The next-generation network market was valued at 20.20 Billion in 2020 and is expected to reach USD 39.35 billion by 2027 witnessing market growth at a rate of 8.1% in the forecast period of 2020 to 2027. Increase in public-private partnerships for NGN developments, demand for high-speed services, and low operational cost are major driving factors for the growth of the market.
The next-generation network (NGN) is a frame of key architectural modifications in telecommunication core and get access to networks. The general concept at the back of the NGN is that one community transports all statistics and services (voice, data, and all sorts of media such as video) by encapsulating these into IP packets, much like those used at the Internet. NGNs are normally built across the Internet Protocol, and therefore the term all IP is also occasionally used to describe the transformation of previously telephone-centric networks closer to NGN. It offers unrestricted access through users to exceptional provider providers. It supports generalized mobility a good way to allow the consistent and ubiquitous provision of offerings to users.
The global next-generation network market is segmented based on offering, application, end-user and regional segments.Telecom service providers industry relies heavily on these tools for providing a better value proposition. Telecom service providers are making an investment in these tools to distinguish their service offering in a competitive market and drive profitable revenue growth.
Key players operating in the Next Generation Network Market, Cisco Systems Inc., Juniper Network Inc., IBM Corporation, Huawei, Ericsson, Nokia, Samsung Electronics, VMware Inc., M2 Telecommunication Group, Oracle Corporation, Citrix Systems Inc., F5 Networks Inc., Alcatel-Lucent SA, AT&T Inc., Macquarie Telecom Group Ltd., Telstra Corporation Ltd., Hewlett Packard Enterprise, ADTRAN, TelcoBridges, Ciena Corporation, and TELES.
The next-generation network (NGN) is a frame of key architectural modifications in telecommunication core and get access to networks. The general concept at the back of the NGN is that one community transports all statistics and services (voice, data, and all sorts of media such as video) by encapsulating these into IP packets, much like those used at the Internet. NGNs are normally built across the Internet Protocol, and therefore the term all IP is also occasionally used to describe the transformation of previously telephone-centric networks closer to NGN. It offers unrestricted access through users to exceptional provider providers. It supports generalized mobility a good way to allow the consistent and ubiquitous provision of offerings to users.
The global next-generation network market is segmented based on offering, application, end-user and regional segments.Telecom service providers industry relies heavily on these tools for providing a better value proposition. Telecom service providers are making an investment in these tools to distinguish their service offering in a competitive market and drive profitable revenue growth.
Key players operating in the Next Generation Network Market, Cisco Systems Inc., Juniper Network Inc., IBM Corporation, Huawei, Ericsson, Nokia, Samsung Electronics, VMware Inc., M2 Telecommunication Group, Oracle Corporation, Citrix Systems Inc., F5 Networks Inc., Alcatel-Lucent SA, AT&T Inc., Macquarie Telecom Group Ltd., Telstra Corporation Ltd., Hewlett Packard Enterprise, ADTRAN, TelcoBridges, Ciena Corporation, and TELES.
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