New Product Launches, to Achieve Growth in the Global Intelligent Network Market.
An intelligent network refers to AI-enabled networking operations. To make networking operations more agile and streamlined, companies have shifted their focus to AI and machine learning. The networking industry has witnessed tremendous growth in data consumption, invariable traffic flow, number of end-users, and use of resources. Preemptive and proactive services play a vital role in managing such scenarios, which has resulted in a transitional shift toward technological developments that are in line with network monitoring. MarketsandMarkets expects the global intelligent network market size to grow from USD 3.01 billion in 2018 to USD 9.99 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period.
The traditional and emerging market players include Cisco Systems (US), Huawei Technologies (China), Ericsson (Sweden), Tech Mahindra Limited (India), Aruba Networks (US), Nokia Corporation (Finland), Juniper Networks (US), Colt Technology Services (UK), Netcracker Inc. (UK), Sandvine (Canada), Loom Systems (US), Aricent, Inc. (US), Ennetix, Inc (US), Aria Networks (UK), ExtraHop Networks (US), Entuity, Ltd (UK), APCON, Inc (US), Mist Systems (US), BluVector (US), Nitro Mobile Solutions, LLC (US), Netrolix LLC (US), Darktrace (UK), Flowmon Networks (Czech Republic), Balbix Inc (US), and BOCO Inter-Telecom Co. Ltd (China).These players have adopted various growth strategies, such as partnerships, collaborations, agreements, acquisitions, and new product launches, to achieve growth in the global Intelligent Network market.
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Huawei is one of the market leaders in enterprise application software. The company has adopted a balanced growth strategy that includes developing new and innovative enterprise solutions, forming partnerships and collaborations, undertaking mergers and acquisitions, and conducting business expansions. For instance, in 2017 and 2018, the company launched Intent-Driven Network Solution and All-Intelligent Network, respectively.
Aruba is a pioneer vendor of enterprise mobile solutions and services. The company is also following the horizontal integration strategy by launching new products and services. The company launched NetInsight which has AI capabilities used for network performance and monitoring. As part of its inorganic growth strategy, in March 2018, Aruba acquired Cape Networks, a company based in Cape Town, South Africa, for expanding AI-powered analytics and assurance capabilities.
Related Reports:
Intelligent Network Market by Application (Information Cognition, Traffic Prediction and Classification, Resource Management, Performance Prediction, and Configuration Extrapolation), End-user, Enterprise Size, and Region - Global Forecast to 2023
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