Next-Generation Network Market Poised to Hit $50.19 Billion by 2029 with Accelerating Growth Trends

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Next-Generation Network Market Size Growth Forecast: What to Expect by 2025?
There has been a robust growth in the market size of the next-generation network in the past few years. The market is projected to expand from $33.12 billion in 2024 to $35.87 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. The historical growth rate can be credited to factors such as a rise in data usage, a need for greater bandwidth, the proliferation of smartphones and mobile devices, and changes in regulations.

How Will the Next-Generation Network Market Size Evolve and Grow by 2029?
The market size for the next-generation networks is predicted to experience significant expansion in the upcoming years. By 2029, it is forecasted to expand to $50.19 billion, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth within the forecasted period include the deployment and acceptance of 5G, the surge of internet of things (IoT), integration of edge computing, virtualization and the demand for software-defined networking (SDN), as well as low-latency applications. Notable trends for this period also comprise the rise in network automation, growth in network slicing to tailor services, the development of private 5G networks, the emerging network security as a service (SECaaS), and the merging of telecommunications and IT infrastructure.

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What Drivers Are Propelling the Growth of Next-Generation Network Market Forward?
The ongoing increase in 5G adoption is anticipated to stimulate the expansion of the next-generation network market in the future. 5G is the term given to the latest iteration of mobile networking technology, offering superior data transmission rates, reduced latency, broader capacity, and compatibility for a variety of apps and connected devices in contrast to older generations. The adoption of 5G is attributed to the growing necessity for high-speed connections, the advent of novel technologies, and competition among telecom firms and mobile network operators. The growing impact of 5G technology fast-tracks the creation and roll-out of next-generation networks to cater to advanced services, aid emerging technologies, and promote innovation in a multitude of sectors. For instance, 5G Americas, a trade organization based in the US, reported in September 2023 that North America had established 151 million 5G and 496 million LTE connections in the 2nd quarter of 2023 and it is expected to escalate to 669 million by 2028. As a result, the proliferation of 5G is steering the progress of the next-generation network market.

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Which Emerging Trends Are Transforming the Next-Generation Network Market in 2025?
The primary players in the next-generation network market are concentrating on creating innovative products featuring cutting-edge technologies, like HPE Aruba Networking Central, in order to boost their market profits. HPE Aruba Networking Central plays a pivotal role in equipping next-generation networks to satisfy the escalating requirements for speed, reliability, and scalability in the current digital age. For instance, in April 2023, Hewlett Packard Enterprise, an IT company based in the US, launched HPE Aruba Networking Central. This is a cloud-native network management solution tailored to streamline network operations and enhance workforce productivity within the enterprise IT sector. By harnessing artificial intelligence for IT operations (AIOps), it minimizes manual work, freeing up networking teams to concentrate on more imperative projects. The platform includes an operator-oriented design, time-travel features for network retrieval, multi-layer topology visualization, intelligent assurance indicators, and AI-driven insights for root cause analysis and suggestions.

What Are the Key Segments in the Next-Generation Network Market?
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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Who Are the Key Players Shaping the Next-Generation Network Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.

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