Press release
Global Network Automation Market to be Driven by the Rapid Technological Advancements in the Forecast Period of 2021-2026
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): USD 3.1 billion
Forecast CAGR (2021-2026): 24%
Forecast Market Size (2026): USD 11.3 billion
Rising need for greater network security while enabling faster service delivery is driving the global network automation sector. The extensive usage of cloud for both commercial and personal use has resulted in a growth in network automation adoption to prevent network disruptions.
During the COVID-19 pandemic, the trend escalated, putting strain on networks due to an increased reliance on technology for a range of jobs. This boosted market growth by spurring investments in network automation in the telecom industry, which was under a lot of pressure to manage and optimize the network efficiently.
Industry Definition and Major Segments
Network automation is the process of automating the testing, management, operation, deployment, and configuration of virtual and physical network devices. It improves a network's functioning while also increasing its operating efficiency. Network automation is critical for increasing network flexibility and agility to fulfil the growing demand for effective network services by a variety of end users.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/network-automation-market
Based on solution type, the industry can be divided into:
Network Automation Tools
SD-WAN and Network Virtualisation
Intent-based Networking
Based on the network type, the industry is divided into:
Physical
Virtual
Hybrid
Based on the service type, the industry is divided into:
Managed Services
Professional Services
Based on the deployment type, the industry is segmented into:
Cloud
On-Premise
Hybrid
On the basis of end use, the industry can be segmented into:
IT and Telecom
Manufacturing
Energy and Utility
Banking and Financial Services
Education
Others
The regional markets include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The growing number of connected devices, paired with the launch of 5G networks, is driving up demand for network automation in the telecommunications industry. Increased demand for ultra-low latency services is pushing up network automation requirements in order to maintain quality control and boost income, which is propelling the market forward. In addition, fierce industry competition is pushing up need for quick replies to customer demands, prompting network providers to automate their networks to boost speed and efficiency.
Furthermore, the bring-your-own-device (BYOD) movement is driving network automation and propelling market expansion by increasing demand for high-performance, dependable, and high-connectivity networks. Automation of a network helps administrators to optimize it using various tools by detecting flaws, which is expected to fuel market growth during the projection period.
Key Market Players
The major players in the market are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, HP Development Company, L.P., Micro Focus International Plc, and Others.
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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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