How Has the Next Generation Network Market Evolved Historically and What is its Current Size?
The next generation network market has seen considerable growth due to a variety of factors.
• The market size of the next-generation network has significantly expanded in the last few years. The projected growth shows an increase from $33.12 billion in 2024 to $35.87 billion in 2025, which represents a compound annual growth rate (CAGR) of 8.3%.
The increase seen during the historic period is largely due to the rise in data consumption, the need for wider bandwidth, the advent of smartphones and mobile devices, and changes in regulatory measures.
What Is The Projected Growth Of The Next Generation Network Template Market?
The next generation network market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of the next-generation network is anticipated to experience robust growth, with projections estimating it to reach $50.19 billion by 2029, indicating a compound annual growth rate (CAGR) of 8.8%.
This predicted growth over the forecast period can be credited to factors such as the rollout and adoption of 5G, the widespread use of the internet of things (IoT), the incorporation of edge computing, virtualization, and software-defined networking (SDN), alongside the demand for applications with low latency. The forecast period is seen to be characterized by a surge in network automation, the growth of network slicing to provide tailored services, the development of private 5G networks, the emergence of network security as a service (SECaaS), and the merging of telecommunications and IT infrastructure.
What Are The Key Drivers Fueling Growth In The Next Generation Network Market?
The growth of the next-generation network market is projected to be fueled by the increasing prevalence of 5G. As the fifth generation of mobile network technology, 5G offers higher data speeds, reduced latency, greater capacity, and supports many applications and connected devices, surpassing its predecessors. The permeation of 5G is attributable to the surging need for high-speed connectivity, the innovation of new technologies, and competitive maneuvers among telecom firms and mobile network operators. The expanding impact of 5G technology hastens the creation and utilization of next-generation networks to offer sophisticated services, back up burgeoning technologies, and instigate innovation across numerous sectors. For example, in September 2023, 5G Americas, an industry trade organization from the US, reported that North America boasted 151 million 5G connections and 496 million LTE connections in the second quarter of 2023. This figure is predicted to swell to 669 million by 2028. Consequently, the growing penetration of 5G is propelling the next-generation network market.
What Are The Principal Market Segments In The Global Next Generation Network Industry?
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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How Are New Trends Impacting The Size Of The Next Generation Network Market?
Prominent enterprises in the next-generation network market, like HPE Aruba Networking Central, are focusing on new product development with cutting-edge technology to improve profitability. The creation of tools like HPE Aruba Networking Central is pivotal in equipping next-generation networks to satisfy growing needs for speed, dependability, and capacity in the digital age. For example, in April 2023, the US-based IT firm, Hewlett Packard Enterprise, launched HPE Aruba Networking Central, a cloud-based network management system developed to streamline network operations and boost the productivity of enterprise IT teams. The system utilizes artificial intelligence for IT operations (AIOps) to cut down manual tasks, freeing up network teams to concentrate on more high-priority projects. The platform includes a user-friendly design, network recovery time-travel functionalities, multi-level topology visualization, smart assurance indicators, and AI-guided insights for root cause analysis and suggestions.
Who Are the Key Players In The Next Generation Network Market?
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 NetworksInc.
• AVOTUS Corporation
• TelcoBridges
• TELES AG
• KPN International B.V.
What Are The Regional Insights Into 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.
