Next Generation Network Market Share

Statistics for the 2023 & 2024 Next Generation Network market share, created by Mordor Intelligence™ Industry Reports. Next Generation Network share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Next Generation Network Industry

The next-generation network market is highly fragmented, due to the presence of major players like Cisco Systems Inc., Huawei Technologies Co. Ltd, ZTE Corporation, Ciena Corporation, and IBM Corporation. Market players are adopting strategies like acquisitions and partnerships to gain sustainable competitive advantage and enhance their product offerings.

• December 2023 - Huawei stated that its 5.5G Intelligent Packet Core Network offering had accepted the Next-Generation Mobile Internet to support an intelligent 5.5G core network. The company has made these changes in response to the rising necessity for 10 Gbps pipes and network intelligence.

• September 2023 - Nokia expanded its IP router portfolio by introducing the new 7730 Service Interconnect Router (SXR) product family, which brings the service router performance, assurance, security, and sustainability customers rely on from Nokia at the IP edge and core into advanced IP access and aggregation networks. The new platforms’ scale and capabilities make them suitable for smaller/distributed IP edge locations, which addresses the increased capacity and capability demands driven by broadband investments and developing cloud network architectures.

Next Generation Network Market Leaders

  1. Cisco Systems, Inc.

  2. Huawei Technologies Co., Ltd.

  3. ZTE Corporation

  4. Ciena Corporation

  5. IBM Corporation

*Disclaimer: Major Players sorted in no particular order

Next Generation Network Market Concentration

Next Generation Network Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)