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.
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.
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MRFR in their latest report on the intelligent network market 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.
North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW) are four major regions that have been integrated in the region-specific analysis of the global intelligent network market. The report published by MRFR has special emphasis on the areas that can be cultivated for better prospects in the coming years.
North America’s growth can be attributed to latest technologies, fast integration of technologies, high investment, and others. The region is benefiting much from the presence of the U.S. who has all the modes to take the market forward considerably. The region is also including cloud-services as one of the most integral parts of their industries which is further getting strengthened by the technical expertise of countries like the U.K. and Canada.
The APAC region is expected to show the fastest growth rate during the forecast period. Several developing economies have given rise to the presence of SMEs which is providing the market substantial thrust. On the other hand, market titans of different industries can be seen taking facilities of the region for the cost-effective labor and easy access to resources. Such things have spurred new set ups and are impacting the regional market remarkably. China, India, and Japan are also witnessing intake of IoT which is helping the market in growth.
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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List of Figures
FIGURE 1 Global Intelligent Network Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Intelligent Network Market
FIGURE 4 Value Chain Of Global Intelligent Network Market
FIGURE 5 Share Of Intelligent Network Market In 2018, By Country (In %)
FIGURE 6 Global Intelligent Network Market, 2018–2023,
FIGURE 7 Global Intelligent Network Market Size By Application, 2018–2023
FIGURE 8 Share Of Global Intelligent Network Market By Application, (In %)
FIGURE 9 Global Intelligent Network Market Size By End-User, 2018–2023
FIGURE 10 Share Of Global Intelligent Network Market By End-User, (In %)
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