PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586423
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586423
The autonomous networks market size is expected to reach USD 30.26 billion by 2032, according to a new study by Polaris Market Research. The report "Autonomous Networks Market Size, Share, Trends, Industry Analysis Report - By Offering (Solutions and Services), End User (Service Providers and Verticals), and Region; Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growth of the autonomous networks market is driven by the rising adoption of AI and machine learning technologies that facilitate the development of highly efficient, self-managing networks. These advancements enable autonomous networks to function with capabilities such as self-optimization, self-healing, and real-time decision-making, thereby minimizing the need for manual intervention. AI-driven frameworks enhance network efficiency and reliability, promoting the widespread adoption of autonomous networks. This trend is further fueled by the ongoing evolution of 5G, edge computing, and IoT technologies, which collectively contribute to market expansion.
The integration of AI and networking technologies, along with the collaboration demonstrated by AI data centers, is propelling the growth of the autonomous networks market. For instance, in May 2024, Arista Networks collaborated with NVIDIA to present AI data centers as a technical demonstration whose scope is to bring compute and network sectors together as a singular controlled AI. This demonstration will increase demand in the autonomous networks market due to its seamless coordination between networks, servers, and network interface cards. Furthermore, the adoption of strategic initiatives among players would create significant opportunities for the autonomous networks market during the forecast period. In May 2024, Extreme Networks deployed a new fabric-enhanced wireless and wired network for the Amman Stock Exchange (ASE) in Jordan, the Middle East.
Enhanced network automation through Cloud RAN and Open RAN technologies is significantly advancing the autonomous networks market. In February 2024, AT&T and Ericsson announced the initiation of Ericsson Cloud RAN technology deployment within AT&T's commercial 5G network. This deployment enables AT&T to accelerate its C-band rollout and embrace network virtualization, creating a developer-friendly environment for the development of new applications and services.
Based on the offering, the solutions segment accounted for a larger share in 2023 due to the increasing demand for comprehensive, AI-driven network management tools that provide automation, optimization, and real-time performance enhancements.
By end user, the vertical segment is expected to witness a higher growth rate during the forecast period due to the increasing adoption of autonomous network solutions across various industries, which are seeking tailored, sector-specific applications to enhance operational efficiency and digital transformation.
The service providers segment accounted for a larger share of the autonomous networks market due to their extensive role in deploying and managing large-scale autonomous network solutions.
North America held the largest share of the autonomous networks market due to advanced technological infrastructure and significant investment in AI and machine learning.
Asia Pacific market is projected to register the fastest growth during the forecast period due to rapid industrialization, increasing adoption of advanced technologies such as AI and 5G, and growing investments in digital infrastructure.
Ericsson; Nokia; NEC Corporation; Huawei Technologies Co., Ltd; Hewlett Packard Enterprise; Cisco Systems; IBM Corporation; Ciena; Extreme Networks; Arista Networks; Broadcom; and ZTE Corporation are among the global market players.
Polaris Market Research has segmented the autonomous networks market report on the basis of offering, end user and region:
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