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Cognitive Network Market Share

Report ID: GMI9924
Published Date: Jun 2024
Report Format: PDF

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Cognitive Network Market Share

Ericsson, IBM Corporation, and Nokia Corporation. hold a significant market share of 43%. Companies are creating demand in the market with efforts and strategies to meet evolving business needs. Leaders such as Cisco, Ericsson, and Huawei are investing in AI-powered solutions for network automation, predictive analytics, and enhanced security. These efforts are aimed at improving network performance, reducing operating costs, and providing a better experience for users in the face of increasing data traffic and the transition to 5G. By combining advanced AI algorithms and machine learning capabilities, these companies shape the future of telecommunications, expanding to meet today’s digital networking and corporate communication needs.

Cognitive Network Market Companies

Major players operating in the cognitive network industry are:

Cisco Systems, Inc.
IBM Corporation
Juniper Networks, Inc.
Nokia Corporation
VMware, Inc.
Arista Networks, Inc.
Ericsson

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global industry size for cognitive network was valued at USD 2.4 billion in 2023 and is anticipated to register 25% CAGR between 2024 and 2032, driven by increased integration for scalable, responsive network management.

The solution segment in the cognitive network market held 79% revenue share in 2023 owing to the investments in AI-powered tools for network automation, predictive analytics, and self-customization, enhancing telecom operations, 5G, and IoT applications.

North America market held 33% revenue share in 2023 due to investments in AI tools for enhancing 5G, IoT, network performance, and security, driving telecommunications innovation.

Cisco Systems, Inc., IBM Corporation, Juniper Networks, Inc., Nokia Corporation, VMware, Inc., Arista Networks, Inc., and Ericsson.