by The Network Automation Market is estimated to be valued at US$ 14.56 Bn in 2021 and is expected to exhibit a CAGR of 23.4% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Network Automation Market refers to the use of automated processes and tools to manage and control network operations. It involves the deployment of software and hardware solutions that streamline and simplify network management tasks such as configuration, provisioning, monitoring, troubleshooting, and security. The market offers various products associated with network automation, including network automation software, network automation tools, and network automation services. These solutions help organizations enhance operational efficiency, minimize downtime, improve network security, and reduce the complexity of managing large-scale networks.
Market Dynamics:
The Network Automation Market is driven by the increasing demand for efficient network management solutions. With the growing complexity and scale of networks in organizations, manual network management processes become time-consuming and error-prone. Network automation solutions help organizations overcome these challenges by automating repetitive and time-consuming tasks, reducing human errors, and improving overall operational efficiency.
Furthermore, the rising adoption of cloud computing, virtualization, and software-defined networking (SDN) technologies is fueling the demand for network automation solutions. These technologies require automated network management to ensure seamless operations and scalability. Additionally, the increasing focus on network security and compliance regulations is driving the adoption of network automation solutions for better control and monitoring of network activities.
Overall, the Network Automation Market is poised for significant growth in the coming years, driven by the need for efficient network management solutions in organizations.
Segment Analysis:
The network automation market can be divided into various segments based on the technology type, deployment mode, organization size, and end-use industry. Among these segments, the technology type segment dominates the market due to the increasing adoption of advanced technologies such as software-defined networking (SDN) and machine learning. Network automation using SDN enables reducing manual configuration efforts, improving network performance, and enhancing security. It provides agility and flexibility to manage complex networks, making it the dominating sub-segment in the market.
PEST Analysis:
Political: The political factors influencing the network automation include government regulations and policies related to data privacy and cybersecurity. Governments are increasingly focusing on implementing stringent regulations to protect sensitive data and ensure the security of network infrastructure.
Economic: The economic factors impacting the market include the overall growth of the IT industry, investments in digital transformation, and the increasing demand for efficient network management solutions. A growing economy and increasing digitalization across industries create opportunities for network automation solutions.
Social: The social factors influencing the market include the increasing reliance on digital connectivity, the need for seamless communication, and the demand for enhanced network performance. The adoption of network automation technology is driven by the need for more reliable and efficient networks to support social interactions and business operations.
Technological: The technological factors include advancements in networking technologies such as SDN, cloud computing, and artificial intelligence (AI). These technologies enable the automation of network tasks, simplify network management, and enhance network performance, driving the growth of the network automation market.
Key Takeaways:
The global Network Automation Market Share is expected to witness high growth, exhibiting a CAGR of 23.4% over the forecast period of 2022-2030. This growth is primarily driven by the increasing adoption of advanced technologies such as SDN and machine learning for network automation. SDN, in particular, is dominating the market due to its ability to reduce manual configuration efforts and improve network performance.
In terms of regional analysis, North America is the fastest-growing and dominating region in the network automation market. This is attributed to the presence of major key players, technological advancements, and the increasing adoption of automation solutions across various industries in the region. Additionally, the Asia Pacific region is also witnessing significant growth due to the rapid digital transformation and increasing investments in IT infrastructure.
Key players operating in the network automation market include Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage Networks (Nokia Networks), IBM Corporation, NetBrain Technologies Inc., AppViewX Inc., Micro Focus International PLC, Fujitsu Limited, Arista Network Inc., SolarWinds Inc., Forward Networks Inc., and Network Automation Inc. These companies are focusing on product innovations, partnerships, and acquisitions to strengthen their market position in the network automation industry.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
