Self-healing Networks Market by Component (Solutions, Services), Network Type (Public, Private, & Hybrid), Application (Network Provisioning, Network Traffic Management), Vertical (Telecom, Healthcare & Life Sciences) and Region - Global Forecast to 2027

Published by REPORTS PUBLISHER | On Jan-2023 | Pages : 250 | Report ID : RP-4

The Self-healing networks market size to grow from USD 0.6 billion in 2022 to USD 2.4 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 33.3% during the forecast period. Few of the factors such as rising investments in R&D and emerging self-healing technology coupled with increasing number of startups offering network automation solutions with self-healing capabilities would create immense potential opportunities for self-healing networks vendors across the globe.

Market Dynamics

Driver: Increasing adoption of automation technologies such as AI and ML integrated with self-healing

The growing complexity of network infrastructure, combined with the low latency and determinism associated with next-generation services, makes it difficult to deploy and manage networks based on traditional network management methods and static policies. Therefore, the importance and value of innovative technologies, such as AI and Machine Learning (ML), has increased. These disruptive technologies play a very crucial role in protecting highly data-driven, software-defined, and virtualized network components. AI technology is applied in the network to improve various operations, including closed-loop automation and encrypted traffic analytics. AI and ML technology innovations have made closed-loop automation possible with NFV, which is essential to the remote monitoring and management of various network edge locations and billions of connected devices. For instance, Cisco offers Cisco AI network analytics, which drives network intelligence and allows the easy management of all devices and services, prioritizes and resolves network issues, and ensures better user experience across the network. Hence the increasing advancements of such disruptive technologies such as AI and ML will drive the growth of self-healing networks in the market.

Restraints: Rising security threats across the networks

Ever-more complex cyberattacks involves malware, phishing, and cryptocurrency have placed the data and assets of corporations, governments and individuals at continual threat. Also, networks are the key enabler for the enterprise, they are also a source of complete hazard. However, increasing connected devices leads to greater risk which affectIoT networks more vulnerable to cyber attacks.. IoT devices which is controlled by hackers can be used to create disaster, overload networks and lock down essential equipment for financial gain. . According to the Cisco Annual Internet Report, 2018-2023, there were a total of 1,272 breaches, with a total of nearly 163 million records exposed as of November 2019. Further, not all network engineers are completely trained in defending these attacks due to which they may pose threats in securing networks and may restraints the self-healing market.

Opportunity: Rising investments in R&D and emerging self-healing technology

Networking companies are heavily investing in the R&D of networking solutions with self-healing capabilities, with a focus on long-term value creation. Based on the fluctuations in short-term business performance and financial results, leading networking companies have not reduced their investment for the innovation and testing of self-healing networks solutions. For instance, Forta offers Intermapper's network monitoring software helps users create a network map, giving the user a live view of what's happening on the network. This tool will be able to find and fix technology issues before users or customers are impacted. Networking companies are also coming up with “Ethernet fabrics.” Ethernet fabric is a network topology that enhances the performance, utilization, availability, and simplicity required to meet the networking requirement of modern virtual data centers. These continuous investments and positive outcomes are expected to further fuel the growth of the self-healing networks in the market.

Challenge: Lack of awareness among network administrators

Self-healing networks solutions, with varied features and functionalities, are being offered by numerous vendors across the globe. Network admins need to understand their requirements to manage the network infrastructure and chose the appropriate solution. In the world of convergence, technology has been changing rapidly in the business system. Most of the network administrators are reluctant to modify the SOPs and are hesitant in automating their networks and upgrade self-healing capabilities. Therefore, solution providers need to offer updated training and education services to network admins, so that they can gain more insights from unstructured network data. Many organizations, especially SMEs, do not have enough skilled workforce to manage the network infrastructure. Hence, the lack of awareness among network admins to distinguish between precise self-healing networks solutions pose a key challenge for the growth of the self-healing networks market.

Services segment to register the higher growth rate during the forecast period

Based on services, the self-healing networks market is segmented into managed and professional services. Increasing adoption of self-healing networks services by enterprises to help deploy a proper platform to run and support their applications rather than investing in the software leads to a higher demands for services. Managed services are completely provided by the third-party vendor and offer clients on-time conveyance.

Cloud segment to register the larger market size during the forecast period

Vendors in the self-healing networks market offer on-premises and cloud-based deployment mode. The deployment mode is primarily dependent on the financial stability and IT infrastructure of the organizations deploying self-healing networks solution. Cloud deployment mode to hold the larger market size in the market. Cloud as a service is not only enabling organizations to manage their costs but also support businesses in ensuring improved business agility. Cloud-based solutions enables fast and secure network configuration by leveraging cloud computing capabilities. Moreover, the cloud deployment model scales a solution’s capacity to handle enormous network application traffic.

