The next generation network (NGN) equipment market is anticipated to reach USD 65,788 million by 2032, up from USD 29,544 million in 2022, growing at a CAGR of 8.3% during the forecast period. The need for next-generation network technology is growing as traditional telecom operators adopt more strategies than ISP to operate to consumer needs and overcome obstacles.
In developing economies, public and private players are strategically collaborating to forecast growth in the market for next-generation network equipment. The adoption of NGN by small and medium-sized businesses boosts sales of next-generation network hardware. The expansion of the world market for next-generation network equipment is aided by widespread industrialization.
The Next Generation Network (NGN) Equipment Market refers to a rapidly growing industry that involves the development, production, and sale of specialized networking equipment and technologies that are designed to support the next generation of telecommunications networks.
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NGN refers to a series of advanced technologies and protocols that are being developed to support the growing demand for high-speed, reliable, and secure communications in a variety of applications and industries.
The NGN Equipment Market is driven by several factors, including the growing demand for high-speed internet and data services, the increasing adoption of cloud-based technologies, and the need for advanced networking capabilities in industries such as healthcare, finance, and transportation. As a result, the market is expected to continue to grow rapidly in the coming years.
Overall, the NGN Equipment Market is a critical and rapidly evolving industry that plays a key role in enabling the development and implementation of advanced telecommunications and networking technologies across a wide range of applications and industries. With the continued growth of the internet and digital technologies, the demand for high-quality NGN equipment is expected to remain strong in the years ahead.
Leading Key Players:
- 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
Recent Developments:
- In 2013, Ericsson acquired Telcocell and Thailand-based TelOSS consulting, while Amdocs acquired Celicite to increase its product portfolio further into the metal software market.
- In 2014, Huawei, Ericsson, and Nokia Siemens & Network formed a strategic alliance to offer OSS interoperability, which will help operators reduce costs.
- In 2018, Conde-Nest launched its next generation network with a collection of new brands which will help reach new audiences on various platforms.
- In October 2019, Nokia launched the Quillion, which is a new family of chipsets that powers the next-generation massive scale access networks.
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Next Generation Network (NGN) Equipment Market Segmentation:
By Type:
- High-fibre Copper Cables
- Broadband Wireless
- Broadband Devices Over Power Lines
By Application:
- Business
- Industrial
- Hospitals
- Retail Industry
- Corporations
- Lifestyle
By End User:
- Small
- Medium
- Large Enterprises
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- MEA
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