Intelligent Network Market Share, Trends, Top Players, Demands and Overview
Posted by Ehtesham Peerzade on January 29th, 2020
Intelligent Network, also known as smart network, is a gamechanger in many aspects. This is a method to simplify connectivity of networks in both accessible and remote regions. This works well for both fixed and mobile telecoms and improves customer experience. The global intelligent network market can expect a growth by 25.27% CAGR during the forecast period (2018-2023) and exceed the predicted valuation of USD 9.7 billion.
Itential, a provider of intelligent network automation released a low-code modern network automation system named Itential 6.0. This solution possesses the capabilities of supporting data models with DevOps tools and controllers. This solution is expected to witness digital transformation in the current era of network innovation.
Market Research Future (MRFR) claims the latest inclusion of 5G technology and IoTs across verticals can give rise to the demand for intelligent network. The ability to simplify network and reduce network downtime has gained accolades from several corners and can impact the intelligent network market growth in the coming years. Its ability to bridge network performance and business outcome has increased its reliability and eases the process of further proliferation of the intelligent network market. This is also going to benefit from rising internet usage.
MRFR in their latest report on the intelligent network market share included application, end-user, enterprise size, as segmentations of importance for a better understanding of the foundation on which the market is prospering.
Based on the application, the intelligent network market includes performance prediction, information cognition, resource management & network adoption, traffic prediction & classification, and configuration extrapolation. The traffic prediction & classification segment is gaining grounds owing to the increasing demand for smooth workflow during the forecast period.
Based on the end-user, this intelligent network market comprises telecom service providers, managed network service providers, cloud service providers, and others. The cloud-service providers are getting much acknowledgement owing to their high inclusion rate in several companies. Cloud-service is cost-effective that is why companies are paying special heed to the segment.
By enterprise size, the intelligent network market includes small and medium-sized enterprise (SME), and large enterprise. Large enterprises have this mode integrated mostly. SMEs are catching up gradually.
The regional analysis of intelligent network market is considered for North America, Europe, Asia-Pacific, and the rest of the world.
Technological advancements and increasing adoption of cloud-based services in North American countries such as the US, Canada, and Mexico is expected to dominate the intelligent network market over the forecast period. Leading providers of intelligent networks such as Cisco Systems, Juniper Networks, Aruba Networks, Netcracker Inc., and others are enhancing the technological architecture and providing network security to the enterprises in the US and other North American countries. Growing adoption of IoT in Asia-Pacific is expected to enhance the businesses and enable the shift of small and medium-sized enterprise and large enterprise to cloud. China, Japan, and India have a vast customer base which is contributing to the growth of Asia-Pacific in the intelligent network market.
Several companies are benefiting from the global intelligent network market by implementing impactful strategies that include mergers, acquisitions, product launch, innovation, and other methods. These companies are Ericsson (Sweden), Cisco Systems (US), Huawei Technologies (China), Juniper Networks (US), Hewlett-Packard Company (US), Nokia Corporation (Finland), Tech Mahindra Limited (India), Orange S.A. (France), Sandvine (Canada), and Netcracker Inc. (UK), Colt Technology Services (UK), Itential (US), Loom Systems (US), and Aricent, Inc. (US). MRFR analyzed these companies and profiled them to understand the recent trends.
In June 2019, Apple has recently launched a new version of HomeKit systems that integrates Secure Video API which will enable Apple HomePod to receive video data. This is bound to increase the security system. The analyzed video can be then stored on iCloud. This is expected to hike Apple’s smart home system significantly.
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About the AuthorEhtesham Peerzade
Joined: May 22nd, 2019
Articles Posted: 355
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