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Autonomous Networks Market worth $17.5 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, May 31, 2024 /PRNewswire/ — The market for autonomous networks will be defined in the future by the incorporation of cutting-edge technology, support for newly developing network requirements, improved security, operational effectiveness, and an emphasis on sustainability and user experience. Autonomous networks will continue to expand and change due to these dynamics, becoming an essential component of contemporary digital infrastructure.

The Autonomous Networks Market is expected to reach USD 17.5 billion by 2029 from USD 7.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 20.1% during the forecast period, according to a new report by MarketsandMarkets™.

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150 – Tables
50 – Figures
250 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD) Billion

Segments Covered

By Offering (Solutions, Services), and End-user (Service Providers, Verticals)

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Companies covered

Ericsson (Sweden), Nokia (Finland), NEC Corporation (Japan), Huawei Technologies Co., Ltd (China), Hewlett Packard Enterprise (US), Cisco Systems (US), IBM Corporation (US), Ciena (US), Extreme Networks (US), Arista Networks (US), Broadcom (US), ZTE Corporation (China), Allied Telesis (Japan), Logic Monitor (US), SolarWinds Worldwide (US), BMC Software (US), Drivenets (Israel), Versa Networks (US), Arrcus (US), Intraway (Argentina), Augtera (US), Auvik Networks (Canada), Infovista (France), and Innovile (Turkey). 

The Autonomous Networks Market is undergoing significant transformation due to advancements in AI and ML, the rollout of 5G technology, and the increasing demand for high-speed, reliable internet connectivity. Additionally, the growing need for enhanced network security and the expansion of IoT devices drive the adoption of autonomous network solutions for better performance, efficiency, and resilience. This market is divided into segments based on different aspects, such as the type of offering and end users. Offering ranges from essential solutions such as AI networking, AIOPS, Network Management Tools, and other solutions along with various services such as consulting, system integration, & deployment, support & maintenance. End Users include both service providers and verticals such as hospitality, education, government, healthcare, transportation and logistics, and other verticals. These segments collectively offer a comprehensive overview of the evolving autonomous networks landscape and its potential business implications.

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“Based on end users, service providers segment to hold the largest market size during the forecast period.”

Within the Autonomous Networks Market, the service providers segment is estimated to capture the largest market size throughout the forecast period of 2024-2029. Service providers are at the forefront of adopting cutting-edge technologies to enhance their network efficiency and reliability, and autonomous networks offer a compelling solution to meet these evolving needs. The increasing demand for seamless connectivity, driven by the spread of IoT devices and the growing popularity of bandwidth-intensive applications, compels service providers to invest in autonomous network solutions to ensure uninterrupted service delivery. Additionally, the rising complexities in network management and operations necessitate deploying autonomous systems to streamline processes and reduce operational costs. Moreover, regulatory mandates and industry standards emphasizing network optimization and security further incentivize service providers to integrate autonomous capabilities into their infrastructure. Overall, the service providers’ segment is set to lead the Autonomous Networks Market as organizations prioritize agility, scalability, and innovation to stay competitive in the digital landscape.

“Based on offering, the services segment is expected to hold a higher growth rate during the forecast period.”

In the forecast period of 2024-2029, the services segment within the Autonomous Networks Market is anticipated to experience notable growth. As companies increasingly adopt autonomous network solutions, there will be a growing demand for specialized expertise to guide them through the implementation process. Consulting services will be crucial in advising businesses on the most effective strategies to integrate autonomous network technologies into their existing infrastructure. Additionally, as these technologies become more sophisticated, there will be a heightened need for ongoing support and maintenance to ensure optimal performance and reliability. Support & maintenance services will thus be in high demand for timely assistance and troubleshooting. Moreover, the complexity of deploying autonomous network solutions requires expert aid in seamlessly integrating them into diverse IT environments. System Integration & deployment services will, therefore, see increased demand as businesses seek to minimize disruptions and maximize the efficiency of their autonomous network deployments.

Asia Pacific is expected to hold a higher growth rate during the forecast period.”

The Asia Pacific region is expected to achieve a higher growth rate in the Autonomous Networks Market from 2024 to 2029 due to several compelling factors. The region’s rapid technological advancements and extensive adoption of 5G technology provide a strong foundation for autonomous network implementations. Additionally, Asia Pacific is home to some of the world’s largest and most densely populated countries, leading to a high demand for efficient and scalable network solutions to support the number of connected devices and users. The presence of major technology companies and innovative startups in countries such as China, Japan, and South Korea further accelerates the development and deployment of autonomous network technologies. Moreover, supportive government policies and significant investments in digital infrastructure across the region enhance the growth prospects of the Autonomous Networks Market. Lastly, the increasing emphasis on smart cities and digital transformation initiatives drives the need for advanced network solutions supporting complex and diverse applications.

