Monday, November 21, 2011

North American NGN equipment market to grow at 17.6 percent CAGR over 2010-2014

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Next Generation Network Equipment Market in North America 2010-2014" report to its offering.

One of the key factors contributing to this market growth is the need for faster data transfer through organizational networks. The NGN equipment market has also been witnessing increasing focus on green NGN equipment. However, the rapid evolution of technology and the increasing concern over data security could pose a challenge to the growth of this market.

TechNavio's report, Next Generation Network Equipment Market in North America 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report analyzes the current NGN equipment market landscape in North America and its growth prospects. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market include Cisco Systems, Juniper Network, Huawei Technologies, and Alcatel-Lucent.

An analyst from TechNavio's Networking team, said: "The use of green next generation network (NGN) equipment is an emerging trend in North America. With the advent of high-density computing equipment, power usage has increased drastically. As a result, organizations are concerned about the power consumption levels of networks and are demanding energy-efficient network equipment."

According to the report, one of the main drivers of the NGN Equipment market in North America is the need for faster access to data over the network. With NGN equipment, organizations are able to integrate separate voice and data networks into a much simpler and more flexible network using packet switching and IP protocols. The report also discusses the challenges associated with increasing cost of resources and expertise.

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