Overview and Scope
Self healing network refers to a network architecture or system that can automatically detect and repair faults or errors, without the need for human intervention. The self-healing feature can improve network reliability and reduce downtime, making it a critical component in many industries.
Sizing and Forecast
The self healing network market size has grown exponentially in recent years. It will grow from $1 billion in 2023 to $1.32 billion in 2024 at a compound annual growth rate (CAGR) of 31.4%. The growth in the historic period can be attributed to business continuity planning, customer expectations, telecommunication industry evolution, cost reduction and efficiency, reliability and uptime demands.
The self healing network market size is expected to see exponential growth in the next few years. It will grow to $4.21 billion in 2028 at a compound annual growth rate (CAGR) of 33.8%. The growth in the forecast period can be attributed to disaster recovery readiness, customer-centric solutions, regulatory requirements, cost efficiency, reliability and uptime demands. Major trends in the forecast period include ai-driven automation, predictive maintenance, zero-trust security, edge computing integration, software-defined networking (sdn).
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Segmentation & Regional Insights
The self healing network market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Network Type: Physical, Virtual, Hybrid
3) By Deployment Mode: On-Premises, Cloud
4) By Applications: Network Provisioning, Network Bandwidth Monitoring, Policy Management, Security Compliance Management, Root Cause Analysis, Network Traffic Management, Network Access Control, Other Applications
5) By Verticals: Information Technology And Information Technology Enabled Services (IT And ITES), Banking, Financial Services And Insurance, Media And Entertainment, Healthcare And Life Sciences, Telecom, Retail And Consumer Goods, Education, Other Verticals
North America was the largest region in the self healing network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global self-healing network market report during the forecast period. The regions covered in the self healing network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The adoption of cloud computing is driving the growth of the self healing network market going forward. Cloud computing refers to the delivery of computing services over the internet, including servers, storage, databases, software, analytics, and more, without the need for on-site infrastructure or hardware. The adoption of cloud computing introduces network complexities and demands for scalability, resilience, and reliability. In response, self-healing networks leverage automation, real-time monitoring, and analytics to optimize network performance, reduce downtime, and enhance security. For instance, in December 2021, according to Eurostat, a Europe-based intergovernmental organization, 41% of EU enterprises used cloud computing 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5% compared to 2020. Therefore, the rise in the adoption of cloud computing is promoting the growth of the self healing network market.
Key Industry Players
Major companies operating in the self healing network market report are Cisco Systems Inc., Nokia Corporation, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, International Business Machines Corporation, Fortra LLC, Versa Networks Inc., IIvanti Inc., VMware Inc., CommScope Holding Company Inc., Appnomic Systems Pvt. Ltd., Verizon Communications Inc., Broadcom Inc., Infosys Limited, BT Group plc, Elisa Corporation, Juniper Networks Inc., Arista Networks Inc., Extreme Networks Inc., Ciena Corporation, Hewlett Packard Enterprise Company, Dell Technologies Inc., NEC Corporation, Fujitsu Limited, Riverbed Technology Inc., Infovista Corporation, Netcracker Technology Corp., Spirent Communications plc, Anuta Networks International LLC, 128 Technology Inc., Gluware Inc.
The self healing network market report table of contents includes:
1. Executive Summary
2. Self Healing Network Market Characteristics
3. Self Healing Network Market Trends And Strategies
4. Self Healing Network Market – Macro Economic Scenario
5. Global Self Healing Network Market Size and Growth
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31. Global Self Healing Network Market Competitive Benchmarking
32. Global Self Healing Network Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Self Healing Network Market
34. Self Healing Network Market Future Outlook and Potential Analysis
35. Appendix
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