Global intelligent network market is anticipated to grow at a significant rate
The global intelligent network market is anticipated to grow at a significant rate during the forecast period (2018 – 2024). An intelligent network is a network that delivers precise technical competencies and this system is associated with telecom networks as technological advancements are expanding the proficiencies of his segment beyond the facilitation of phone calls. Furthermore, an increase in data volume and evolving patterns of data traffic are expected to further drive the growth of intelligent network markets across the globe.
On the basis of enterprise size, the intelligent network market across the globe is categorized into large and small and medium enterprises. Among these two segments, the small and medium enterprises are expected to witness the fastest growth during the forecast period. The growth of this segment is due to expansive requirements for flexible and efficient operations in these enterprises that are attained with the help of artificial intelligence systems, thereby strengthening the growth of the intelligent network market.
The introduction of the latest technologies that include 5G, cloud, and IoT is rapidly increasing the complexity of networks, which is driving the growth of intelligent network markets across the globe. With the advent of latest technologies, the IT experts are progressively updating their techniques and adopting these technological developments in order to aid newly developed tools such as the intelligent network. According to a recent report published by Ericsson, it has been indicated that developing technologies such as IoT and 5G are making the daily operations of business organizations more complex and difficult.
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Furthermore, with the emergence of artificial intelligence systems and intelligent network systems. enterprises are able to eradicate such errors and hence are able to augment flexibility and efficiency in their operations. With the adoption of artificial intelligent business, organizations are able to improve efficiency, optimize their networks, and deliver convincing and satisfying experiences to their users. Moreover, these factors are pertaining towards the growth of intelligent network markets across the globe in the near future.
Geographically, Asia-Pacific is expected to witness the fastest growth during the forecast period. The growth of the intelligent network market in this region is attributed towards the increasing number of service providers of cloud and telecom operators that are expansively dependent upon artificial intelligence assisted solutions. Moreover, North America is estimated to generate the largest revenue in 2017 and is expected to grow at a significant rate during the forecast period. The network intelligent solution in this region is observing rampant growth due to the latest technologies such as virtualization of the network, deep learning, and analytics.
The intelligent network market is fragmented with the presence of key players such as Cisco, Tech Mahindra, Huawei, Netcracker, Ericsson, Aruba, Netrolix, Nokia, Sandvine, and Ennetix. However, these players are looking for mergers and acquisitions as a strategy to increase their market share.
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