Top Key Companies in Autonomous Networks Market:

The major vendors covered in the Autonomous Networks Market are Ericsson (Sweden), Nokia (Finland), NEC Corporation (Japan), Huawei Technologies Co., Ltd (China), Hewlett Packard Enterprise (US), Cisco Systems (US), IBM Corporation (US), Ciena (US), Extreme Networks (US), Arista Networks (US), Broadcom (US), ZTE Corporation (China), Allied Telesis (Japan), Logic Monitor (US), SolarWinds Worldwide(US), BMC Software (US), Drivenets (Israel), Versa Networks (US), Arrcus (US), Intraway (Argentina), Augtera (US), Auvik Networks (Canada), Infovista (France), and Innovile (Turkey). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Autonomous Networks Market.

Recent Development

In December 2023, Ericsson and AT&T collaborated in an industry-defining roughly USD 14 billion five-year network transformation and digitalization strategic agreement to pioneer the path to programmable and intelligent networks of the future.

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Autonomous Networks Market Advantages:

Through real-time modifications and self-optimization, autonomous networks optimise resource allocation and consumption, lowering latency and enhancing overall network performance.Autonomous networks save operating costs by automating common network administration chores. Predictive maintenance can help minimise downtime and lessen the need for manual interventions.As network usage increases, these networks can adapt dynamically to different traffic loads and service needs, guaranteeing reliable performance and high-quality service.Artificial intelligence (AI) and machine learning are used by autonomous networks to anticipate and avert possible faults, improving reliability and guaranteeing increased network availability and uptime.Network interruptions are lessened when problems are automatically detected and resolved, which results in faster reaction times and a shorter mean time to repair (MTTR).Advanced security features found in autonomous networks can identify and address threats in real-time, offering strong defence against cyberattacks and guaranteeing data integrity and privacy.Network administrators may more easily supervise and manage network operations, even in expansive and complicated environments, thanks to automation, which makes complex network administration duties simpler.With the flexibility to accommodate new and developing applications, autonomous networks facilitate the deployment and management of cutting-edge services like edge computing, 5G, and the Internet of Things.

Report Objectives

To determine and forecast the global Autonomous Networks Market based on offering, end-user, and region from 2024 to 2029, and analyze the various macro and microeconomic factors that affect the market growthTo forecast the size of the market segments with respect to five key regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)To provide detailed information related to the major factors (drivers, opportunities, and challenges) influencing the growth of the Autonomous Networks MarketTo analyze each submarket with respect to the individual growth trends, prospects, and contributions to the total Autonomous Networks MarketTo analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Autonomous Networks MarketTo profile the key market players comprising top vendors and startups, provide comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscapeTo track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research & Development (R&D) activities, in the market.

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Get access to the latest updates on Autonomous Networks Companies and Autonomous Networks Industry

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Neusoft Education officially renamed as ” Neutech Group Limited “, accelerating the advancement of the “education-healthcare-wellness and mind tour” strategy in a new stage

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HONG KONG, Jan. 11, 2025 /PRNewswire/ — On 9 January, Neusoft Education (09616.HK) announced that the Company’s English name will change from “Neusoft Education Technology Co. Limited” to “Neutech Group Limited”. The name change will take effect on the same day.

According to the announcement, the Company’s renaming to “Neutech Group Limited” better reflects its strategic transformation and upgrade, and more accurately demonstrates its five-in-one industry layout of “education-healthcare-wellness and mind tour”. This will establish a new corporate brand image and highlight the Company’s comprehensive strength in technological innovation and integrated development. Starting with the name change, the Company will focus on education and adapt to the aging economy, promoting the parallel development of academic education, continuing education, senior education, and resource output. This will create a business model of “education-assisted healthcare, education-assisted wellness, medical-care conversion, medical-education assistance, care-supported medicine, and care-education assistance”. Driven by technology and platform research and development, the company will achieve integrated development of education, medicine, care, health, and tourism, as well as efficient use of human, financial, and material resources. This will build a harmonious and inclusive “education + technology + medical care + health + tourism” prosperous ecosystem. It is expected to further enhance the Company’s brand reputation and industry influence, and support its sustainable development.

Neutech Group, as a pioneer in the “education-healthcare-wellness and mind tour” ecosystem in China, successfully listed on the Main Board of the Hong Kong Stock Exchange on 29 September 2020, becoming the “first stock of IT higher education” (stock code: 9616.HK). With the broad market opportunities brought by the aging population and the positive support of policies for the development of the elderly care industry, the Company leverages its innovative research and development capabilities in “education + technology + medical care” to build a new ecosystem of integrated development of ” education-healthcare-wellness and mind tour”.

