The Network Automation Market size was valued at USD 3.62 Bn. in 2021 and the total revenue is expected to grow by 24.9% from 2022 to 2029, reaching nearly 21.45 Bn in 2029.
Market Overview
The report provides a market overview, definition and structure as well as preventative and pre planned management. It also studies the factors influence the Network Automation Market growth. The researchers analysed the market key drivers that steers the main market growth and gives description to identify upcoming opportunities and restraints to improve before they become an issue. Opportunities are created by external components like changes in the market and new consumer trends.
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Market Scope
The report consists of the factors like Market segmentation, CAGR (Compound Annual Growth Rate), Year-on-Year growth percent, absolute USD potential and market expected cost structure. Import and export consumption, supply and demand, cost, price, share, sales volume and gross margins are all covered in this Network Automation market research. The report also includes the market dynamics that assists the readers in comparing past trends to current market scenarios and also the contribution of the key players. The study pinpoints the most significant developments that will have an impact on the industry.
Network Automation Market Segmentation
The Network Automation Market is divided into On-premises and Cloud deployment types. In 2021, the Cloud sector accounted for the greatest market share. Cloud network automation provides speedy and safe network configuration by utilising the potential of cloud computing. The cloud deployment paradigm also enables scaling of a solution's capability to manage enormous network application traffic. By implementing these solutions, small businesses can collect and analyse data to improve client services. The demand for network automation solutions that are hosted in the cloud is currently increasing in comparison to their on-premises counterparts as a result of the numerous advantages that the cloud deployment model provides.
The Network Automation Market is divided into Small and Medium-sized Businesses (SMEs) and Big Companies based on Organization Size. The rising popularity of cloud computing has encouraged the usage of SDN technology by SMEs. Financial constraints lead SMEs to favour cloud-based solutions generally on the market. Some organisations have gradually started to use state-of-the-art technological innovations that enhance their operating capabilities while consuming the fewest resources. Businesses can save money on network infrastructure and spend less time troubleshooting issues if they use network automation (by determining the state of the network at any point in time).
Information Technology (IT), Banking, Financial Services, and Insurance (BFSI), Manufacturing, Healthcare, Energy and Utilities, Education, and Others are the different vertical segments of the network automation market. In 2021, the Information Technology (IT) sector accounted for the greatest market share. In data centres, there are many computer, storage, and networking devices. The management and configuration of these multi-vendor equipment in data centres is challenging as a result. In addition to increasing OPEX expenses, network scalability has improved the ability of IT departments to adapt to changing business needs. These problems have required IT departments to spend a lot of money maintaining their network infrastructure, which has increased demand for network automation.
Through the predicted period, the UK's IT and telecom sector is anticipated to rise by almost 20%. The telecom sector undergone considerable technological improvements in order to provide its customers enhanced programmability and network efficiency. Because NFV technologies are becoming more widely used, telecom service providers were able to implement more virtualization in their networks. As a result of numerous government initiatives for digitalization to satisfy end-user demand, the IT and telecom industries have grown. Additionally, it is anticipated that the advancement of 5G technology would result in better networking possibilities.
Network Automation Market Key Players
•Cisco(US)
•IBM(US)
• Micro Focus(US)
• SolarWinds(US)
• Kentik(US)
• Versa Networks(US)
• AppViewX(US)
• BackBox(US)
• NetBrain Technologies(US)
• Riverbed Technology(US)
• Apstra(US)
• BMC Software(US)
• Veriflow(US)
• Entuity(US)
• Juniper Networks(US)
• Forward Networks(US)
• VMware(US)
• Entuity(US)
• Itential(US)
• Volta Networks(US)
• Sedona Systems(US)
• SaltStack (UK)
• Anuta Networks(India)
•BlueCat (Canada)
• NetYCE (Netherlands)
Regional Analysis
Regional insights in the report on the Network Automation industry on regional basis. The region wise survey is done in a wide range of high resolution regional investigations. The research includes an evaluation of regional and local market participants operating in the target market. On regional basis the study evaluates the market in many continents and sub continents and each region’s market is researched in depth for the discovery of regional Network Automation market trend, constraints and growth potential.
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Key Questions answered in the Network Automation Market Report are:
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Mar 15, 2023