Next Generation Network Equipment Market Outlook Indicates Strong Revenue And CAGR Growth Through 2029
What Is The Comparative Market Size Outlook For The Next Generation Network Equipment Market Over The 2025–2029 Timeframe?
The next generation network equipment market size has grown strongly in recent years. It will grow from $35.32 billion in 2024 to $37.59 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing demand for high-speed connectivity, proliferation of connected devices, evolving communication standards, growing data traffic, need for improved network security.
The next generation network equipment market size is expected to see strong growth in the next few years. It will grow to $49.93 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. 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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What Significant Demand Drivers Are Anticipated To Influence The Next Generation Network Equipment Market Over The Coming Years?
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, in October 2023, according to the International Telecommunication Union, a Switzerland-based agency of the United Nations, around 67 percent of the global population, equivalent to 5.4 billion people, is now online, marking a 4.7 percent increase since 2022. Therefore, the growing need for high-capacity Internet Protocol (IP)-based networks is driving the growth of the next-generation network equipment market.
What Segment Divisions Provide The Most Valuable Insights Into The Next Generation Network Equipment Market?
The next generation network equipmentmarket 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
Subsegments:
1) By High-Fiber Copper Cables, Copper Cables, Fiber Optic Cables
2) By Broadband Wireless: 4G LTE, 5G Technology, Wi-Fi 6 (802.11ax), Other Wireless Technologies
3) By Broadband Devices Over Power Lines: Powerline Communication (PLC) Adapters, Broadband Powerline Modems, Powerline Networking Equipment
What Current Industry Trends Are Affecting The Performance Of The Next Generation Network Equipment Market?
Major companies operating in the next-generation network equipment market are increasing their focus on developing advanced solutions, such as an Amdocs Network Inventory, to gain a competitive edge in the market. It is an advanced cloud-agnostic network inventory solution that is a comprehensive software platform capable of managing and tracking network resources across various cloud environments without being tied to any specific cloud provider. For instance, in June 2023, Amdocs, a US-based company that provides software and services, launched the Amdocs Network Inventory. This platform features AI-driven automation, cloud-agnostic support, and end-to-end visibility, enhancing network operations and facilitating faster time-to-market. This platform signifies a technological shift towards intelligent and automated network management solutions, providing service providers with the capabilities to navigate complex network operations, meet evolving demands, and maintain competitiveness in the next-generation network equipment market.
Who Are The Key Companies Actively Operating Within The Next Generation Network Equipment Market?
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
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Which Regions Are Generating The Highest Demand Within The Next Generation Network Equipment Market?
North America was the largest region in the next generation network equipment market in 2024. 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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