Singapore Next Generation Networking Market to Witness 40% CAGR until 2023
Rising
demand for cloud services, increasing network complexities coupled with growing
need for enterprise mobility to drive Singapore next generation network market
through 2023
According to TechSci Research report, “Singapore Next Generation Network Market By Type,
By Deployment Type, By End User, Competition Forecast and Opportunities, 2013-2023’’, Singapore next
generation network market is forecast to grow at a staggering CAGR of more than
40% during 2018 - 2023 owing to the government’s Smart Nation Initiative, rising need to simplify networking
operations coupled with growing demand for enterprise mobility and cloud
services from enterprises and service providers. Moreover, the market is
also expected to grow due to rising demand from telecom service providers to
manage their networks more efficiently in order to provide better services to
their consumers. Furthermore,
growth in Singapore next generation network market can also be attributed to increasing
number of enterprises with multiple offices and need to connect them with
Software Defined Wide Area Network.
Browse 28
market data Figures spread through 81 Pages and an in-depth TOC on
"Singapore
Next Generation Network Market" https://www.techsciresearch.com/report/singapore-next-generation-network-market/3048.html
With growing demand for different types of next
generation network services in Singapore, their deployment is gaining momentum
across various end users. Among all the types, Software Defined Networking
(SDN) accounted for the largest share in 2017 in Singapore next generation network
market as SDN aids in decreasing operational costs and allows networking
professionals to manage the entire networking through a centralized controller.
Cisco Systems Singapore, VMware Singapore Pte. Ltd, Huawei
International Pte. Ltd., and Nokia Solutions & Networks Singapore Pte. Ltd.
are few of the major players operating in Singapore next generation network
market.
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Telecom service providers are the dominating
end users in Singapore next generation network market backed by growing demand for
efficient and effective services, use of general-purpose data center solutions
by telecoms to run their networks and increasing shift towards cloud-based
service delivery and software-driven operations. “With rising demand for cloud-based
services, demand for next generation network solution is also increasing to
provide fast and efficient services to the end users. Moreover, growing need to
simplify the network operations is further pushing the demand for next
generation networks across Singapore. Additionally, rising IoT adoption and
enterprise mobility is expected to further steer growth in Singapore next
generation network market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Singapore
Next
Generation Networking Market By Type, By Deployment Type, By End User, Competition
Forecast and Opportunities, 2013-2023” has evaluated the future growth
potential of Singapore next generation network market and provides statistics
and information on market size, structure and future market growth. The report
offers decision makers superior market intelligence, thereby enabling them
conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with major
drivers, challenges and opportunities in Singapore next generation network
market.
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