New York, NY, Sept. 07, 2018 (GLOBE NEWSWIRE) -- 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.
Browse through 29 Tables & 27 Figures spread over 190 Pages and in-depth TOC on “Global Intelligent Networks Market 2017: Industry by Type, Size, Share, Applications, Analysis and Forecast, 2024”.
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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.
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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.
North America intelligent networks market is expected to have the largest market share in terms of revenue due to increasing popularity of the 5G connections. According to the study conducted by the “GSMA”, North America will have 100 million 5G connections by 2023, four years after spectrum launch. Adoption of 5G in North America will occur faster than other regions with market share up to 50%, and approximately 30% in Europe and APAC together in 2025. Moreover, the high 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. Many of the leading telecom companies have partnered to deploy mobile IoT technology. For instance, in 2017, Verizon and AT&T have launched LTE-M technology in the United States.
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Europe region has moderate growth for the intelligent networks market. The European telecom sector is undergoing rapid changes that will impact the communications and IT strategies of industrial customers. European consumers are demanding more speed, quality, availability, and security at lower cost and in a socially responsible manner. As a result, telecom companies are more focusing on integrating advanced technologies such as cloud and AI in telecommunication networks. This results in the growth of intelligent networks market in Europe region.
The Asia Pacific is expected to be the fastest growing region in the global intelligent networks market during the forecast period. Many of the enterprises are shifting towards cloud infrastructure for enhancement of the business process which resulted in increasing demand for cloud as a service platform and intelligent networks. Technology improvement is enabling higher transmission and processing speed, allowing providers to fulfill growing consumer demand. Additionally, India and China have the largest telecom subscriber base and continuous change in the competitive landscape and regulatory has increased the demand for intelligent network solutions in the Asia Pacific region. For instance, according to the “India Brand Equity Foundation”, India had 1.4 billion telecom subscribers until April 2018.
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Latin America is expected to witness sensible growth in intelligent networks market during the forecast period. Increasing adoption of artificial intelligence across the industrial sectors has anticipated the growth of intelligent networks market. Adoption of artificial intelligence can be a significant factor that can address potential labor shortage in Latin America. Increase in the usage of mobile and advanced network penetration and booming infrastructure development will fuel the demand for intelligent networks in the Middle East and Africa.
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.
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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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