The Europe Intelligent Network Market would witness market growth of 20.9% CAGR during the forecast period (2022-2028).
The demand for IN is driven by the constantly escalating network complexity, the enormous growth in data generation, and the erratic variations in the data traffic patterns. Corporate networks are coming under more and more strain as users, devices, and applications depend more than ever on the network to connect seamlessly to a broad spectrum of end-user goods.
Organizations are also becoming increasingly interested in cutting-edge management tools as well as new network structures that can primarily use technology like AI and ML to construct an autonomous network. These developments are also altering how businesses depend on their suppliers' and partners' products and services. Major corporations like Cisco Systems assert that the pressure on networks is growing due to the development of data and devices. Moreover, much of network changes are made manually, resulting in operational expenses that are two to three times higher than the network's value. Such issues increase the demand for IN.
Due to rising government initiatives and efforts by significant market companies in this region, the Europe market is anticipated to experience increasing demand throughout the projected period. For instance, SES Water started implementing intelligent technology over its entire water distribution system in March 2022. The company's "self-learning network" highlights issues in each of its 325 district-metered sectors almost immediately so that quick action may be taken to guarantee that customers continue to receive an uninterrupted supply of clean drinking water. Intending to accelerate research & innovation in 5G technology, the European Commission recognized the opportunity presented by 5G early on and established a public-private partnership on the subject (5G-PPP) in 2013. Therefore, the intelligent network market will expand in the region in the coming years.
The Germany market dominated the Europe Intelligent Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,044.1 million by 2028. The UK market is anticipated to grow at a CAGR of 19.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 21.8% during (2022 - 2028).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Information Cognition, Traffic Prediction & Classification, Resource Management & Network Adoption and Performance Prediction & Configuration Extrapolation. Based on End User, the market is segmented into Telecom Service Providers, Cloud Service Providers, Managed Network Service Providers and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Intelligent Network Market is Projected to reach USD 16 Billion by 2028, at a CAGR of 21.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Orange S.A., Tech Mahindra Limited, Juniper Networks, Inc., Nokia Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), NetCracker Technology Corporation (NEC Corporation), Telefonaktiebolaget LM Ericsson, Aruba Networks (Hewlett Packard Enterprise Company) and Colt Technology Services Group Limited.
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