Network Automation Market - What Are the Main Factors That Contributing Towards Industry Growth?

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.

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The software segment held a major network automation 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.

Besides providing a wide range of connectivity applications, the SD-WAN technology has assisted numerous business verticals to reduce complexities in physical network infrastructure. The advent of advanced computing technologies such as machine learning and artificial intelligence has disrupted the digital business models – a factor that can be attributed for large scale adoption of SD-WAN technology in the last few years. In fact, as per a research study compiled by Global Market Insights, Inc., the SD-WAN technology apportioned more than 67% of the total revenue share of network automation market in 2017 and is anticipated to hold a prominent spot in the overall software segment in the upcoming years.

Concurrently, traditional networks are increasingly being replaced by virtual and cloud-based applications which has fundamentally transformed the growth strategies of major firms partaking in network automation market in the recent times. Numerous startups have been developing automation solutions that can configure manually-managed network devices, improve security capabilities, and supervise service offerings more efficiently. In this context, it would be prudent to mention that prominent tech giants have focused on acquiring these startups as it would assist them in augmenting their resources to deliver next-generation solutions that would serve all size and scale of customer needs.

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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 network automation 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. Cisco Systems, Juniper Networks, Apstra, BMC Automation, and IBM are some of the major key vendors of the network automation market in this region. Further, the emergence of industry 4.0 is anticipated to propel the growth of the market in the manufacturing sector. For instance, IEEE has developed a network architecture called Software Defined Industry Automation Network (SDIAN) to provide online dynamic configuration and real-time communication during the manufacturing process.

The major players 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, HelpSystems, Wavestone, IPsoft, Fujitsu, Red Hat, Intraway, Arista, Network to Code, Infoblox, Cumulus Networks, Onapsis, EfficientIP, Itential, and HCL. The key players of the network automation market focus on R&D investments and mergers & acquisitions to strengthen their market share during the forecast period. For instance, the top telecom operators in Japan have invested USD 45.5 billion to boost the 5G infrastructure in the country.

Glimpse of Table of Content (ToC)

Chapter 5. Global Network Automation Market, By Type
5.1. Key trends, by type
5.2. LAN
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 - 2024
5.3. WAN
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 - 2024
5.4. Data Center networks
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
5.5. Cloud networks
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 - 2024
5.6. Wireless networks
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Network automation market estimates and forecast, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/network-automation-market

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