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      AI in Networks Market worth $46.8 billion by 2029 - Exclusive Report by MarketsandMarkets™


      News provided by

      MarketsandMarkets

      Aug 13, 2024, 10:01 ET

      Share this article

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      CHICAGO, Aug. 13, 2024 /PRNewswire/ -- The global AI in Networks market is expected to be valued at USD 10.9 billion in 2024 and is projected to reach USD 46.8 billion by 2029 and grow at a CAGR of 33.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growing adoption of 5G, IoT, connected devices, and advanced security solutions creates new avenues for AI in network applications. Advanced cybersecurity systems are being utilized to identify real-time threat detection. The heightened focus on cybersecurity drives the demand for AI in the networks market.

      MarketsandMarkets Logo
      MarketsandMarkets Logo

      Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131514910

      Browse in-depth TOC on "AI in Networks Market" 
      199 – Tables
      60 – Figures
      283 – Pages

      AI in Networks Market Report Scope:

      Report Coverage

      Details

      Market Revenue in 2024

      $ 10.9 billion

      Estimated Value by 2029

      $ 46.8 billion

      Growth Rate

      Poised to grow at a CAGR of 33.8%

      Market Size Available for

      2020–2029

      Forecast Period

      2024–2029

      Forecast Units

      Value (USD Million/Billion)

      Report Coverage

      Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

      Segments Covered

      By Offering, Function, Technology and Region

      Geographies Covered

      North America, Europe, Asia Pacific, and Rest of World

      Key Market Challenge

      Rapid change in the technology landscape

      Key Market Opportunities

      Increasing prevalence of smart city initiatives

      Key Market Drivers

      Rising adoption of 5G technology


      The AI in networks market for AI networking platforms will hold the highest CAGR during the forecast period.

      AI networking platform is expected to hold the highest CAGR during the forecast period. The growth is primarily driven by the demand for a single platform to automate network management tasks. The platform uses AI and ML technology to identify anomalies, manage traffic, and increase operational efficiency while minimizing errors. It also detects equipment failures by analyzing historical data for scheduled maintenance. Additionally, AI networking platforms work efficiently with existing infrastructure and ensure infrastructure interoperability without the need for new hardware and software.

      The AI in networks market for Gen AI technology to hold the highest CAGR during the forecast period

      The AI in networks market for Gen AI technology is expected to grow at the highest CAGR during the forecast period. Gen AI helps telecom operators optimize network resource distribution, enabling the efficient operation of telecom services. It also helps predict equipment failure patterns based on historical data to schedule maintenance and minimize downtime. Additionally, Gen AI helps telecom operators manage and optimize vast traffic data to detect potential fraud and security breaches. Telecom operators can use Gen AI in networks to secure their network operations and customer data.

      The AI in networks market for the data center end-use industry is expected to hold the highest CAGR during the forecast period.

      The AI in networks market for the data centers end-use industry is expected to hold the highest CAGR during the forecast period. Data centers utilize AI-driven networking solutions for resource management, such as dynamic bandwidth allocation, computing power, and storage. This helps data centers reduce operational costs and increase performance. Additionally, AI-driven networks help automate various network management tasks in data centers, from system updates to traffic routing. These factors contribute to the significant demand for AI network solutions in data centers.

      Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=131514910

      The AI in networks market for Asia Pacific to hold the highest CAGR during the forecast period

      The AI in networks industry in the Asia Pacific region is expected to hold the highest CAGR during the forecast period. Rapid industrialization, technological advancements, and significant growth in internet and mobile penetration primarily drive the growth in Asia Pacific. Countries like China, Japan, India, and South Korea are investing heavily in digital infrastructure developments in the region. Additionally, various countries in the region have AI strategies in place, offering investment, regulatory support, and incentives for the development of AI-driven network solutions.

      Key Players

      The AI in networks companies includes significant Tier I and II players like NVIDIA Corporation, Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), and others. These players have a strong market presence for AI in networks across various North America, Europe, Asia Pacific, and RoW countries.   

      Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=131514910

      Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

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      About MarketsandMarkets™

      MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

      MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

      Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

      The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

      Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

      To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

      Contact:
      Mr. Rohan Salgarkar

      MarketsandMarkets™ INC.
      630 Dundee Road
      Suite 430
      Northbrook, IL 60062
      USA: +1-888-600-6441
      Email: [email protected]
      Visit Our Web Site: https://www.marketsandmarkets.com/
      Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-networks-companies.asp
      Content Source: https://www.marketsandmarkets.com/PressReleases/ai-in-networks.asp

      Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

      SOURCE MarketsandMarkets

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