Network Automation Market 2022 Technology Advancements and Future Growth Outlook- BMC Software, Inc., Extreme Networks Inc, Cisco Systems, IBM Corporation

The Network Automation Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Network Automation Market forecast 2026.

The Global Network Market (henceforth referred to as the market studied) was valued at USD 11.37 billion in 2020, and it is expected to reach a value of USD 40.25 billion by 2026 while registering a CAGR of 23.95% during the period of 2020-2026.     

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The Network Automation market is highly competitive and consists of a number of major players. Companies like AppViewX, Inc., SaltStack Inc., Nuage Networks (NOKIA CORPORATION), VMware, Inc., Fujitsu Limited, BMC Software, Inc., Extreme Networks Inc., Arista Networks Inc., Apstra Inc., NetBrain Technologies, Inc., Micro Focus International plc, Cisco Systems, Inc., Network Automation, Inc., SolarWinds Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Juniper Networks, Inc. Amongst Others.

Key Developments:

- June 2020 - Cisco introduced a new intent-based networking solution to optimize business and network operations. This solution not only provides a dynamic business environment for its customers but also increases the client engagement rate for this company.?
- June 2020 - Hewlett Packard Enterprise announced that it has entered into a definitive agreement to acquire Silver Peak, an SD-WAN (Software-Defined Wide Area Network) company, in a transaction valued at USD 925 million. Silver Peak will be combined with HPEs Aruba business unit and will extend Arubas technology leadership in the large and fast-growing SD-WAN space. This is expected to further strengthen the network portfolio of the company.

Key Market Trends:

SD-WAN and Virtualization is Expected to Hold Major Market Share
- Software-defined networking (SDN) and network functions virtualization (NFV) abstract the implementation of new network functions and decouple them from the hardware infrastructure and associated topological constraints, thus making communications networks programmable, and as a result, much more flexible and agile. ?Moreover, SD-WAN 2.0 functionality allows the enterprise to transcend connectivity to securely program the consumption of virtualized services across the entire network spanning traditional branches, private data centers, and the leading public clouds, all from a single IT governance platform.
- SDN and NFV are together seen as key technologies enabling the transformation of CSPs by providing a lower-cost means to address market demands. The major end-user driving this market are telecom operators who need to achieve CAPEX reduction, improved efficiency and offer new services.NFV has been a constantly complementing SDN by virtualizing network services that run in dedicated appliances, such as deep packet inspection (DPI), firewalls, load balancers and session border controllers (SBCs), so that these services can run on a single pool of computer hardware, yielding CAPEX and OPEX savings.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Network Automation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

-What are the drivers governing the growth of the market?

-What is the annual growth rate of the Network Automation market?

-What is the impact of Covid-19 on the market?

Finally, Network Automation Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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