AI In Networks Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
AI In Networks Market is segmented By Component (Hardware, Software, Services), By Deployment (Cloud, On-premises), By Technology (Machine Learning, N....
AI In Networks Market Size
Market Size in USD
CAGR15.7%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 15.7% |
| Market Concentration | Medium |
| Major Players | Arista Networks, Inc., Broadcom, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Nokia |
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AI In Networks Market Analysis
The Global AI In Networks Market is estimated to be valued at USD 11.5 Bn in 2024 and is expected to reach USD 24.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
The market is expected to witness significant growth during the forecast period. The growth of this market can be attributed to various factors such as rising adoption of AI-enabled network devices across different industry verticals to enhance network operations and optimize network resources. Enterprises are increasingly implementing AI-powered networking solutions to monitor and analyze network traffic patterns, predict network failures, and automate network operations. The increasing need to enhance customer experience while reducing operation costs is also driving the demand for AI solutions in networking domain. Moreover, increasing investments by networking giants to develop human-like cognitive capabilities in networks is anticipated to boost innovation and fuel adoption of advanced AI networking technologies during the forecast period.