Press release
Network Automation Market Outlook 2024: Insight into Market Size, Key Growth Drivers and Trends
Network Automation Market Outlook
What Is The Projected Market Size Of The Global Network Automation Market And Its Growth Rate?
• The Network Automation market has seen a significant rise in recent years and is estimated to escalate from $8.93 billion in 2024 to $11 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 23.1%.
• The main influencers of this growth are increased data traffic, demand for operational efficiency, cost reduction initiatives, and vendor-agnostic solutions coupled with a surge in network complexity.
• The future of the Network Automation market looks promising, with a forecasted growth of exponential proportions. The market is projected to soar to $29.3 billion in 2029, showing a CAGR of 27.8%.
• This future growth is predicted to stem from an increased focus on self-healing networks, zero trust security models, containerization and microservices, network-as-a-service (NaaS) models, and regulatory compliance requirements.
What Is Driving The Growth In The Network Automation Market?
The adoption of cloud-based services is predominantly fueling the growth of the Network Automation market. Network automation aids in establishing uniform infrastructure and operations while reducing labor and promoting productivity gains. Various cloud-based applications or tools necessitate an automated platform for seamless deployment and operation, life-cycle management, policy-based distribution, etc. For instance, the survey led by Clouds 247 Research in 2022 signified that over 60% of companies plan to employ cloud computing in the next 18 months while over 45% of companies have already transitioned to cloud IT infrastructure. This growing shift towards cloud-based services is anticipated to further augment the demand for Network Automation.
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Who Are the Key Players Driving Network Automation Market Growth?
The key stakeholders in the Network Automation market include:
• 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.
• SaltStack Inc.
• BackBox Software Ltd.
• HCL Technologies Limited
• NVIDIA Corporation
• Intraway Corporation
What Are The Key Trends In The Network Automation Market?
Key trends in the Network Automation market include:
• AI-driven automation
• Growth in edge computing
• Integration of AI and ML
• Emergence of hybrid and multi-cloud environments
• Increase in network slicing for customization
What Are The Segments Of The Global Network Automation Market?
The Network Automation market is segmented as:
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 And Telecom
- BFSI
- Manufacturing
- Healthcare
- Energy And Utilities
- Education
- Other Industry Verticals
Which Region Leads The Network Automation Market?
North America was the most substantial contributor in the Network Automation market in 2024. However, Asia-Pacific is expected to showcase the highest growth rate in the forecast period. The regions assessed in the Network Automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Network Automation Global Market Report?
- Market Size Analysis: Analyze the Network Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Network Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Network Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Network Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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