North America > USA Change
Date: 2019-10-23 00:59:15 -0400
Intelligent Network market is expected to propel US$ XX Bn by 2026 with a CAGR of XX% in the forecasting period 2018-2026. An intelligent network is a kind of service independent telecommunications network, which refers to the one being taken out of the switch and placed in the computer nodes and then distributed with the network. It allows the network operator to develop and control services more efficiently. Introducing new capabilities gives the option of customizing services for meeting individual customer’s needs. A few key factors driving the overall market growth of intelligent network includes the advent of new technologies, like 5G, IoT, and cloud, increasing network complications, progress in data volumes, along with changes in network traffic patterns. A few other factors boosting the market growth include separation in between applications where the switching functions handled by the SSP, and the radio control functions being handled by GSM servers. Moreover, functions can be established independently together with the incorporation of the VLR (Visitor Location Register) function. However, lack of proficient skills and expertise to work within the AI-based networking solutions may act as a restraint and hinder the growth of intelligent network market. There has been the large-scale adoption of different solutions among regulated verticals, especially among the developing nations that could provide numerous opportunities in the future for intelligent network market. Among the end-user segment, it is the cloud service providers that is expected to monitor one of the fastest growth rates during the forecast period. The cloud service providers upsurge the number of data centers required to decrease latency and which in turn increases the demand for massive integrated network infrastructure.