DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--The "Next-Generation Network Market by Offering (Hardware, Software, Services), Application, End User (Telecom Service Provider, Internet Service Provider, Government), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The next-generation network (NGN) market is expected to grow from USD 21.86 billion in 2018 to USD 32.81 billion by 2023, at a CAGR of 7.0% from 2018 to 2023.

Demand for high-speed services, increase in public-private partnerships for NGN developments, and low operational cost are the major drivers for the NGN market growth, while high infrastructure cost restrains the growth of the NGN market.

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.

In software, a network engineer is able to control data traffic from a centralized control system without having physical access to the network hardware such as routers and switches. It also enables network engineer to deliver network services to any location irrespective of what hardware components are connected to. It also enables prioritizing the data; as a result, the market for software is expected to grow at highest CAGR during the forecast period.

The growth is primarily attributed to increasing demand for high-speed data services and growing technological advancements in IoT and M2M communication. Digitalization has changed the business model for internet service providers. It has increased the need for effective and efficient networks that can handle the high level of network traffic and provide high-speed data services.

Network transformation enables internet service providers to support a variety of automated and professional services to enhance consumer experience. Moreover, NGN reduces OPEX of internet service providers, which is expected to help them provide high-speed data service at a low price.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Next-Generation Network Market, By Offering

7 Next-Generation Network Market, By Application

8 Next-Generation Network Market, By End User

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

Adtran At&T Ciena Corporation Cisco Commverge Solutions Ericsson Extreme Networks Hewlett Packard Enterprise Huawei IBM Infradata Juniper Network Kpn International NEC Corporation Nokia Portaone Samsung Electronics Telcobridges Teles ZTE

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/29/2018 08:34 AM/DISC: 08/29/2018 08:34 AM

http://www.businesswire.com/news/home/20180829005386/en