Global Intelligent Networks Market Set For Rapid Growth, To Reach Around USD 10.87 Billion By 2024

06-Sep-2018 | Zion Market Research

Zion Market Research has published a new report titled “Intelligent Networks Market By Application (Traffic Prediction And Classification, Resource Management And Network Adoption, Information Cognition, Performance Prediction, And Configuration Extrapolation) and by End-User (Cloud Service Providers, Telecom Service Providers, Managed Network Service Providers, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024”. According to the report, global intelligent networks market was valued at approximately USD 1.89 billion in 2017 and is expected to reach approximately USD 10.87 billion by 2024, at a CAGR of around 28.4% between 2018 and 2024.

Intelligent networks (IN) are "service-independent" architectures that support services related to electronic communications, information exchange, and entertainment. These services are called value-added services due to their great impact on a human conversation within electronic surroundings. The intelligent network is most instantly perceptible and is the best utility for human users through various communication functionalities.

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Browse the full "Intelligent Networks Market By Application (Traffic Prediction And Classification, Resource Management And Network Adoption, Information Cognition, Performance Prediction, And Configuration Extrapolation) and by End-User (Cloud Service Providers, Telecom Service Providers, Managed Network Service Providers, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/intelligent-networks-market

Global Intelligent Networks Market

An intelligent network supports various services which are valued by consumers of electronic communications systems. Intelligent network frameworks are recognizable by specific key elements such as Service Switching Point (SSP), Service Control Point (SUP), Signal Transfer Point (STP) Service Manager (SM), Vendor Feature Node (VFN), and Intelligent Peripheral (IP). These components are similar to building blocks of IN and are connected to functional architecture to form physical structure.  

Increasing adoption of intelligent network functionalities in the wireless 4G networks is the primary factor driving the growth of global intelligent networks market. The wireless 4G network offers an extensive use of information processing techniques, reuse of network functions, and efficient manipulation of the network resources. Intelligent network functionalities allow the 4G network to insert the additional capacities making it easy to add different services. Rising demand for complex services by telecom consumers have further anticipated driving the growth of intelligent network market across the globe. Network users are demanding increasingly complex services that cannot be effectively supported by current network architectures. Also, there is a desire to distribute application processing to network elements, share data, and for advanced telecommunications services. All these factors have led to the evolution of new networking architectures, which will propel the demand of intelligent network market. Furthermore, the increased popularity of music and videos on demand that can display complex images over a long distance is considered as a potential opportunity for the intelligent networks market growth. However, the high installation cost of intelligent networks for telecom operators may restrain the growth of intelligent networks market.

Intelligent Networks market is segmented on the basis of application, end user, and region. Application segment included in this market are traffic prediction and classification, resource management and network adoption, information cognition, performance prediction, and configuration extrapolation. The end-user segment includes cloud service providers, telecom service providers, managed network service providers, and others. Among these end users, cloud service providers have the highest CAGR in intelligent networks market. Cloud technology helps service providers to enhance the operational cost by decreasing the cost of software and hardware required in the existing network and platforms. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among regions, North America held the highest share in the intelligent networks market. Increasing adoption of IoT in North America is further expected to boost the intelligent networks demand in this region. North America will have 6 billion IoT connections until 2025.

Major players operating in the intelligent networks market are Ericsson, Tech Mahindra, Nokia, Juniper Networks, Cisco, Huawei, Colt Technology Services, Netcracker, Sandvine, Loom Systems, Fujitsu, and Harris, among others. 

The report segments the intelligent networks market into:

Global Intelligent Networks Market: Application Segment Analysis 

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

Global Intelligent Networks Market: End-User Segment Analysis 

  • Cloud Service Providers
  • Telecom Service Providers
  • Managed Network Service Providers
  • Others

Global Intelligent Networks Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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