|Cisco Systems Inc. (U.S.)|
|Juniper Networks Inc. (U.S.)|
|IBM Corporation (U.S.)|
|Micro Focus International plc (U.K)|
|NetBrain Technologies Inc. (U.S.)|
|SolarWinds Inc. (U.S.)|
|Riverbed Technology Inc. (U.S.)|
|BMC Software (U.S.)|
|Market Driving Forces|
|Reduction in human errors are leading to its wide popularity The rise of cloud-based storage options|
The network automation market is growing at a very fast rate with increasing penetration of the internet across the globe. The industry share was valued at USD 27 billion in 2023. With improvements in the living standard of people, people are being increasingly dependent on the internet and mobile devices to perform daily tasks. Therefore, it has led to the complexity of network systems whose handling is difficult without automation.
Network automation is the use of special software and hardware to manage network resources and services. It helps in speedy dealing of network problems and in reducing human errors. Moreover, it also enables enterprises to cut operating costs and improve working efficiency. The Global network automation market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.05% over the forecast period 2022-2030.
The Global network automation market is witnessing rapid growth with an increase in global data traffic. Technological advancements in software and hardware technology, machine learning, and Artificial Intelligence have been proven to be efficient in handling network outages.
The Global network automation market value is expected to be worth USD 106.97 billion by the end of the current forecast period in 2030.
Covid-19 pandemic visualized the need for network automation. The quick spreading nature of the virus forced companies and organizations to provide work-from-home options to curb the virus spread. Therefore, the reliance of institutions upon network systems increased by manifolds, speeding the process of network automation by service providers.
Similarly, the concept of online classes and online meetings also demanded automation for providing constant and reliable network services. Hence, the covid pandemic led to an increase in dependence on the internet and telecommunication systems which provided a boost to the growth of the global network automation market.
The increasing number of internet users and growing reliance upon network systems for daily tasks is driving the growth of the global network automation market. The incomparable benefits of automation like cost reduction and reduction in human errors are leading to its wide popularity. Therefore, automation has become essential to handle the growing network traffic. The rise of cloud-based storage options with more companies and institutions offering online services is also generating the demand for network automation.
Network automation helps to strengthen an enterprise's image by enabling punctual and consistent delivery of better service. The heavy investments in the development of the IT infrastructure and telecommunication sector by public and private organizations across the globe are also propelling the market growth. Moreover, the advancements in machine learning, AI, software development, etc. will bring better prospects for the growth of the global network automation market.
The high initial cost for setting up a network automation system is a major restraining factor for the growth of the global network automation market. Moreover, as network automation is rigidly set, it does not show flexibility while dealing with complex problems. Hence rigidity of network automation is also a major restraining factor for market growth.
Network automation refers to the use of software for configuration, management, and testing operations of a computer network. It enables speedy rollout of the services of IT companies and helps them in dealing with complex network problems. Network automation helps enterprises and service providers to lower operating costs, increase efficiency, and eliminate human errors.
Network automation has become an essential tool for enterprises to deliver a consistently higher level of services. It plays a vital role in network virtualization and SD (Software-defined) networking, allowing automated provisioning of virtual network functions. Automation can be deployed in various types of networks such as data center networks, cloud networks, wireless and WAN (Wide Area Networks) through an application programming interface.
The specific objectives of this market report on the network automation market are given below:
The SD-WAN technology under the solution segment is the most popular component of the network automation market. SD-WAN improves the performance of a network by lowering complexity and by enabling higher security. This platform offers a simple management interface, speedy access to the cloud, and ultimately lowers operating costs.
By Network Infrastructure
Hybrid network configuration is a reliable technology and offers considerable flexibility while dealing with network problems.
The cloud deployment segment is expected to grow at a higher rate. This deployment method is cost-effective and offers high security to the users.
By Organization Size
Large enterprises lead the market due to the availability of sufficient funds. Whereas high initial cost is a potential hindrance for SMEs.
The different regional markets for the global network automation market are:
North America dominates the market owing to higher literacy rates and greater penetration of the internet. The presence of major global IT companies also generates huge demand for network automation in this region.
Asia-Pacific is the fastest-growing market segment. The rapidly growing presence of IT companies and the increasing penetration of the internet is contributing to the market growth. Moreover, favorable government policies and huge investment in the development of IT infrastructure will further propel the market growth in this region.
Europe also holds a significant share of the global network automation market. Higher literacy rates and the presence of several renowned R&D institutes account for most of the demand. Furthermore, greater reliance on the internet owing to an improved standard of living is likely to fuel the market growth. Latin America, Africa, and the Middle East region are expected to grow at a moderate rate over the forecast period.
The major global companies playing a key role in this market are:
This report will be beneficial for every stakeholder of the network automation market such as:
This report from Market Research Future provides an in-depth analysis of the network automation market in terms of current value and future forecast. This report has also highlighted the problems and prospects of the given market. Moreover, the technological analysis section of the report will help in understanding the product and its market prospects. Furthermore, this report contains a detailed analysis of different market segments for the current forecast period. This report has also identified the key players and the current developments in the network automation industry.
|Market Size||USD 106.97 Billion By 2030|
|CAGR||10.05% From 2022 to 2030|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Deployment|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||Cisco Systems Inc. (U.S.) Juniper Networks Inc. (U.S.) IBM Corporation (U.S.) Micro Focus International plc (U.K) NetBrain Technologies Inc. (U.S.) SolarWinds Inc. (U.S.) Riverbed Technology Inc. (U.S.) BMC Software (U.S.) Apstra (U.S.) BlueCat (Canada)|
|Key Market Opportunities|
|Key Market Drivers||The increasing number of internet users and growing reliance upon network systems for daily tasks is driving the growth of the global network automation market.|
Network Automation Market is Expected to Reach US$ 106.97 Billion with 10.05% CAGR by 2030.
The segments of the network automation market, by network infrastructure, are virtual network configuration, physical network configuration, and hybrid network configuration.
The Network Automation Market includes Amazon Web Services (US), AT & T Inc (US), Cisco System (US), Google Inc. (US), Oracle Corporation (US), Dell Inc. (US) and Microsoft Corporation (US) like key players.