Next-Generation Network

Global Next-Generation Network Market to Reach US$44.1 Billion by 2030

The global market for Next-Generation Network estimated at US$32.3 Billion in the year 2024, is expected to reach US$44.1 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$23.2 Billion by the end of the analysis period. Growth in the Software segment is estimated at 6.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.7 Billion While China is Forecast to Grow at 5.1% CAGR

The Next-Generation Network market in the U.S. is estimated at US$8.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.0 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.8% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Next-Generation Network Market – Key Trends & Drivers Summarized

What Is a Next-Generation Network (NGN) and Why Is It Critical for Modern Communication?

A Next-Generation Network (NGN) is an advanced telecommunications framework designed to handle multiple types of communication services, such as voice, video, and data, over a single network infrastructure. Unlike traditional circuit-switched networks, NGNs leverage packet-switched technology, enabling more efficient use of network resources while delivering faster, higher-quality services. NGNs are critical for modern communication as they support a wide range of services, including high-speed internet, IP telephony, video conferencing, and cloud-based applications. With the convergence of mobile and fixed-line networks, NGNs are designed to support seamless, high-capacity communication in an increasingly connected world. They play a pivotal role in facilitating the growth of the Internet of Things (IoT), 5G, and edge computing.

How Are Technological Advancements Reshaping the Next-Generation Network Market?

The technological landscape of the next-generation network market is evolving rapidly, driven by advancements such as software-defined networking (SDN) and network function virtualization (NFV). These innovations allow network operators to decouple network services from underlying hardware, enabling more flexible and scalable network management. This is particularly crucial in the era of 5G, where low-latency, high-bandwidth communication is required to support real-time applications such as autonomous vehicles, smart cities, and industrial automation. Additionally, the rise of edge computing is driving demand for NGNs that can process data closer to the source, reducing latency and improving response times. The integration of AI and machine learning into NGNs is also allowing for intelligent network management, optimizing traffic flows and improving network resilience.

What Are the Industry and Consumer Trends Impacting the NGN Market?

Consumer demand for high-speed, uninterrupted connectivity is one of the major forces driving the next-generation network market. With the rapid growth of streaming services, cloud computing, and remote work, the need for robust and reliable network infrastructure has never been greater. NGNs are also playing a critical role in the expansion of smart homes and IoT devices, where seamless communication between devices is essential. On the industrial side, sectors such as manufacturing, healthcare, and logistics are increasingly adopting next-generation networks to enable automation, real-time monitoring, and data-driven decision-making. The rollout of 5G is further propelling the NGN market, as telecom providers upgrade their networks to handle higher data volumes and provide faster, more reliable connections.

What Factors Are Driving Growth in the Next-Generation Network Market?

The growth in the next-generation network market is driven by several factors. The widespread deployment of 5G infrastructure is a key driver, as it requires next-generation networks to support the high-speed, low-latency demands of modern applications. Technological advancements in SDN and NFV are enabling more flexible and cost-efficient network management, reducing the need for expensive hardware upgrades. Additionally, the rising demand for cloud-based services, IoT, and edge computing is fueling the need for NGNs that can handle the increased data traffic and provide real-time processing capabilities. Consumer behavior is also shifting toward data-heavy applications such as video streaming and online gaming, which require more robust and scalable networks. Finally, the push for smart cities and autonomous systems is creating demand for NGNs that can support the real-time communication needs of connected infrastructure.

SCOPE OF STUDY:

The report analyzes the Next-Generation Network market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Offering (Hardware, Software, Services); End-Use (Telecom Service Providers, Internet Service Providers, Government)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 18 Featured) -

• Adtran, Inc.
• AT&T, Inc.
• Ciena Corporation
• Cisco Systems, Inc.
• CommVerge Solutions
• Ericsson AB
• Extreme Networks, Inc.
• Hewlett Packard Enterprise Development LP (HPE)
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Infradata BV
• Juniper Networks, Inc.
• KPN International
• NEC Corporation
• Nokia Corporation
• PortaOne, Inc.
• Samsung Electronics Co., Ltd.
• Telcobridges
• TELES AG
• ZTE Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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