The next-generation network market is expected to grow from USD 21.86 billion in 2018 to USD 32.81 billion by 2023, at a CAGR of 7.0% during the forecast period. Increasing technological advancements, growing IoT, and rising cloud-based services are likely to create huge opportunities for the market players. Increase in public–private partnership (PPP) for NGN development, demand for high-speed services, and low operational cost are the factors driving the next-generation network market.
The key strategy adopted by major players to grow in the NGN market is agreement/contracts/collaborations/partnerships (from January 2015 to March 2018). Cisco (US), ZTE (China), Ericsson (Sweden), Huawei (China), and Nokia (Finland) adopted this strategy.
Cisco is among the global network technology leaders; the company designs and sells advanced products and services. The company offers switching, next- generation network (NGN) routing, data center, wireless, security, and IoT products, along with services including technical support services and advanced services to the customers such as public institutions, private companies, governments, and service providers. Cisco is among the leading NGN infrastructure providers for telecom service providers. The company focuses on R&D investment to provide advanced technology products and services to customers. In March 2018, the Cisco collaborated with du (UAE) to build a future-proof network that will help du to transform into a digital service provider. Cisco will provide 5G network infrastructure to reduce network complexity and meet consumer demand for high-speed network services in the near future.
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Huawei is among the major telecommunications equipment manufacturers. The company provides end-to-end solutions in telecom and enterprise network. The product offering of the company includes SDN controllers, switches, routers, and products related to access networks, broadband systems, GSM-R networking, and others. The company has built over 1,500 networks in collaborations with telecom carrier helping to connect one-third of the world’s population. For instance, in March 2017, Huawei partnered with the Brazilian Network Information Center (NIC.br) to address NIC.br’s next-generation Internet eXchange Point (IXP) network. Huawei provides high density 25G, 40G, and 100G ports, thereby allowing high-speed network access. The company is one of the active members of over 360 standards organizations, industry alliances, and open-source communities.
Huawei focuses on emerging domains including cloud computing, software-defined networking (SDN), network functions virtualization (NFV), and 5G to increase customer base in more than 170 countries. The company offers network products including switches and routers, and services such as enterprise network and data center.
Other companies operating in the NGN market include ZTE (China), Ericsson (Sweden), Nokia (Finland), Juniper Network (US), NEC Corporation (Japan), Samsung Electronics (South Korea), IBM (US), Ciena Corporation (US), Hewlett Packard Enterprise (US), AT&T (US), ADTRAN (US), TELES (Germany), KPN International (Netherlands), Infradata (Netherlands), PortaOne (Canada), TelcoBridges (Canada), CommVerge Solutions (Hong Kong), and Extreme Networks (US).
Next-Generation Network Market by Offering (Hardware, Software, Services), Application, End User (Telecom Service Provider, Internet Service Provider, Government), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2023
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