Network Automation Market Growth, Industry Analysis and Forecast To 2024 | Emerson Network Power, Anuta Networks, Apstra, Arista Networks, BlueCat , BMC Software, Cisco, Cumulus Networks, EfficientIP
Lesser time taken for integration with the cloud, simple management interface and the ability to prioritize tasks or policies has aided enterprises to speed-up their processes, boosting the network automation market. A significant improvement achieved by advent of digital networking systems is the reduction in human errors while handling vast networks manually. It is estimated that at least 40% of network failures are caused by mistakes done by people, mostly in configuring and updating hardware components. Automation using the cloud has assisted in ensuring fast, accurate network configurations for guaranteeing uninterrupted business performance. With a rise in the number of companies that provide cloud-based services, reports indicate that nearly 83% of the global enterprise workloads will be handled through the cloud in the next two years, representing the rapid progression of the cloud-based network automation market.
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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. Enlisted below are a few instances that underscore how these acquisitions are shaping the network automation market trends.
To strengthen its service management portfolio and optimize its digital assets, IBM acquired the California-based network automation software provider Intelliden in 2017. Reportedly, Intelliden assists telecom firms to manage, configure, and scale their networks and automate an array of other services. Apparently, the technology of Intelliden would be integrated into IBM's Tivoli Software which is known to enable various businesses to combine service delivery and significantly accelerate the automation of networks.
With an aim to offer its customers an SD-WAN solution that is easy to deploy across enterprise branch offices and other WAN installations, Cisco has recently acquired an emerging WAN solutions provider Viptela for USD 610 million. Even though Cisco has a robust WAN product portfolio consisting of Intelligent WAN and Meraki SD-WAN, the addition of Viptela's unique technology would reportedly expand and improve the overall functionality of the company's WAN solutions in the times to come.
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Company profiled in Network Automation Market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Anuta Networks
o Arista Networks
o BlueCat Networks
o BMC Software
o Cisco Systems
o Cumulus Network
o HCL Technologies
o IBM Corporation
o Juniper Networks
o Micro Focus International plc
o NetBrain Technologies
o Network to Code
o Red Hat
o Riverbed Technologies
o SolarWinds Worldwide LLC
o Veriflow Systems
AI assisted quality control will further endorse the need for cloud network automation market for warranting superior quality end products, since the systems can accurately detect and analyze minute defects. It is also a recognized notion that resources are the key components in the manufacturing industry and automated networks employing the cloud help to map these resources better using AI, advising on how to harness them for meeting the customer demand. As evident, the extensive upsides of applying AI-powered cloud networking solutions to manufacturing processes has the potential to alter the network automation market, which is constantly becoming more accessible with improving internet connectivity worldwide.
IBM, Cisco, BMC, Juniper Networks, Arista, IPsoft, Micro Focus International, SolarWinds Worldwide, Riverbed, Apstra, and Fujitsu are some leading industry players that have defined the pathway for complete automation of enterprise networks. The increasing awareness regarding the ability of automated networking to improve margins, business continuity and customer satisfaction will catapult the global network automation market over the coming years and is expected to exhibit a CAGR of 22% from 2018 to 2024.
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