The global next generation network equipment market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing preference to customer satisfaction and rising profit margin.
A next generation network (NGN) can be defined as a packet-based telecommunications network, which handles numerous types of traffic, such as multimedia, data, and voice. It is a common yet special core network for services and connectivity of all kinds. It gives customers unrestricted access to a variety of service providers and encourages universal accessibility, allowing users to receive services that are both reliable and omnipresent. Due to this, there is enhanced network management and efficient revenue generation.
The COVID-19 outbreak has brought negative impact on the market. Due to the lockdown imposed by governments globally, manufacturing and delivery units have been affected, which is likely to hamper the NGN market growth. The market is expected to recover soon as several industries resumed their operation owing to subsiding the COVID cases gradually worldwide.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid technological innovation in the NGN sector for better communication network is one of the key factors driving the market growth.
- Upgradation in infrastructure for NGN platform is expected to boost the market growth in the coming years.
- Ensuring complete compliance and networking standards as per governments regulations is anticipated to hamper the market expansion during the forecast period.
- Delivering packet-based software on time to registered address requirements for NGN related equipment present a major challenge. This is anticipated to hamper the market growth in the projected period.
- Increase in public-private partnerships and investments for NGN developments is projected to create significant growth opportunities for the market in the near future.
Scope of the Report
The report on the global next generation network equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Next Generation Network Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (File Sharing, Internet Video, IPTV & Video on Demand, Gaming, and Web Data) and End-users (Internet Service Provider, Telecom Service Provider, Government, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Tata Consultancy Services Ltd.; LogNet Information Systems PLC; Carillion PLC; Huawei Technologies Co.; Alcatel-Lucent S.A.; Hewlett-Packard Company; Formula Telecom Solutions, Ltd.; Amdocs; Cisco Systems, Inc.; Elitecore Technologies Pvt. Ltd.; WebNMS; Tech Mahindra Ltd.; IBM Corp.; Oracle Corp.; OpenCloud; Mycom OSI; AT&T Inc.; and ZTE Corp.
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Market Segment Insights
IPTV & video on demand segment to grow at a rapid pace
Based on applications, the global next generation network equipment market is segregated into file sharing, internet video, IPTV & video on demand, gaming, and web data. The IPTV & video on demand segment is expected to grow at a rapid pace during the forecast period owing to rising demand by consumers for videos and contents, which is accessible from anywhere. However, the gaming segment is anticipated to hold a key share of the market in the coming years due to technological advancement in games and making it user centric, which is evolving it to be interesting and engaging.
Surge in usage to drive telecom service segment
On the basis of end-users, the market is segmented into internet service provider, telecom service provider, government, and others. The telecom service provider segment is projected to expand at a considerable CAGR during the forecast period attributed to the need to meet high-speed data services demand. On the other hand, the internet service provider segment is anticipated to account for a major market share during the forecast period due to the increase in number of tablet and smartphone users globally.
Asia Pacific to constitute a key market share
In terms of regions, the global next generation network equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the evolving telecom industry and existence of large customer base in the region. However, the market of North America is anticipated to expand at a rapid pace during the forecast period attributed to the ease of adoption for advancement in technology along with the presence of key players across the region.
Segments
Segments Covered in the Report
The global next generation network equipment market has been segmented on the basis of
Applications
- File Sharing
- Internet Video
- IPTV & Video on Demand
- Gaming
- Web Data
End-users
- Internet Service Provider
- Telecom Service Provider
- Government
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Tata Consultancy Services Ltd.
- LogNet Information Systems PLC
- Carillion PLC
- Huawei Technologies Co.
- Alcatel-Lucent S.A.
- Hewlett-Packard Company
- Formula Telecom Solutions, Ltd.
- Amdocs
- Cisco Systems, Inc.
- Elitecore Technologies Pvt. Ltd.
- WebNMS
- Tech Mahindra Ltd.
- IBM Corp.
- Oracle Corp.
- OpenCloud
- Mycom OSI
- AT&T Inc.
- ZTE Corp.
Competitive Landscape
Key players competing in the global next generation network equipment market are Tata Consultancy Services Ltd.; LogNet Information Systems PLC; Carillion PLC; Huawei Technologies Co.; Alcatel-Lucent S.A.; Hewlett-Packard Company; Formula Telecom Solutions, Ltd.; Amdocs; Cisco Systems, Inc.; Elitecore Technologies Pvt. Ltd.; WebNMS; Tech Mahindra Ltd.; IBM Corp.; Oracle Corp.; OpenCloud; Mycom OSI; AT&T Inc.; and ZTE Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
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