The global Intelligent Network Market is anticipated to reach USD 13.04 billion by 2027, from its valuation of USD 2.71 billion in 2019, growing at a steady CAGR of 25.1%. The intelligent network is the standardized network architecture that enables the incorporation of telecommunications services in a flexible method. The intelligent network architectures enable the operators to separate themselves from others by offering value added services in addition to the standard telecom services they offer.
The advent of 5G network technology and increasing advancements in the IoT sector are the key driving factors of the Intelligent Network market. The rising demand for additional services by the customers is anticipated to drive the growth of the Intelligent Network market over the projected period. The advent of advanced technologies like 5G, Cloud, IoT, coupled with increasing data volume and increasing network complications, are further fueling the market growth.
Market Overview:
Increased Internet, broadband, and mobile penetration is enabling the growth of the ICT market across the globe. The customer demand for anywhere and anytime access to content and products coupled with enterprise need for agility is driving the ICT market. Developments across various segments such as internet, computers, wireless networks, social networking, software, and other services are positively impacting the growth of the information and communication technologies market. With close to 7 billion mobile subscribers and 3 billion Internet subscribers, the ICT market presents a huge opportunity for technology marketers.
Enterprises across verticals are adopting IoT devices to improve operational efficiency and enhance communication and the IoT traffic is expected to rise in the coming years. The growing adoption of these IoT devices has also widened the scope of attacks for cybercriminals. A cybersecurity model approach is expected to be adopted by organizations dealing with critical business and personal information in the coming years as it offers security professionals greater visibility in terms of users accessing networks from various locations, accessed applications, and the exact time of access.
Regional Outlook:
North America has been a mature market for ICT, while Asia-Pacific has been the ground for the RD of several low-cost technologies. As of 2021, the U.S. accounted for over 34 percent of the global information and communication technology (ICT) market share. The EU and China ranked as the second and third biggest regions in terms of market share with approximately 15 and 11 percent respectively. The Information and communications technology (ICT) spending in the Asia Pacific region, excluding Japan, is forecast to grow at 12.9 percent in the professional services sector in 2021.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1098
Report Overview:
The report identify market application gaps, need for new product development, high potential geographic regions and countries, and emerging technologies. A detailed granular segmentation of the market tracking, market size, market share, geographical analysis of markets, revenue projections, and financial portfolio of key players, covering a broad spectrum of the market have been included.
By Application (Revenue, USD Million; 2017–2027)
- Resource Management and Network Adoption
- Performance Prediction and Configuration Extrapolation
- Information Cognition
- Traffic Prediction and Classification
By End-user (Revenue, USD Million; 2017–2027)
- Telecom Service Providers
- Cloud Service Providers
- Managed Network Service Providers
- Other Enterprises
By Enterprise Size (Revenue, USD Million; 2017–2027)
- Small and Medium-Sized Enterprises
- Large Enterprises
To know more about the report https://www.reportsanddata.com/sample-enquiry-form/1098
Regional analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Russia
- K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- Israel
- Rest of MEA
Request a customization of the report https://www.reportsanddata.com/request-customization-form/1098
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
