The next generation network equipment market size is expected to see strong growth in the next few years. It will grow to $48.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to 5G network deployment, rise of virtualization and software-defined networking (SDN), demand for low-latency applications, increasing focus on network automation, demand for scalable and flexible network infrastructure. Major trends in the forecast period include edge computing proliferation, adoption of open rans (radio access network), growth of multi-access edge computing (MEC), emergence of network-as-a-service (NAAS) models, utilization of artificial intelligence for network management.
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Segmentation & Regional Insights
The next generation network equipment market covered in this report is segmented –
1) By Type: High-Fiber Copper Cables, Broadband Wireless, Broadband Devices Over Power Lines
2) By Applications: File Sharing, Internet Video, IPTV (Internet Protocol Television) And Video on Demand, Gaming, Web Data
3) By End-Users: Internet Service Provider, Telecom Service Provider, Government, Other End-Users
North America was the largest region in the next generation network equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next generation network equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing need for high-capacity internet protocol (IP)-based networks is expected to propel the growth of the next-generation network equipment market going forward. High-capacity internet protocol (IP)-based networks refer to advanced communication infrastructures with increased bandwidth and data-carrying capacity to efficiently handle large volumes of digital information. Next-generation network equipment is crucial in meeting the growing demand for high-capacity Internet Protocol (IP)-based networks by providing advanced infrastructure and technologies to efficiently handle increasing data traffic and support emerging applications and services. For instance, according to the World Development Report 2021, published by the World Bank Group, a US-based collection of five international organizations that provide leveraged loans to developing countries, the yearly total internet traffic is projected to increase by about 50% from 2020 levels to reach 4.8 zettabytes by 2022, equivalent to 150,000 GB per second. Therefore, the growing need for high-capacity Internet Protocol (IP)-based networks is driving the growth of the next-generation network equipment market.
Key Industry Players
Major companies operating in the next generation network equipment market are Samsung Electronics, Verizon Communications Inc., AT&T Inc., Huawei Investments and Holding Co. Ltd., IBM Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Hewlett Packard Enterprise, Fujitsu, Tata Consultancy Services Limited, Ericsson, Alcatel-Lucent S.A. (Nokia), NEC Corporation, ZTE Corporation, Telstra Corporation Ltd., VMware Inc., Wipro Limited, Tech Mahindra Limited, Juniper Networks Inc., Amdocs, Ciena Corporation, Citrix Systems Inc., F5 Networks Inc., ADTRAN, WebNMS (Zoho Corporation), Elitecore Technologies Pvt. Ltd. (Sterlite Technologies Limited), Macquarie Telecom Group Ltd., TELES AG, Mycom OSI
The next generation network equipment market report table of contents includes:
1. Executive Summary
2. Next Generation Network Equipment Market Characteristics
3. Next Generation Network Equipment Market Trends And Strategies
4. Next Generation Network Equipment Market – Macro Economic Scenario
5. Global Next Generation Network Equipment Market Size and Growth
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31. Next Generation Network Equipment Market Other Major And Innovative Companies
32. Global Next Generation Network Equipment Market Competitive Benchmarking
33. Global Next Generation Network Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Next Generation Network Equipment Market
35. Next Generation Network Equipment Market Future Outlook and Potential Analysis
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