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Diving into the Zero Touch Provisioning Market: Trends, Growth Projections & Industry Analysis
Zero Touch Provisioning Global Market Report 2024
According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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Major Key Players of the Market:
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
Zero Touch Provisioning Market 2024 Key Insights:
• 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%.
• 5G Networks Fuels Growth In Zero Touch Provisioning Market
• Integration Of Cloud Services In Zero Touch Provisioning Market
• Asia-Pacific was the largest region in the zero touch provisioning market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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