Growing Demand For Advanced Communication Infrastructures In Next Generation Network Equipment Market: Key Factor Driving The Growth In The Next Generation Network Equipment Market

The Next Generation Network Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Next Generation Network Equipment Market Size During the Forecast Period?
In recent years, we have seen substantial growth in the market size of next-generation network equipment. It is projected to increase from $35.32 billion in 2024 to $38.09 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.8%. Factors such as the escalating demand for high-speed connectivity, a surge in connected devices, evolving communication standards, a rise in data traffic, and the requirement for enhanced network security have contributed to this growth in the preceding period.

The anticipated expansion of the next generation network equipment market is robust, with expected growth to $52.28 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.2%. Factors promoting growth during this projection phase include deployment of 5G networks, increased prevalence of virtualization and software-defined networking (SDN), burgeoning demand for applications with minimal latency, rising emphasis on network automation, and need for flexible and scalable network infrastructure. Trending waves during the projected time frame encompass the diffusion of edge computing, adoption of open radio access networks (rans), growth in multi-access edge computing (MEC), inception of network-as-a-service (NAAS) models and application of artificial intelligence in network management.

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What Are the High-Growth Segments in the Next Generation Network Equipment Market?
The next generation network equipment market covered in this report is segmented -

1) By Type: High-Fiber Copper Cables, Broadband Wireless, Broadband Devices Over Power Lines
2) By Applications: File Sharing, Internet Video, IPTV (Internet Protocol Television) And Video On Demand, Gaming, Web Data
3) By End-Users: Internet Service Provider, Telecom Service Provider, Government, Other End-Users

Subsegments:
1) By High-Fiber Copper Cables, Copper Cables, Fiber Optic Cables
2) By Broadband Wireless: 4G LTE, 5G Technology, Wi-Fi 6 (802.11ax), Other Wireless Technologies
3) By Broadband Devices Over Power Lines: Powerline Communication (PLC) Adapters, Broadband Powerline Modems, Powerline Networking Equipment

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What Key Drivers Are Expected to Influence Future Next Generation Network Equipment Market Growth?
The next-generation network equipment market's expansion is anticipated to be driven by the rising demand for high-capacity internet protocol (IP)-based networks. These networks entail cutting-edge communication systems that boast enhanced bandwidth and data-carrying ability, equipped to effectively manage substantial amounts of digital data. The necessity for such high-capacity IP-based networks is fulfilled by next-generation network equipment, which furnishes innovative infrastructure and technologies designed for efficiently managing burgeoning data traffic and supporting new applications and services. As an example, data from the International Telecommunication Union, a UN agency based in Switzerland, noted that by October 2023, around 67 percent of the world's population - that's 5.4 billion people - had access to the internet, depicting a 4.7 percent surge since 2022. Consequently, this escalating need for high-capacity IP-based networks is propelling the growth of the next-generation network equipment market.

Which Companies Hold the Largest Share Across Different Next Generation Network Equipment Market Segments?
Major companies operating in the next generation network equipment market are Samsung Electronics, Verizon Communications Inc., AT&T Inc., Huawei Investments and Holding Co. Ltd., IBM Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Hewlett Packard Enterprise, Fujitsu, Tata Consultancy Services Limited, Ericsson, Alcatel-Lucent S.A. (Nokia), NEC Corporation, ZTE Corporation, Telstra Corporation Ltd., VMware Inc., Wipro Limited, Tech Mahindra Limited, Juniper Networks Inc., Amdocs, Ciena Corporation, Citrix Systems Inc., F5 Networks Inc., ADTRAN, WebNMS (Zoho Corporation), Elitecore Technologies Pvt. Ltd. (Sterlite Technologies Limited), Macquarie Telecom Group Ltd., TELES AG, Mycom OSI

What Trends Are Driving Growth in The Next Generation Network Equipment Market?
Leading corporations in the next-generation network equipment marketplace are placing greater emphasis on creating advanced offerings, such as the Amdocs Network Inventory, to establish a competitive advantage. The Amdocs Network Inventory is a sophisticated, cloud-independent network inventory solution that offers a complete software platform capable of monitoring and managing network resources in a variety of cloud settings, irrespective of a specific cloud service provider. For example, the Amdocs Network Inventory was launched by Amdocs, a U.S.-based company specializing in software and services, in June 2023. The platform, equipped with AI-driven automation, cloud-agnostic support, and full-scale visibility, augments network operations and promotes faster marketing time. This represents a technological evolution towards smart and automated network management solutions, bestowing service providers with the tools to handle intricate network operations, fulfill changing requirements, and preserve their competitive standing in the next-generation network equipment market.

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What Are the Emerging Geographies for The Next Generation Network Equipment Market Growth?
North America was the largest region in the next generation network equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next generation network equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Next Generation Network Equipment Market?
2. What is the CAGR expected in the Next Generation Network Equipment Market?
3. What Are the Key Innovations Transforming the Next Generation Network Equipment Industry?
4. Which Region Is Leading the Next Generation Network Equipment Market?

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