Next-Gen Communication Protocols Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, by End User : Global Opportunity Analysis and Industry Forecast, 2024-2032

Key Market Dynamics 

The market is primarily driven by the increasing demand for high-speed and reliable data transmission in a connected world. As the volume of data being generated and shared continues to grow exponentially, there is a need for communication protocols that can handle this data efficiently and securely. Next-Gen Communication Protocols offer advanced features such as improved data encryption, low latency, and high bandwidth capabilities, making them essential for meeting the demands of modern communication networks. However, main challenges are the complexity of implementing and integrating these advanced protocols into existing systems and infrastructure. Companies may face difficulties in upgrading their networks to support Next-Gen Communication Protocols, which can slow down adoption rates. Additionally, concerns around data privacy and security may also act as a restraint, as organizations need to ensure that these protocols offer robust protection against cyber threats and unauthorized access. On the contrary, the next-gen communication protocols market presents numerous opportunities for growth and innovation. With the rise of technologies such as 5G, IoT, and AI, there is a growing need for communication protocols that can support these advanced applications and devices. Next-Gen Communication Protocols have the potential to revolutionize the way data is transmitted and processed, enabling new possibilities in areas such as smart cities, autonomous vehicles, and telemedicine. By leveraging the capabilities of these protocols, companies can enhance their communication networks, improve operational efficiency, and deliver enhanced user experiences. 

Serial And Parallel Communication Protocals 

In technological devices, serial and parallel communication protocols are crucial for data transmission. While parallel protocols transfer numerous bits simultaneously across different channels, serial protocols transfer data bit by bit over a single channel. Additionally, software tools are essential for guaranteeing error-free and effective data sharing in serial and parallel communication. With the use of these tools, engineers can examine and adjust variables such as timing and transmission rates, resulting in an optimized communication system design that improves accuracy, speed, and dependability across a range of applications.   

Market Segmentation 

The next-gen communication protocols market is segmented into technology, end user and region. On the basis of technology, the market is divided into wireless communication technologies and wired communication technologies. On the basis of end user, the market is divided into telecom, consumer electronics, military and surveillance, enterprise application, automotive and Others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Regional/Country Market Outlook 

The market is expected to witness growth due to the presence of significant technological companies that are driving innovations in communication protocols. The U.S. market is known for its heavy emphasis on R&D, which has sped up the adoption of innovative communication technology. The next-gen communication protocols market is expected to grow significantly in Japan, a nation renowned for its technological strength, driven by a tech-savvy population and a culture of early technology adoption. Similarly, the market for Next-Gen Communication Protocols is expected to grow quickly in the UK, a center of creativity and technology, owing to a robust digital infrastructure and a welcoming regulatory framework. 

• In February 2024, Huawei inspired the education sector to upgrade its infrastructure by unveiling its enterprise-class "AirEngine Wi-Fi 7", the latest generation of Wi-Fi standards solutions that offer a smoother and more reliable wireless network in high-density, high-bandwidth, and low-latency use cases, such as when accessing the metaverse and utilizing Augmented Reality/Virtual Reality (AR/VR) for education. 

• In November 2023, at the 2023 5G Core Summit hosted by Informa, Jeffrey Wu, President of Huawei Packet Core Network Domain, launched the 5.5G-oriented new product — Intelligent UDG. Wu indicated that the next-generation mobile Internet has been undergoing significant service content shifts from 2D to 3D, content production model shifts from manual to smart, and transmission protocol shifts from TCP to QUIC. To adapt to these shifts, Huawei's Intelligent UDG offers ubiquitous 10 Gbit/s transmission rates and complies with multiple protocols including Media over QUIC (MoQ) , achieving an ultimate experience in high bandwidth, high concurrency scenarios and helping operators embrace the 5.5G era with explosive traffic. 

• In February 2022, AT&T used Inteliquent’s (now a Sinch company) Internet Protocol (IP) voice traffic exchange services. This enabled AT&T to exchange end-to-end IP voice traffic with other U.S. service providers connected to Inteliquent’s IPX. IP service providers can also use Inteliquent’s IPX to exchange STIR/SHAKEN compliant traffic with AT&T in an IP format. 

Industry Trends: 

• In February 2024, L&T Technology Services Limited, a prominent global digital engineering and R&D services company, collaborated with AT&T, one of the largest telecommunications companies worldwide, strategic alliance aimed at curbing global emissions. This collaboration utilizes the combined resources and expertise of both companies to develop advanced solutions that can significantly reduce environmental impact. 

• In December 2023, AT&T announced to lead the U.S. in commercial scale open radio access network (Open RAN) deployment. This industry-leading move, in collaboration with Ericsson, will further the telecommunications industry efforts and help build a more robust ecosystem of network infrastructure providers and suppliers. AT&T is expected to spend roughly $14 billion over the 5-year term of the contract with Ericsson. 

• In November 2021, Amdocs, a leading provider of software and services to communications and media companies, announced that AT&T has selected Amdocs’ CES cloud-native platform to support its business support systems evolution (BSSe) program. Amdocs will also provide next-generation cloud operations for BSSe under a long-term agreement. 

Competitive Landscape 

The major players operating in the Next-Gen communication protocols industry include AT&T Inc., Verizon, Huawei Technologies Co., Ltd., Nokia, Qualcomm, Ericsson, NTT DoCoMo, SK Telecom, ZTE Corp., Samsung and so on. 

Recent Key Strategies and Developments

• In February 2023, Telefónica Tech and Grupo Álava have signed a strategic agreement to jointly launch a predictive maintenance solution that provide industrial companies with an advanced data platform with which to optimize their activity by being able to anticipate possible faults or defects in machinery through a predictive maintenance plan. 

• The data generated will be collected by sensors, connected through Telefónica Tech’s LTE and 5G mobile networks, stored and processed in Industrial Edge Computing technology, and will be accessible through a platform, from which operators will have indications based on artificial intelligence capabilities to better manage the health of production process machinery, extending its useful life and optimizing maintenance costs. 

• In November 2021, Ericsson partnered with Korean communications service provider, SK Telecom, to support 5G Standalone networks through the deployment of cloud-native dual-mode 5G Core on its Cloud Native Infrastructure (CNIS) . With the rapid uptake of 5G subscriptions, communications service providers increasingly require cloud-native applications design, faster time to market and more efficient use of cloud infrastructure.  

• In February 2020, T-Mobile US and Deutsche Telekom AG (DTEGY) launched T-IoT, a comprehensive enterprise solution for global IoT connectivity, platform management and support. With T-IoT, enterprises have one global team and one global solution to manage all their connections across borders. And it will be available across 188 destinations, on 383 networks worldwide. 

Key Sources Referred 

1. ema-eda.com 

2. enerdata.net 

3. inspireandinfluence.cps.northeastern.edu 

4. weforum.org 

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the next-gen communication protocols market analysis from 2024 to 2032 to identify the prevailing next-gen communication protocols market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the next-gen communication protocols market segmentation assists to determine the prevailing market opportunities and Next-Gen communication protocols market share.
• Major countries in each region are mapped according to their revenue contribution to the global Next-Gen communication protocols market size.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global next-gen communication protocols market trends, key players, market segments, application areas, and Next-Gen communication protocols market growth strategies.