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Intelligent Network Market Trends, Business Overview, Industry Growth and Forecast to 2031

10-09-2024 04:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Intelligent Network Market

Intelligent Network Market

The global intelligent network market is expected to grow at a significant CAGR during the forecast period (2024-2031). The market is expected to grow globally owing to the introduction of new technologies and the increasing complexity of networks. On the other hand, the lack of essential budget among SMEs, as well as a low level of awareness among end-users and network administrators, are projected to hinder the market growth. Nonetheless, the market is expected to grow during the forecast period owing to the widespread adoption of new solutions, particularly in highly regulated verticals.

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The advent of sophisticated technologies such as IoT, 5G, and cloud are key factors driving the market growth. The market is being driven by the rapidly expanding complexity of networks, a massive increase in terms of data generation, and volatile changes in data traffic patterns. With more users, applications, and devices relying on the network for seamless connectivity to a wide range of consumer products, enterprise networks are increasingly under strain. Furthermore, enterprises are becoming more interested in advanced management tools and innovative network architectures that can use technologies such as machine learning and artificial intelligence (AI) to construct self-driving or autonomous networks. These improvements are also changing the way businesses rely on their partners' and vendors' services.

According to Cisco Systems, the growth of data and devices is putting more strain on networks, and 95% of network changes are done manually, resulting in operational expenses that are 2 to 3 times higher than the network's value. During the forecast period, this trend is expected to drive the global intelligent network market. Furthermore, EXFO Inc., a well-known vendor in the communications industry's test, monitoring, and analytics domain launched Nova Adaptive Service Assurance (Nova A|SA) in February 2020, which is the first intelligent automation platform that will allow mobile network operators to deliver ultra-reliable, high-quality service experiences in a 5G world.

Full report of Intelligent Network Market available @ https://www.omrglobal.com/industry-reports/intelligent-network-market

Market Coverage

Segment Covered-
o By Organization Size

o By End-User

Competitive Landscape: Juniper Networks, Cisco Systems, Inc., Nokia Corp., Tech Mahindra Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Intelligent Network Market Report Segmentation

By Organization Size

SMEs
Large Enterprise

By End-User

Cloud Service Providers
Telecom Service Providers
Managed Network Service Providers
Others

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/intelligent-network-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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