USD 4.29 billion
Global Autonomous Network Market Size, Share, Growth Analysis, By Industry verticals(Healthcare, retail), By Technology(Artificial intelligence, machine learning automation), By Organization size(Small and medium scale industries, large scale industries and others), By Deployment type(On-Premise and Cloud-based) - Industry Forecast 2024-2031
Report ID:
SQMIG45B2042 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
116 |
Figures:
77
Global Autonomous Network Market Insights
Autonomous Network Market size was valued at USD 4.29 billion in 2021 and is poised to grow from USD 5.46 billion in 2022 to USD 38.95 billion by 2030, growing at a CAGR of 28.01% in the forecast period (2023-2030).
Autonomous Network is becoming popular since It offers several advantages such as improved network efficiency, enhanced security, reduced downtime, increased agility, and improved user experience.
It offers various advantages, one of which is increased efficiency through the use of data. By leveraging data from sensors, cameras, and other sources, autonomous systems can optimize operations and reduce wastage. For instance, self-driving cars utilize data to navigate roads to avoid traffic, leading to less time spent on the road and lower fuel consumption. According to a report by the International Energy Agency, autonomous driving could reduce fuel consumption by up to 10% by 2050. This increased efficiency not only results in cost savings but also reduces carbon emissions, making autonomous systems an eco-friendly option. Moreover, it has potential for significant cost savings, particularly in terms of labor and maintenance expenses. For instance, the use of autonomous trucks for transportation purposes can result in reduced labor costs as there is no need for a driver to operate the vehicle. According to a report by the Boston Consulting Group, autonomous trucks could save up to 45% in operating costs. Furthermore, autonomous machines and equipment can be programmed to perform routine maintenance tasks, reducing the need for human workers and minimizing the associated labor costs. This can also result in improved productivity as maintenance tasks can be performed more efficiently, reducing downtime and increasing overall equipment uptime. It has the ability to enhance the agility of organizations in a rapidly changing market. These networks utilize advanced artificial intelligence techniques and machine learning algorithms to automate network management tasks, allowing them to adapt quickly to changing business needs and network demands. As a result, organizations can scale their networks up or down as needed without requiring manual intervention, reducing the time and resources required to manage the network infrastructure. This increased agility can provide organizations with a competitive advantage, as they can respond to changing market conditions faster than their competitors. Additionally, it can help organizations optimize their network resources, ensuring that they have the appropriate infrastructure in place to meet the demands of their customers and users.
US Autonomous Network Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Solutions
Fastest Growth
Solutions
Growth Rate
28.01% CAGR
Global Autonomous Network Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Autonomous Network Market Size By Cmponent 2022-2030 ($ Bn)
Global Autonomous Network Market Size By Cmponent 2022-2030 (%)
To get more reports on the above market click here to Buy The Report
Global Autonomous Network Market Segmental Analysis
Global Autonomous Network market is segmented on the basis of Technology, organization size, deployment type, industry verticals, and region. By industry verticals, the Autonomous Network market is segmented into Healthcare, retail, banking and finance, telecommunications, and others. By Technology, the Autonomous Network market is segmented into Artificial intelligence, machine learning automation, network function virtualization, and others. By Organization size, the Autonomous Network market is segmented into small and medium-sized enterprises, Large-size enterprises, and others. By Deployment type, the Autonomous Network market is segmented into On-premise and cloud-based, and others. By region, the Autonomous Network market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Autonomous Network market Analysis by Industry Verticals
By industry verticals, the global market is divided into many segments such as Healthcare, retail, banking and finance, telecommunications, and others. The telecommunications sector has been one of the primary industries to embrace autonomous network technologies and is projected to remain a major market for autonomous network solutions in the foreseeable future. Telecommunications enterprises are integrating autonomous network solutions to enhance their network operations, boost network effectiveness, and minimize operational expenses. Consequently, the telecommunications domain holds substantial importance in the autonomous network market.
The healthcare industry is projected to be the industry vertical experiencing the highest growth in the autonomous network market. Due to the rising popularity of telemedicine and the Internet of Medical Things (IoMT), healthcare organizations are adopting autonomous network technologies to efficiently manage their networks and guarantee stable connectivity for critical applications. Moreover, autonomous network solutions can enhance operational efficiency, minimize costs, and improve patient care by enabling real-time data analysis and proactive network management. Therefore, the healthcare sector is anticipated to witness substantial expansion in the autonomous network market in the upcoming years.
Global Autonomous Network Market Size By Cmponent 2022(%), 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Autonomous Network Market Regional Insights
At present, the global autonomous network market is primarily led by North America, which has established its dominance through the widespread adoption of advanced technologies such as artificial intelligence and machine learning. The region's advanced technological infrastructure, coupled with its significant investments in research and development, has enabled it to lead the way in the development of autonomous network solutions. Moreover, the presence of numerous established autonomous network solution providers in North America has helped to fuel the growth of the market in the region. North America's leadership in the autonomous network market can be attributed to its robust ecosystem of technology startups, well-established telecommunications infrastructure, and favorable government policies. As a result, the region has been successful in developing cutting-edge solutions that cater to the diverse needs of industries ranging from healthcare to transportation.
The Asia Pacific region is anticipated to witness significant growth in the autonomous network market due to the rising demand for autonomous network solutions across different industry verticals including healthcare, transportation, and manufacturing. The growth in the region can also be attributed to the increasing investments in 5G networks and the expansion of the Internet of Things (IoT) market.
