Network automation is the procedure that applies software to automate the network, security provisioning, and management, with the aim to provide maximum functionality and efficiency of the network. The major benefits associated include the replacement of manual processes with software configuration, network management, zero-touch provisioning, and testing capabilities of network automation. This network automation is used by different service providers and enterprises, in order to improve efficiency, reduce operating expenses and human error.
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The Global Network Automation Market is anticipated to grow with a significant CAGR, with a market value of $2.9 billion in 2020, and is projected to reach $22.58 billion by 2027 during the forecast period. The market is expected to grow with an estimated CAGR of 24.2% during the forecast period 2024-2031. The rising network traffic and cloud infrastructure with growing transition in data centers, propels the need for network automation solutions with the aim to enhance the management of network traffic across all environments to complete network visibility are some major factors that are expected to drive the growth of the global network automation market during the forecast period.
The increasing adoption of automation technologies and the rise in adoption of smart and connected devices are some additional market drivers which are responsible to raise the growth of the global network automation market. The increase in adoption of automation technologies which includes- machine learning and artificial intelligence (AI), encourages enterprises to improve troubleshooting of various network issues with the help of real-time data monitoring. This will implement the rise in demand for network automation and is expected to exhibit a sequential rise in the Global Network Automation Market.
The market players operating the Global Network Automation Market include – Cisco Systems Inc., VMware Inc., Red Hat Inc., IBM Corporation, Juniper Networks, BMC Software, Anuta Networks, Fujitsu Group, and Nokia Corporation. In 2020, Anuta Networks collaborated with juniper Networks with the aim to merge its up-to-date ATOM platform into Juniper’s existing network automation portfolio, which is projected to increase the market size, shares, and revenues of the Global Network Automation Market.
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Market Coverage
- Segment Covered-
o By Component
o By Deployment Model
o By Industry Size
o By Networking Type
o By Industrial Vertical
- Competitive Landscape- Cisco Systems Inc., VMware Inc., Red Hat Inc., IBM Corporation, Juniper Networks, Micro Focus International plc., BMC Software, Fujitsu Group, Itential, Hewlett Packard Enterprise Development, Arista Networks and Nokia Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Automation Market Segment
By Component
- Solutions/software
- Professional Services
By Deployment Model
- On-Premise
- Cloud-Based
By Industry Size
- Large Enterprise
- Small and Mid Sized Enterprise
By Networking Type
- Physical Networking
- Virtual Networking
- Hybrid Networking
By Industrial Vertical
- CSPs
- Data Centers
- Enterprises
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