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Autonomous Networks Market Trends

Report ID: GMI9891
Published Date: Jun 2024
Report Format: PDF

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Autonomous Networks Market Trends

The integration of advanced technologies into autonomous networks is transforming data management and processing. Autonomous networks are crucial for managing and processing data from numerous IoT devices. They facilitate real-time decision-making and automation in industries. They also help in processing and analyzing data from various sensors and devices, facilitating efficient decision-making and operation. For instance, in April 2024, Qualcomm introduced new IoT platforms designed for industrial automation. These platforms leverage autonomous networks to enable real-time monitoring, predictive maintenance, and autonomous control in manufacturing environments.

Autonomous networks support edge computing by managing data processing close to the source. They reduce latency, optimize bandwidth, and enable real-time analytics. Autonomous networks aim to improve network efficiency. For instance, in April 2024, Dell Technologies introduced new edge computing solutions targeted at the retail sector. The company makes use of autonomous networks for handling customer data, inventory management, and in-store analytics.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Industry size for autonomous networks was worth USD 6.6 billion in 2023 and will grow at a 19% CAGR between 2024 and 2032 due to the increasing complexity of network operations and the growing need for efficient management and optimization.

The cloud segment in the autonomous networks market recorded USD 2.4 billion in 2023, driven by pivotal role in driving digital transformation and enabling scalable, agile infrastructure.

North America industry registered 30% share in 2023, attributed to the advanced technological landscape and early adoption of innovative solutions, thriving IT industry, coupled with substantial investments in R&D.

Arista Networks, Inc., Ciena Corporation, Cisco Systems, Inc, Ericsson, Extreme Networks, Inc., Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., Juniper Networks, Inc., NEC Corporation, and Nokia Corporation, among others.