Next-Generation Network Market Poised for 8.8 % Growth, Set to Hit $90.4 Billion by 2029

How Is the Next-Generation Network Market Projected to Grow, and What Is Its Market Size?
The next-generation network market has witnessed strong growth in recent years. It is expected to increase from $33.12 billion in 2024 to $35.87 billion in 2025, at a CAGR of 8.3%. The market's past growth has been driven by surging data consumption, the need for higher bandwidth, the proliferation of smartphones and mobile devices, and regulatory advancements.

The next-generation network market is anticipated to grow significantly in the next few years, reaching $50.19 billion by 2029, with a CAGR of 8.8%. This growth is driven by the rollout and adoption of 5G, the proliferation of IoT, the integration of edge computing, the shift towards virtualization and software-defined networking (SDN), and the growing demand for low-latency applications. Key trends include greater network automation, the growth of network slicing for customized services, the expansion of private 5G networks, the rise of network security as a service (SECaaS), and the convergence of telecommunications and IT infrastructures.

What Are the Key Drivers Behind the Growth of the Next-Generation Network Market?
The growing penetration of 5G technology is expected to accelerate the expansion of the next-generation network market. 5G, the fifth generation of mobile network technology, offers superior data speeds, lower latency, enhanced capacity, and greater support for various applications and connected devices than its predecessors. The adoption of 5G is driven by increasing demand for high-speed connectivity, advancements in emerging technologies, and competitive pressures among telecommunications firms and mobile network operators. The widespread implementation of 5G technology is accelerating the development and deployment of next-generation networks, which facilitate advanced services, support technological innovations, and foster growth across multiple industries. For instance, in September 2023, 5G Americas, a U.S.-based industry trade organization, reported that North America had 151 million 5G connections and 496 million LTE connections in Q2 2023, with projections reaching 669 million by 2028. Thus, the growing adoption of 5G technology is fueling the next-generation network market.

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Who Are the Major Industry Players Fueling Next-Generation Network Market Expansion?
Major companies operating in the next-generation network market are Samsung Electronics Co. Ltd., Microsoft Corporation, AT&T Inc., Huawei Technologies Co. Ltd., IBM Corporation, Oracle Corporation, Cisco Systems Inc., Broadcom Inc., Infradata Group, NEC Corporation, Nokia Corporation, ZTE Corporation, Hewlett Packard Enterprise Development LP, Juniper Networks Inc., Ciena Corporation, Mavenir Systems Inc., Tata Communications Limited, AsiaInfo Technologies Limited, ADTRAN Inc., EXFO Inc., Ascom Holding AG, Extreme Networks, Inc., AVOTUS Corporation, TelcoBridges, TELES AG, KPN International B.V.

Which Key Developments Are Influencing the Next-Generation Network Market?
Major companies in the next-generation network market are developing innovative products with advanced technologies, such as HPE Aruba Networking Central, to boost profitability. This cloud-native network management solution enables next-generation networks to meet increasing demands for speed, reliability, and scalability. For instance, in April 2023, Hewlett Packard Enterprise, a US-based IT company, launched HPE Aruba Networking Central. This solution streamlines network operations and enhances productivity for enterprise IT teams by leveraging artificial intelligence for IT operations (AIOps) to reduce manual tasks. It features an operator-friendly design, time-travel capabilities for network recovery, multi-layer topology visualization, intelligent assurance indicators, and AI-driven insights for root cause analysis and recommendations.

How Is the Segmentation of the Next-Generation Network Market Defined?
The next-generation network market covered in this report is segmented -

1) By Offering: Software, Hardware, Services
2) By Application: Internet, Video, File Sharing And Web Data, IPTV And Video On Demand, Gaming, Other Applications
3) By End User: Internet Service Providers, Telecom Service Providers, Government, Other End Users

Subsegments:
1) By Software: Network Management Software, Network Automation Software, Security Software, Analytics And Monitoring Software, Orchestration Software
2) By Hardware: Routers, Switches, Firewalls, Servers, Network Interface Cards (NICs), Optical Network Equipment
3) By Services: Professional Services (Consulting, Integration), Managed Services, Cloud Services, Support And Maintenance Services

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What Is the Leading Region in the Next-Generation Network Market?
Asia-Pacific was the largest region in the next-generation network market in 2024. The regions covered in the next-generation network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Next-Generation Network Global Market Report?

- Market Size Analysis: Analyze the Next-Generation Network Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Next-Generation Network Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Next-Generation Network Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Next-Generation Network Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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