Network Automation Market Growth by Leading Key Players: Cisco, Juniper Networks, IBM, Micro Focus International, NetBrain, SolarWinds Worldwide, Riverbed, BMC, Fujitsu, Redhat, Intraway, Arista, Network to Code, Infloblox, Cumulus, Onapsis Efficient IP,

Network Automation Market in cloud network segment is projected to witness the highest market growth with a CAGR of more than 31% during the forecast period. The growth in this segment is attributed to an increased demand for the adoption of cloud-based services by start-ups and SMEs. An increase in the demand for Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) in private and public sectors has driven the market growth of cloud-based solutions in the market.

The SD-WAN held a market share of more than 67% in the network automation market in 2017. The automated provisioning principle of SD-WAN technology helps the enterprise to send data packets to its branches without having to configure any changes. Moreover, the cost-effectiveness of the SD-WAN will also foster the market growth.

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The software segment held a major market share of more than 76% in 2017 due to the presence of large organizations using legacy hardware network equipment and their reluctance to migrate and adopt cloud-based services. In this segment, Intent-Based Networking (IBN) is anticipated to observe the highest market growth with a CAGR of more than 29% during the forecast period.

Intent-based networking is an extensive form of SDN network architecture that allows the enterprises to substitute the usage of complex networks by a centralized data-center network. The adoption of IBN systems enables the network administrator to deploy a scalable and flexible network architecture into the existing network infrastructure, reducing the deployment cost by around 60% and increasing the network uptime.

The BFSI sector held a market share of over 18% in 2017. The growth of the market is credited to the increasing digitalization among financial institutions. The digitalization of the banking sector will assist the banks to automate their front and back office operations. The adoption of automation in the banking industry will assist the vendors to automate their IT Operations. increasing the productivity and efficiency of the business IT operations by around 60%.
Global Network Automation Market was estimated at over USD 1.7 billion in 2017, and is set to exceed USD 7 billion by 2024.

Growth Drivers:

• Surge in adoption of smart connected devices
• Rise in investment by network automation solution vendors
• Increasing demand of network virtualization & SDN infrastructure
• Escalation in error rates by manual systems
• Increasing adoption of cloud-based services

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North America dominates the network automation market due to the presence of large key players in this region. The advancements in recent technologies such as IoT, AI, and SD-WAN are projected to offer an ample number of opportunities to the key players in this market. Canada is projected to witness the highest market growth with a CAGR of more than 22%. The growth in this segment is attributed to a surge in the Foreign Direct Investment (FDI) to boost the manufacturing sector.

The Asia Pacific network automation market is expected to record a CAGR of more than 28% over the forecast period. The surge of investments in the 5G technology will propel the market growth of automation vendors in this region.

Browse key industry insights spread across 310 pages with 432 market data tables & 42 figures & charts from the report, “Network Automation Market Size By Type (Local Area Network (LAN), Wide Area Network (WAN), Data Center Networks, Cloud Networks, Wireless Networks), By Component (Software [Intent-based networking, SD-WAN, Network Automation Tools], Service [Professional Service, Managed Service]), By Network Infrastructure (Physical Network, Virtual Network, Hybrid Network), By Application (Manufacturing, Telecom & IT, Healthcare, Energy & Utilities, BFSI), By Deployment Type (On-Premise, Cloud), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Taiwan, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/network-automation-market

The key players operating in the network automation market are Cisco, Juniper Networks, IBM, Micro Focus International, NetBrain, SolarWinds Worldwide, Riverbed, BMC, Apstra, BlueCat, Entuity, Veriflow, 6Connect, Anuta, Puppet, Gluware, Help Systems, Wavestone, IpSoft, Fujitsu, Redhat, Intraway, Arista, Network to Code, Infloblox, Cumulus, Onapsis Efficient IP, Itential, and HCL.

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Some of the key players operating in the window automation industry include WindowMaster, TOPP S.r.l., SE Controls, Pella Corporation, Honeywell International, D+H Mechatronic AG, and Colt International Pty.

https://www.gminsights.com/industry-analysis/window-automation-market

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