PUBLISHER: The Business Research Company | PRODUCT CODE: 1465845
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465845
A Next-Generation Network (NGN) is a telecommunications network architecture that integrates advanced technologies and protocols to deliver enhanced performance, flexibility, and scalability compared to traditional networks. It is designed to support a variety of services, including voice, data, and multimedia communications, across a unified and converged network infrastructure.
The primary offerings of a Next-Generation Network are software, hardware, and services. Software encompasses a set of instructions, programs, or data used to operate computers and execute specific tasks. Various applications include internet, video, file sharing, web data, IPTV, video on demand, gaming, and others, catering to internet service providers, telecom service providers, governments, and other end-users.
The next-generation network market research report is one of a series of new reports from The Business Research Company that provides next-generation network market statistics, including next-generation network industry global market size, regional shares, competitors with next-generation network market share, detailed next-generation network market segments, market trends, and opportunities, and any further data you may need to thrive in the next-generation network industry. This next-generation network 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 market size has grown strongly in recent years. It will grow from $30.31 billion in 2023 to $33.12 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed during the historic period can be attributed to several factors, including increasing data consumption, demand for higher bandwidth, the emergence of smartphones and mobile devices, and regulatory changes.
The next-generation network market size is expected to see strong growth in the next few years. It will grow to $46.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to several factors, including the rollout and adoption of 5G, proliferation of the Internet of Things (IoT), integration of edge computing, virtualization, and software-defined networking (SDN), and the demand for low-latency applications. Major trends expected in the forecast period include increased network automation, growth of network slicing for customized services, expansion of private 5G networks, rise of network security as a service (SECaaS), and convergence of telecommunications and IT infrastructure.
The increasing adoption of 5G is poised to drive the expansion of the next-generation network market in the future. 5G, the fifth generation of mobile network technology, offers enhanced data speeds, reduced latency, increased capacity, and support for a wide array of applications and connected devices compared to previous generations. This adoption is fueled by growing demand for high-speed connectivity, the emergence of new technologies, and competitive dynamics among telecommunications companies and mobile network operators. The growing impact of 5G technology accelerates the development and deployment of next-generation networks to deliver advanced services, support emerging technologies, and foster innovation across various sectors. For example, according to 5G Americas, global 5G wireless connections experienced a notable surge, increasing by 76% from the end of 2021 to the end of 2022, reaching a total of 1.05 billion. Projections suggest this number is expected to further skyrocket, reaching an estimated 5.9 billion by the end of 2027. Hence, the increasing adoption of 5G is propelling the next-generation network market.
Key players in the next-generation network market are prioritizing the development of innovative products featuring advanced technologies, such as HPE Aruba Networking Central, to enhance their market competitiveness. HPE Aruba Networking Central plays a critical role in enabling next-generation networks to address the growing demands for speed, reliability, and scalability in today's digital landscape. For instance, in April 2023, Hewlett Packard Enterprise introduced HPE Aruba Networking Central, a cloud-native network management solution designed to streamline network operations and enhance productivity for enterprise IT teams. Leveraging artificial intelligence for IT operations (AIOps), the platform automates manual tasks, empowering networking teams to focus on strategic initiatives. It boasts an operator-centric design, time-travel capabilities for network recovery, multi-layer topology visualization, intelligent assurance indicators, and AI-driven insights for root cause analysis and recommendations.
In February 2022, Juniper Networks completed the acquisition of WiteSand to bolster its position in the next-generation network market, enrich its technology portfolio, and align with its strategic vision of delivering AI-driven solutions for network operations. WiteSand specializes in cloud-based networking solutions and is based in the US.
Major companies operating in the next-generation network market are Samsung Electronics Co. Ltd., Microsoft Corporation, AT&T Inc., Huawei Technologies Co. Ltd., IBM Corporation, Oracle Corporation, Cisco Systems Inc., Broadcom Inc., Infradata Group, NEC Corporation, Nokia Corporation, ZTE Corporation, Hewlett Packard Enterprise Development LP, Juniper Networks Inc., Ciena Corporation, Mavenir Systems Inc., Tata Communications Limited, AsiaInfo Technologies Limited, ADTRAN Inc., EXFO Inc., Ascom Holding AG, Extreme Networks, Inc., AVOTUS Corporation, TelcoBridges, TELES AG, KPN International B.V.
Asia-Pacific was the largest region in the next-generation network market in 2023. The regions covered in the next-generation network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the next-generation network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The next-generation network market includes revenues earned by entities by providing services such as voice over internet protocol, high-speed internet access, video streaming and on-demand services, cloud-based services, unified communications, IoT connectivity, managed network services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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 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 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 ? 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 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.