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Zero Touch Provisioning Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033

05-09-2024 08:08 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Zero Touch Provisioning Market

Zero Touch Provisioning Market

The zero touch provisioning market size has grown rapidly in recent years. It will grow from $3.51 billion in 2023 to $4.10 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to rising adoption of smart devices, growing number of connected consumer devices, rising adoption of industrial internet of things, increased demand for connected devices, growth in internet of things devices.

The zero touch provisioning market size is expected to see rapid growth in the next few years. It will grow to $7.70 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to integration of artificial intelligence and machine learning technologies, expansion of the internet of things and efficient device onboarding, increasing demand for faster network provisioning and scalability, rising adoption of cloud based services and virtualization technologies, growing complexity of network infrastructures. Major trends in the forecast period include standardization and interoperability, cloud native provisioning, expansion into new verticals, self-healing and autonomous operations, ecosystem collaboration and partnerships.

Market Overview -
Zero-touch provisioning (ZTP) is a method of automating network devices and infrastructure deployment and configuration without requiring manual intervention or human interaction. This method simplifies and accelerates network infrastructure deployment by automating the configuration process, reducing manual errors, and improving operational efficiency.

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5G Networks Fuels Growth In Zero Touch Provisioning Market
Increasing deployment of 5G networks is expected to propel the growth of the zero-touch provisioning market going forward. 5G refers to the fifth generation of wireless cellular technology and provides better capacity, more reliable connections, and faster upload and download rates than earlier networks. The deployment of 5G networks is driven by the demand for faster data speeds, lower latency, and support for a vast array of connected devices. 5G networks enable zero-touch provisioning, streamlining device setup and management remotely with enhanced speed and efficiency. For instance, in September 2023, according to 5G Americas, a US-based industry trade organization, North America had 151 million 5G connections and 496 million LTE connections in the 2nd quarter of 2023 and is expected to reach 669 million by 2028. Therefore, the increasing deployment of 5G networks is driving the growth of the zero-touch provisioning market.

Competitive Landscape -
Major companies operating in the zero touch provisioning market are China Mobile Communication Corporation, Verizon Communications Inc., Huawei Technologies Co Ltd., Hewlett Packard Enterprise Development LP, Cisco Systems Inc., Qualcomm Technologies Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, Reliance Jio Infocomm Ltd., Juniper Networks Inc., Arista Networks Inc., Emirates Integrated Telecommunications Company P.J.S.C., Extreme Networks Inc., NetBrain Technologies Inc., Indonet, Itential LLC, Parallel Wireless Inc., BlueCat Networks Inc., Anuta Networks International LLC, Entuity Limited, Apstra Inc., Riverbed Technology LLC, Trace3 Inc

Integration Of Cloud Services In Zero Touch Provisioning Market
Major companies operating in the zero-touch provisioning market are focused on developing innovative solutions, such as True Zero-Touch Automation, to increase their profitability in this market. True Zero-Touch Automation seamlessly integrates with cloud services, automating device deployment and configuration without manual intervention. For instance, in July 2021, Lantronix Inc., a US-based provider of secure data access and management solutions, launched True Zero-Touch Automation for Remote Device Provisioning with the ConsoleFlow Cloud-Based SaaS Platform, a software platform that provides True Zero-Touch automation by provisioning remotely. This automation streamlines onboarding for Lantronix IoT and Out of Band (OOB) devices, reducing on-site visits and costs. It allows centralized asset management, automated monitoring, and mobile access via iOS or Android. True zero-touch automation includes device import, firmware updates, and secure cloud updates, boosting efficiency and cutting errors.

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Key Segments -
The zero touch provisioning market covered in this report is segmented -
1) By Component: Platform, Services
2) By Network Complexity: Multi-Vendor Environment, Complex Network Architecture, Dynamic Network Environment
3) By Device Type: Routers, Switches, Access Points, Firewalls, Internet Of Things Devices, Other Device Types
4) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Industry: Information Technology And Telecommunications, Manufacturing, Healthcare, Retail, Other Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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