The Next Generation Network (NGN) Equipment Market refers to the market for the hardware and software components used in the deployment and operation of next-generation networks. NGN is an evolving network architecture that combines traditional telecommunications infrastructure with Internet Protocol (IP)-based technologies to deliver advanced communication services.
The global next generation network (NGN) equipment market is expected to be worth US$ 65,788 million by 2032, up from US$ 29,544 million in 2022, growing at an 8.3% CAGR over the forecast period.
The next-generation network (NGN) equipment manufacturers are focusing on designing equipment that are affordable, and offer flexible, and scalable solutions and deliver the functionality needed in the equipment.
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To meet the growing demand for IP services among the consumers which consume huge amount of bandwidth with every passing day, system manufacturers are continuing to invest in next generation packet-based network elements. This factor acts as one of the prime opportunities for the (NGN) equipment designing vendors in the coming years.
Global Next Generation Network (NGN) Equipment Market: Drivers and Challenges
Rapid technological innovation is a prime factor which is driving the growth in telecommunication industry. A key innovation is transformation from circuit-based public switched telecommunication network to packet-based network using internet protocols which is known as next generation networks (NGN).
This transformation includes shifting from traditional copper wire to optical fiber cables that offers high speed services. NGN offers several features to support data and voice communication services that encourages adoption of advanced services among consumers. This factor is expected to positively impact the next generation network (NGN) equipment market during the forecast period.
The challenges faced by the next generation network (NGN) equipment manufacturers include Ensuring complete compliance and internetworking with a broad range of IPv4, MPLS, IPv6, metro Ethernet and networking standards. Leveraging software investments across diverse hardware platforms in the rapid evolution in market requirement.
Delivering packet-based software on time to address requirements for NGN equipment. These factors are expected to act as a challenge to the growth in revenue of global next generation network (NGN) equipment market.
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Global Next Generation Network (NGN) Equipment Market: Competition Landscape
Some of the key players for next generation network (NGN) 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., and Qualcomm Incorporated.
Key Segments
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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