Next-Generation Network Market Anticipated To Witness Robust Growth, Surpassing $50.19 Billion By 2029

The Next-Generation Network 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 Current Next-Generation Network Market Size and Its Estimated Growth Rate?
The market size of the next-generation network has seen robust growth in recent times. It is projected to increase from $33.12 billion in 2024 to $35.87 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.3%. Factors such as escalating data usage, the need for greater bandwidth, the rise of smartphones and mobile devices, and regulatory alterations contributed to the growth in the historical period.

Anticipations suggest a robust expansion of the next-generation network market over the coming years. The market is set to escalate to $50.19 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.8%. This projected growth during the forecast period is likely driven by factors such as the rollout and acceptance of 5G, the widespread use of the internet of things (IoT), the implementation of edge computing, virtualization, and software-defined networking (SDN), as well as the need for applications with low-latency. Forecast period trends incorporate an increased focus on network automation, the growth of network slicing for personalized services, the development of private 5G networks, the emergence of network security as a service (SECaaS), and the merging of telecommunication and IT infrastructure.

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How Are Emerging Segments Shaping the Next-Generation Network Market Landscape?
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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Which Growth Factors Are Influencing Next-Generation Network Market Expansion?
The burgeoning impact of 5G stands to boost the progress of the next-generation network industry significantly. Essentially, 5G is the fifth iteration of mobile network tech, offering unparalleled data transfer speeds, reduced latency, broader capacity, and support for a variety of applications and devices compared to its predecessors. The surge of 5G's influence can be attributed to the growing demand for ultra-fast connectivity, the dawn of novel technologies, and competitive interplay among telecom companies and mobile network operators. The escalating significance of 5G serves to expedite the development and roll-out of cutting-edge networks, enabling the provision of sophisticated services, backing emerging technologies, and fostering innovation across several sectors. For instance, 5G Americas, an industry trade organization situated in the US, reported in September 2023 that North America boasted 151 million 5G and 496 million LTE connections in the second quarter of 2023, expected to surge to 669 million by 2028. Hence, the surging 5G impact advances progress in the next-generation network market.

Who Are the Dominant Players Across Different Next-Generation Network Market Segments?
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.

What Are the Latest Developing Trends in the Next-Generation Network Market?
Leading enterprises in the next-generation network market are zeroing in on the development of groundbreaking products with high-end technologies, like HPE Aruba Networking Central, to boost their market profits. HPE Aruba Networking Central plays an instrumental role in empowering next-gen networks to cater to the escalating requirements for speed, dependability, and scalability in the digital age. For example, Hewlett Packard Enterprise, an information technology corporation based in the US, launched HPE Aruba Networking Central in April 2023. This cloud-native network management tool is engineered to streamline network operations and heighten productivity for corporate IT teams. It utilizes artificial intelligence for IT operations (AIOps) to diminish manual work, giving networking teams the opportunity to concentrate on more strategic initiatives. The platform offers an operator-focused design, network recovery through time-travel functions, visualization of multi-layer topology, intelligent assurance markers, and AI-driven insights for determining root causes and providing recommendations.

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Which Geographic Regions Are Expected to Dominate the Next-Generation Network Market in the Coming Years?
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.

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

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