Network Automation Market

Network Automation Market Size, Share, Growth (2023-2028)

Network Automation market was assessed to be USD 2.9 billion in the year 2023 which is expected to increase to USD 8.9 billion by the end of 2028 with a compound annual growth rate of 24.8%.

Network Automation Market Overview:

The market value of network automation is estimated to increase more in the coming years with the rising digitization trends worldwide. In general, Network Automation is the process of some strategies such as automating the configuration, management, testing, deployment, and operations of physical and virtual devices within a network and also it is a methodology in which the software will automatically configure, provisions, manages and tests the network devices that was used by different enterprises and service providers to improve efficiency and reduce human error and operating expenses.

Recent Market Developments

• In the month of June 2020, Cisco company has introduced a new intent-based networking solution to optimize business and network operations that provides a dynamic business environment for its customers as well as it increases the client engagement rate for the company.

• In the month of June 2020, HP (Hewlett Packard) enterprises has announced their acquisition with Silver Peak which was a software-defined wide area network company to strengthen the network portfolio of the company.

Network Automation Market Drivers

Increasing network traffic is one of the major driving factors of the global Network Automation market growth rate. Another significant growth factor of the worldwide Network Automation market was rise in cloud infrastructure that leads to a significant transition in data centres around the world. The surge in investments in research and development and the adoption of emerging automation solutions by the major players of the market are some of the growth-supporting factors of the market for Network Automation in terms of revenue rate.Availability of open-source automation tools is one of the major restraints that hinders the growth of the worldwide Network Automation Market. Another prominent challenge effecting the expansion of the market of Network Automation was the rise in security threats.

GLOBAL NETWORK AUTOMATION MARKET REPORT COVERAGE:

Network Automation market segmentation

The global Network Automation market is segmented on the basis of component, on the basis of network type, on the basis of deployment mode, on the basis of end-users, on the basis of organization size, on the basis of vertical and on the basis of geography.

By Component:

the global Network Automation market is segmented into solutions and services. The solutions segment is further divided into network automation tools, intent-based networking. The services segment is divided into professional services that include advisory and consulting, training and support, deployment and integration and managed services. Among these, the solution segment holds a substantial share of the global market.

By Network Type:

the market of Network Automation is divided into physical networks, virtual networks and hybrid network.

By Deployment Model:

the Network Automation market is segmented into two types, namely cloud and on-premises. Among these, the cloud segment holds the major share of the market as it enables fast and secure network configuration by leveraging cloud computing capabilities.

By End User:

the market for network automation is bifurcated into two types, namely enterprise vertical and service providers.

By Organization Size:

the market of network automation is bifurcated into small and medium-sized enterprises and large enterprises.

By Vertical:

the market of network automation is separated into Information Technology, banking, financial services and insurance (BFSI), manufacturing, healthcare, energy and utilities, education, media and entertainment, retail and government and defence.

Regional Analysis

The Network Automation market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe region (UK, France, Germany, Spain, Italy and rest of Europe), Asia Pacific region (India, Japan, China, Australia and rest of Asia Pacific) and rest of the world.

North America region holds the major share of the market due to the presence of some of the key industry players in the area as well as the enterprises and service providers are continuously changing their network infrastructure with advanced technologies.

Asia Pacific region holds the second largest share of the market of Network Automation owing to the high internet penetration, increasing network traffic and purchase of smartphones in nations like India, China, Australia, Japan, etc.

Europe region is expected to increase the market value of Network Automation owing to the rise in cloud infrastructure that is supposed to boost the market in this area in future.

Key players

1. Volta Networks

2. Sedona Systems

3. VMware

4. BMC Software

5. Anuta Networks

6. Apstra

7. BlueCat

8. Cisco

9. Juniper Networks

10. IBM

11. Micro Focus

12. NetBrain

13. Versa Networks

COVID-19 impact on Network Automation Market

Due to the lockdown, the work-from-home routine has been used by many companies in several countries which in-turn increases internet traffic. This is increasing the need for network automation solutions that is used to manage the rising network traffic. Since the lockdown has lifted in so many companies with some strict regulations by the government authorities and gave permission to all the industries to restart their manufacturing units. Coronavirus has impacted global industries in three ways, by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets due to the strict lockdown imposed by government authorities all around the world.As per the analysis, the market for Network Automation is foreseen to increase the revenue rate in the next few months with all the industries starting the manufacturing of the products, which in turn going to increase the revenue rate of the Network Automation market in future.