The Next-Generation Network Market was valued at USD 20.20 billion in 2017 and is projected to reach USD 32.81 billion by 2023, at a CAGR of 7.0% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 2018–2023. This report provides a detailed analysis of the NGN market based on offering, end user, application, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leader.
The research methodology used to estimate and forecast the NGN market begins with capturing investment in the NGN sector through secondary research. Secondary sources referred to this research study include government sources, industry associaton publications, International Telecommunication Union, GSM Association, World Economic Outlook, trade websites, Hoovers, Bloomberg Businessweek, Factiva, OneSource, World Bank data, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. The bottom-up procedure has been employed to arrive at the overall size of the NGN market from the revenues of key players in the market. After arriving at the overall market size, the overall market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents has been depicted in the below figure.
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The NGN market has been segmented on the basis of offering into hardware, software, and services. The software held the highest growth rate; whereas hardware held the major share of the NGN market during 2018–2023. Software focuses on making the network responsive and flexible in terms of scaling up according to the network requirement. It allows network operators to make changes quickly in their network through a centralized control system according to the rate at which data traffic increases or decreases.
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Key Target Audience:
- Component manufacturers and distributors
- SDN and NFV providers
- Professional service providers
- Network equipment manufacturers
- End-user verticals (telecom service providers, internet service providers, and government)
- Analysts and strategic business planners
- Research organizations
- Associations, organizations, and alliances related to NGN
“This study answers several questions for stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”
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