PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100681
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100681
The global intelligent network market was valued at USD 5,007.1 million in 2021, expanding at a CAGR of 27.1% during the forecast period.
An intelligent network (IN), sometimes known as a smart network, provides technological capabilities or services that help to ease network connectivity in remote places. Intelligent networks aid in the elimination of middlemen between network operators and business outcomes. This unique capability of intelligent networks assists in increasing performance and delivering better and more dependable services.
The intelligent network market is increasing at a reasonable rate in the total network industry. This expansion is largely driven by the telecommunications industry's increasing deployment of network equipment based on a cloud computing platform. According to several reports, the number of network devices in Huawei Technologies Co., Ltd's cloud data centers is expanding by 50% per year. As a consequence, the firm deployed more than 20,000 network devices in over ten data centers internationally in 2018. The growing use of new technologies such as AI, IoT, and cloud aids in increasing network density. During the projected period, this growth in network density is expected to enhance the intelligent network market. Furthermore, the worldwide intelligent network market is expected to be driven by increased usage of big data solutions, massive data volumes, and network-centered applications. Cloud solution providers are working on growing the number of data centers internationally in order to cut operating time and cost. This would contribute to a rise in demand for big integrated intelligent network infrastructure. In 2014, Huawei Technologies Co., Ltd.'s IT division, for example, had 40,000 network data center units. However, by the end of 2019, this figure had risen to about 10 million.
As millions of individuals have been isolated due to the coronavirus epidemic, continuous internet access has been critical, allowing people to work from home without having to leave their homes. The COVID-19 outbreak is a significant, but not insurmountable, problem for the business. As operators move forward with their 5G deployment plans, the sector is already growing.
The intelligent network market is segmented on the basis of application, end-user, and region.
The market is divided into five applications: information cognition, traffic prediction and classification, resource management and network adoption, performance prediction, and configuration extrapolation. During the projected period, information cognition is likely to have a bigger market share due to a rising requirement for information cognition focused on data accumulation of networking activities such as network characteristics, trace route, traffic matrix, and other similar data capabilities.
The market is divided into Managed Network Service Providers, Telecom Service Providers, Cloud Service Providers, and others based on end users. During the forecast period, the cloud service providers sector is predicted to develop at the quickest rate. Cloud service providers are increasing the number of data centers across the world to reduce latency, which raises the demand for enormous integrated network infrastructure. As a result, the network becomes sophisticated in order to transmit business applications and other material at fast speeds.
The Intelligent Network Industry is extremely competitive due to the presence of various market participants operating in both local and international markets. The market looks to be somewhat fragmented, with important companies employing methods such as product innovation, mergers and acquisitions, and strategic alliances to broaden their product range and grow their client base while remaining competitive.
For instance, Mist Systems, a Juniper Networks business, revealed an AI-driven intelligent network for enterprises in November 2019. To plan IT operations, the self-driving networks will collaborate with the company's AI engine and microservices cloud. This is anticipated to improve user network experience and troubleshooting for wired/wireless domains.
The scope of this report covers the market by its major segments, which include as follows: