Self-healing Networks Market to reach $13.9 billion, Globally, by 2031 at 34.6% CAGR: Allied Market Research
Rising demand for high network availability, increasing reliance of businesses and consumers on efficient and scalable networks for smooth work operations without failure of the network system, and surge in cyber threats drive the global self-healing networks market.
PORTLAND, Ore., March 28, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Self-healing Networks Market by Component (Solution, Services), by Network Type (Physical, Virtual, Hybrid), by Enterprise Size (Large Enterprises, Small and Medium Enterprises), by Deployment Mode (On-Premises, Cloud), by Application (Network Provisioning, Network Bandwidth Monitoring, Network Traffic Management, Network Access Control, Others), by Industry Vertical (IT and Telecom, BFSI, Media and Entertainment, Healthcare and Life Sciences, Retail and Consumer Goods, Education, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the self-healing networks industry generated $729.6 million in 2021 and is estimated to reach $13.9 billion by 2031, witnessing a CAGR of 34.6% from 2022 to 2031.
Drivers, Restraints, and Opportunities
Rising demand for high network availability, increasing reliance of businesses and consumers on efficient and scalable networks for smooth work operations without failure of the network system, and surge in cyber threats drive the global self-healing networks market. However, implementing self-healing network technology requires advanced equipment and software, which can be expensive to purchase and maintain. Moreover, complex and time-consuming implementation process increase the cost of deployment. These factors may restrain the market growth to some extent. Moreover, by analyzing network traffic and identifying suspicious activity, self-healing networks can help prevent cyber-attacks. This factor is expected to create lucrative opportunities in the industry.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/54166
Procure Complete Report (403 Pages PDF with Insights, Charts, Tables, and Figures) at:
The IT and telecom segment held the lion's share in 2021
In terms of industry vertical, the IT and telecom segment has garnered the major share in 2021, generating more than one-fourth of the global self-healing netwrks market revenue as these industries are designed to detect and automatically recover from faults or failures that may occur within the network. Moreover, the healthcare and life sciences segment is likely to dominate in terms of revenue and cite the fastest CAGR of 41.6% from 2022 to 2031. Self-healing networks services ensure reliable and secure data transfer between medical devices, electronic health records, and other healthcare information systems.
The solution segment to maintain its dominance during the forecast period
Based on component, the solution segment held the highest share in 2021, holding more than two-thirds of the global self-healing networks market revenue and is projected to maintain its dominance by 2031. The solution segment includes the development of more advanced automated fault detection tools that can detect issues in the network in real-time, and trigger automated responses to fix the issues. On the other hand, the services segment would showcase the fastest CAGR of 37.6% throughout the forecast timeframe. The services segment provides robust security features that protect against cyber threats.
The physical segment to rule the roost during the forecast period
In terms of network type, the physical segment accounted for the highest share in 2021, holding nearly three-fifths of the global self-handling networks market revenue and is expected to rule the market during the forecast period. The growth is attributed to its ability to make adjustments to prevent or recover from failures and to monitor the network. Moreover, the virtual segment would portray the fastest CAGR of 37.7% from 2022 to 2031, as it reduces the impact of network failures on end-users by isolating and rerouting traffic, and helps to minimize downtime.
North America held the major share in 2021
By region, North America accounted for the highest share in 2021, holding more than one-third of the global self-healing networks market revenue. The growth is attributed to the rising technological trends in the IT & telecom sector in the region. On the other hand, Asia-Pacific is expected to rule the market during the forecast period and would portray the fastest CAGR of 39.2% from 2022 to 2031. The growth of the market is driven by ongoing digital and economic transformation of the region.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/54166
Leading Market Players
The report analyzes these key players in the global self-healing networks market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.
Trending Reports in ICT & Media Industry:
E-Waste Management Market Size is Expected to reach $143.87 Billion by 2028
Intelligent Virtual Assistant Market Size is Expected to Reach $44,255 Million by 2027
Smart Locks Market Share is Expected to Reach $14,972.3 Million by 2030
Video Analytics Market Share is Expected to Reach $21.77 Billion by 2027
Metaverse Market Share is Expected to Reach $1,237.0 Billion by 2030
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
View original content:https://www.prnewswire.com/news-releases/self-healing-networks-market-to-reach-13-9-billion-globally-by-2031-at-34-6-cagr-allied-market-research-301783107.html
SOURCE Allied Market Research