The BNS is the high capacity connectivity infrastructure that links various LANs and WANs for long distance communication. It provides a platform for high-performance networks used for scientific research at major government-supported supercomputer centers and universities.
Market Dynamics:
Increasing internet penetration, growing demand for cloud services, and rise in data traffic is anticipated to drive growth of the Global Backbone Network services market over the forecast period. Moreover, advancements in telecommunication technologies is also expected to boost the growth of the Global Backbone Network services market over the forecast period. Expansion of 5G networks, edge computing, Internet of Things (IoT) connectivity, and cloud service integration are expected to create growth opportunities for the Global Backbone Network services market during the forecast period.
However, infrastructure investment costs, regulatory and compliance hurdles, and network congestion and bandwidth management are expected to hamper growth of the Global Backbone Network services market over the forecast period.
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