Self-healing Networks Market Forecasts to 2030 - Global Analysis By Component (Services, Solutions and Other Components), Organization Size, Network Type, Deployment Mode, Application, End User and By Geography

According to Stratistics MRC, the Global Self-Healing Networks Market is accounted for $1,361.4 million in 2023 and is expected to reach $12,082.0 million by 2030 growing at a CAGR of 36.6% during the forecast period. The self-healing network solution helps users handle network problems that are fixed without the involvement of people. All types of outages, malfunctions, and breaches can be found and fixed using self-healing network technologies. The vendor's I/A Series automation platform employs industry-standard Ethernet switches, ports, and fiber optic media in sophisticated mesh configurations to provide multiple transmission channels between various network stations, which is similar to mesh network technology.

According to the Cisco Annual Internet Report, 2018-2023, there were a total of 1,272 breaches, with a total of nearly 163 million records exposed as of November 2019.

Market Dynamics:

Driver:

Increasing use of automation technology

The next-generation services' low latency and determinism, along with the increasing complexity of network infrastructure, make it challenging to deploy and operate networks using static policies and conventional network management techniques. In order to defend highly data-driven, software-defined, and virtualized network components, these disruptive technologies are extremely important. Thus, the development of such disruptive technologies will fuel the market's expansion.

Restraint:

Increase in cyber threats

Cyberattacks are becoming more and more sophisticated, involving malware, phishing, and cryptocurrency, putting the information and assets of businesses, governments, and people at constant risk. However, as the number of linked devices rises, so do the threats, making IoT networks more susceptible to cyberattacks. Additionally, not all network engineers have the necessary training to defend against these attacks, which puts networks' security at risk and could slow the market.

Opportunity:

Advancements in the telecom sector

The telecommunications industry uses self-healing networks a lot to meet growing loads and exponential expansion. As a result of employees integrating their work, relaxation, communication, and shopping schedules into daily routines, communication networks are under a lot of stress. The market expansion is being fueled by the usage of automated provisioning and control platforms, which may simplify networks and consolidate the entire provisioning process.

Threat:

Lack of awareness

The inability of network managers to identify the proper self-healing network technologies could prove to be a major barrier to market expansion. Solutions with various capacities are being offered by a plethora of self-healing network suppliers all around the world. To operate their network infrastructure, many businesses and SMEs do not have access to qualified personnel. This is limiting the market's expansion.

COVID-19 Impact:

Conferences and seminars had to go online as a result of the COVID-19 epidemic, which had an impact on the networking sector. With a focus on creating long-term value, networking businesses are investing in the R&D of networking systems with self-healing capabilities. Leading networking businesses have also concentrated their investments on the development and testing of self-healing network solutions as a result of the changes in short-term company performance and financial results.

The services segment is expected to be the largest during the forecast period

The services segment is expected to be the largest during the forecast period. The need for services is increasing as more companies turn to self-healing networks services to help provide an appropriate platform to run and maintain their applications rather than spending money on the software. In order to provide a suitable platform to run and maintain their applications, businesses are increasingly using self-healing networks services rather than investing in the software, which raises the demand for services.

The cloud segment is expected to have the highest CAGR during the forecast period

The cloud segment is expected to have the highest CAGR during the forecast period. Self-healing networks vendors provide on-premises and cloud-based deployment options. The financial stability and IT infrastructure of the enterprises using self-healing networks solutions heavily influence the deployment mode. Cloud computing as a service helps firms ensure increased business agility in addition to helping them manage costs.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Rapid adoption of cutting-edge technologies, the exponential rise in data produced by IT and network equipment, and strict laws and regulations governing network data security are a few of the elements that will promote regional market expansion. Innate technological investments should support the growth of self-healing networks in the area even further.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. This is because nations adopt new technologies at a rapid rate, and as a result, the demand for high-speed, low-latency networks to support emerging technologies like 5G and the rise of the Internet of Things (IoT) and the adoption of cloud-based services, as well as the rise of the IoT, are driving the market in this region to expand.

Key players in the market:

Some of the key players in Self-Healing Networks market include: Cisco Systems, Inc., Versa Networks, Inc., Fortra LLC, Nokia, IBM Corporation, Ericsson, CommScope, VMware, Inc., Appnomic, Ivanti, SolarWinds Corporation, Elisa Polystar, Huawei, Anuta Networks and Versa Networks.

Key Developments:

In November 2022, SolarWinds Corporation, a leading provider of simple, powerful, and secure IT management software, and DRYiCE, a division of HCL Software focused on humanizing enterprise application of AI, announced its intended expansion of their partnership aimed at revolutionizing IT operations for enterprises.

In October 2022, IBM Cloud Pak for Network Automation, in collaboration with Pliant.io, helps organizations increase their efficiency, lower overall operational costs, normalize configuration and management across many vendors and ensure network stability and security.

In June 2022, Elisa Polystar acquires Cardinality Ltd, a UK-based supplier of cloud-native data management (DataOps), service assurance and customer experience analytics for communications service providers (CSPs) globally.

Components Covered:

• Services
• Solutions
• Other Components

Organization Sizes Covered:

• SMEs
• Large Enterprises

Network Types Covered:

• Virtual
• Physical
• Hybrid

Deployment Modes Covered:

• Cloud
• On-premises

Applications Covered:

• Network Traffic Management
• Security Compliance Management
• Network Bandwidth Monitoring
• Network Access Control
• Network Provisioning
• Policy Management
• Root Cause Analysis
• Other Applications

End Users Covered:

• Media and Entertainment
• Telecom
• Healthcare and Life Sciences
• Education
• Retail and Consumer Goods
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances