The global network automation market is expected to grow from $4.85 billion in 2021 to $6.05 billion in 2022 at a compound annual growth rate (CAGR) of 24.84%. The network automation market is expected to reach $26.16 billion in 2026 at a CAGR of 26.16%.
What is the Global Network Automation Market?
The network automation market consists of sales of the network automation by entities (organizations, sole traders, partnerships) that refers to software, which 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 network and increases the speed of application development by automating network and security provisioning management.
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What drives the Global Network Automation Market?
The increasing adoption of cloud-based services is driving the growth of the network automation market. Network automation establishes consistent infrastructure and operations while reducing labour and promoting productivity gains and operational efficiency. Cloud-based applications or tools require an automated platform for smooth deployment and operations of applications, life-cycle management, policy-based distribution, and others. For instance, according to the survey conducted by Clouds 247 Research in 2022, more than 60% of companies are planning to employ cloud computing in the next 18 months and more than 45% of companies have shifted to cloud IT infrastructure by the time of the study. Thus, an increasing shift in companies' interests toward cloud-based services is expected to boost demand for network automation during the forecast period.
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Global Network Automation Market Segments
The global network automation market is segmented:
By Solution Type: Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking
By Component: Solution, Services
By Deployment Mode: On-premises, Cloud
By Industry Vertical: IT & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals
By Geography: The regions covered in the network automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Network Automation Global Market Report 2022provides market size and growth forecasts for the global network automation market, global network automation market share, network automation market segments and geographies, network automation market competitive landscape including leading competitors’ revenues, profiles and market shares. The network automation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Network Automation Industry Playersinclude Cisco, Juniper Networks, NetBrain, Forward Networks, SolarWinds, Apstra, BlueCat, Entuity, Veriflow, Riverbed, Itential, Volta Networks, Sedona Systems, Kentik, NetYCE, Versa Networks, AppViewX, 128 Technology, and Anuta Networks. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