North America to have the largest market size during the forecast period

The major countries covered in North America are the US and Canada. The North American region, being the primary adopter of self-healing networks technology, is the major revenue-generating region in the global self-healing networks market. Moreover, it is a well-established economy, witnessing large-scale investments in digitalized IT infrastructure. The North American region has been extremely open toward adopting new and innovative technologies and is expected to provide market growth opportunities to self-healing networks vendors, as it is expected to witness an exponential growth of IT and network device-based generated data and stringent laws and policies for safeguarding the network data. Investment in various technologies such as AI, IoT, ML and big data would boost the growth of the self-healing networks in the market.

Key Market Players

The self-healing networks solution and service providers have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. Some major players in the Self-healing networks market include Fortra (US), VMWare (US), IBM (US), CommScope (US), SolarWinds (US), ManageEngine (US), BMC Software (US), Elisa Polystar (Sweden), HPE (US), Cisco (US), Ivanti (US), Easyvista (France), Huawei (China), ACT (India), Ericsson (Sweden), Nokia (US), Anuta Networks (US), Juniper (US), Bluecat (Canada), Park Place Technologies (US), Appnomic (India), Versa Networks (US), Parallel Wireless (US), Itential (US), Kentik (US), Domotz (US), and Beegol (Brazil).

Scope of the Report

Report Metrics

Details

Market size available for years

2019–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

USD (Million/Billion)

Segments covered

Component, Network Type, Organization Size, Deployment Mode, Application, Vertical and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

Fortra (US), VMWare (US), IBM (US), CommScope (US), SolarWinds (US), ManageEngine (US), BMC Software (US), Elisa Polystar (Sweden), HPE (US), Cisco (US), Ivanti (US), Easyvista (France), Huawei (China), ACT (India), Ericsson (Sweden), Nokia (US), Anuta Networks (US), Juniper (US), Bluecat (Canada), Park Place Technologies (US), Appnomic (India), Versa Networks (US), Parallel Wireless (US), Itential (US), Kentik (US), Domotz (US), and Beegol (Brazil).

This research report categorizes the Self-healing networks market based on component, network type, organization size, deployment mode, application, vertical, and region.

By Component:
  • Solutions
    • Network Automation Software
    • Intent-based Networking Tools
    • Network Monitoring Tools
    • Other Solutions
  • Services
    • Professional Services
    • Managed Services
By Network Type:
  • Physical
  • Virtual
  • Hybrid
By Organization Size:
  • Large Enterprises
  • SMEs
By Deployment Mode:
  • On-premises
  • Cloud
By Applications:
  • Network Provisioning
  • Network Bandwidth Monitoring
  • Policy Management
  • Security Compliance Management
  • Root Cause Analysis
  • Network Traffic Management
  • Network Access Control
  • Other Applications
By Verticals:
  • IT and ITES
  • BFSI
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Telecom
  • Retail and Consumer Goods
  • Education
  • Other Verticals
By Region:
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Middle East and Africa
    • United Arab Emirates (UAE)
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In November 2022, SolarWinds Corporation, a leading provider of simple, powerful, and secure IT management software, and DRYiCE, a division of HCL Software focused on humanizing enterprise application of AI, announced its intended expansion of their partnership aimed at revolutionizing IT operations for enterprises. The expanded partnership will focus on bringing together the best-in-class advanced AIOps, end-to-end observability, and service management platform from both companies.
  • In October 2022, IBM Cloud Pak for Network Automation, in collaboration with Pliant.io, helps organizations increase their efficiency, lower overall operational costs, normalize configuration and management across many vendors and ensure network stability and security. By tapping IBM Cloud Pak for Network Automation with Pliant’s workflow engine and API gateway capabilities, enterprises can improve service delivery speed, prevent vendor lock-in and extend and expand an organization's integration capability—all while ensuring network remains in its desired state.
  • In June 2022, Elisa Polystar acquires Cardinality Ltd, a UK-based supplier of cloud-native data management (DataOps), service assurance and customer experience analytics for communications service providers (CSPs) globally. By combining with Cardinality, Elisa Polystar will have stronger data management, AI-driven analytics and automation portfolio with comprehensive data ingestion and cloud-native capabilities enabling simultaneous top-and bottom-line improvements for network operators.
  • In January 2021, Fortra acquired FileCatalyst, a leader in enterprise file transfer acceleration to continue expansion of Cybersecurity and Automation Portfolio. FileCatalyst enables organizations working with extremely large files to optimize and transfer information swiftly and securely across global networks. This can be particularly beneficial in industries such as broadcast media and live sports.
  • In October 2020, VMware announced its acquisition of SaltStack, a pioneer in building intelligent, event-driven automation software, that helps customers to automate ITOps, DevOps, NetOps or SecOps functions. With the acquisition of SaltStack, VMware has broadened its automation capabilities including software configuration management, network automation, and infrastructure automation.
  • In July 2020, HPE announced its acquisition of Silver Peak, a software-defined wide area network (SD-WAN) platform provider, which got incorporated into its Aruba Networks subsidiary.