The North America Intelligent Network Market would witness market growth of 20.5% CAGR during the forecast period (2022-2028).
With an IN, functionality can be spread adaptably among several nodes both off and on the network, and the architecture can be changed to regulate the services. Offering additional user services with these networks is simpler since they may divide supplemental services from the call-switching mechanism. These advanced networks can support services like call waiting or call screening as well as more complicated ones like variable pricing, caller ID services, and international messaging by utilizing extra technologies like a Service Management System (SMS) and a Service Control Point (SCP).
Functionality can be spread adaptably among several nodes both off and on the network, and the architecture can be changed to regulate the services. Offering additional user services with these networks is simpler since they may divide supplemental services from the call-switching mechanism. These advanced networks can support services like call waiting or call screening as well as more complicated ones like variable pricing, caller ID services, and international messaging by utilizing extra technologies like a Service Management System (SMS) and a Service Control Point (SCP).
The additional services use the Open Systems Interconnection (OSI) paradigm, ubiquitous to various types of networks, describing how an IN functions with traditional telephony. Because the common telecom system largely implements this model, experts have observed that INs typically work with a solitary layer termed the Intelligent Network Application Part (INAP).
The necessity to integrate and improve technology throughout the pandemic has sped up Canada's digital transition, which was already gathering steam before the pandemic. Soon, expenditures on centralized processing power are expected to increase network performance and resource availability. Yet, throughout this time, there was a huge surge in edge computing and IoT. According to the International Trade Administration, ubiquitous IoT will become the new standard due to enhanced node capabilities and privacy benefits. In addition, IoT devices like sensors, wireless networks, and smart houses are also anticipated to increase alongside edge computing. Hence, the regional intelligent network market will grow rapidly during the forecast period.
The US market dominated the North America Intelligent Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,005.5 million by 2028. The Canada market is poised to grow at a CAGR of 23.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 22.2% 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 U.S., Mexico, Canada, and Rest of North America.
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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