Global Autonomous Network Market Size By Geography, 2022-2030, 2023-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Autonomous Network Market Dynamics
Autonomous Network market Drivers
Increasing Network Complexity to Boost Market Growth
- As cloud computing, the Internet of Things (IoT), and other technologies continue to rise, network infrastructure has become increasingly complex. This complexity has made network management challenging, time-consuming, and prone to errors. As a result, organizations are looking to adopt solutions that can help them manage their complex networks more efficiently and effectively. Autonomous networks have emerged as a solution to help manage the increasing complexity of network infrastructure. These networks utilize advanced technologies such as machine learning, artificial intelligence, and automation to automate network management tasks and provide real-time data insights. By doing so, they can help organizations manage their network infrastructure more efficiently, reducing the time and resources required for manual network management tasks.
Autonomous Network market Restraints
High Initial Investments to Hinder Market Growth
- One significant restraint for the growth of the autonomous network market is the high initial investment required to adopt this technology. The deployment of an autonomous network can require a considerable amount of financial resources, making it a challenge for some organizations, especially small and medium-sized enterprises (SMEs). SMEs may be hesitant to invest in new technologies, including autonomous networks, if they are not confident about their return on investment (ROI). The high cost of deploying autonomous networks could mean that SMEs have to allocate a significant portion of their budgets to this technology, which could potentially impact other areas of their business.
Request Free Customization of this report to help us to meet your business objectives.
Global Autonomous Network Market Competitive Landscape
The market for autonomous networks is highly competitive, with multiple vendors providing various products and solutions aimed at automating network management and enhancing network efficiency. This market is predicted to grow significantly in the upcoming years due to several factors, such as the increasing complexity of networks, the adoption of cloud computing and IoT, and the need for better network management solutions. Intense competition characterizes the autonomous network market, with vendors striving to outperform one another in terms of product features, pricing, and customer service. To expand their market reach and enhance their offerings, some vendors are also forming strategic partnerships and alliances. For instance, Cisco Systems has recently teamed up with Google Cloud to provide a hybrid cloud solution that incorporates Cisco's SD-WAN technology and Google Cloud's Anthos platform.
Moreover, the autonomous network market is facing heightened competition from non-traditional players such as cloud service providers, who are broadening their offerings to include network management solutions. Amazon Web Services is a prime example, having launched its Network Manager service that offers a centralized network management solution for AWS customers.
Autonomous Network market Top Player’s Company Profiles
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- Ericsson AB
- Ciena Corporation
- NEC Corporation
- Extreme Networks, Inc.
- Hewlett Packard Enterprise Development LP
- Arista Networks, Inc.
- Fujitsu Limited
- Colt Technology Services Group Limited
- ECI Telecom Ltd.
- Aria Networks Ltd.
- Pluribus Networks Inc.
- Lumina Networks, Inc.
- 128 Technology, Inc.
- Volta Networks
- Anuta Networks International, LLC
- Itential, LLC
Autonomous Network market Recent Developments
- In January 2022, ETSI announced the release of its second publication on self-adapting autonomous networks, ETSI GS ENI 005, along with associated documents. This release aims to provide better insights into network operations, which can result in more effective closed-loop decision-making and better lifecycle management. With the use of ETSI's autonomous network technology, operators can leverage acquired data and apply artificial intelligence (AI) algorithms to it. This allows them to respond more quickly to changing situations and gain greater agility. As a result, the services being delivered across their networks can be rapidly adapted, and the available resources can be assigned correctly in accordance with subscribers' requirements, or any other changes in circumstances. This technology can be useful for both operationally and commercially driven changes.
Global Autonomous Network Key Market Trends
- Network Function Virtualization (NFV) is a prevailing trend in the networking industry that involves the virtualization of network functions such as routing, load balancing, and firewalling. This approach can lead to cost savings and increased agility as it eliminates the need for physical network appliances. Autonomous networks can leverage NFV technology to provide virtualized network functions, which can further streamline network management and increase flexibility. For instance, VMware's NSX SD-WAN by VeloCloud is an autonomous network that utilizes NFV technology to provide virtualized network functions. It offers a cloud-based SD-WAN platform that integrates with existing network infrastructure to simplify network management and provide seamless connectivity. By incorporating NFV technology, NSX SD-WAN by VeloCloud can deliver routing, firewalling, and other network functions virtually, without the need for physical appliances. This approach enables organizations to scale their networks easily, reduce costs, and increase agility.
Global Autonomous Network Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global Autonomous Network market suggests that it will experience substantial growth in the forecast period due to its numerous benefits, including improved network efficiency, enhanced security, reduced downtime, increased agility, and improved user experience. Autonomous networks have emerged as a solution to manage the increasing complexity of network infrastructure by utilizing advanced technologies such as machine learning, artificial intelligence, and automation to automate network management tasks and provide real-time data insights. The increasing demand for personalized and effective user experiences for various complexities presents significant potential for new players to enter the market and capitalize on the anticipated high growth rate and demand. As a result, the market is likely to see increased competition, with vendors competing on factors such as product features, pricing, and customer service. To stay competitive, vendors will need to continuously innovate and improve their offerings, such as by integrating new technologies or forming partnerships and alliances to expand their market reach.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 4.29 billion |
| Market size value in 2030 | USD 38.95 billion |
| Growth Rate | 28.01% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Autonomous Network Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Autonomous Network Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Autonomous Network Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Autonomous Network Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Autonomous Network Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Autonomous Network Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Autonomous Network Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
