Intelligent Network Market Growth Fueled by Advancements in IoT and 5G Technologies

The intelligent network market size was valued at $4.6 billion in 2021, and is estimated to reach $34.1 billion by 2031, growing at a CAGR of 22.6% from 2022 to 2031.

Intelligent network is a concept in telecommunications that refers to a network architecture that enables the creation and management of advanced telecommunication services. Intelligent network solution provides a framework for building and delivering new services and applications to customers dynamically and in real-time, by separating the service logic from the underlying network resources. Moreover, this architecture allows service providers to offer new services and features quickly, and to manage and maintain the network more efficiently.

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User demands for wider global coverage, higher data transfer speeds and wide availability of new and developing internet services and applications have become inevitable. In addition, advancements of current 5G technologies in line with 6G principles to meet customer's aspirations are boosting the market growth. Hence, these technological advancements lead to increased demand for intelligent networks, which in turn drives revenue growth of the market.

In addition, increasing demand for additional services by consumers is expected to drive the growth of the intelligent network market during the forecast period. The advent of advanced technologies like 5G, cloud, IoT, increase in data volume and increasing network complexity will also accelerate the growth of the industry. Other factors driving the market growth are the increasing rate of adoption of these technologies in advanced industry verticals and expansion of projects to develop intelligent networks. However, lack of budget for SMEs and minimal awareness about intelligent networks among consumers is expected to hinder the growth of the market in the coming years.

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Furthermore, major market players are undertaking various strategies to increase the competition and offer enhanced services to their customers. For instance, In January 2023, Tech Mahindra, a leading provider of digital transformation, and Microsoft, have announced a strategic collaboration to enable cloud-powered 5G core network modernization for telecom operators globally. The 5G core network transformation will help telecom operators to develop 5G core use cases and meet their customers' growing technological (Augmented Reality (AR), Virtual Reality (VR), IoT (Internet of Things), and edge computing) requirements.

Based on application, the information cognition segment attained the highest growth in the intelligent network industry in 2021 as intelligent networks use cognitive computing technology for seamless wide-area coverage, high-capacity hotspots, low-power mass connections, low latency, high reliability, and other scenarios. However, traffic prediction and classification segment registered the highest growth rate in the intelligent network industry during the forecast period.

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The report analyzes the profiles of key players operating in the intelligent network market such as Aruba Networks, Cisco Systems, Inc., Colt Technology Services Group Limited, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Netcracker, Nokia Corporation, Orange, Tech Mahindra Limited and Telefonaktiebolaget LM Ericsson. se players have adopted various strategies to increase their market penetration and strengthen their position in the intelligent network market.

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