Intelligent Network Market 2021 Segmentation and Analysis by Recent Trends, Development, and Growth by Trending Regions by 2030

In a recent published report, Kenneth Research has updated the market report for Intelligent Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Intelligent Network Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

The Intelligent Network Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Synopsis of Intelligent Network Market

Market Scenario

Global intelligent network market with a CAGR of 25.27% in conjunction with a market value of USD 9.70 billion owing to the advent of new technology such as 5G and the Internet of Things (IoT). It is presumed that these technologies are a game-changer for the telecommunications industry. IoT supports handy network connectivity and streamlines network conjunction, resulting in reduced network downtime. This gives rise to increased data volume and traffic. Therefore, higher number of connected devices lead to the demand for seamless connectivity which can be delivered effortlessly by intelligent networks. Furthermore, the advent of new technology is expected to be one of the major factors fueling the growth of the intelligent network market over the forecast period.

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Intelligent network, also known as smart network, is an independent telecommunications network implemented to simplify the connectivity of networks in both, accessible and remote locations. It controls and develops services more efficiently by rapidly applying new capabilities into the network. Intelligent networks are intended for fixed and mobile telecom networks, as it results in better enhancement of the existing network to deliver improved customer experience. The intelligence in intelligent networks is catered to the network nodes which is taken from the switches and distributed throughout the network. Furthermore, it bridges the gap between network performance and business outcome, resulting in better performance and delivery of improved and reliable services.

Increasing internet penetration enables communication, connectivity, and sharing of knowledge, information and data which is one of the many factors fueling the growth of the intelligent network market in the forecast period. However, lack of technical expertise leads to minimum adoption of the network and is expected to hamper the growth of the intelligent network market over the assessment period.The global intelligent network market is expected to reach USD 9.70 billion growing at 25.27% CAGR over the forecast period 2018–2023.

Key Players

The prominent players in the intelligent network market are Cisco Systems (US), Ericsson (Sweden), Juniper Networks (US), Huawei Technologies (China), Nokia Corporation (Finland), Hewlett-Packard Company (US), Orange S.A. (France), Tech Mahindra Limited (India), Colt Technology Services (UK), Sandvine (Canada), and Netcracker Inc. (UK).

Loom Systems (US), Itential (US), and Aricent, Inc. (US) are among the other players in this market.

Segmentation

The intelligent network market is segmented on the basis of application, end-user, enterprise size, and region. These segments are further sub-segmented into the following:

By application, the intelligent network market is segmented into information cognition, traffic prediction and classification, resource management and network adoption, performance prediction, and configuration extrapolation.

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By end-user, this market is segmented into telecom service providers, cloud service providers, managed network service providers, and others.

By enterprise size, the market is segmented into small and medium-sized enterprise, and large enterprise.

By region, North America, Europe, Asia-Pacific, and the rest of the world are the global segments.

Regional Analysis

The regional analysis of intelligent network market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

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The advent of new technology is driving the growth of the intelligent network market in North America. The region is expected to dominate the market, owing to this, with the largest market share during the forecast period. The US and Canada are a few countries in the region, leading due to technical advancements and increasing adoption of cloud-based services. Leading providers of intelligent networks such as Cisco Systems, Juniper Networks, Aruba Networks, Netcracker Inc., and others in the US are enhancing advanced technological architecture and providing network security. Asia-Pacific is expected to be the fastest growing region in the market, due to the growing adoption of IoT and the shift of small and medium-sized enterprise and large enterprise to the cloud. China, Japan, and India are leading countries in the region, due to their vast customer base. Europe is expected to show a high growth rate during the forecast period owing to the growing investments of tech leaders such as Microsoft, Intel, IBM, and others in the European IT market.

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