Intelligent Network Market Continues to grow, with $34.1 Billion Valuation and 22.6% CAGR
According to a new report published by Allied Market Research, titled, “Intelligent Network Market, by Application (Information Cognition, Traffic Prediction and Classification, Resource Management and Network Adoption, Performance Prediction and Configuration Extrapolation), by Enterprise Size (Large Enterprise, Small and Medium Enterprise), by End User (Telecom Service Providers, Cloud Service Providers, Managed Network Service Providers, Others): Global Opportunity Analysis and Industry Forecast, 2021–2031”
The intelligent network market size was valued at $4.6 billion in 2021, and is estimated to reach $34.1 billion by 2031, growing at a CAGR of 22.6% from 2022 to 2031.
Intelligent network is a concept in telecommunications that refers to a network architecture that enables the creation and management of advanced telecommunication services. Intelligent network solution provides a framework for building and delivering new services and applications to customers dynamically and in real-time, by separating the service logic from the underlying network resources. Moreover, this architecture allows service providers to offer new services and features quickly, and to manage and maintain the network more efficiently. In addition, it provides a centralized control and management structure that can help to ensure consistent quality of service across the network. It also provides customers with more advanced and personalized services, allowing them to access the information and services they need more easily and efficiently. Furthermore, intelligent network offers a flexible, scalable, and cost-effective way for service providers to meet the evolving needs of their customers and to stay competitive in a rapidly changing telecommunications market.
User demands for wider global coverage, higher data transfer speeds and wide availability of new and developing internet services and applications have become inevitable. In addition, advancements of current 5G technologies in line with 6G principles to meet customer’s aspirations are boosting the market growth. Hence, these technological advancements lead to increased demand for intelligent networks, which in turn drives revenue growth of the market. In addition, increasing demand for additional services by consumers is expected to drive the growth of the intelligent network market during the forecast period. The advent of advanced technologies like 5G, cloud, IoT, increase in data volume and increasing network complexity will also accelerate the growth of the industry. Other factors driving the market growth are the increasing rate of adoption of these technologies in advanced industry verticals and expansion of projects to develop intelligent networks. However, lack of budget for SMEs and minimal awareness about intelligent networks among consumers is expected to hinder the growth of the market in the coming years.
Furthermore, major market players are undertaking various strategies to increase the competition and offer enhanced services to their customers. For instance, In January 2023, Tech Mahindra, a leading provider of digital transformation, and Microsoft, have announced a strategic collaboration to enable cloud-powered 5G core network modernization for telecom operators globally. The 5G core network transformation will help telecom operators to develop 5G core use cases and meet their customers’ growing technological (Augmented Reality (AR), Virtual Reality (VR), IoT (Internet of Things), and edge computing) requirements.
Based on application, the information cognition segment attained the highest growth in the intelligent network industry in 2021 as intelligent networks use cognitive computing technology for seamless wide-area coverage, high-capacity hotspots, low-power mass connections, low latency, high reliability, and other scenarios. However, traffic prediction and classification segment registered the highest growth rate in the intelligent network industry during the forecast period.
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Based on region, North America accounted for the highest growth in 2021. This is attributed due to the presence of industry players with best-in-class network technologies and services to offer. Moreover, the rise in 5G networks and IoT devices across the region is boosting market growth. However, Asia-Pacific is expected to register the highest growth rate during the forecast period due to rapid advancements in telecommunication technologies and the presence of a number of SMEs in the region.
COVID-19 had a positive impact on the intelligent network market. Owing to increased demand for reliable and secure communication networks as people relied more on remote work and online communication. This has led to an increased adoption of digital technologies such as AI, machine learning and IoT for more intelligent network management, self-optimization, and improved network performance. Moreover, the pandemic has accelerated the shift towards 5G networks, which offer high-speed and low-latency connectivity. In addition, the pandemic has accelerated the digital transformation of businesses, leading to increased investment in intelligent network solutions. Furthermore, the pandemic has highlighted the need for more efficient and cost-effective solutions in the intelligent network industry, leading to increased adoption of automation and IoT-based services. Therefore, COVID-19 had a positive impact on the intelligent network market, as businesses and individuals have had to adapt to new ways of working and communicating, leading to increased demand for reliable and secure network solutions.
Key findings of the study
By application, the information cognition segment led the intelligent network market share in 2021.
By enterprise size, the small and medium enterprises segment accounted for the highest growth rate in the intelligent network market forecast.
By end user, the telecom service providers segment accounted for the highest share in intelligent network market analysis in 2021.
The report analyzes the profiles of key players operating in the intelligent network market such as Aruba Networks, Cisco Systems, Inc., Colt Technology Services Group Limited, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Netcracker, Nokia Corporation, Orange, Tech Mahindra Limited and Telefonaktiebolaget LM Ericsson. se players have adopted various strategies to increase their market penetration and strengthen their position in the intelligent network market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
