Market Research Future (MRFR) has published a cooked research report on the “Global Zero-Touch Provisioning Market” that contains information from 2018 to 2032. The Zero-Touch Provisioning market is estimated to register a CAGR of 10.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Zero-Touch Provisioning market— Cisco Systems, Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., ZTE Corporation, Juniper Networks, Inc., Hewlett Packard Enterprise Development LP, Arista Networks, Inc., Extreme Networks, and Riverbed Technology.
Zero-Touch Provisioning Industry Highlights
The Zero-Touch Provisioning market is accounted to register a CAGR of 10.80% during the forecast period and is estimated to reach USD 7.3 Billion by 2032.
The Zero-Touch Provisioning market involves automated setup and configuration of devices or systems without manual intervention. It streamlines deployment by remotely configuring settings, software, and security measures, saving time and ensuring consistent and secure setups across a variety of devices, such as IoT devices, network equipment, and smartphones.
Segment Analysis
The global Zero-Touch Provisioning market has been segmented based on Component, Device Type, Network Complexity, Enterprise Size and Industry.
On the basis of Component, the market is segmented into platform and services. From 2023 to 2030, it is anticipated that the Asia-Pacific Financial App Market will expand at the quickest CAGR. This is a result of the increasing digitalization of numerous businesses. In addition, China's Financial App market had the greatest market share, while the Asia-Pacific region's Financial App market in India had the quickest rate of growth.
Based on Device Type, the global Zero-Touch Provisioning market has been segmented into routers, switches, access points, firewalls, IoT devices, and others. The switches category increased its market share and took control of the entire market in 2022. The expansion and rising use of edge devices are attributed to large enterprises' greater reliance on the internet and the cloud to swiftly design and execute network components.
Based on Network Complexity, the global Zero-Touch Provisioning market has been segmented into multi-vendor environment, complex network architecture, and dynamic network environment The sophisticated network architecture category dominated the market in 2022 with a market share of more than 43.0%.
Based on Enterprise Size, the global Zero-Touch Provisioning market has been segmented into large enterprises and small & medium enterprises. Due to the growing implementation of zero touch provisioning, network virtualization tools, and network automation inside large companies, the large enterprises segment dominated the total market in 2022.
Based on Industry, the global Zero-Touch Provisioning market has been segmented into IT & telecommunications, manufacturing, healthcare, retail, and others. The market was led by the IT & Telecommunications segment in 2022 as a result of the rise in linked consumer goods.
Regional Analysis
The global Zero-Touch Provisioning market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Zero-Touch Provisioning market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Zero-Touch Provisioning market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Zero-Touch Provisioning market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Zero-Touch Provisioning Market dominated this market in 2022 approximately the duration of the forecast period, Asia Pacific dominated with a market share of approximately 45.80%. The increase in the number of connected devices in the area, the speedy uptake of zero touch provisioning by big organisations and SMEs, and the growing usage of network automation technologies are all responsible for the development. Growing alliances, joint ventures, investments in smart city infrastructure, and the introduction of new products are all making significant contributions to the growth of the Asia Pacific market, which is the driving force behind the region's development.
Additionally, American Continent Zero-Touch The second-largest market share belongs to the provisioning sector. North America is expected to grow significantly throughout the course of the projection period. With a highly developed infrastructure and a sizable research and development base, the region will be able to control the global market in terms of revenue for the predicted amount of time. Because of an established infrastructure, modern technologies, like ZTP, have been able to be adopted more swiftly.
Moreover, the Europe Zero-Touch Provisioning market holds the third largest share globally. The demand is fueled by sizable and dispersed consumer bases in Germany and the UK, which also open up new regional opportunities. The upgrade of network infrastructure and the region's growing need to reduce CAPEX are the major factors driving the rise. Furthermore, the region's unrealized potential is opening up new investment opportunities for advanced ZTP. Multinational firms are becoming more widespread in Europe, producing a sizable consumer base that offers lucrative prospects for the sector.
Key Findings of the Study
- The global Zero-Touch Provisioning market is expected to reach USD 7.3 Billion by 2032, at a CAGR of 10.80% during the forecast period.
- The Asia-Pacific Zero-Touch Provisioning Market dominated this market in 2022 approximately the duration of the forecast period, Asia Pacific dominated with a market share of approximately 45.80%.
- Based on Network Complexity, The sophisticated network architecture category dominated the market in 2022.
- Cisco Systems, Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., ZTE Corporation, Juniper Networks, Inc., Hewlett Packard Enterprise Development LP, Arista Networks, Inc., Extreme Networks, and Riverbed Technology.
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Companies Covered | 15 |
Pages | 128 |
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