Information Cognition, Traffic Prediction and Classification, Resource Management, Performance Prediction, and Configuration Extrapolation), End-user, Enterprise Size, and Region – Global Forecast to 2023

The Intelligent Network Market is segmented by application, end-user, enterprise size, and region. MarketsandMarkets forecasts the global intelligent network market to grow from USD 3.01 billion in 2018 to USD 9.99 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period. An intelligent network refers to AI-enabled networking operations. To make networking operations more agile and streamlined, companies have shifted focus toward AI and machine learning. The networking industry has witnessed tremendous growth in data consumption, invariable traffic flow, number of end-users, and use of resources. Preemptive and proactive services play a vital role in managing such scenarios, which has resulted in a transitional shift toward technological developments that are in line with network monitoring.

Major factors driving the intelligent network market growth are advent of new technologies, such as 5G, IoT and cloud, increases the complexity of networks, growth in data volumes, and changes in traffic patterns. Among application, information cognition is expected to hold a larger market size and to grow at a higher CAGR during the forecast period, as there is an increasing need for information cognition on data accumulation of networking operations which include network characteristics, trace route, traffic matrix, and other such data functionalities.

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Among end-users, the cloud service providers segment is expected to grow at the fastest rate during the forecast period. The cloud service providers increase the number of data centers globally to decrease the latency, which in turn, is expected drive the demand for massive integrated network infrastructure. Therefore, the network becomes complex for delivering business applications and other content at high speed rates.

Among enterprise size, the large enterprises segment is expected to hold a larger market share than SMEs. Also, the large enterprises segment is expected to grow at a faster rate during the forecast period. The intelligent network market for large enterprises is expected to witness significant growth due to array of features, including traffic monitoring, bandwidth monitoring, application monitoring, network security, and capacity planning, which is prevalent among the large enterprises. 

The intelligent network market in APAC is expected to witness strong growth during the forecast period, as many telecom operators and cloud service providers have started relying on AI-enabled solutions. Large-scale adoption of solutions among highly regulated verticals and growth potential across developing nations could be growth opportunities for the intelligent network market. Intelligent network solutions help improve overall network infrastructure of organizations with enhanced network efficiency.

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The traditional and emerging market players include Cisco Systems (US), Huawei Technologies (China), Ericsson (Sweden), Tech Mahindra Limited (India), Aruba Networks (US), Nokia Corporation (Finland), Juniper Networks (US), Colt Technology Services (UK), Netcracker Inc. (UK), Sandvine (Canada), Loom Systems (US), Aricent, Inc. (US), Ennetix, Inc (US), Aria Networks (UK), ExtraHop Networks (US), Entuity, Ltd (UK), APCON, Inc (US), Mist Systems (US), BluVector (US), Nitro Mobile Solutions, LLC (US), Netrolix LLC (US), Darktrace (UK), Flowmon Networks (Czech Republic), Balbix Inc (US), and BOCO Inter-Telecom Co. Ltd (China).These players have adopted various growth strategies, such as partnerships, collaborations, agreements, acquisitions, and new product launches, to achieve growth in the global Intelligent Network market.

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