The global next generation network (NGN) equipment market is forecasted to be approximated at USD 65,788 Million by 2032, up from USD 29,544 Million in 2022, advancing at a CAGR of 8.3% during the forecast period.
| Report Attribute | Details |
|---|---|
| Next Generation Network (NGN) Equipment Market Value (2022) | USD 29,544 million |
| Next Generation Network (NGN) Equipment Market Anticipated Value (2032) | USD 65,788 million |
| Next Generation Network (NGN) Equipment Projected Growth Rate (2032) | 8.3% |
Traditional telecom operators adopting more than ISP to operate according to consumer needs and survive challenges increase demand for next generation network equipment.
Public and private players are collaborating strategically in developing economies promising growth in the next generation of network equipment market trends.
NGN usage amongst small and medium-scale enterprises surges the sales of next-generation network equipment.
Widespread industrialisation aids in the growth of the global next-generation network equipment market.
NGN enables coherent control of multiple transport technologies like asynchronous transfer mode (ATM), time-division multiplexing (TDM), wavelength division multiplexing (WDM), frame relay (FR), etc., via the adoption of next-generation network equipment.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The telecommunication industry is witnessing innovations and surging demand for next generation network equipment. Supporting high-speed, voice, and data services drive next-generation network equipment sales. The adoption of next generation network equipment offers sufficient bandwidth to support increasing data traffic.
An increase in public-private partnership (PPP) for NGN development further propels the next generation network equipment market growth. The reasonably lower operational cost of NGN development expands the next generation network equipment market share. Exponential growth in mobile data traffic and IP increases the adoption of next generation network equipment.
An increasing number of consumers using smartphones and tablets raises the demand for next generation network equipment. NGN advertising partners reach their customers with new and innovative strategies by leveraging the power of the network and escalating the sales of next generation network equipment.
Telecommunication companies providing significant quality and quantity of data via the trend of voice over internet protocol broadens the next generation network equipment market size. Growing demand for faster connectivity, high-speed data transfer with low latency, and highly responsive networks is addressed with the adoption of next-generation network equipment.
Increasing use of services and applications by consumer electronic devices and business usage escalates the demand for next-generation network equipment. Customer terminal equipment providing services by integrated PBX and company webs separately increases demand for next-generation network equipment amongst enterprises.
The rising adoption of convergent billing systems and demand for customer care services extends the next generation network equipment market size. Flexible architecture and the transformation, which includes shifting from traditional copper wire to optical fiber cables offering high-speed services, grow the adoption of next generation network equipment.
Growing upgradation of existing infrastructure with advanced systems expands the next generation network equipment market share. Interesting infrastructural development activities in developing countries are contributing to the next generation of network equipment market growth.
High costs associated with research and development proficiencies curb the sales of next generation network equipment. A rigid regulatory framework in developing economies further obstructs the next generation network equipment market growth.
The reluctance of small service providers to deploy new next-generation technologies hinders the demand for next-generation network equipment. Limitations in large-scale technology and infrastructure further hamper the adoption of next-generation network equipment.
Developing the infrastructure and its high costs impedes the next generation network equipment market share. The slow adoption rate and availability of high-speed technologies in undeveloped countries further obstruct the global next generation network equipment market size.
New entrants or players provoking competition in the market thwarts the sales of next generation network equipment. Low awareness about services offered by NGN challenges the next generation network equipment market growth.
The availability of high-speed wireless networks, digital subscriber lines and power line communication, amongst other technologies, curbs the adoption of next-generation network equipment. Regulatory issues and difficulties in the integration of legacy systems using advanced systems hamper the demand for next generation network equipment.
Principal Consultant
Increasing demand for high-speed multimedia services like VoIP, HDTV and mobility surges the demand for next generation network equipment. The expected change to the concurrent ways of communication in the NGN infrastructure promises growth of the next generation network equipment market share.
R&D activities and investments implemented by government bodies increase demand for next generation network equipment. Mergers, acquisitions, and strategic alliances are critical strategies executed by top market players that boost the adoption of next generation network equipment.
Providing niche services, high support teams, and outstanding customer service provided by vendors further expands the next generation network equipment market share. Increasing data traffic owing to the rise in social media, creating demand for effective and high-capacity IP-based networks, assists in the growth of the next generation network equipment market size.
