The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Significant Market Expansion

• Current Market Size: The zero touch provisioning market has experienced rapid growth, expanding from $3.51 billion in 2023 to $4.10 billion in 2024 at an impressive compound annual growth rate (CAGR) of 16.6%.
• Historic Drivers: This growth has been driven by the rising adoption of smart devices, the increasing number of connected consumer devices, the rise of the industrial Internet of Things (IIoT), and the overall growth in IoT devices and connectivity demand.

Future Market Projections

• Forecasted Growth: Looking ahead, the market is set to continue its robust expansion, reaching $7.70 billion by 2028 at a CAGR of 17.1%.
• Future Drivers: Key factors propelling this growth include the integration of AI and machine learning technologies, efficient device onboarding, increasing demand for faster network provisioning and scalability, the adoption of cloud-based services and virtualization, and the growing complexity of network infrastructures.

View More On The Zero Touch Provisioning Market Report 2024 – https://www.thebusinessresearchcompany.com/report/zero-touch-provisioning-global-market-report

5G Networks Fuel Growth

• Enhanced Connectivity: The deployment of 5G networks is significantly driving the zero touch provisioning market. 5G technology provides better capacity, reliable connections, and faster data speeds, which are essential for the proliferation of connected devices.
• Market Impact: According to 5G Americas, North America had 151 million 5G connections in the second quarter of 2023, with projections of reaching 669 million by 2028. This rapid growth in 5G connections facilitates zero-touch provisioning by streamlining device setup and management remotely.

Key Market Players

• Leading Companies: Major players in the market include China Mobile Communication Corporation, Verizon Communications Inc., Huawei Technologies Co Ltd., Hewlett Packard Enterprise Development LP, Cisco Systems Inc., and Qualcomm Technologies Inc.
• Competitive Landscape: These companies are focusing on innovation and developing advanced provisioning solutions to maintain their competitive edge and meet the evolving needs of the market.

Integration of Cloud Services

• Innovative Solutions: Companies are increasingly integrating cloud services to enhance zero touch provisioning solutions. For instance, Lantronix Inc. launched True Zero-Touch Automation in July 2021, which integrates with cloud services for automated device deployment and configuration without manual intervention.
• Benefits: This automation reduces on-site visits, cuts costs, and streamlines onboarding for IoT and Out of Band (OOB) devices, ensuring efficient and error-free operations.

Strategic Acquisitions

• Giesecke+Devrient (G+D) and Podsystem Limited: In July 2021, G+D acquired Pod Group to enhance IoT adoption through simplified deployments and secure connectivity solutions focused on zero-touch provisioning.
• Market Impact: This acquisition underscores the importance of strategic moves to strengthen market positions and drive innovation in zero touch provisioning.

Market Segmentation

• By Component: The market is segmented into platforms and services.
• By Network Complexity: Includes multi-vendor environments, complex network architectures, and dynamic network environments.
• By Device Type: Covers routers, switches, access points, firewalls, IoT devices, and other device types.
• By Enterprise Size: Comprises large enterprises and small and medium enterprises.
• By Industry: Includes IT and telecommunications, manufacturing, healthcare, retail, and other industries.

Regional Insights

• Asia-Pacific Dominance: Asia-Pacific was the largest region in the zero touch provisioning market in 2023, reflecting significant regional demand and adoption.
• North America Growth: North America is expected to be the fastest-growing region during the forecast period, driven by technological advancements and increasing adoption of 5G and IoT technologies.

Conclusion

The zero touch provisioning market is poised for continued rapid growth, driven by advancements in technology, the proliferation of 5G networks, and strategic industry developments. As the demand for connected devices and efficient network management rises, the market will play a crucial role in facilitating seamless and automated device provisioning. With ongoing innovation and expansion, the zero touch provisioning market is set to significantly impact the global technology landscape, supporting the growth of IoT and connected ecosystems.

Request A Sample Of The Global Zero Touch Provisioning Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=14824&type=smp

The Zero Touch Provisioning Global Market Report 2024  provides comprehensive insights on the zero touch provisioning market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the zero touch provisioning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Zero Trust Security Global Market Report 2024
Soft Touch Polyurethane Coatings Global Market Report 2024
Zero Emission Vehicle Global Market Report 2024
 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model