PUNE, India, July 11, 2018 /PRNewswire/ --
According to a new market research report "Intelligent Network Market by Application (Information Cognition, Traffic Prediction and Classification, Resource Management, Performance Prediction, and Configuration Extrapolation), End-user, Enterprise Size, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market size is expected to grow from USD 3.01 billion in 2018 to USD 9.99 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period.
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Advent of new technologies, such as 5G, IoT, and cloud, increasing complexity of networks, rapid growth in data volumes, and changes in traffic patterns are expected to drive the Intelligent Network Market.
The information cognition segment is expected to grow faster during the forecast period.
Among applications, information cognition is expected to have a larger market share during the forecast period, as there is an increasing need for information cognition on data accumulation of networking operations which include network characteristics, trace route, traffic matrix, and other such data functionalities.
The telecom service providers segment is estimated to have the largest market size in 2018.
Among end-users, the cloud service providers segment is expected to grow at the fastest rate during the forecast period. The cloud service providers increase the number of data centers globally to decrease the latency, which, in turn, is expected to drive the demand for massive integrated network infrastructure. Therefore, the network becomes complex for delivering business applications and other content at high speed rates. The telecom service providers segment is expected to hold the largest market size the forecast period.
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North America is expected to hold the largest market size in the global Intelligent Network Market during the forecast period.
North America is expected to hold the largest size in the global Intelligent Network Market during the forecast period. The adoption of intelligent networking solutions in North America is driven by the growth of innovative technologies, such as deep learning, analytics, and virtualization of network. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as many telecom operators and cloud service providers have started relying upon AI-enabled solutions.
The key players in the Intelligent Network Market include include Cisco Systems (US), Huawei Technologies (China), Ericsson (Sweden), Tech Mahindra Limited (India), Aruba Networks (US), Nokia Corporation (Finland), Juniper Networks (US), Colt Technology Services (UK), Netcracker Inc. (UK), Sandvine (Canada), Loom Systems (US), Aricent, Inc. (US), Ennetix, Inc (US), Aria Networks (UK), ExtraHop Networks (US), Entuity, Ltd (UK), APCON, Inc (US), Mist Systems (US), BluVector (US), Nitro Mobile Solutions, LLC (US), Netrolix LLC (US), Darktrace (UK), Flowmon Networks (Czech Republic), Balbix Inc (US), and BOCO Inter-Telecom Co. Ltd (China).
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