In the education technology business sector, the Company will retain the main body of ” Neusoft Education Group” and continue to operate academic education, continuing education, and resource output businesses. Based on IT innovation education, the Company will further develop the “digital media” and “medical care” fields, build an integrated ecosystem of “education-healthcare-wellness”, and consolidate the core competitiveness of education technology in the future. The Company will also establish a characteristic product and service system based on the 4S model, providing first-class platforms, resources, models, and management services to governments, universities, hospitals, and health care institutions, continuously empowering partners’ reform and development.

In the elderly education and elderly care technology business sector, following the concept of “Elderly care starts with prevention, education drives elderly care, and technology empowers elderly care”, the Company has deeply developed elderly education through Neuedu Phoenix Academy and created a unique “LIFECARES” model of integrated elderly education with “leisure, care, medical services, education, and integration”. Using top-notch medical and care services and platform services to empower the elderly to live a happy life, the Company is building a dream university for active seniors. In addition, the Company will strengthen the training of elderly care service personnel by creating a one-stop industry chain of “university training + training + intern + human resource services”. On the other hand, the Company will build a medical and care technology operation service model, create an elderly care solution industrial ecosystem through the output of overall smart elderly care solutions and elderly care technology products and services, and achieve mutually beneficial cooperation with ecological partners.

In the medical and health care service sector, the Company integrates customer management service systems to provide intelligent medical and elderly care information solutions, and create a “medical care and elderly care” integrated development system with treatment-based medical institutions, rehabilitation-based nursing institutions, and care-based elderly care institutions. Its subsidiaries, Ruikang Cardiovascular Hospital, Dalian Ruikang Zhuomei Stomatology Hospital Co., Ltd., and Wecare Family Nursing Home, have been put into operation.

In the wellness tourism sector, targeting energetic seniors, the Company integrates tourism, education, and elderly care into one, with a focus on “leisure learning, slow travel, and peaceful living”. Through the concept of “study-travel-care”, seniors can experience a variety of dimensions of “learning-travel-care” in their travel and learning process, creating a comprehensive elderly education model that provides opportunities for art experiences, promotes physical and mental relaxation, enhances cultural literacy, and expands social interaction.

In addition, the Company expands its industrial management and service sector, with the vision of building a better life and using technology to empower intelligent logistics. It explores diverse, characteristic, and value-added service models to meet the diverse needs of internal and external customers, continuously expanding its brand reputation and social influence.

With its keen market insight and deep accumulation of industry and education resources, Neutech Group Limited actively embraces the development of the silver-haired economy, timely enters new tracks, and improves its position in the industrial ecosystem. Now, the Group’s new layout of “education-healthcare-wellness and mind tour ” has been formed, which not only helps to create a new growth curve but also continuously expands new development margins, moving towards becoming a leader in the development of the “education-healthcare-wellness and mind tour” ecosystem.

CONTACT: Lin Wei, weilin@neuedu.com

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SOURCE Neutech Group Limited

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RoboSense and Coco Robotics Forge Strategic Partnership to Revolutionize Autonomous Last-Mile Delivery

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LAS VEGAS, Jan. 12, 2025 /PRNewswire/ — RoboSense (2498.HK), a global leader in AI-driven robotics technology, and Coco Robotics, an innovator in delivery robots, have announced a strategic partnership to transform last-mile logistics. By combining RoboSense’s advanced sensor technology with Coco Robotics’s delivery solutions, the collaboration aims to enhance safety, efficiency, and sustainability in urban networks.

Coco Robotics bridges the gap between local businesses and customers through advanced navigation and real-time tracking, prioritizing sustainability by reducing carbon emissions and delivery costs. Since its launch in 2020, the company has expanded operations to major U.S. and European cities, forming partnerships with food delivery leaders like Uber Eats and DoorDash to meet the growing demands of modern logistics and support a greener future.

This partnership addresses key challenges in autonomous last-mile delivery by integrating RoboSense’s perception solutions into Coco Robotics’s fleet to enhance navigation and obstacle detection. Together, the companies are accelerating the deployment of delivery robots to optimize efficiency and scale operations.

“We’re thrilled to collaborate with RoboSense to push the boundaries of what’s possible in last-mile delivery,” said Zach Rash, Co-founder and CEO of Coco Robotics. “This partnership strengthens our ability to provide safe, reliable, and sustainable delivery solutions at scale, helping us better serve businesses and communities.”

