Intelligent Network market is estimated to grow at a CAGR of 23.12% during the forecast period of 2024–2032

MRFR Press Release/- Market Research Future published a half-cooked research report on the global intelligent network market.

Market Highlights

The Global Intelligent Network Market size is expected to reach USD 19.48 billion by 2032, growing at a CAGR of 23.12% during the forecast period 2024-2032.

Intelligent networks increase the service velocity and broaden the range of network services, enabling a multivendor environment which identifies the inadequacies of a traditional system. Additionally, they replace the existing traditional network which is time-consuming. These network solutions provide speedy introduction to new services while providing direct customer response. It is used to manage the functionality of specialized services in a network architecture.

Itential, a provider of intelligent network automation released a low-code modern network automation system named Itential 6.0. This solution possesses the capabilities of supporting data models with DevOps tools and controllers. This solution is expected to witness digital transformation in the current era of network innovation.

Key players

The prominent players in the intelligent network market are Cisco Systems (US), Ericsson (Sweden), Juniper Networks (US), Huawei Technologies (China), Nokia Corporation (Finland), Hewlett-Packard Company (US), Orange S.A. (France), Tech Mahindra Limited (India), Colt Technology Services (UK), Sandvine (Canada), and Netcracker Inc. (UK).

Loom Systems (US), Intential (US), and Aricent, Inc. (US) are among the other players in this market. 

Regional Analysis

The regional analysis of intelligent network market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

Technological advancements and increasing adoption of cloud-based services in North American countries such as the US, Canada, and Mexico is expected to dominate the intelligent network market over the forecast period. Leading providers of intelligent networks such as Cisco Systems, Juniper Networks, Aruba Networks, Netcracker Inc., and others are enhancing the technological architecture and providing network security to the enterprises in the US and other North American countries. Growing adoption of IoT in Asia-Pacific is expected to enhance the businesses and enable the shift of small and medium-sized enterprise and large enterprise to cloud. China, Japan, and India have a vast customer base which is contributing to the growth of Asia-Pacific in the intelligent network market.