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Network Automation Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Cisco, Juniper Networks, NetBrain, Forward Networks, SolarWinds, Apstra, BlueCat, Entuity
Network Automation Market
Network Automation Market Size, Growth Rate, And Forecast
The global network automation market size grew from $6.01 billion in 2022 to $7.52 billion in 2023 at a compound annual growth rate (CAGR) of 25.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The network automation market size is expected to grow to $18.64 billion in 2027 at a CAGR of 25.5%.
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Network Automation Market Drivers
The increasing adoption of cloud-based services is driving the growth of the network automation market. Network automation establishes consistent infrastructure and operations while reducing labour and promoting productivity gains and operational efficiency.
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Network Automation Market Segments
1) By Solution Type: Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking
2) By Component: Solution, Services
3) By Deployment Mode: On-premises, Cloud
4) By Industry Vertical: IT & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Network Automation market.
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Network Automation Market Key Players
Major players in the network automation market are Cisco, Juniper Networks, NetBrain, Forward Networks, SolarWinds, Apstra, BlueCat, Entuity, Veriflow, Riverbed, Itential, Volta Networks, Sedona Systems, Kentik, NetYCE, Versa Networks, AppViewX, 128 Technology, and Anuta Networks.
The Business Research Company's "Global Network Automation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Network Automation Market Include:
1. Executive Summary
2. Network Automation Market Characteristics
3. Network Automation Market Trends And Strategies
4. Network Automation Market - Macro Economic Scenario
5. Network Automation Market Size And Growth
……
27. Network Automation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Automation Market
29. Network Automation Market Future Outlook and Potential Analysis
30. Appendix
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