News provided byMarketsandMarkets
Aug 13, 2024, 10:01 ET
CHICAGO, Aug. 13, 2024 /PRNewswire/ — The global AI in Networks market is expected to be valued at USD 10.9 billion in 2024 and is projected to reach USD 46.8 billion by 2029 and grow at a CAGR of 33.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growing adoption of 5G, IoT, connected devices, and advanced security solutions creates new avenues for AI in network applications. Advanced cybersecurity systems are being utilized to identify real-time threat detection. The heightened focus on cybersecurity drives the demand for AI in the networks market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131514910
Browse in-depth TOC on “AI in Networks Market”
199 – Tables
60 – Figures
283 – Pages
AI in Networks Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2024 | $ 10.9 billion |
| Estimated Value by 2029 | $ 46.8 billion |
| Growth Rate | Poised to grow at a CAGR of 33.8% |
| Market Size Available for | 2020–2029 |
| Forecast Period | 2024–2029 |
| Forecast Units | Value (USD Million/Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Offering, Function, Technology and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
| Key Market Challenge | Rapid change in the technology landscape |
| Key Market Opportunities | Increasing prevalence of smart city initiatives |
| Key Market Drivers | Rising adoption of 5G technology |
The AI in networks market for AI networking platforms will hold the highest CAGR during the forecast period.
AI networking platform is expected to hold the highest CAGR during the forecast period. The growth is primarily driven by the demand for a single platform to automate network management tasks. The platform uses AI and ML technology to identify anomalies, manage traffic, and increase operational efficiency while minimizing errors. It also detects equipment failures by analyzing historical data for scheduled maintenance. Additionally, AI networking platforms work efficiently with existing infrastructure and ensure infrastructure interoperability without the need for new hardware and software.
The AI in networks market for Gen AI technology to hold the highest CAGR during the forecast period
The AI in networks market for Gen AI technology is expected to grow at the highest CAGR during the forecast period. Gen AI helps telecom operators optimize network resource distribution, enabling the efficient operation of telecom services. It also helps predict equipment failure patterns based on historical data to schedule maintenance and minimize downtime. Additionally, Gen AI helps telecom operators manage and optimize vast traffic data to detect potential fraud and security breaches. Telecom operators can use Gen AI in networks to secure their network operations and customer data.
The AI in networks market for the data center end-use industry is expected to hold the highest CAGR during the forecast period.
The AI in networks market for the data centers end-use industry is expected to hold the highest CAGR during the forecast period. Data centers utilize AI-driven networking solutions for resource management, such as dynamic bandwidth allocation, computing power, and storage. This helps data centers reduce operational costs and increase performance. Additionally, AI-driven networks help automate various network management tasks in data centers, from system updates to traffic routing. These factors contribute to the significant demand for AI network solutions in data centers.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=131514910
The AI in networks market for Asia Pacific to hold the highest CAGR during the forecast period
The AI in networks industry in the Asia Pacific region is expected to hold the highest CAGR during the forecast period. Rapid industrialization, technological advancements, and significant growth in internet and mobile penetration primarily drive the growth in Asia Pacific. Countries like China, Japan, India, and South Korea are investing heavily in digital infrastructure developments in the region. Additionally, various countries in the region have AI strategies in place, offering investment, regulatory support, and incentives for the development of AI-driven network solutions.
Key Players
The AI in networks companies includes significant Tier I and II players like NVIDIA Corporation, Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), and others. These players have a strong market presence for AI in networks across various North America, Europe, Asia Pacific, and RoW countries.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=131514910
Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports:
Network Switches Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Fixed Configuration Switches, Modular Switches), End User, Switching Port (100 MBE & 1 GBE, 2.5 GBE & 5 GBE, 10 GBE, 25 GBE & 50 GBE, 100 GBE, 200 GBE & 400 GBE) and Region – Global Forecast to 2028
Data Center Switch Market by Type (Core, Distribution, and Access), Technology (Ethernet, Fiber Channel, and InfiniBand), End User (Enterprise, Telecom, Government, and Cloud), Bandwidth, and Geography – Global Forecast to 2023
Network Monitoring Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Equipment, Software & Services), Bandwidth (1&10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, InfiniBand), End User and Geography – Global Forecast to 2027
Silicon Photonics Market (SiPh) Size, Share, Statistics and Industry Growth Analysis Report with Recession Impact Analysis by Product (Transceivers, Switches, Sensors), Application (Data Centers & High-Performance Computing, Telecommunications), Waveguide, Component and Geography – Global Forecast to 2028
Optical Interconnect Market by Product Category (Cable Assemblies, Connectors, Optical Transceivers), Interconnect Level, Fiber Mode, Data Rate, Distance, Application (Data Communication, Telecommunication), Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-networks-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/ai-in-networks.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
SOURCE MarketsandMarkets