Next Generation Network Market 2023 Driving Factors Forecast Research 2029

Next generation network market is anticipated to grow at a CAGR of 12.5% during the forecast period (2023-2030). A next-generation network (NGN) is a packet-based network that can provide services including telecommunication services and can use multiple broadbands, and quality-of-service-enabled transport technologies. The growing adoption of next generation network with the improving software-defined Network (SDN) is the key factor supporting the growth of the market globally. Traditional wide area networking requires dedicated, proprietary vendor hardware to be installed at each customer site. New managed service is based on generic hardware capable of supporting a choice of software-based networking solutions from different vendors. Hence, the market players are also focusing on introducing software defined network services solutions that further bolster the market growth. For instance, in November 2020, BT Solution launched a new generation of cloud-optimised managed network services to expand multinational customers' choice of software-based connectivity solutions. This gives customers a single view of their entire network and a choice of management controls.

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The global next generation network market is segmented on the offering, application, and end users. Based on the offering, the market is sub-segmented into software, (software-defined network (SDN) and network function virtualization (NFV), hardware (router, switch, gateway) services (consulting services, integration services and managed services). Based on the application, the market is sub-segmented into internet video, internet protocol television (IPTV) and video on demand, and file sharing, gaming, and web data. Further, on the basis of end users, the market is sub-segmented into telecom service provider, internet service provider and government. Among the offerings, the software sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of 6G and 5G technologies in software-defined networks and network function virtualization, IoT networks, edge computing, fog computing, multimedia, cloud and IoT collaborations, and wireless sensor networks.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Next Generation Network Market Report Segment By Offering
Software
• Software-Defined Network (SDN)
• Network Function Virtualization (NFV)
Hardware
• Router
• Switch
• Gateway

Services
• Consulting Services
• Integration Services
• Managed Services

By Application
• Internet Video
• Internet Protocol Television (IPTV) and Video on Demand
• File Sharing, Gaming, and Web Data

By End User
• Telecom Service Provider
• Internet Service Provider
• Government

Global Next Generation Network Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global next generation network market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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