by The Network Automation Market is estimated to be valued at US$ 22.17 Bn in 2023 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Network automation involves using software and technology to automate tasks in networks that are traditionally performed manually. This includes monitoring of network health and performance, configuration deployment, software management and provisioning of infrastructure. Network automation helps reduce costs and human errors by streamlining repeatable networking tasks. It allows faster response to incidents, supports compliance with security policies and facilitates scalability to handle increasing network sizes and complexities.
Market Dynamics:
The growing need for optimized network operations and reduced OPEX are major drivers fueling growth of the network automation market. Network automation helps simplify network operations by providing centralized management and visibility into various network elements. It enables automated provisioning of network connectivity, software updates and configuration changes which reduces manual errors and cuts down the need for continuous human monitoring and intervention. This optimizes operational workflows and resource utilization to lower networking costs overtime. Additionally, emergence of software-defined networking (SDN) and network functions virtualization (NFV) have increased network complexities which network automation can effectively address through centralized programmability and automation of tasks. SDN and NFV allow dynamic, on-demand network provisioning which further accelerates the demand for network automation solutions that can seamlessly integrate with virtualized infrastructure and dynamically adapt network resource allocation based on business needs.
Segment Analysis
The global network automation market is dominated by the solutions segment owing to increasing adoption of various network automation solutions across industries for network monitoring, configuration management and network automation tools. Solutions play a crucial role in streamlining network operations, reducing human errors and enhancing productivity. Automation solutions are extensively being deployed for network configuration, infrastructure management and Orchestration to optimize networks.
PEST Analysis
Political: Data localization and privacy laws in various countries impact the market growth. Governments are focusing on cyber security to protect networks.
Economic: Organizations are investing significantly in network automation to improve network agility, optimize IT spending and boost operational efficiency. The market is flourishing due to rising digital transformation across industries.
Social: Growing mobile workforce is propelling the need for centralized network management. Enterprises are automating networks to enhance service delivery and digital customer experiences.
Technological: Rise of new technologies such as cloud, IoT, 5G and mobility are necessitating network automation. Adoption of AI/ML and analytics is helping improve network visibility, security and performance monitoring.
Key Takeaways
The Global Network Automation Market Size is expected to witness high growth, exhibiting CAGR of 23.4% over the forecast period, due to increasing need for centralized network management across industries. The market size for 2023 is projected to reach US$ 22.17 Bn.
North America dominates the market currently owing to strong presence of leading automation vendors and rising IT investments. Growing adoption of advanced technologies and rapid infrastructure development is fueling market growth in Asia Pacific.
Key players operating in the network automation market are Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage 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. Major players are focusing on partnerships, mergers and acquisitions to strengthen their solution portfolio and market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
