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By end user, the Telecom service providers segment accounted for the highest share in intelligent Network market analysis in 2021.
WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 27, 2024 /EINPresswire / -- The global Intelligent Network Market size was valued at $4.6 billion in 2021, and is projected 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.
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Advancements in artificial intelligence and machine learning, rise in demand for cloud-based services, and adoption of intelligent networks in telecommunication drive the growth of the global intelligent network market. However, high deployment costs and cybersecurity issues, and complex integration hinder the market growth. Furthermore, the widespread deployment of 5G networks is expected to create lucrative opportunities in the industry.
Based on enterprise size, the large enterprise segment accounted for more than three-fifths of the global intelligent network market revenue in 2021 and is projected to rule the roost by 2031. The growth is attributed to the need for intelligent network solutions for a secure and efficient system. However, the small and medium enterprise segment would display the fastest CAGR of 24.4% from 2022 to 2031, owing to their cost-effective services.
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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.
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.
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Based on end user, the telecom service providers segment held the highest share in 2021, holding more than two-fifths of the global intelligent network market revenue in 2021, due to rise in the number of subscribers and to provide clients with efficient systems. On the other hand, the cloud service providers segment, is expected to dominate market in terms of revenue during the forecast period, also the same segment would site the fastest CAGR of 26.2% from 2022 to 2031, owing to rise in the adoption of cloud technology and work-from-home policies by enterprises.
The key players profiled in this report include
Nokia Corporation, Colt Technology Services Group Limited, Juniper Networks, Inc., Huawei Technologies Co., Ltd., Orange, Telefonaktiebolaget LM Ericsson, Netcracker, Tech Mahindra Limited., Cisco Systems
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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.
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