Press release
Network Automation Market Size, Driving Factors, Growth Statistics, Competitive Landscape And Forecast To 2033
Network Automation Market
Network Automation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $22.7 billion In 2028 At A CAGR Of 25.6% :
The network automation market size has grown exponentially in recent years. It will grow from $7.33 billion in 2023 to $9.11 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to increased data traffic, demand for operational efficiency, cost reduction initiatives, vendor-agnostic solutions, increased network complexity..
The network automation market size is expected to see exponential growth in the next few years. It will grow to $22.7 billion in 2028 at a compound annual growth rate (CAGR) of 25.6%. The growth in the forecast period can be attributed to focus on self-healing networks, zero trust security models, containerization and microservices, network-as-a-service (naas) models, compliance and regulatory requirements.. Major trends in the forecast period include ai-driven automation, edge computing growth, ai and ml integration, hybrid and multi-cloud environments, network slicing for customization.
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Network Automation Market Major Segments
The network automation market covered in this report is segmented -
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
Key Driver - Rapid Cloud Adoption Fuels Growth In Network Automation Market
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. Cloud-based applications or tools require an automated platform for smooth deployment and operations of applications, life-cycle management, policy-based distribution, and others. For instance, according to the survey conducted by Clouds 247 Research in 2022, more than 60% of companies are planning to employ cloud computing in the next 18 months, and more than 45% of companies have shifted to cloud IT infrastructure by the time of the study. Thus, an increasing shift in companies' interests toward cloud-based services is expected to boost demand for network automation during the forecast period.
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Prominent Trend - Network Automation-As-A-Service (NAAS) And Saas Transforming The Future Of Network Automation Market
NaaaS (Network Automation-as-a-Service) Cloud Vision, or Software-as-a-Service (SaaS), is the key trend gaining popularity in the network automation market. Naas is a cloud model that enables users to operate and maintain the network without owning a network operating infrastructure. Cloud Vision, or Software-as-a-Service (SaaS), is an application used to deliver a service over the internet. The companies operating in the network automation market are focusing on offering products through new business models to increase customer reach and business presence. For instance, in August 2021, Arista Networks, an American computer networking company, announced a new enterprise-grade Software-as-a-Service (SaaS) with CloudVision® platform offering, which is a fully automated domain network service that manages multi-domain networks across the client through the cloud.
Network Automation Market Players
Major companies operating in the network automation market report are Cisco Systems Inc., Juniper Networks Inc., NetBrain Technologies Inc., Forward Networks Inc., SolarWinds Inc., Apstra Inc., BlueCat Networks Inc., Entuity Ltd., Veriflow Systems Inc., Riverbed Technology Inc., Itential LLC, Volta Networks Inc., Sedona Systems Ltd., Kentik Inc., NetYCE B. V., Versa Networks Inc., AppViewX Inc., 128 Technology Inc., Anuta Networks Inc., IBM Corporation, Hewlett Packard Enterprise Development LP, Fujitsu Limited, Network Automation Inc., Micro Focus International PLC, Arista Networks Inc., Extreme Networks Inc., BMC Software Inc., VMware Inc., SaltStack Inc., BackBox Software Ltd., HCL Technologies Limited, Red Hat Inc., NVIDIA Corporation, Intraway Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the network automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Network Automation Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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