The new report by Expert Market Research titled, ‘Global Network Automation Market Share, Size, Price, Size, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global network automation market, assessing the market based on its segments like solution type, network type, service type, deployment, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 3.1 billion
- Forecast CAGR (2023-2028): 24%
- Forecast Market Size (2026): USD 11.3 billion
Rising need for greater network security while enabling faster service delivery is driving the global network automation sector. The extensive usage of cloud for both commercial and personal use has resulted in a growth in network automation adoption to prevent network disruptions. During the COVID-19 pandemic, the trend escalated, putting strain on networks due to an increased reliance on technology for a range of jobs.
This boosted market growth by spurring investments in network automation in the telecom industry, which was under a lot of pressure to manage and optimize the network efficiently.
Network Automation Industry Definition and Major Segments
Network automation is the process of automating the testing, management, operation, deployment, and configuration of virtual and physical network devices. It improves a network’s functioning while also increasing its operating efficiency. Network automation is critical for increasing network flexibility and agility to fulfil the growing demand for effective network services by a variety of end users.
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Based on solution type, the industry can be divided into:
- Network Automation Tools
- SD-WAN and Network Virtualisation
- Intent-based Networking
Based on the network type, the industry is divided into:
Based on the service type, the industry is divided into:
- Managed Services
- Professional Services
Based on the deployment type, the industry is segmented into:
On the basis of end use, the industry can be segmented into:
- IT and Telecom
- Energy and Utility
- Banking and Financial Services
The regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Network Automation Market Trends
The growing number of connected devices, paired with the launch of 5G networks, is driving up demand for network automation in the telecommunications industry. Increased demand for ultra-low latency services is pushing up network automation requirements in order to maintain quality control and boost income, which is propelling the market forward. In addition, fierce industry competition is pushing up need for quick replies to customer demands, prompting network providers to automate their networks to boost speed and efficiency.
Furthermore, the bring-your-own-device (BYOD) movement is driving network automation and propelling market expansion by increasing demand for high-performance, dependable, and high-connectivity networks. Automation of a network helps administrators to optimize it using various tools by detecting flaws, which is expected to fuel market growth during the projection period.
Key Market Players
The major players in the market are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, HP Development Company, L.P., Micro Focus International Plc, and Others.
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