Global Network Automation Market Top Major Players 2024, Forecast To 2033
22 Feb, 2024
The network automation market has witnessed exponential growth, surging from $7.33 billion in 2023 to $9.11 billion in 2024, with a CAGR of 24.3%. This growth is linked to increased data traffic and the demand for operational efficiency. The market is expected to continue its exponential growth, reaching $22.7 billion by 2028, driven by trends like AI-driven automation and network slicing for customization. Key trends also include the integration of AI and ML and a focus on hybrid and multi-cloud environments.
Global Network Automation Market Key Driver
The network automation market is growing with the increased adoption of cloud-based services. Network automation provides consistent infrastructure and operations while reducing labor and promoting efficiency. The shift of companies toward cloud-based services is expected to drive the demand for network automation during the forecast period.
Get A Free Sample Of The Global Network Automation Market ReportGlobal Network Automation Market Segments
The network automation market covered in this report is segmented –
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 & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the network automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Network Automation Industry Players
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.; VMware Inc.; SaltStack Inc.; BackBox Software Ltd.; HCL Technologies Limited; Red Hat Inc.; NVIDIA Corporation; Intraway Corporation
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Network Automation Market Overview
The network automation refer to software that automates the network and security provisioning and management to maximise the network efficiency and functionality. Network automation software predicts the efficient way to map, configure, provision, and manage networks and increases the speed of application development by automating network and security provisioning management.
Network Automation Global Market Report 2023 provides data on the global network automation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The network automation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.