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.

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.

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.