Dublin, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The "Global Intelligent Network Market (2021-2027) by Applcation, End-user, Organization Size, and Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Intelligent Network Market is estimated to be USD 5.95 Bn in 2021 and is expected to reach USD 17.99 Bn by 2027, growing at a CAGR of 20.25%.
Key factors such as changing network traffic patterns and adaption of intelligent technology worldwide has been a prominent driver for the intelligent network market growth.
Also, digital transformation across several industry verticals has led to a demand for the intelligent networks. The increasing penetration of internet enables communication, connectivity, and sharing of data which is one of the factors fueling the growth of the market during the forecast period.
Conversely, the lack of skilled force required to handle the technical issues and AI-based networking is likely to hinder the market growth.
The lack of required budget among SMEs and the low rate of awareness among the end users and network administrators is posing a challenge for the market growth.
Segments Covered
By Application, the Information Cognition is expected to hold a largest market share. The segmental growth is due to an increasing need for information cognition for data accumulation of complex networking operations which include network characteristics, trace route, traffic matrix and other such functionalities. Also, information cognition meet the various requirements of seamless wide-area coverage, high-capacity hot-spot, low-power massive-connections, low latency, high-reliability, and other scenarios. This has led to highest growth of the segment.
By End-user, the Cloud Service Providers is estimated to hold the highest market share. The cloud service providers increase the number of data centers globally to decrease the latency, covers wide area which increases the demand for massive integrated network infrastructure among different industry verticals. Therefore, the network becomes complex for delivering business data and other content at high speed rates.
By Organization Size, Large Enterprises are increasingly using intelligent networking infrastructure because of increasing need to an array of features, including traffic monitoring, bandwidth monitoring, application monitoring, network security, and capacity planning. Also, the capacity of large enterprises to invest in intelligent networking is contributing to the segmental growth.
By Geography, North America is projected to lead the market. The factors attributed to the growth of the market are the rising adoption of intelligent networking solutions in this region, advanced and innovative technologies, such as deep learning, analytics, and virtualization of network. Asia Pacific region is also expected to witness a high CAGR during the forecast period. The telecom operators and cloud service providers in this region have started relying on AI-enabled solutions.
Market Dynamics
Drivers
- Advent of New Technologies, such as 5G, IoT, and Cloud Increases the Complexity of Networks
- Growth in Data Volume and Changes in Traffic Patterns
Restraints
- Lack of Skills and Expertise in AI-Based Networking
- The Difficult Configuration of The Intelligent Network
Opportunities
- The High Adoption of The IoT and Big Data
- Large-Scale Adoption of Solutions Among Highly Regulated Verticals
- Growth Potential Across Developing Nations
Challenges
- Lack of Budget Among SMEs
- Lack of Awareness Among Network Administrators and End-User Enterprises
Company Profiles
- Cisco Systems
- Huawei Technologies
- Nokia
- Juniper Networks
- Ericsson
- Tech Mahindra
- Aruba
- Colt Technology Services
- Sandvine
- Loom Systems
- Altran Technologies
- Ennetix Corporation
- Aria Networks
- Extrahop Networks
- Entuity
- Mist Systems
- Bluvector
- Nitro Mobile Solutions
- Darktrace
- Netrolix
- Flowmon Networks
- Balbix
- Boco Systems
- Netcracker Technology
For more information about this report visit https://www.researchandmarkets.com/r/kitkwn
