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Next-Generation Network Market to Witness Huge Growth by Key Players: Cisco, Huawei, ZTE, Ericsson, Nokia, Juniper Network, NEC Corporation, Samsung Electronics, IBM, Ciena Corporation, Hewlett Packard Enterprise and Others.

04-23-2020 10:31 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Next-Generation Network Market to Witness Huge Growth by Key

According to Market Study Report, Next-Generation Network Market provides a comprehensive analysis of the Next-Generation Network Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Next-Generation Network Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Next-Generation Network (NGN) Market is expected to grow from USD 21.86 Billion in 2018 to USD 32.81 Billion by 2023, at a CAGR of 7.0% from 2018 to 2023. This report spread across 117 pages, profiling 10 companies and supported with 60 tables and 32 figures are now available in this research.

Top Key Players Profiled in the Next-Generation Network Market:
o Cisco (US)
o Huawei (China)
o ZTE (China)
o Ericsson (Sweden)
o Nokia (Finland)
o Juniper Network (US)
o NEC Corporation (Japan)
o Samsung Electronics (South Korea)
o IBM (US)
o iena Corporation (US)
o Hewlett Packard Enterprise (US)
o AT&T (US)
o ADTRAN (US)
o TELES (Germany)
o KPN International (Netherlands)
o Infradata (Netherlands)
o PortaOne (Canada)
o TelcoBridges (Canada)
o CommVerge Solutions (Hong Kong)
o Extreme Networks (US)

"Based on offering, software to grow at highest CAGR during forecast period"
Software focuses on making the network responsive and flexible in terms of scaling up according to the network requirement. It allows network operators to make changes quickly in their network through a centralized control system according to the rate at which data traffic increases or decreases. In software, a network engineer is able to control data traffic from a centralized control system without having physical access to the network hardware such as routers and switches.

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"Market for internet service provider to grow at highest CAGR during forecast period"
The growth is primarily attributed to increasing demand for high-speed data services and growing technological advancements in IoT and M2M communication. Digitalization has changed the business model for internet service providers. It has increased the need for effective and efficient networks that can handle the high level of network traffic and provide high-speed data services. Network transformation enables internet service providers to support a variety of automated and professional services to enhance consumer experience.

"Next-generation network market in APAC to grow at highest CAGR during forecast period"
Countries in APAC undertake aggressive initiatives to transform their traditional network infrastructure to advanced NGN; as a result, the NGN market in APAC is expected to grow at the highest rate. APAC witnesses dynamic changes in the adoption of new technologies and advancements in organizations across various industries. The NGN market would play an integral role in advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication (M2M), and other sectors such as smart cities, as well as in industrial automation.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 = 20%, Tier 2 = 55%, and Tier 3 = 25%
o By Designation: C-Level Executives = 50%, Directors = 25%, and Others = 25%
o By Region: North America = 60%, Europe = 20%, APAC = 10%, and RoW = 10%

Competitive Landscape of Next-Generation Network Market
1 Introduction
2 Ranking Analysis of Players in Next-Generation Network Market
3 Competitive Situations and Trends
3.1 Product Launches
3.2 Agreements, Partnerships, Contracts, and Collaborations

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Research Coverage:
The report defines, describes, and forecasts the NGN market based on offering, end user, application, and geography. It provides detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the NGN market. It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market.

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