Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.36 Billion | USD 59.03 Billion | 22.70% | 2023 |
The global intelligent network market size was valued at approximately USD 9.36 billion in 2023 and is expected to grow to approximately USD 59.03 billion by 2032, at a compound annual growth rate (CAGR) of approximately 22.70% between 2024 and 2032.
The report analyses the intelligent network market’s drivers, restraints, and challenges and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the intelligent network market.
A telephone network design that gives precise technological abilities or services outside of the predicted network standard spectrum is known as an intelligent network. The telecom's revolutionary phone call functionality is frequently used to link it to the telecoms network. Additional technologies, including a service management system and service control point, are integrated to support services such as call filtering or call waiting, caller ID, variable costing, and overseas messaging. Furthermore, an intelligent system enables performance to be dispersed flexibly among many nodes on and off the network, enabling infrastructure changes to govern the service.
Intelligent Network (IN) provides specific technical services or capabilities outside of the traditional network standard field. This concept is often connected to the telecom networks due to the recent innovations which expanded the capacity of telecom industry beyond its primary function of facilitating phone calls. This intelligent network concept is becoming more distinct with the introduction of the advanced network by telecom organizations. The intelligent network is the concept invented by Bellcore, a company that provides Advanced Intelligent Network (AIN). These networks divide the extra services through call switching system which makes it easy to add new user services.
Digitalization and increased service switching are one of the major drivers for global intelligent network market growth. It increases the competition among market players by arranging new services and expands the development of new services for the customers. Service switching enables operating staff to manage many types of services of a specific module. Application development is another major factor driving the growth of intelligent network market across the globe. To create a new business outcome, applications play an important role where intelligent network helps these applications to connect with the business process. With the help of software coding, the intelligent network can be programmed and managed. The intelligent network is software driven infrastructure which is driven by storage, server, and network virtualization. Furthermore, internet on TV and interactive home shopping that operates on intelligent network architecture will create a potential opportunity for intelligent market growth in the coming years. However, a difficult configuration of intelligent networks may hinder the market growth as intelligent Networks are configured by many small pieces of hardware.
The COVID-19 impact on the overall market growth was observed low to moderate. Demand for intelligent networks increased exponentially during the pandemic period due to increased demand for IoT and cloud networks. Most enterprises started investing in the intelligent network during the pandemic period to streamline their business. Along with these increasing complexities in the network forced to implement intelligent networks during the pandemic period.
Benefits of the intelligent network over a conventional network are expected to drive the market growth.
Intelligent Networks (IN) rely on processing that takes place within the public network architecture. They allow PTTs and other service providers to provide clients with services that would be impossible to deliver through a private network. The potential to offer new and upgraded amenities is one of the primary advantages of intelligent networks in service offering. All employees inside an organization can have equal access to services, regardless of the branch they work in. It makes it easier to subcontract operational services. It offers service flexibility and the opportunity to swiftly switch between the numerous subscription services.
Financial constraints among small enterprises may hamper the growth of the market
Along with the several advantages, intelligent network has some downsides concerning cost, maintenance, and security. The cost of network cabling and file servers may add up significantly; also managing a big network is difficult, involves training, and typically necessitates the hiring of a network manager. Along with that, the files on the file server become unavailable if the file server fails. If email is stored on a different server, it may still operate as the computers remain functional even if they are isolated. Moreover, viruses can travel from one machine to another through a network which can make hacking a possibility, especially with wide-area networks. To avoid such misuse, security mechanisms are required which add up the additional cost. Such operating cost is difficult to manage for small organizations hence restricting the adoption of intelligent networks.
The emergence of intelligent cloud networks is likely to offer better growth opportunities for market expansion.
With a rising number of companies searching for better insights to produce more business value, it's becoming clear that the Intelligent Cloud age has begun. C-suite executives are increasingly interested in going beyond the descriptive analytics that most existing business intelligence tools already provide. Intelligent Cloud is allowing them to extract more insights from a wider range of data sources and successfully bridge the gap across prescriptive, predictive, and cognitive analytics as it grows. As a result, it facilitates improved decision-making and, as a result, improves business outcomes. These facts are expected to increase the use of intelligent networks over the forecast period.
Security and privacy challenges with IoT and intelligent networks may hamper the market growth.
