Next-Generation Network Market By Covid-19 Impact Outlook to 2028
Posted by khape dipali on May 21st, 2021
Next Generation is the succeeding generation that is expected to surpass the present-day techniques and technologies. A next generation network is a packet-based network that uses multiple broadband to provide Telecommunication Services including voice and data services to users. Being a body of vital architectural changes in telecommunication core, it has a capability to handle several types of traffic such as video, data, voice, and multimedia simultaneously. As a result, the new market or next generation network has emerged.
The next-generation network market is expected to grow at a CAGR of 7.8% from USD 25.8 billion in 2020 to USD 41.2 billion by 2027. The key drivers for this market are the growth in public-private partnerships for development of NGN, low operational cost and ever-increasing demand for high-speed services. Also, Demand for, high-speed data transfer, faster connectivity and high responsive network is growing tremendously, leading to the growth for the next-generation network market.
To make NGN work, certain components, such as access networks, gateways, switching, mobile infrastructure, and routing elements, need to be installed, which accounts for the lot of the infrastructure spending, which a small service provider cannot afford. The restraining factor which is restricting the growth for this market is High Infrastructure growth. Still, NGN infrastructure is at its infant stage, many government bodies and companies with huge capital budget is continuously working on its R & D activities to upgrade the technology.
The global next-generation market is segmented on the basis of Offering, Application, End-User and Region. On the basis of offering, the market is further bifurcated into Hardware, Software and Services. On the basis of Application, the market is segmented into IPTV & VOD, internet video, file sharing and web data, and gaming. In terms of End-User, the market is segmented on the basis of Internet service provider, Telecom service provider, Government.
Players operating in the NGN market include Cisco (US), Huawei (China), ZTE (China), Ericsson (Sweden), Nokia (Finland), Juniper Network (US), NEC Corporation (Japan), Samsung Electronics (South Korea), IBM (US), Ciena Corporation (US), Hewlett Packard Enterprise (US), AT&T (US), ADTRAN (US). These companies are continuously interacting with each other and are forming Public-Private Partnerships and with huge amount of capital amongst them are continuously investing on R & D department.
NGN Market is led by APAC region due to its large number of subscribers for mobile connectivity and its ever-increasing demand. It is followed by North America region and Europe. Latin America is expected to gain substantial market share in the NGN market for the upcoming years.
Analyst Commentary
NGN provides a single connectivity network which is capable of carrying information for a video conference, web session, phone call, and video from source to destination. Additionally, these solutions provide VAS such as communication services including real time and non-real time, content and transaction services. It also provides broadband capabilities with throughout quality service. It is very useful in Telecom industry due to its low communication cost and flexible architecture.NGN provides various features to support voice communication and data services.
The next-generation network market is expected to grow at a CAGR of 7% from USD 21.86 billion in 2020 to USD 32.81 billion by 2023.By the way of interoperability provided by NGN, it ensures seamless control of various transport technologies such as time division multiplexing (TDM), asynchronous transfer mode (ATM), frame relay (FR), and wavelength division multiplexing (WDM) among others. To make NGN work, certain components, such as access networks, gateways, switching, mobile infrastructure, and routing elements, need to be installed, which accounts for the lot of the infrastructure spending, which a small service provider cannot afford. The restraining factor which is restricting the growth for this market is High Infrastructure growth.
Demand for, high-speed data transfer, faster connectivity and high responsive network is growing tremendously, leading to the growth for the next-generation network market. Also, leading players indulging in Public-Private Partnerships are continuously growing this market.
Get PDF Sample copy : https://www.envisageresearch.com/sample/EMR100602/
Segmentation
The global next-generation market is segmented on the basis of Offering, Application, End-User and Region. On the basis of offering, the market is further bifurcated into Hardware, Software and Services. As Software makes the network flexible and responsive for the purpose of scaling up, it permits the network service providers to make changes rapidly in their network through a centralized control system as per the rate at which data traffic increases or decreases, which makes the software market held the largest market share among the segment and is expected to increase at the highest CAGR in the projected period.
On the basis of Application, the market is segmented into IPTV & VOD, internet video, file sharing and web data, and gaming. Emerging video-streaming services on entertainment devices such as TV and OTT platforms are forecasted to drive data consumption in bulk in the internet video application.
In terms of End-User, the market is segmented on the basis of Internet service provider, Telecom service provider, Government. In the end-user segment, Internet service provider market due to increase in demand for digitalization and high-speed data services, is expected to grow at a healthy CAGR in the forecasted period.
Regional Analysis
Asia-Pacific region held the largest Market share for the Next-Generation Network Market. This is due to Countries in Asia-Pacific region which are undertaking aggressive steps to switch to the advanced NGN from the traditional one, which is making it grow at the highest rate among the others and is expected to do same in the projected period. Technology driven countries like Japan and China in APAC working on the advanced technology like Machine to Machine Communication and Internet of Things is the major reason for APAC growth, along with some emerging talent from the developing countries like India. The APAC market has among the largest subscribers for mobile data high speed connectivity and its continuous demand is making the market grow at a rapid speed.
APAC is then followed by North America Region due to its advanced technology and budget to spend on R & D department to continuously invest to find better technologies for NGN. It is than followed by Europe and Latin America market, Latin America is expected to gain substantial market share in the NGN market for the upcoming years.
About Us:
Envisage Market Research is the leading provider of custom and syndicated market research reports. Our team of expert analysts offers end-to-end consulting services, along with 80% of the Fortune 500+ companies in the recent past. We are focused to deliver market research report solutions to small and medium enterprises.
Envisage Market Research has steadily grown to become a trusted market research partner for clients across the globe. We are majorly focused to serve a wide range of industrial insights, including automotive & transportation, technology, consumer products, automation and equipment, food & beverages, services & utilities, chemicals & materials, energy, mining, and oil & gas.
Contact Us:
Envisage Market Research
Email: sales@envisageresearch.com
