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Global Self-Healing Networks Market Size was valued at USD 0.6 Billion in 2022. The Self-Healing Networks market Organization Size is projected to grow from USD 1.5 Billion in 2023 to USD 11.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 34.30% during the forecast period (2023 - 2032). As network traffic management and control are increasingly in demand, automation technologies like AI and ML are being used, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
It is difficult to construct and run networks using static policies and standard network management techniques because to the low latency and determinism of the next-generation services and the growing complexity of network infrastructure. Innovative technologies like artificial intelligence (AI) and machine learning (ML) have increased in importance and value as a result. These disruptive solutions are crucial for protecting highly data-driven, software-defined, and virtualized network components. Al technology is used by the network to improve a variety of procedures, such as closed-loop automation and encrypted traffic analytics. Thanks to developments in AI and ML technologies, closed-loop automation with NFV is now possible. This is necessary for the remote management and control of a large number of network edge locations and a vast number of connected devices. Cisco, for example, offers Cisco Al network analytics, which improves user experience throughout the network, drives network intelligence, enables simple control of all devices and services, and prioritizes and resolves network issues. Therefore, the development of disruptive technologies like machine learning (ML) and artificial intelligence (AI) will propel the market's growth of self-healing networks.
apps for network configuration and provisioning are being used more widely across industries. Applications for network provisioning and configuration will hold a market share of more than 15% in self-healing networks by 2022. Self-healing networks are used for network deployment because they put an emphasis on managing identities and devices while also boosting connectivity and security. By integrating all components of provisioning, including Dynamic Host Configuration Protocol, IP address distribution, and DNS configuration, an automated provisioning and control platform simplifies the network.
Self-healing networks are widely used in the telecommunications sector to handle increasing loads and exponential growth. Communication networks are under a lot of stress as a result of employees incorporating their work, leisure, communication, and shopping schedules into daily routines. Telecom businesses are utilizing self-healing techniques to optimize their networks. For instance, in March 2023, HCLSoftware announced the expansion of its partnership with SolarWinds to create an end-to-end 5G network observability platform using the latter's Augmented Network Automation (HCL ANA) platform. This platform automatically monitors real-time, cross-domain data to forecast, configure, and optimize hybrid networks using Al-based self-healing strategies. Thus, driving the Self-Healing Networks market revenue.
The global Self-Healing Networks market segmentation, based on Components, includes solutions and services. The services segment dominated the global market in 2022. As organizations increasingly rely on self-healing network services to help provide a proper platform to run and maintain their applications rather than investing in the software, the demand for services is growing. Managed services are wholly delivered by the third-party vendor and guarantee on-time delivery to the client.
The global Self-Healing Networks market segmentation, based on Network Type, includes physical, virtual, and hybrid. The physical segment dominated the global market in 2022. This is because the creation of more sophisticated self-healing network services is being encouraged by the use of software-defined networking (SDN), which allows for greater automation and flexibility in network administration.
The global Self-Healing Networks market segmentation, based on Organization Size, includes large enterprises and SMEs. Large enterprises segment dominated the global Self-Healing Networks market in 2022. This is most likely a result of the fact that big businesses and consumers rely more and more on strong, scalable networks to ensure smooth operations free from system failures that cause network disruptions.
The global Self-Healing Networks market segmentation, based on Deployment Mode, includes on-premises and cloud. Cloud segment dominated the global Self-Healing Networks market in 2022. Utilizing the benefits of cloud computing, cloud-based solutions offer speedy and secure network configuration. The cloud deployment paradigm also enables scaling of a solution's capability to manage enormous network application traffic.
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The global Self-Healing Networks market segmentation, based on Application, includes network provisioning, network bandwidth monitoring, policy management, security compliance management, root cause analysis, network traffic management, network access control, and other applications. Network provisioning segment dominated the global Self-Healing Networks market in 2022. The industry is expanding due to rising cyber dangers.
The global Self-Healing Networks market segmentation, based on Verticals, includes IT and ITES, BFSI, media and entertainment, healthcare and life sciences, telecom, retail and consumer goods, education, and other verticals. The retail and consumer goods segment dominated the global Self-Healing Networks market in 2022. Population expansion and improved levels of living have raised demand for consumer goods made of polymers. As infrastructure development picks up in developing nations and the use of composites, polymers, and other cutting-edge materials replaces traditional concrete, the range of applications for self-healing networks in the retail and consumer products sector will broaden.
