Press release
Accelerating Network Automation: Global Market Forecast 2024
Network Automation Market Research
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5961&type=smp
According to The Business Research Company's, 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/network-automation-global-market-report
Market Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Network Automation Market 2024 Key Insights:
• 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%.
• Rapid Cloud Adoption Fuels Growth In Network Automation Market
• Network Automation-As-A-Service (NAAS) And Saas Transforming The Future Of Network Automation Market
• North America was the largest region in the network automation market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5961&type=smp
"
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Accelerating Network Automation: Global Market Forecast 2024 here
News-ID: 3755554 • Views: …
More Releases from The Business research company
Market Trend Insights: The Impact of Recent Advances on the Engine, Turbine, and …
The engine, turbine, and power transmission equipment sector is poised for substantial expansion in the coming years, driven by evolving energy needs and technological advancements. This market is increasingly vital as industries shift toward cleaner and more efficient power solutions. Below is a detailed overview of its growth prospects, leading players, key trends, and market segmentation.
Forecasted Market Growth and Size in the Engine, Turbine, and Power Transmission Equipment Market
The…
Emergency Shutdown System Market Analysis: Major Segments, Strategic Development …
The emergency shutdown system market is poised for significant expansion as industries increasingly prioritize safety and automation. With advancing technologies and growing investments in smart infrastructure, this market is set to witness notable developments through 2030. Let's explore the market's size projections, key drivers, leading companies, segmentation, and regional trends shaping its future.
Strong Growth Outlook for the Emergency Shutdown System Market Size Through 2030
The emergency shutdown system market is…
Segmentation, Major Trends, and Competitive Analysis of the Electronic Weighing …
The electronic weighing machines market is poised for significant expansion as technological advancements and smart solutions become increasingly integrated into weighing systems. This sector is evolving rapidly, driven by innovations that enhance accuracy, connectivity, and data management, making electronic weighing devices indispensable across multiple industries. Let's explore the market's current size, leading players, growth factors, emerging trends, and segmentation details to understand its promising outlook.
Projected Growth and Size of the…
Leading Companies Fueling Growth and Innovation in the Electric Construction Equ …
The electric construction equipment sector is experiencing rapid advancement as the industry moves toward greener and more efficient solutions. With growing environmental regulations and technological progress, this market is positioned for substantial expansion in the coming years. Let's explore the market's expected growth, key players, emerging trends, and detailed segment classifications that define this evolving field.
Forecasted Expansion of the Electric Construction Equipment Market by 2030
The electric construction equipment market…
More Releases for Network
Managed Network Services Market 2031: Optimizing Network Management
Managed Network Services Market Scope:
Managed Network Services Market size was valued at USD 267.4 billion in 2022 and is poised to grow from USD 304.03 billion in 2023 to USD 849.19 billion by 2031, growing at a CAGR of 13.7% in the forecast period (2024-2031).
Access the full 2024 Managed Network Services Market report for a comprehensive understanding @https://www.skyquestt.com/report/managed-network-services-market
The study of the global Managed Network Services Market is presented in the…
Global Oilfield Communications Market Derived by Communication Network - VSAT Co …
“The increasing investments and enhancing network infrastructure, rising technological advancements for communication across oilfields, and increasing demand from oil and gas operators to scale the production of mature oilfields, are expected to act as growth drivers for the oilfield communications market.”
The global oilfield communications market size grew from USD 3.4 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.5% during the…
Gaming Network Market to See Huge Growth by 202 | Game Loot Network, ZAM Network …
A new business intelligence report released by HTF MI with title "Global Gaming Network Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)" is designed covering micro level of analysis by manufacturers and key business segments. The Global Gaming Network Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research…
Insight into Gaming Network Market to 2025 - Xiled Gaming Network, Game Loot Net …
The updated research report on "Gaming Network Market" presents crucial information like market share, size, and growth rate. It offers insights on the driving factors, hampering aspects, challenges, opportunities, and trends including details on market segments and sub-segments.
Based on the Gaming Network industrial chain, this report mainly elaborates the definition, types, applications and major players of Gaming Network market in details. Deep analysis about market status (2015-2020), enterprise competition pattern,…
Numerous Applications in Gaming Network Market Growth and Forecast with Top Key …
Gaming Network is one of the world's leading games media businesses. With a strong focus on editorial quality and community, our network of award-winning websites, video and social channels reaches over 50 million gamers every month. Our market-leading events attract over 100,000 visitors each year.
This report on Gaming Network market delivers detailed analysis on the main challenges and growth prospects in the market. This research study is anticipated to…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
