News

5G, AI and IoT To Double Network Analytics Market Growth in Near Term

According to a recent study, spending on network analytics, including AI-based products, is predicted to more than double from $1.4 Billion this year to $3.6 billion by 2024, according to a new forecast recently released by Research and Markets, Dublin, Ireland-based research company.

The report,"Network Analytics Market Global Forecast to 2024." states that the rising use of 5G, IoT, AI and cloud are factors expected to create a larger market for network analytics.

As one example of just how 5G will impact the market, the paper quotes Ericsson, the Swedish networking and telecommunications company, which projects that by 2023, the introduction of 5G would increase the mobile data traffic in India by five times.

It also noted that an Intel study projects that IoT will be connected to 200 billion devices by 2020.

The report finds that the complexity of IoT is causing companies to move from traditional network products to AI-powered network analytics solutions that can keep up with the exploding IoT deployments and other new cloud-based technologies.

Besides input from Ericsson and Intel, the report includes research on major global providers of network analytics products including Cisco, IBM, Broadcom, Nokia, Juniper Networks, Huawei, and SAS Institute.

More information on the report is available here.

Featured

  • Architecture Small Graphic

    5G Mobile Tech Highlights Cisco Internet Report

    Blazing mobile connectivity speeds provided by next-gen 5G technology -- up to 13x more than today's average -- are highlighted in Cisco's big new Annual Internet Report, which also warns of bigger and more frequent distributed denial-of-service (DDoS) attacks.

  • EU Proposes Strict Regulations for AI

    The European Union this week unveiled its first proposed regulations for artificial intelligence technology, along with a strategy for handling personal digital data.

  • Google Optical Sensor Algorithm Helps Robots See Clear Objects

    Google's AI group collaborated with researchers at Columbia University and computer vision company Synthesis AI to create ClearGrasp, a machine learning algorithm capable of estimating accurate 3-D data of transparent objects.

  • Eclipse Foundation and IOTA Launch Working Group for Open Source Distributed Ledger Tech

    The Eclipse Foundation has partnered with the IOTA Foundation to form a new Eclipse working group to promote IOTA's open source distributed ledger technology, called the Tangle.