The global next-generation network market is anticipated to grow at a CAGR of 12.5% during the forecast period (2023-2030). An increase in the adoption of integrated and efficient packet-based technology drives the growth of the next-generation network market. The rise in technological innovations in the telecommunication industry is the major factor that boosts the next-generation network market growth. Advances in next-generation Internet-networking research have to deal with many innovations triggered by high-performance computing, programmable network equipment, and computing harvesting next-generation services. Software-defined networking (SDN), Network Function Virtualization (NFV), and Mobile Edge Computing (MEC), communication networks can be more agile in handling network functions implemented as virtualized machines.
Browse the full report description of “Next Generation Network Market Size, Share & Trends Analysis Report by Offering, Software (Software-defined Network (SDN) and Network Function Virtualization (NFV)), Hardware, (Router, Switch and Gateway), Services (Consulting Services, Integration Services and Managed Services), by Application (Internet Video, Internet Protocol Television (IPTV) and Video on Demand, and File Sharing, Gaming, and Web Data), and by End Users (Telecom Service Provider, Internet Service Provider and Government), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/next-generation-network-market
Innovative platform capabilities to deliver more comprehensive network observability that enterprises are demanding. For instance, in May 2023, NTT Ltd., an IT infrastructure and services company, launched SPEKTRA (Sentient Platform for Network Transformation) as the next generation of its global services platform for NTT Managed Networks solutions. The platform provides customers with a direct pathway towards network transformation, underpinned by NTT’s managed services experience, expertise, and expansive technical resources.
The wholesale business model can support deterministic end-to-end services across both traditional services and new segments such as mobile network slicing and backhaul, data centre interconnect, and wholesale transport for retail CSPs and business customers. For instance, in March 2022, Nokia launched next-generation OTN architecture for wholesale services. OTN is a foundational multi-service networking technology for optical transport and wholesale services, with increasing scale needed to support network growth, and new services and business models. Platform upgrades enable scaling up to 48Tb/s of switching capacity, adding new WDM uplinks with 90 Gbaud coherent optics, and new service interfaces to support 400Gigabit Ethernet (400GE) services.
Engineering feat is achieved through a novel modular architecture approach, significant advancements in network packet processing technology and an integration of next-generation Wi-Fi 6 and 6E. For instance, in October 2020, Qualcomm launched an Immersive Home Platform for Next-Generation Mesh Wi-Fi Networks. New modular architecture brings high-performance, cost-effective Wi-Fi 6E mesh deployment designed to deliver wireless Gigabit speeds throughout the connected home.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Offering
o By Application
o By End Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Arista Networks Inc., Cisco Systems, Inc., Fortinet, Juniper Networks, Inc., Nokia Corp., Palo Alto Networks, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Next Generation Network Market Report Segment By Offering
Software
Hardware
Services
By Application
By End User
Global Next Generation Network Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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