The self-healing networks market will reach USD 6,013.6 million revenue by 2030, witnessing a CAGR of 33.7% during 2024–2030. This can be ascribed to the surging adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML), the increasing need for connectivity without any interruption, the growing complexity of networks, and the rising demand for IoT and M2M communication.
Modern technologies help manage and control network traffics without any human intervention, which enables the hassle-free utilization of networks by businesses for maximizing their operational efficiency and reducing costs. Moreover, the adoption of IoT has enabled uninterrupted connectivity and actively manages networks.
Furthermore, in the digital era, businesses and industries, even individuals, are relying on flueless connectivity and hassle-free networks. With the use of self-healing networks, they fulfill their needs, as these networks are cost-effective, minimize downtime, and reduce manual intervention. These also have the ability to automatically detect, diagnose, and resolve issues in real-time, which avoids emergency costs, productivity losses, and customer dissatisfaction. Thus, these factors lead businesses to stay competitive and meet the increasing demand for digital services in the market.
Based on end user, the IT and telecommunication category is projected to record the highest CAGR, of around 34.5%, in the self-healing networks market in the coming years. This can be attributed to the heavy utilization of these networks in this sector, which can handle heavy network loads.
Moreover, these have the ability to detect and remediate problems without manual intervention, with regards to the IT sector, which mostly includes the use of machine learning (ML) and artificial intelligence (AI) algorithms and automation to analyze, predict, detect, and directly respond to IT operations issues. Nowadays, in any organization, problems with IT systems or processes are having larger and more effects on business problems. Thus, networks must be more agile and responsive to keep up, and AI, analytics, and automation will be the means to do that. Therefore, self-healing networks are widely used, as they provide the best possible solutions to overcome the aforementioned issues.
Furthermore, AI and IoT offer stable protocols, encryption, and procedures for authentication a good way to hold the confidentiality and integrity of networks. Also, the marketplace for self-restoration networks has a wide range of ability applications. Due to the growing use of cloud, edge, and IoT devices, self-healing abilities are required for proper connectivity. Additionally, the combination of self-recuperation networks with cutting-edge technology like 5G, AI, and SDN offers modern network management strategies.
Globally, the Asia-Pacific market is expected to witness the fastest growth in the coming years. This can be because of the ongoing digitalization, the introduction of 5G, the improving infrastructure, the growing end-use industries, the increasing volumes of data generation, and the surging adoption of AI, ML, IoT, and M2M communication, in the region. In addition, companies in APAC are using cloud-based solutions integrated with self-healing networks, which would create a big positive impact on the regional market.
Some key players operating in the self-healing networks market are Cisco Systems Inc., Nokia Corporation, Juniper Networks Inc., Huawei Technologies Co. Ltd., Ericsson AB, Hewlett Packard Enterprise Development LP, Extreme Networks Inc., NEC Corporation, Ciena Corporation, and NetApp Inc.