Next Generation Network Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2029
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Next Generation Network Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2029
Next Generation Network MarketbyOffering Type (Hardware, Software, Services),Application Type (Internet Video, IPTV & Video on Demand, File Sharing, Gaming, and Web Data), End User Type (Telecom Service Provider, Internet Service Provider, Government), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Saudi Arabia, Brazil, and Others]).
Next Generation Network Market by Offering Type (Hardware, Software, Services), Application Type (Internet Video, IPTV & Video on Demand, File Sharing, Gaming, and Web Data), End User Type...
"The global next generation network market is expected to grow from USD 29.58 billion in 2022 to USD 45.42 billion by 2029 at a CAGR of 6.3% during the forecast period."
The "next-generation network" (NGN) is a term that refers to an evolving telecommunications infrastructure that provides advanced services and capabilities beyond those of the traditional public switched telephone network (PSTN). NGNs are designed to support a range of services, including voice, video, and data communication, over a single, converged IP-based network. They aim to provide better scalability, reliability, security, and interconnectivity compared to previous generations of networks. NGNs typically support broadband and multimedia services, and they can be integrated with other networks, such as Wi-Fi and cellular, to offer seamless and efficient communication services.
The market's growth can be attributed to a rise in public-private partnerships for next-generation network developments, high demand for fast services, and cost-effectiveness. There is a growing need for better connectivity, fast data transfer, and highly responsive networks, which are met by next-generation infrastructure. The advancement of cellular networks has allowed for faster data rates with low latency.
The information and communication infrastructure's design is undergoing rapid transformation to meet the demands of expanding ICT-based services and applications, as well as to keep pace with the development of next-gen networks and future advancements.
The annual corporate demand for bandwidth is growing by over 50%, and international internet, public, and voice networks are doubling in capacity as international bandwidth prices continue to drop. The increased demand for bandwidth, along with the need for digital workplaces with flexible working, cloud, and unified communications and collaboration, creates a significant demand for new technologies.
The next-generation network is a versatile system that can transmit information for various activities such as phone calls, web sessions, and video conferences from the source to the destination. It offers value-added services, including real-time and non-real-time transaction and content services, as well as broadband capabilities with end-to-end quality of service.
Its flexible architecture and cost-effectiveness make it an attractive option for telecom operators. With the imminent rollout of 5G networks, smartphone manufacturers and telecom companies are rapidly adapting to the shift. Telecom service providers worldwide are enhancing their offerings and services to establish a strong presence in the next-generation network market.
The high cost of infrastructure is hindering the growth of the next-generation network market. The NGN infrastructure is poised to revolutionize current communication methods and boasts advanced features compared to previous generations.
Segment Analysis
End User Trends
The NGN market is segmented based on end-users into telecom service providers, internet service providers, and government. The NGN market for internet service providers is projected to grow at the highest CAGR from 2022 to 2029, due to the growing demand for high-speed data services and digitalization.
Application Trends
The next-generation network market is segmented by application into internet video, IPTV & VOD, web data, filesharing, and gaming. The growing popularity of video-streaming services on TV and other entertainment devices is expected to drive high demand for data in internet video applications.
Regional Insights
The Asia Pacific region led the global next-generation network market and held the largest market share, followed by North America. The NGN market in Asia Pacific is expected to experience rapid growth during the forecast period due to aggressive initiatives to transform traditional network infrastructure to advanced NGN. This market is also expected to grow at the highest rate in Asia Pacific.
The NGN will play a crucial role in advanced technologies such as IoT and M2M communication, as well as in sectors like smart cities and industrial automation. This presents a significant opportunity for next-generation network connectivity and related infrastructure to provide faster communication and simultaneous connections among various devices.
The major players operating in the global next generation network market are:
Ericsson
Cisco
Nokia
Huawei
ZTE
Samsung Electronics
Juniper Network
NEC Corporation
IBM
Ciena Corporation
At&T
Hewlett Packard Enterprise
Adtran
Teles
Infradata
KPN International
Portaone
Extreme Networks
Telcobridges
Commverge Solutions
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Next Generation Network Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s next generation network market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 8 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com
Recent Developments
In October 2022, Nokia entered into technology partnership with ESnet and unveiled ESnet6, the US Department of Energy’s (DOE) high performance network for collaborative scientific research. ESnet deployed Nokia’s market-leading 7750 Service Router (SR) platforms to deliver high-speed 100Gbps and 400 Gbps services over an IP/MPLS network designed to support over 46 Tbps of capacity.
In October 2022, Samsung Electronics announced that it successfully supported NTT East’s private 5G network expansion through its network solutions that includes the cloud-native 5G Macro Core and Radio Access Network (RAN). This unlocked new and diversified use cases for businesses across various industries in Japan.
In August 2022, SkyMax Network Limited, a multinational wireless communications engineering company, and Ericsson signed a Memorandum of Understanding (MoU) to create a partnership with the objective of building a next generation 5G broadband network, including a digital services delivery platform, across Sub-Saharan Africa (SSA).
In May 2022, VNPT Group cooperated with Cisco to build next generation connectivity solutions for businesses in Vietnam.
In February 2022, Juniper Networks acquired WiteSand, a pioneer of cloud-based zero trust Network Access Control (NAC) solutions. This deal accelerates the company’s ongoing efforts to provide a next-generation NAC solution as a key element of their widely used AI-driven enterprise portfolio.
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The market's growth can be attributed to a rise in public-private partnerships for next-generation network developments, high demand for fast services, and cost-effectiveness. There is a growing need for better connectivity, fast data transfer, and highly responsive networks, which are met by next-generation infrastructure.