The size of the worldwide Network Orchestration market was USD 4.00 billion in 2021, and it is anticipated to grow to USD 22.58 billion by 2027, at a CAGR of 24.2%.
Network orchestration is the practice of automating the management, testing, and operation of both physical and virtual devices using the software. It makes use of a range of products and services, including managed services, network automation tools, and virtualization. To manage network resources and services, network automation also makes use of programmable logic. This helps the network operate as effectively and as possible. These tools make it possible to perform complicated operations including provisioning of virtual network resources and network configuration management as well as basic network mapping and device identification. In addition, it helps in the elimination of manual activities, getting network visibility, creating a trustworthy network, increasing operating speed, and identifying and fixing problems. Network orchestration is therefore frequently utilized in a variety of businesses, including banking, financial services, insurance, information technology (IT) and communications (BFSI).
A bright market outlook is being produced by the growing global usage of smart linked devices. By reducing configuration mistakes, network orchestration helps to simplify and scale network operations. In keeping with this, the increased need for network automation within enterprises to lower the likelihood of data theft and boost the level of customization is being facilitated by the growing worries about cloud security. Additionally, several technical developments, such as the incorporation of artificial intelligence (AI) and machine learning (ML), are boosting market expansion by improving troubleshooting and identifying inefficiencies and anomalies through real-time data monitoring. Additionally, the rising popularity of over-the-top (OTT) platforms and the growing demand for high-resolution and high-quality videos are both contributing to the market's expansion. By examining network failures, network orchestration helps to forecast network demand, improve network efficiency, and save operating costs. It is projected that further factors, such as a trend toward remote working options and rising research and development (R&D) activities, will propel the market even further in the direction of expansion.
The market has been divided into large enterprises and SMEs based on the size of the organization. Due to the rising desire for these types of automation solutions to monitor and manage extensive and sophisticated network infrastructure, the big business category now maintains the highest market share. Due to small firms' increased knowledge of automation, the SME category is anticipated to develop at the highest rate. Small firms naturally differ from established enterprises in terms of their organizational structures and business strategies. To keep ahead of the competition, SMEs are implementing clever automation solutions.
The market has been divided into the manufacturing, BFSI, healthcare, education, energy, and utility sectors. Since IT and telecom service providers are the solutions' early adopters, the IT and telecom category has the largest market share of all of them. Almost all sectors' IT departments have started building virtualized data centers with analytics to enable networks to withstand new demands and obstacles to establish contemporary responsive network architecture. The introduction of Industry 4.0, smart manufacturing, and industrial automation, among other factors, are projected to cause the manufacturing category to exhibit the greatest CAGR in the upcoming years. To enable businesses and their important clients and partners to access data, these activities demand safe and reliable connected production environments. Therefore, automation solutions are becoming more and more common in the industrial industry.
Geographically, the largest market share now belongs to North America, which is anticipated to continue to dominate over the projection period. Some of the reasons propelling the market expansion in the area include the rising number of data centers, a quickening movement of SMEs towards digitalization, and the rising investment in 5G projects. To increase their network capacity, several businesses in the US intend to implement highly effective wireless communication solutions. Employee productivity that uses cutting-edge software and digital data would benefit from this.
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