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The Rise of Autonomous Networks Market: $17.5 billion Industry Dominated by Tech Giants - Ericsson, Nokia, NEC Corporation & Cisco Systems | MarketsandMarkets™

Chicago, June 14, 2024 (GLOBE NEWSWIRE) -- The global Autonomous Networks Market size is expected to reach USD 17.5 billion by 2029 from USD 7.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 20.1% during the forecast period, according to a new report by MarketsandMarkets™. Browse in-depth TOC on "Autonomous Networks Market" 249 - Tables 49 - Figures 250 – Pages Download PDF Brochure @ The autonomous networks market is driven by the need for streamlined operations and enhanced efficiency in network management. It boosts productivity by automating routine tasks, optimizing resource allocation, and minimizing downtime through proactive maintenance and self-healing capabilities. By adopting autonomous networks, organizations can significantly reduce human error, mitigate security risks, and adapt quickly to dynamic network conditions, thereby ensuring uninterrupted service delivery and better user experiences. This market is accelerated by the relentless expansion of digital ecosystems, the production of connected devices, and the ever-increasing complexity of network infrastructures, necessitating intelligent, self-governing solutions to meet evolving demands. Autonomous Networks Market Dynamics: Drivers: Rapid Advancement of Artificial intelligence (AI) and Machine learning (ML) technologies The deployment of 5G networks Growing emphasis on network security and reliability, digital transformation across various industries Need for real-time data processing and analytics Opportunities: Edge computing optimization Network slicing Restraints: High initial investment Lack of standardization List of Autonomous Networks Companies : Ericsson (Sweden), Nokia (Finland), NEC Corporation (Japan), Huawei Technologies Co., Ltd (China), Hewlett Packard Enterprise (US), Cisco Systems (US), IBM Corporation (US), Ciena (US), Extreme Networks (US) Arista Networks (US) Request Sample Pages @ By offering, the solutions segment is expected to have the largest market size during the forecast period.  The forecasted dominance of the solutions segment in the autonomous networks market from 2024 to 2029 can be attributed ...