Global Intelligent Network Market to Generate Revenue Of USD 3.32B by 2028

17-Jun-2022 | Zion Market Research

The global intelligent network market was valued at approximately USD 1.25 billion in 2021 and is expected to grow to approximately USD 3.32 billion by 2028, at a compound annual growth rate (CAGR) of approximately 15.4 percent over the forecast period

Intelligent Network (IN) is a network architecture and can be used by mobile telecom networks or fixed telecom networks. IN is used by network providers to provide value-added services to their consumers and make themselves stand out from their competitors. These value-added services are apart from the standard services and are intended to generate more consumer traffic for the operator. Examples of value-added services include activities like ringtone, missed call/text alerts, live streaming, location-based services, and online gaming amongst others.

The global intelligent network market is supported by Signaling System #7 or SS7 protocol which is a standard set of rules between network providers to exchange any information needed for the flow of calls or messages between each other while taking care of the correct billing process. The protocol is essential for users to roam on a separate network when traveling internationally.

Covid-19 had a mild impact on the global market. The impact was majorly on the supply of final goods or raw materials because of transport restrictions. However, the demand for intelligent networks increased as all businesses or the population, in general, had to function remotely.

An intelligent network allows for flexible distribution of functionality at various nodes making the architecture modifiable for controlling the services, on and off the network. IN is capable of separating extra services from the call switching system which makes adding new user services easier. When coupled with other technology like SMS or SCP, IN can house other services like international messaging, caller ID services, or variable charging. This feature makes it a lucrative technology and is expected to propel the global intelligent network market growth. IN is extremely stable and it continues to generate high revenues with the constant addition of better value-added services. Along with this, the application of IN is evolving with time and it is driven by developments in the field of algorithms and computation, shifting data-driven models to AI-enabled models in network design which will further the global market growth in the coming years.

Where financial constraints among small enterprises may hamper the growth graph, the emergence of intelligent cloud networks is expected to offer better growth opportunities for global market expansion. One of the major challenges is the security and privacy issues with IoT and intelligent networks in the global market.

The global intelligent network market is categorized based on deployment, application, end-user, organization size, industry verticals, and region. Based on deployment, the market is bifurcated into the cloud and on-premises. The application area of the market covers traffic prediction & classification, information cognition, resource management & network adoption, and performance prediction & configuration extrapolation. The end-user segment of the market is divided into cloud service providers, managed network service providers, telecom service providers, and others. By organization size, the market is segregated into small & medium-sized enterprises (SMEs) and large enterprises. Industry verticals covered in the market include healthcare & life sciences, BFSI, telecommunications & IT, government & public sector, aerospace & defense, consumer goods & retail, manufacturing, media & entertainment, and others.

North America is expected to dominate the global intelligent network market owing to the highly developed technological infrastructure in the region along with robust R&D activities conducted by key market players and the government. The USA and Canada are projected to contribute significantly to the regional market growth during the forecast period. The presence of visionary companies like Juniper Networks, Cisco Systems, and many others who are constantly looking out for technological advancements will aid the regional market growth.

Asia-Pacific is expected to register the highest CAGR by 2028 because of the expanding market and consumer database. The region has been investing heavily in IoT services as well as cloud-based systems which are expected to assist the regional growth. For example, ‘China’s ICT Governance Regime’ allows business owners to grab market opportunities in the field of network services.

Major players operating in the global intelligent network market include Major players analyzed in the market include Cisco Systems Inc., Aruba Networks, Colt Technology Services, Huawei Technologies Corporation Ltd., ExtraHop Networks, Netcracker Technology Corporation, Juniper Networks, Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, and Nitro Mobile Solutions LLC.

Recent Development:

Feb 2020 witnessed the launch of Nova Adaptive Service Assurance (Nova A|SA) by EXFO Inc. The company is a leading organization that develops test, monitoring, and analytical equipment for the communication industry. The product is the first of its kind intelligent automation platform which will assist network providers to provide extremely reliable, superior quality services in the 5G network.

Browse the full Intelligent Network Market By Deployment (Cloud And On-Premises), By Application (Information Cognition, Traffic Prediction & Classification, Resource Management & Network Adoption, And Performance Prediction & Configuration Extrapolation), By End-User (Telecom Service Providers, Cloud Service Providers, Managed Network Service Providers, And Other), By Organization Size (Small & Medium-Sized Enterprises (SMEs) And Large Enterprises), By Industry Verticals (BFSI, Healthcare & Life Sciences, Telecommunications & IT, Aerospace & Defense, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028
. Report at https://www.zionmarketresearch.com/report/intelligent-networks-market

Global intelligent network market is segmented as follows:

By Deployment

  • Cloud
  • On-premises

By Application

  • Information Cognition
  • Traffic Prediction & Classification
  • Resource Management & Network Adoption
  • Performance prediction & Configuration Extrapolation

By End-User

  • Telecom Service Providers
  • Cloud Service Providers
  • Managed Network Service Providers
  • Other

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Industry Verticals

  • BFSI
  • Healthcare & Life Sciences
  • Telecommunications & IT
  • Government & Public Sector
  • Manufacturing
  • Aerospace & defense
  • Consumer Goods & Retail
  • Media & Entertainment
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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