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. The self-healing networks market is expected to grow at a significant rate during the forecast period. Some factors driving the growth of the self-healing networks market are the rising need to control and manage network traffic, increasing adoption of automation technologies such as AI and ML integrated with self-healing, and surge in human error rates in manual systems causing network downtime.
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Managed Services to witness the higher CAGR during the forecast period
The self-healing networks servicescomprises of managed and professional services. Services plays a vital in effective implementation of self-healing networks solutions and services that can be operated by third-party companies so that firmscan focus more on their primary businesses. Managed services comprises of set of services to monitor and maintain computer systems, network infrastructure, and software tools. . Managed service providers offer users to manage self-healing network solutions to enable the components to make required modifications without any intervention of the security teams.
Physical network type segment to register for largest market size during the forecast period
The components of network infrastructure are highly complex and varied with the presence of a number of critical physical and virtual edge devices, such as switches, routers, and firewalls, from various network hardware vendors. Self-healing networks can be provided in three ways: physical, virtual, and hybrid networks. The physical network segment is based on the requirement and need to enable the setup and configuration, patching, rollout and rollback, and resource use of the physical network infrastructure. The self-healing network solutions capture data and dependency information into snapshots that enable network administrators to establish configuration baselines and gold standards for continuous change tracking and detect configuration drifts in multivendor network devices.
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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). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global frontline workers training market.
IBM (US) is a multinational technology and consulting corporation that offers infrastructure, hosting, and consulting services. The company operates through five major business segments: cloud and cognitive software, global business services, global technology services, systems, and global financing. IBM has publicly pursued autonomic computing since announcing its eLiza initiative in; it formed a dedicated autonomic computing division headed by Ganek in October. Self-diagnosis and self-healing are key parts of IBM’s broader autonomic computing initiative, aimed at creating systems and networks that in many respects run themselves. IBM Tivoli unveiled two new self-healing software tools in as well as a major revision of its IBM Tivoli Monitoring product, which featured a new graphical interface to create programs that automatically responded to system problems.
BMC Software (US) is one of the world’s largest developers and vendors of independent systems software. The company made its name with programs that increased the efficiency of IBM mainframe computer systems, and mainframes continue to constitute a sizable percentage of its sales. BMC also produces software for other computer systems, including Microsoft Windows NT and XP and the Linux operating systems. BMC products perform a variety of functions: monitoring and managing service levels; improving application responsiveness; minimizing system outages; automating systems maintenance tasks; assuring data availability, integrity, and recoverability; efficiently managing enterprise storage assets; increasing network performance; and administering business integrated scheduling, output management, and security.
Fortra (US) is a software company focused on helping exceptional organizations secure and automate operations. Its cybersecurity and automation software protects information and simplifies IT processes to give customers peace of mind. The company’s software reduces data center costs by improving operational control and delivery of IT services. The company has offices worldwide and more than 8,700 customers from small businesses to Fortune 100 companies. The company’s mission is to be an expert provider of data center software that solves real business problems. It offers a comprehensive portfolio of infrastructure automation solutions with robust reputations and best-in-class tooling for every environment. With an optimized infrastructure and ready, reliable access to the data stored there, IT teams can deliver outstanding service and availability to customers and internal users while empowering the organization to make smart and profitable business decisions.
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