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3. Top Companies in Autonomous Networks Industry - Ericsson (Sweden) and Nokia (Finland)

The global Autonomous Networks Market size is projected to grow from USD 7.0 billion in 2024 to USD 17.5 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 20.1%.

Continued growth in the autonomous networks market is driven by advancements in AI and machine learning algorithms, which enable more efficient network management, enhanced security protocols, and scalability to meet the increasing demands of interconnected devices and applications. Additionally, the rising complexity of networks, coupled with the need for real-time decision-making, further fuels the adoption of autonomous network solutions among businesses and service providers.

Top Autonomous Networks Companies includes:

• Ericsson (Sweden),
• Nokia (Finland),
• NEC Corporation (Japan),
• Huawei Technologies Co., Ltd (China),
• Hewlett Packard Enterprise (US),
• Cisco Systems (US),
• IBM Corporation (US)

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The market players have adopted various strategies to strengthen their autonomous networks market position. Organic and inorganic strategies have helped the market players expand globally by providing a comprehensive suite of autonomous network solutions, boosting innovation through research and development initiatives, establishing strategic partnerships with key industry stakeholders, and facilitating mergers and acquisitions to strengthen their technological capabilities and market presence.

ERICSSON:

• Ericsson is a Swedish multinational telecommunications company. It is one of the globe’s largest telecommunications equipment manufacturers. The company provides numerous products and services, including mobile networks, fixed networks, cloud services, and managed services. Ericsson provides Wi-Fi solutions and services for segments, including utilities, transport, public safety, commercial and industrial real estate, and mobile operators. It has four operating segments: networks, cloud software and services, enterprise, and others. Ericsson's focus on autonomous networks primarily falls within its "Networks" segment, where it offers solutions like the Ericsson Operations Engine, Self-Organizing Networks (SON), and Network Manager. These solutions utilize AI, automation, and analytics to optimize network performance, streamline operations, and enhance customer experiences. The company has customers in 180 countries across North America, Europe, the Middle East & Africa, Latin America, and Asia Pacific. As of December 2023, Ericsson had an annual revenue of USD 24.8 billion and approximately 99,952 employees worldwide. The company has a geographic presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

NOKIA:

• Nokia operates through five major business groups: network infrastructure, mobile networks, cloud and network services, Nokia technologies, Group common and others. The network infrastructure provides the equipment, software, and services that enable all the physical links that power networks. The mobile networks segment creates products and services covering all mobile technology generations. The cloud and network services segment enables CSPs and enterprises to deploy and monetize 5G, cloud-native software, and as-a-service delivery models. The company’s fourth business segment, Nokia Technologies, is responsible for managing Nokia’s patent portfolio and monetizing Nokia’s intellectual property, including patents, technologies, and the Nokia brand. The Group common and other segment presents segment-level information and represents the amounts reported to the management for the purpose of assessing performance and making decisions about resource allocation. Nokia's autonomous networks solutions fall within its "Network Infrastructure" segment, where it offers a range of cutting-edge offerings. These include Nokia Autonomous Networking, which leverages AI and automation to enhance network performance and efficiency. Additionally, Nokia's Self-Organizing Networks (SON) automate optimization across wireless networks, while its network management and orchestration solutions streamline operations. On 14 January 2016, Alcatel-Lucent started operating as part of the Nokia Group. Nokia has a worldwide presence across Europe, the Middle East & Africa, Asia Pacific, North America, and Latin America.

NEC Corporation (Japan):

• NEC Corporation specializes in integrating IT and network technologies, providing advanced autonomous network solutions. NEC leverages AI and machine learning to enable self-managing networks that enhance operational efficiency and reliability. Their solutions are tailored for various industries, including telecommunications, public safety, and enterprise.

Huawei Technologies Co., Ltd (China)

• Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The company's autonomous network solutions utilize AI and big data analytics to deliver intelligent, self-optimizing, and self-healing network capabilities, focusing on improving network performance and reducing operational complexity.

Hewlett Packard Enterprise (US)

• Hewlett Packard Enterprise (HPE) offers comprehensive IT solutions, including autonomous networking products. HPE's autonomous network solutions are designed to optimize network performance and security through advanced automation, AI, and machine learning technologies, providing efficient and resilient network operations.

Cisco Systems (US)

• Cisco Systems is a global leader in networking hardware, software, and telecommunications equipment. Cisco's autonomous network solutions integrate AI and machine learning to automate network management, improve security, and enhance operational efficiency. Their solutions are designed to support digital transformation and next-generation network demands.

IBM Corporation (US)

• IBM provides a broad range of IT and networking solutions, including autonomous network technologies. IBM's autonomous networking solutions leverage AI, machine learning, and analytics to enable self-managing and self-optimizing networks. These solutions aim to reduce operational costs, enhance network reliability, and support the evolving needs of businesses in various sectors.

Related Reports:

Autonomous Networks Market by Offering (Solutions and Services), End User (Service Providers and Verticals (Hospitality, Education, Government, Healthcare, Transportation & Logistics)) and Region - Global Forecast to 2029