The Internet of Things (IoT) has exploded in importance, potential, and growth with the introduction of smart homes, smart cities, and smart everything. Hundreds of billions of intelligent IoT devices integrated with software, electronics, actuators, sensors, and network connectivity gather data via wireless technology and can communicate with one another using existing internet infrastructure. However, the widespread use of the Internet of Things with an intelligent network is raising serious security problems. On the one side, most intelligent IoT devices are simple to hack and compromise since their computational, storage, and network capacities are often restricted, making them more vulnerable to assaults than some other consumer devices like tablets, smartphones, or laptops. Additionally, in the midst of people's private lives, the more invisible, dense, and ubiquitous collecting, processing, and distribution of data raise severe security and privacy problems.
The global intelligent network market is categorized based on deployment, application, end-user, organization size, industry verticals, and region.
Based on deployment, the market is bifurcated into the cloud and on-premises.
The application area of the market covers traffic prediction & classification, information cognition, resource management & network adoption, and performance prediction & configuration extrapolation.
The end-user segment of the market is divided into cloud service providers, managed network service providers, telecom service providers, and others. The cloud service providers segment is expected to have the highest growth rate in the forecast period owing to increase in the number of data centers across the globe, which results in an increase in the demand for integrated network infrastructure.
By organization size, the market is segregated into small & medium-sized enterprises (SMEs) and large enterprises.
By Industry verticals covered in the market include healthcare & life sciences, BFSI, telecommunications & IT, government & public sector, aerospace & defense, consumer goods & retail, manufacturing, media & entertainment, and others.
Report Attributes | Report Details |
---|---|
Report Name | Intelligent Network Market Research Report |
Market Size in 2023 | USD 9.36 Billion |
Market Forecast in 2032 | USD 59.03 Billion |
Growth Rate | CAGR of 22.70% |
Number of Pages | 110 |
Key Companies Covered | Cisco Systems Inc., Aruba Networks, Colt Technology Services, Huawei Technologies Corporation Ltd., ExtraHop Networks, Netcracker Technology Corporation, Juniper Networks, Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, and Nitro Mobile Solutions LLC. |
Segments Covered | By Application, By Deployment, By Organization Size, By End-User, By Industry Verticals, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to lead the global intelligent network market during the forecast period.
North America will have the biggest market share in the intelligent network industry during the projected period. Due to the advancement of novel technologies such as network virtualization, analytics, and deep learning, intelligent network solutions are becoming more popular in North American countries such as the United States and Canada. The United States and Canada are pioneering the way for technology advancements and the growing usage of cloud-based services. Cisco Systems, Juniper Networks, Aruba Networks, Netcracker Inc., and others are experts in the industry of intelligent networks in the United States. These businesses are bolstering creative technical design while also providing data security. On the other side, with increasing usage of IoT and the migration of SMEs & large organizations to the cloud, Asia Pacific is expected to be the fastest-growing market in the next years. China, India, and Japan are the most significant countries in the region because of their vast client bases.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among regions, Asia Pacific is expected to have the fastest growing region in the global intelligent networks market. Many of the enterprises in this region are shifting towards cloud infrastructure for enhancement of the business process which results in an increase of the demand for cloud-as-a-service platform and intelligent networks.
Key players profiled in the global intelligent networks market include Harris, Cisco, Huawei, Ericsson, Colt Technology Services, Tech Mahindra, Nokia, Juniper Networks, Netcracker, Sandvine, Loom Systems, and Fujitsu, among others.
Major players operating in the global intelligent network market include Major players analyzed in the market include:
By Deployment
By Application
By End-User
By Organization Size
By Industry Verticals
By Region
FrequentlyAsked Questions
Intelligent Networks (IN) rely on processing that takes place within the public network architecture. They allow PTTs and other service providers to provide clients with services that would be impossible to deliver through a private network. The potential to offer new and upgraded amenities is one of the primary advantages of intelligent networks in service offering. All employees inside an organization can have equal access to services, regardless of the branch they work in. It makes it easier to subcontract operational services. It offers service flexibility and the opportunity to swiftly switch between the numerous subscription services.
According to the Zion Market Research report, the global intelligent network market was worth about USD 9.36 billion in 2023 and is predicted to grow to around USD 59.03 billion by 2032 with a compound annual growth rate (CAGR) of roughly 22.70% between 2024 and 2032.
North America has been leading the global Intelligent Network Market and is anticipated to continue on the dominant position in the years to come.
Major players operating in the global intelligent network market include Major players analyzed in the market include Cisco Systems Inc., Aruba Networks, Colt Technology Services, Huawei Technologies Corporation Ltd., ExtraHop Networks, Netcracker Technology Corporation, Juniper Networks, Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, and Nitro Mobile Solutions LLC.
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