North America dominates the next-generation network equipment market share with an approximate revenue share of 34.1% in 2022. Owing to rising technological transformations in the manufacturing sector and growing government initiatives to authorise the implementation of artificial intelligence in various applications.
As the primary hub, for all major organisations across the world - the expansion of the retail industry and the growth of IoT are driving demand for next generation network equipment across the globe.
The APEJ (Asia-Pacific excluding Japan) is anticipated to have maximum potential for revenue growth of the global next generation network equipment market size. This is attributed to the increasing infrastructural development activities and enormous potential for network connectivity.
Europe is a growing next generation network equipment market, projecting a share of 25.4% in 2022. Lucrative growth opportunities for the regions in Western Europe owes to the revolution of IT and telecommunication sectors.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Start-up companies are rising to the occasion of helping define the landscape of high performance networking, especially in the business sectors. New companies with new ideas, innovations and strategies are emerging overnight with promises of changing the face of communication for the better.
In the metropolitan segment of the USA particularly - Corvis Corp., Redback Networks Inc., Tenor Networks, Alidian Networks Inc., Astral Point Communications Inc., etc. are anticipated to launch new-product introductions.
Some of the key players of the next generation network equipment market are Wipro Limited, NEC Corporation, Cisco Systems Inc., Cupola Technology, Fujitsu., Verizon Communications, Inc., ZTE Corporation, Ericsson, Huawei Investments and Holding Co. Ltd., Qualcomm Incorporated, Alcatel-Lucent S.A., Hewlett-Packard Company, Formula Telecom Solutions, AT&T Inc., Amdocs, Carillion, Elitecore Technologies, Computer, WebNMS, Tech Mahindra Limited, IBM Corporation, Oracle Corporation, OpenCloud, Mycom, Tata Consultancy Services Limited, LohNet Systems, Corvis Corp., Redback Networks Inc., Tenor Networks, Alidian Networks Inc., Astral Point Communications Inc., VMware Inc., Juniper Network Inc., F5 Networks Inc., M2 Telecommunication Group, etc.
These companies tirelessly work to bring in new innovations for data transfer as usage of smart devices increase amongst the population. Government investment and R&D activities, contribute to the overall market growth.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.3% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Type, Application, End User and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Wipro Limited, NEC Corporation, Cisco Systems Inc., Cupola Technology, Fujitsu., Verizon Communications, Inc., ZTE Corporation, Ericsson, Huawei Investments and Holding Co. Ltd., Qualcomm Incorporated, Alcatel-Lucent S.A., Hewlett-Packard Company, Formula Telecom Solutions, AT&T Inc., Amdocs, Carillion, Elitecore Technologies, Computer, WebNMS, Tech Mahindra Limited, IBM Corporation, Oracle Corporation, OpenCloud, Mycom, Tata Consultancy Services Limited, LohNet Systems, Corvis Corp., Redback Networks Inc., Tenor Networks, Alidian Networks Inc., Astral Point Communications Inc., VMware Inc., Juniper Network Inc., F5 Networks Inc., M2 Telecommunication Group, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The next generation network equipment market is predicted to grow at a CAGR of 8.3% through 2032.
The next generation network equipment market is expected to surpass USD 65,788 Million by 2032.
North America is the leading region of the next generation network equipment due to rising digitization and adoption of innovative technologies.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Equipment Type 5.1. High Fibre Copper Cables 5.2. Broadband Wireless Access Devices 5.3. Broadband Devices over Power Lines 5.4. Mobile Network Devices 5.5. Other Satellite Connecting Devices 6. Global Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Type 6.1. Small Enterprise 6.2. Medium Enterprise 6.3. Large Enterprise 7. Global Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Next Generation Network (NGN) Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Next Generation Network (NGN) Equipment Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Wipro Limited 15.2. NEC Corporation 15.3. Cisco Systems 15.4. Happiest Minds 15.5. Fujitsu 15.6. Verizon Communications 15.7. ZTE Corporation 15.8. Ericsson 15.9. Huawei 15.10. Qualcomm Incorporated 16. Assumptions & Acronyms Used 17. Research Methodology
Explore Technology Insights
View Reports
Next Generation Network (NGN) Equipment Market