Mark Qiu, CEO of RoboSense, said, “The successful collaboration with Coco Robotics is one of the key milestones in RoboSense’s global strategy. By combining our visual sensor technology with Coco Robotics’ innovative robotics solutions, we aim to redefine what’s possible in autonomous last-mile delivery. RoboSense will continue to innovate, providing superior incremental components and solutions to our global robotics customers. Partnering with Coco Robotics, we will create safer, smarter robotic delivery services and expand into global markets.”  

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotics technology company that supplies industry-leading incremental components and solutions for the robotics market. The company is committed to “Become the global leader in robotics technology platforms”, and its mission is “Safer world, Smarter life”. For more information about RoboSense, visit https://www.robosense.ai 

About Coco Robotics

Coco Robotics is the world’s largest urban robot delivery platform. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries, serving customers in the US and Europe. Coco’s mission is to create a more sustainable, reliable, and affordable last-mile logistics solution in cities around the world. For more information about Coco, visit cocodelivery.com  

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SOURCE RoboSense Technology Co., Ltd.

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AI Wellness Launches SoCal Fire Relief Initiative to Support Families and First Responders in Southern California

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LOS ANGELES, Jan. 11, 2025 /PRNewswire/ — Demonstrating a commitment to both innovation and compassion, AI Wellness has officially launched the SoCal Fire Relief Initiative to provide aid to families and first responders affected by the devastating fires in Southern California. Unveiled during CES 2025, this initiative aims to deliver critical resources and long-term recovery solutions to the communities hardest hit by this tragedy.

 

Southern California is more than just where we operate—it’s our home,” said Dr. Gideon Kwok, Co-Founder of AI Wellness. “The fires have left countless families without homes, belongings, and hope. This initiative is our way of giving back and rebuilding the lives of our neighbors and the first responders who have worked tirelessly to protect them.”

Let’s Take Action Together

The SoCal Fire Relief Initiative brings together individuals, brands, and organizations to address the urgent and long-term needs of affected communities. In partnership with the Mission Community Hospital Foundation and the Santo Niño Health Center, AI Wellness is leading efforts to:

Provide essential supplies such as food, water, clothing, and medical care to displaced families.Deliver hydration and wellness resources to first responders working on the frontlines.Support long-term community recovery through wellness programs and innovative solutions.

“It is during a crisis that the best of humanity comes out,” said Bernard Hiller. “It’s important for those affected to know they are not alone. This is a huge undertaking that we cannot do without you. These are our friends, neighbors, and family. Please help us.”

How You Can Help

The initiative provides several ways to make a difference:

Donate to Relief Efforts:
Contributions directly fund essential resources for families and first responders.Send Water to Evacuation Centers:
Every purchase of AI Wellness Water helps ensure first responders and displaced families stay hydrated, while also funding continued production and donation efforts.Spread Awareness:
Share the SoCal Fire Relief Initiative with your networks to amplify its reach and inspire collective action.Wellness Bundles:
Wellness bundle purchases such as the Powersuit, Smart Ring, and Mindbody Matrix Water, help support relief efforts with proceeds contributing to recovery initiatives.

DONATE HERE

Real Impact in Action

Since the fires began, AI Wellness and its partners have made a significant impact:

Delivered over 10,000 water packs to evacuation centers and first responders.Distributed 500 wellness bundles to displaced families.Donated proceeds from the first 1,000 AI Wellness Powersuits and 5,000 Smart Rings to relief efforts.Raised $250,000 to support critical aid and recovery.

“This initiative is about more than providing relief,” said Abby Aboitiz Founder of AI Wellness. “It’s about restoring hope and rebuilding our community, together.”

Uniting Brands and Innovators

During CES 2025, AI Wellness called on brands and innovators to collaborate on this critical mission. Companies can contribute by donating resources, partnering on curated wellness bundles, or amplifying awareness for the initiative.

“We’re inspired by the innovation and generosity of the brands we’ve met here at CES,” said Dr. TK Huynh, Medical Innovator at AI Wellness. “Together, we can transform this tragedy into an opportunity to rebuild lives and strengthen our community.”

Join the SoCal Fire Relief Initiative

Support the SoCal Fire Relief Initiative by visiting aiwellness.ai or contacting AI Wellness directly:

Email: info@aiwellness.aiInstagram: @aiwellnesstv

About AI Wellness

AI Wellness is a pioneer in health, wellness, and philanthropy, combining cutting-edge AI technology with innovative solutions to address the most pressing challenges facing communities today. From digital avatars to precision education and curated wellness bundles, AI Wellness empowers individuals and brands to make a meaningful impact.

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SOURCE Assisted Intelligence Wellness, Inc.

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