Press release
Network Automation Market to Reach USD 26.76 Bn by 2030, Driven by End-User Segment Offerings at a 24.9% CAGR
Network Automation Market
The Network Automation Market size was valued at USD 5.64 Bn. in 2023 and the total revenue is expected to grow by 24.9% from 2024 to 2030, reaching nearly 26.76 Bn in 2030.
Network Automation Market Overview:
The Network Automation Market, valued at USD 5.64 billion in 2023, is projected to grow at a CAGR of 24.9%, reaching nearly USD 26.76 billion by 2030. Network automation involves the automation of planning, deployment, operation, and optimization processes associated with networks and services, transferring manual tasks into software programs that perform them reliably and repeatedly. This market is driven by the adoption of advanced technologies like edge computing, 5G, Wi-Fi 6, SD-WAN, and machine learning, which enhance network efficiency and preemptively address issues. Companies are focusing on developing innovative network automation solutions, as demonstrated by IBM's Cloud Pak for Network Automation, aimed at facilitating the seamless rollout of 5G networks.
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Drivers in the Network Automation Market:
The increasing demand for data centers, driven by the surge in network traffic due to cloud-based environments, is a significant driver. As organizations seek to make their networks more cloud-compatible, the need for network automation solutions that provide comprehensive network visibility and management across diverse environments is rising. Additionally, substantial investments in R&D by networking companies, despite short-term financial fluctuations, are propelling the market forward. These investments aim to develop and test advanced network automation solutions, ensuring long-term value creation and innovation in the field.
Network Automation Market Trends:
One notable trend in the Network Automation Market is the growing adoption of intent-based networking (IBN) technologies across various sectors, particularly healthcare. IBN technologies enhance network infrastructure reliability and efficiency, support the development of smart hospitals, and improve IT infrastructure in healthcare facilities. This trend is driven by the increasing need for efficient, no-contact medical services and real-time monitoring of vital medical equipment, which enhances the overall efficiency of medical services and reduces the workload on medical personnel.
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Network Automation Market Opportunities:
The integration of cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML) in network automation presents significant opportunities. These technologies enable model-driven network programmability and data analysis, allowing businesses to provide predictive analyses, understand network behaviors, and offer actionable insights to network operations teams. This reduces the risk of human error, enhances operational efficiency, and improves network service availability, leading to a better customer experience. The emergence of real-time telemetry, single-pane-of-glass management, and Zero Touch Provisioning (ZTP) further drives the adoption of network automation, offering a more orchestrated approach to managing and deploying network infrastructure.
What is Network Automation Market Regional Insight?
North America dominated the Network Automation Market in 2023, driven by the widespread adoption of advanced technologies like DevOps, SD-WAN, and intent-based networking. The region's growth is also supported by the increasing demand for AI algorithms to remotely control network equipment, enhancing network efficiency. Europe is expected to experience significant growth due to the rapid adoption of software-defined networking (SDN) and network function virtualization (NFV) technologies. The increasing complexity of IT infrastructure in enterprises and the growing implementation of these technologies drive the demand for network automation solutions. Additionally, government initiatives promoting digitalization and the development of 5G technology are contributing to the market's growth in the region.
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Segmentation Analysis of the Network Automation Market
by Solution
SD-WAN
Network Automation Tools
Intent-Based Networking
by Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
by Vertical
Information Technology (IT)
Banking, Financial Services, and Insurance (BFSI)
Manufacturing
Healthcare
Energy and Utilities
Education
Others
by Deployment Type
On-premises
Cloud
Who is the largest manufacturers of Network Automation Market worldwide?
1. Cisco(US)
2. IBM(US)
3. Micro Focus(US)
4. SolarWinds(US)
5. Kentik(US)
6. Versa Networks(US)
7. AppViewX(US)
8. BackBox(US)
9. NetBrain Technologies(US)
10.Riverbed Technology(US)
11.Apstra(US)
12.BMC Software(US)
13.Veriflow(US)
14.Entuity(US)
15.Juniper Networks(US)
16.Forward Networks(US)
17.VMware(US)
18.Entuity(US)
19.Itential(US)
20.Volta Networks(US)
21.Sedona Systems(US)
22.SaltStack (UK)
23.Anuta Networks(India)
24.BlueCat (Canada)
25.NetYCE (Netherlands)
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Key Offerings:
โข Past Market Size and Competitive Landscape
โข Network Automation Market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข Network Automation Market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
โข
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