Market Size of Intelligent Network Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 22.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Intelligent Network Market Analysis
The Intelligent Network Market is expected to register a CAGR of 22% during the forecast period (2021 - 2026). The most important factors that are driving the growth of the market are considered as the emergence of advanced technologies, such as the IoT, 5G, and cloud. The rapidly increasing complexity of the networks, the huge incremental growth in terms of data generation, and volatile changes in the data traffic patterns are all driving the market.
- Enterprise networks are increasingly going under pressure with more and more users, applications, and devices than ever before primarily relying on the network for seamless connectivity to a wide range of consumer products.
- Moreover, organizations today are increasingly interested in advanced management tools and new network architectures that can primarily leverage technologies like machine learning and artificial intelligence in order to create a self-driving or autonomous network. These advancements are also changing the way enterprises rely on the services from their partners and vendors.
- According to Cisco Systems, the growth of data and devices is increasing the network burden, and 95% of network changes are performed manually, which results in operational costs being 2 to 3 times higher than the value of the network. This trend is expected to drive the intelligent network market during the forecast period.
- The intelligent networks primarily represent the rapidly evolving public network architecture in order to create a flexible and uniform provision of the future telecommunication services, specifically the value-added services that will be offered.
- As millions of people have been in isolation owing to the coronavirus pandemic, the seamless internet connectivity has been very crucial that has allowed people working from their homes without the need to go into the workplace. The Covid-19 epidemic is a great, but not an invincible challenge for the industry. The industry is already witnessing growth as operators are moving forward with their 5G rollout plans.
