Network Automation Market 2023 | Latest Update, Trends & International News In One Place - Analysis & Forecast
December 13, 2019 by Market-NewsFlash
Global Network Automation Market, By Component (Solution Services), Network Infrastructure (Physical, Virtual, Hybrid), Deployment (On-Cloud, On-Premise), Organization Size (Sme, Large Enterprises), Vertical (Meida) Research Report — Forecast Till 2023
Global Network Automation Services are Expected to reach USD 27 billion at CAGR 49% through the forecast period.
The need for bandwidth management and increasing adoption of SD-WAN & network virtualization are majorly driving the network automation market. The adoption of network automation across small and medium enterprises (SME) is likely to fuel the market growth.
The rise in adoption of virtual and software-defined wide area network infrastructure across enterprises and demand for bandwidth management across SME are primarily driving the global network automation market. The demand for advanced networking solutions by major organizations and heavy investments in research and development of network automation is fuelling the market growth. However, the open source network automation solutions are going to fetter the market growth during the forecast period.
The global network automation market is segmented on the basis of the component, network infrastructure, deployment, organization size, vertical and region.
Some of the key players in the global network automation market are Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), IBM Corporation (U.S.), Micro Focus International plc (U.K), NetBrain Technologies Inc. (U.S.), SolarWinds Inc. (U.S.), Riverbed Technology, Inc. (U.S.), BMC Software (U.S.), Apstra (U.S.), BlueCat (Canada), Entuity (U.K), and Veriflow Systems (U.S.). The key players in the area are undergoing constant innovations and developments in order to generate cost-effective product portfolio.
Some of the key innovators in the area are Anuta Networks (U.S.), 6connect, Inc.(U.S.), FedTech Services (Canada), HelpSystems, LLC (U.S.), Network to Code (U.S.), puppet (U.S.), Infoblox (U.S.), Efficient IP (U.S.), Triangular Automation (India), Accenture PLC (Ireland) and others..
There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.
By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, the market is majorly dominated by North America at present due to a higher concentration of network automation providers in countries like the U.S. and Canada. Due to this, major contribution is made by the U.S., particularly in the adoption of network automation.
On the other hand, Europe holds second place in the global network automation market and is expected to show decent growth during the forecast period. The demand for network automation across manufacturing and BFSI sectors are primarily driving the growth in this region. However, the Asia Pacific region is expected to show a significant growth rate throughout the forecast period. Various organizations are adopting cloud-based services in Taiwan, China, and India, which is increasing demand for network automation market. Also, the network automation in Asia Pacific is booming due to increase in network infrastructure components in the cloud which is resulting in the growth of the market in the region.
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