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Self-Healing Networks Market dominated this market in 2022 (45.80%). The North American region dominates the global self-healing networks market in terms of revenue since it was the first to adopt the technology. Furthermore, it has a robust economy that has led to large expenditures in digitalized IT infrastructure. Further, In the North American area, the U.S. Self-Healing Networks market had the biggest market share, while the Canada Self-Healing Networks market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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In 2022, the Europe Self-Healing Networks market held a sizable market share. Due to the region's anticipated exponential growth in the amount of data generated by IT and network devices as well as its stringent laws and policies for network data security, it is anticipated that the Europe region will present market growth opportunities for vendors of self-healing networks. Further, In the European region, the German Self-Healing Networks market had the biggest market share, and the U.K. Self-Healing Networks market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific Self-Healing Networks market is anticipated to grow significantly. Rapid adoption of cutting-edge technology, the exponential rise in data generated by IT and network equipment, and stringent legislation governing network data security will all support regional market progress. Moreover, In the Asia-Pacific region, the Indian Self-Healing Networks market had the quickest rate of growth while China's Self-Healing Networks market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Self-Healing Networks market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Self-Healing Networks sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Self-Healing Networks industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Self-Healing Networks sector. Major players in the Self-Healing Networks market, including Nokia, Ericsson, Fortra LLC, Versa Networks, Inc., Ivanti, IBM Corporation, Cisco Systems, Inc., VMware, Inc., CommScope, and Appnomic, are attempting to increase market demand by investing in research and development operations.
International Business Machines Corp. (IBM) provides products and services related to information technology (IT). The company also offers infrastructure, hosting, and consulting services in addition to developing and marketing computer hardware and software. IBM's product line includes tools for software development, cybersecurity, blockchain, cloud computing, automation, analytics, and automation. The corporation also has operations throughout the Americas, Europe, the Middle East, and Africa in addition to Asia-Pacific. IBM is a global company with headquarters in Armonk, New York. In October 2022, organizations will be able to increase productivity, save overall operating costs, standardize configuration and management across many vendors, and ensure network security and stability thanks to IBM Cloud Pak for Network Automation and Pliant.io.
Fortra's IT management software is designed to automate business and IT processes. The company's automation software aids in managing repetitive tasks, centralised job scheduling through robotic process automation for the desktop that is simple for any user, and helps businesses increase operational efficiency, decrease downtime, and streamline mission-critical IT and business processes in addition to document management software that enables businesses to go paperless by digitally managing the entire lifecycle of their documents and data. In January 2021, Fortra acquired FileCatalyst to broaden the scope of its automation and cybersecurity offerings. In terms of enterprise file transfer acceleration, FileCatalyst is the market leader.
· Nokia
· Ericsson
· Fortra LLC
· Versa Networks, Inc.
· Ivanti
· IBM Corporation
· Cisco Systems, Inc.
· VMware, Inc.
· CommScope
· Appnomic
November 2022: The partnership between SolarWinds Corporation, a well-known supplier of simple-to-use, reliable, and secure IT management software, and DRYICE, a division of HCL Software focused on humanizing enterprise applications, aims to revolutionize IT operations for companies.
· Solutions
· Services
· Physical
· Virtual
· Hybrid
· Large Enterprises
· SMEs
· On-premises
· Cloud
· Network Provisioning
· Network Bandwidth Monitoring
· Policy Management
· Security Compliance Management
· Root Cause Analysis
· Network Traffic Management
· Network Access Control
· Other Applications
· IT and ITES
· BFSI
· Media and Entertainment
· Healthcare and Life Sciences
· Telecom
· Retail and Consumer Goods
· Education
· Other Verticals
· North America
- U.S.
- Canada
· Europe
- Germany
- France
- U.K
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 0.6 Billion |
|
Market Size 2023 |
USD 1.5 Billion |
|
Market Size 2032 |
USD 11.5 Billion |
|
Compound Annual Growth Rate (CAGR) |
34.30% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Component, Network Type, Organization Size, Deployment Mode, Application, Verticals, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Nokia, Ericsson, Fortra LLC, Versa Networks, Inc., Ivanti, IBM Corporation, Cisco Systems, Inc., VMware, Inc., CommScope, and Appnomic |
|
Key Market Opportunities |
Rising investments in R&D and emerging self-healing technologies |
|
Key Market Dynamics |
Rising need to control and manage network traffic and increasing adoption of automation technologies such as Al and ML |
The global Self-Healing Networks Market was valued at USD 0.6 billion in 2022, and it is estimated to reach USD 11.5 billion by 2032.
The global market is projected to grow at a CAGR of 34.30% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Nokia, Ericsson, Fortra LLC, Versa Networks, Inc., Ivanti, IBM Corporation, Cisco Systems, Inc., VMware, Inc., CommScope, and Appnomic
The Services Component dominated the market in 2022.
The Physical Network Type had the largest share in the global market.
Report Code :
RL65175
Published on :
Sep 2023
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