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    Next Generation Network Market Report

    Next Generation Network Market Report
    Report code - SR2368 Delivery - 2 Weeks
    Next Generation Network Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Market Insights

    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.

    Want to know more about the market scope: 

    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.

    Market Dynamics

    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 demand for high-speed data is fueled by the growing usage of services and applications by both consumer electronics and businesses. The increasing number of smartphone users and larger data volume per subscription also drive the need for a high-speed network with ample bandwidth to handle heavy data traffic. Next-generation network technology provides the necessary bandwidth to support this increasing demand.

    The information and communication infrastructure's design is undergoing rapid transformation to meet the demands of the expanding ICT-based services and applications, as well as to keep pace with the development of next-gen networks and future advancements.

    The rapid advancements in technology and the deployment of next-generation networks are crucial for public network carriers as they provide an opportunity to stand out by offering value-added services at a competitive price. The convergence of applications, services, and networks is transforming the telecommunications sector. As a result, network carriers are upgrading their infrastructure to keep pace with market trends and accommodate the growing demand for advanced networks.

    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. However, the NGN infrastructure is still in its early stages and companies and government entities are actively investing in research and development efforts to advance the technology.

    Significant investments are required to upgrade existing networks to NGN. Installing NGN requires replacing or installing various components, including mobile infrastructure, access networks, gateways, switching, and routing elements, which contribute to a significant portion of infrastructure costs. This can pose a challenge for small service providers, who may struggle to make such large investments.

    Additionally, service providers are hesitant to deploy NGNs as they may reduce their main revenue source (voice), which causes reluctance to invest heavily in new technologies. However, NGNs offer the potential to offer new services and reduce costs, which makes them a source of interest for service providers.

    Segment Analysis

    End User Insights

    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 Insights

    The next-generation network market is segmented by application into internet video, IPTV & VOD, web data, file sharing, and gaming. The growing popularity of video-streaming services on TV and other entertainment devices is expected to drive a high demand for data in the internet video application.

    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.

    Key Players

    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

    Research Methodology

    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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    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 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.

    Frequently Asked Questions (FAQs)

    The market is expected to grow at a CAGR of 6.3% during 2023-2029.

    The market size is estimated to grow from USD 29.58 billion in 2022 to USD 45.42 billion by 2029.

    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.

    The Asia Pacific region led the global next-generation network market and held the largest market share, followed by North America.

    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 study period of the market is 2017-2029.