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With each new generation, the complexity of network management increases as a result of a higher number of users, a more complicated infrastructure, and the lack of spectrum. In order to cope with this problem, 5G/6G networks must possess intelligent self-organizing capabilities to automate the key processes involved in network operation. The Intelligent Network (IN) is the standard network architecture specified in the ITU-T Q.1200 series recommendations. It is intended for fixed as well as mobile telecom networks.
Intelligent Network Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)
The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Intelligent Network Market on the basis of stating current situation of the industry in 2021.
This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information pertaining to the current and future growth of the market.
The Intelligent Network Market is expected to register a CAGR of 22% during the forecast period (2021 – 2026).
The most important factors that are driving the growth of the market are considered as the emergence of advanced technologies, such as the IoT, 5G, and cloud. The rapidly increasing complexity of the networks, the huge incremental growth in terms of data generation, and volatile changes in the data traffic patterns are all driving the market.
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– Enterprise networks are increasingly going under pressure with more and more users, applications, and devices than ever before primarily relying on the network for seamless connectivity to a wide range of consumer products.
– Moreover, organizations today are increasingly interested in advanced management tools and new network architectures that can primarily leverage technologies like machine learning and artificial intelligence in order to create a self-driving or autonomous network. These advancements are also changing the way enterprises rely on the services from their partners and vendors.
– According to Cisco Systems, the growth of data and devices is increasing the network burden, and 95% of network changes are performed manually, which results in operational costs being 2 to 3 times higher than the value of the network. This trend is expected to drive the intelligent network market during the forecast period.
– The intelligent networks primarily represent the rapidly evolving public network architecture in order to create a flexible and uniform provision of the future telecommunication services, specifically the value-added services that will be offered.
– As millions of people have been in isolation owing to the coronavirus pandemic, the seamless internet connectivity has been very crucial that has allowed people working from their homes without the need to go into the workplace. The Covid-19 epidemic is a great, but not an invincible challenge for the industry. The industry is already witnessing growth as operators are moving forward with their 5G rollout plans.
Competitive Landscape
The Intelligent Network Market is highly competitive owing to the presence of several players in the market operating in domestic as well as in the international markets. The market appears to be moderately fragmented with the key players adopting strategies like product innovation, mergers, and acquisitions, and strategic partnerships in order to widen their product portfolio and increase their customer base, while staying competitive in the market. Some of the major players in the market are Cisco Systems, Inc, Huawei Technologies, Nokia Corporation among others.
– Nov 2019 – Mist Systems, a Juniper Networks company, announced its AI-driven intelligent network for enterprises. The self-driving networks will be working with the company’s AI engine and microservices cloud to strategize IT operations. This is expected to optimize the network experience for users and improve the troubleshooting for wired/wireless domains.
– Oct 2019 – Netcracker announced that it has been chosen by Deutsche Telekom, Germany for its network and service automation initiative. By digitalizing the complex functions, DT will aim to gain an end to end network insight, automate complex service provisioning processes, and significantly reduce cost and effort. The future plans for this program includes the addition of intelligent network planning and simulation as well as enhancement of service assurance with AI.
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Key Market Trends:
Telecom Service Provider to Witness Significant Growth
– The emergence of 5G networks is expected to revolutionize the domain of various broadband services and is expected to empower connectivity across multiple end-user verticals. The primary drivers responsible for the growth of the market are the increase in mobile subscriptions, enterprise usage, online streaming of video content, strengthening 5G infrastructure, and various IoT applications utilizing 5G.
– 5G technology is also expected to unleash a massive IoT ecosystem that would allow networks to serve billions of connected devices. For Instance, according to Ericsson’s Mobility Report of June 2019, More than 10 million 5G mobile subscriptions are anticipated globally by the end of 2019. This is indicative of the fact that the market is poised to grow throughout the forecast period.
– Moreover, in Feb 2020, EXFO Inc., which is one of the prominent vendors in the communications industry’s test, monitoring, and analytics domain, launched Nova Adaptive Service Assurance (Nova A|SA), which is the first intelligent automation platform that will enable the mobile network operators to deliver ultra-reliable, high-quality service experience in a 5G world.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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