Dublin, June 24, 2024 (GLOBE NEWSWIRE) -- The "Zero Touch Provisioning Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The zero touch provisioning (ZTP) sector is experiencing a formidable growth trajectory. After reaching a market size of $3.51 billion in 2023, it is expected to expand at a compound annual growth rate of 16.6%, achieving $4.1 billion in 2024. Factors fueling this growth include the rapid adoption of smart devices, an escalating desire for connected consumer products, and the widespread deployment of the Internet of Things (IoT) in industrial domains.
Advancements in artificial intelligence and machine learning, alongside the proliferation of IoT devices, are propelling the market forward. As a result, the sector's value is projected to almost double by 2028, reaching $7.7 billion at a CAGR of 17.1%. This remarkable expansion is further encouraged by the demand for faster network provisioning, the increased complexity of network infrastructures, and the growing reliance on cloud-based services.
The Role of 5G Connectivity
5G deployments are further stimulating the ZTP market, with the technology's ability to offer substantial improvements over previous generations in terms of speed, capacity, and reliability. Industry data indicates momentous strides in 5G adoption. In North America, there were an astonishing 151 million 5G connections by September 2023, and this figure is expected to climb significantly by 2028. The evolution and deployment of 5G networks are instrumental in the rise of zero touch provisioning by enabling faster and more efficient remote device management.
Innovations and Strategic Acquisitions
Pioneers in the ZTP market are focusing on revolutionary automation solutions, such as True Zero-Touch Automation, to enhance the efficiency of deployment processes without manual intervention. Moreover, prominent corporate initiatives, such as strategic acquisitions, are positioning companies to accelerate IoT adoption and provide cutting-edge connectivity solutions aimed at streamlining deployments and offerings related to zero touch provisioning.
Global Market Dynamics
In terms of regional predominance, Asia-Pacific leads the ZTP market, while North America is poised for rapid growth within the forecast period. This concise analysis has provided a glimpse into the sector both globally and across key specific regions, identifying major market players and the underlying forces shaping this dynamic industry.
Exploring Zero Touch Provisioning
Zero touch provisioning signifies a leap forward in network device and infrastructure deployment. By automating these processes, it minimizes manual errors and boosts operational efficiency. The technology has established its relevance across platforms and services, catering to a broad spectrum of industries and varying sizes of enterprises.
The zero touch provisioning market continues to flourish, backed by its unique ability to facilitate a more streamlined, secure, and cost-effective implementation of network infrastructures. With its growing indispensability in contemporary technological ecosystems, this sector remains pivotal to the progressive momentum of digital transformation initiatives worldwide.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $4.1 Billion |
| Forecasted Market Value (USD) by 2028 | $7.7 Billion |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes, but is not limited to:
- 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
For more information about this report visit https://www.researchandmarkets.com/r/uh6ihh
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