The Latin America, Middle East and Africa Intelligent Network Market would witness market growth of 23.1% CAGR during the forecast period (2022-2028).
The market for intelligent networks is expanding due to the use of these networks in communications. Many network processes, including call handling and routing, can be automated using intelligent networks, allowing service providers to swiftly and easily roll out new services to their clientele. Intelligent networks can also deliver real-time information about the network, which helps identify and fix network problems, enhancing network performance and decreasing downtime.
Improvements in AI, ML, and cloud-based services are positively impacting the development of the market. The demand for more effective and environmentally responsible shipping operations is behind the rapid growth of the intelligent network market. As businesses aim to increase productivity and cut costs, the usage of technologies like AI, IoT, and blockchain is spreading throughout the maritime sector.
Furthermore, as they increase the efficiency and transparency of logistics operations, digital platforms for managing supply chains are anticipated to gain more and more traction. The maritime sector also emphasizes carbon footprint reduction and using renewable energy sources in response to the increased emphasis on sustainability. Therefore, the market is anticipated to expand as more businesses and organizations use these technologies to boost productivity, cut costs, increase security, and make the maritime sector more sustainable.
Brazil is switching to 5G wireless internet to better serve developing regions, especially the Amazon. Adopting 5G networks can greatly increase agricultural output, the productivity of Latin American businesses, and the delivery of services like health care, education, and other essentials in rural areas. The plan combines the benefits of incredibly quick 5G networks with new opportunities for Brazilian enterprises to supply network components, generating jobs and increasing the nation's economy. In the coming years, the increasing deployment of 5G technology and provisions that aid in expanding the economy will drive the advancement of the intelligent network market in the region.
The Brazil market dominated the LAMEA Intelligent Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $331.7 million by 2028. The Argentina market is experiencing a CAGR of 23.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 22.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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