PUBLISHER: The Business Research Company | PRODUCT CODE: 1465844
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465844
Next-generation network equipment refers to advanced equipment designed to enhance network infrastructure and support modern communication networks. This equipment is essential for building and maintaining modern communication networks, accommodating the growing demands of digital transformation, IoT (Internet of Things), 5G, edge computing, and other emerging technologies and applications.
The primary types of next-generation network equipment include high-fiber copper cables, broadband wireless, and broadband devices over power lines. High-fiber copper cables are designed with high-quality copper conductors to transmit data signals over long distances with minimal loss, ensuring reliable and high-speed communication connections. These cables find various applications such as file sharing, internet video, IPTV (internet protocol television) and video on demand, gaming, and web data, catering to internet service providers, telecom service providers, governments, and other end-users.
The next generation network equipment market research report is one of a series of new reports from The Business Research Company that provides next generation network equipment market statistics, including next generation network equipment industry global market size, regional shares, competitors with next generation network equipment market share, detailed next generation network equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the next generation network equipment industry. This next generation network equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The next generation network equipment market size has grown strongly in recent years. It will grow from $32.72 billion in 2023 to $35.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed during the historic period can be attributed to several factors, including increasing demand for high-speed connectivity, proliferation of connected devices, evolving communication standards, growing data traffic, and the need for improved network security.
The next generation network equipment market size is expected to see strong growth in the next few years. It will grow to $48.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be attributed to several factors, including the deployment of 5G networks, the rise of virtualization and software-defined networking (SDN), the demand for low-latency applications, increasing focus on network automation, and the demand for scalable and flexible network infrastructure. Major trends expected in the forecast period include the proliferation of edge computing, adoption of open RANs (Radio Access Networks), growth of Multi-Access Edge Computing (MEC), emergence of Network-as-a-Service (NaaS) models, and the utilization of artificial intelligence for network management.
The increasing demand for high-capacity internet protocol (IP)-based networks is poised to drive the expansion of the next-generation network equipment market in the foreseeable future. High-capacity internet protocol (IP)-based networks denote advanced communication infrastructures with enhanced bandwidth and data-carrying capacity, enabling efficient handling of large volumes of digital information. Next-generation network equipment plays a pivotal role in meeting this growing demand by offering advanced infrastructure and technologies to effectively manage escalating data traffic and support emerging applications and services. For instance, as per the World Development Report 2021 by the World Bank Group, the yearly total internet traffic is expected to surge by approximately 50% from 2020 levels, reaching 4.8 zettabytes by 2022, equivalent to 150,000 GB per second. Hence, the increasing need for high-capacity internet protocol (IP)-based networks is propelling the growth of the next-generation network equipment market.
Key players in the next-generation network equipment market are intensifying their efforts to develop innovative solutions, such as Amdocs Network Inventory, to gain a competitive advantage. Amdocs Network Inventory is an advanced cloud-agnostic network inventory solution, offering a comprehensive software platform capable of managing and tracking network resources across various cloud environments without being tied to any specific cloud provider. For example, in June 2023, Amdocs, a US-based software and services provider, unveiled the Amdocs Network Inventory platform, featuring AI-driven automation, cloud-agnostic support, and end-to-end visibility. This platform enhances network operations and facilitates faster time-to-market, signifying a technological shift towards intelligent and automated network management solutions. Such solutions empower service providers to navigate complex network operations, meet evolving demands, and maintain competitiveness in the next-generation network equipment market.
In November 2022, Ciena Corporation, a US-based networking systems and software company, completed the acquisition of Tibit Communications Inc. for an undisclosed sum. This strategic acquisition enhances Ciena's broadband access solutions with complementary PON technologies, strengthening its competitiveness and product portfolio in the next-generation network equipment market. Furthermore, this aligns with industry trends towards faster and more integrated network infrastructure. Tibit Communications Inc., based in the US, specializes in developing pluggable devices for virtualizing access networks.
Major companies operating in the next generation network equipment market are Samsung Electronics, Verizon Communications Inc., AT&T Inc., Huawei Investments and Holding Co. Ltd., IBM Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Hewlett Packard Enterprise, Fujitsu, Tata Consultancy Services Limited, Ericsson, Alcatel-Lucent S.A. (Nokia), NEC Corporation, ZTE Corporation, Telstra Corporation Ltd., VMware Inc., Wipro Limited, Tech Mahindra Limited, Juniper Networks Inc., Amdocs, Ciena Corporation, Citrix Systems Inc., F5 Networks Inc., ADTRAN, WebNMS (Zoho Corporation), Elitecore Technologies Pvt. Ltd. (Sterlite Technologies Limited), Macquarie Telecom Group Ltd., TELES AG, Mycom OSI
North America was the largest region in the next generation network equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next generation network equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the next generation network equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The next generation network equipment market consists of sales of routers, switches, gateways, access points, network management software, and security appliances. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Next Generation Network Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on next generation network equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for next generation network equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The next generation network equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.