Next Generation Network (NGN) Equipment Market is anticipated to grow at a CAGR of over 11% over the forecast period. Increasing preference to rising profit margin and customer satisfaction in telecom service providers are anticipated to drive the next generation network equipment market. The concept of NGN has been initiate and designed for traditional telecom operators to become more than ISP and to operate with the customer needs driven model in order to survive the challenges.
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The key driving factors responsible for the growth of Next Generation Network (NGN) Equipment market :
These services have become popular among service providers for the reason such as the need to deal with customer service and retention, and integration with new IP-based frameworks. NGN provides telecom service providers with tools that would intensify customer experience and loyalty.
Depending on the type of customer, The NGN customer terminal equipment can be an end user terminal device, a gateway for a corporate network, a gateway for a home network or a gateway for a vehicle LAN. NGN customer terminal equipment will be ICT-enabled i.e. services are IT based and connectivity CT based, but with the capability to simulate or emulate the traditional telecom communication services.
For individuals, the customer terminal equipment comprises the end user device or home device. For instance legacy terminals, SIP phones, soft-phones such as a programmed phone on a PC, IP phones with text capabilities, set top boxes, multimedia terminals, and PCs.
For an enterprise, the customer terminal equipment is a gateway which is capable of providing the services being provided today by integrated PBX and company webs separately. For instance, short number dialing, hunting list, webinar, on-line exhibition.
For home networks, the customer terminal equipment comprises the home gateway and home devices which are capable of providing the services being provided today by telephone and home webs separately, for instance short number dialing for each family member, and family news.
Rising demand for new advanced technology for supporting services such as M2M and cloud is expected to propel the growth of the market over the forecast period. Growing number of mobile subscribers are putting further pressure on these systems; thus the network needs to be more scalable, agile, and diversified. 5G will empower new business opportunities by adopting diverse ecosystems in all dimensions.
Telecom service industry depends mostly on NGN equipment’s for providing enhanced value proposition. Telecom services providers have been investing in these equipment’s to differentiate their service offering in heavily competitive market and drive lucrative revenue growth.
Validation of telecom service subscribers through advanced identifiers and hot provisioning will be major drivers for these equipment’s owing to increasing importance of data security and privacy. Customer demand, cost reduction, and competition are the key factors driving telecom sector to evaluate their business support system-operation support system gap and increase their spending to close it.
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The sectors witnessing next-generation data storage at the moment include data centers, automotive, and IT.
The factor catalyzing the market is the fact that information growing by leaps and bounds does require space for storage as well as maintenance.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/next-generation-data-storage-market/request-sample Market Synopsis of Next-Generation Data Storage Market: The next-generation data storage market is segmented based on type, architecture, storage technology, application, and geography.
By architecture, it says object-based, block storage, file-based, and others.
By storage technology, the segmentation goes like All-flash array, hybrid flash array, magnetic tape, and hard disk drive.
By application, it constitutes retail, manufacturing, media & entertainment, healthcare, BFSI, government, telecom & IT, and others.
The global next generation network (NGN) equipment market is anticipated to grow at a CAGR of over 11% over the forecast period.
The concept of NGN has been initiate and designed for traditional telecom operators to become more than ISP and to operate with the customer needs driven model in order to survive the challenges.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/next-generation-network-ngn-equipment-market/request-sample These services have become popular among service providers for the reason such as the need to deal with customer service and retention, and integration with new IP-based frameworks.
For instance, short number dialing, hunting list, webinar, on-line exhibition.
Growing number of mobile subscribers are putting further pressure on these systems; thus the network needs to be more scalable, agile, and diversified.
5G will empower new business opportunities by adopting diverse ecosystems in all dimensions.
