The global intelligent network market is anticipated to grow at a significant rate during the forecast period (2018 – 2024). An intelligent network is a network that delivers precise technical competencies and this system is associated with telecom networks as technological advancements are expanding the proficiencies of his segment beyond facilitation of phone calls. Furthermore, increase in data volume and evolving patterns of data traffic is expected to further drive the growth of intelligent network market across the globe.
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Reduced skill and proficiency in artificial intelligence-based networking is expected to hinder the growth of the intelligent network industry across the globe. Moreover, lack of consciousness among network operators and end-user organization is expected to further hamper the growth of intelligent network market globally.
Globally industry players in the intelligent network market are leveraging market growth through new product development, technological advancements and strategic progressions. Moreover, key players operating in the market are undertaking merger and acquisitions that is effectively contributing towards the increasing demand for solutions in the market.
Geographically, Asia-Pacific is expected to witness fastest growth during the forecast period. The growth of intelligent network market in this region is attributed towards increasing number of service providers of cloud and telecom operators that are expansively depending upon artificial intelligence assisted solutions. Moreover, North America is estimated to generate largest revenue in 2017 and is expected to grow at significant rate during the forecast period. The network intelligent solution in this region is observing rampant growth due to latest technologies such as virtualization of network, deep learning and analytics.
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The intelligent network market is fragmented with the presence of key players such as Cisco, Tech Mahindra, Huawei, Netcracker, Ericsson, Aruba, Netrolix, Nokia, Sandvine, and Ennetix. However, these players are looking for mergers and acquisitions as a strategy to increase their market share.
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