PUBLISHER: The Business Research Company | PRODUCT CODE: 1392794
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392794
“Network Automation Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on network automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for network automation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The network automation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Network automation refers to software designed to automate the provisioning and management of networks and security, aiming to maximize efficiency and functionality. This software predicts the most efficient way to map, configure, provision, and manage networks, thereby accelerating application development through the automation of network and security provisioning management.
The main types of network automation include network automation tools, SD-WAN (Software-Defined Wide Area Networking), network virtualization, and intent-based networking. Network automation tools are responsible for the automated management, configuration, testing, deployment, and operation of network devices. The features offered by these tools include network device mapping and discovery, network configuration management, network resource provisioning or capacity planning, and others. These solutions find deployment across various sectors such as IT & telecom, BFSI (banking, financial services, and insurance), manufacturing, healthcare, energy & utilities, education, and others, through on-premise and cloud modes. Network automation is provided in two modes such as solutions and services.
The network automation market research report is one of a series of new reports from The Business Research Company that provides network automation market statistics, including network automation industry global market size, regional shares, competitors with a network automation market share, detailed network automation market segments, market trends and opportunities, and any further data you may need to thrive in the network automation industry. This network automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The network automation market size has grown exponentially in recent years. It will grow from $7. 33 billion in 2023 to $9. 11 billion in 2024 at a compound annual growth rate (CAGR) of 24. 3%. The growth observed in the historical period can be attributed to factors such as increased data traffic, a demand for operational efficiency, initiatives focused on cost reduction, the adoption of vendor-agnostic solutions, and the heightened complexity of networks.
The network automation market size is expected to see exponential growth in the next few years. It will grow to $22. 7 billion in 2028 at a compound annual growth rate (CAGR) of 25. 6%. The anticipated growth in the forecast period can be attributed to a focus on self-healing networks, zero trust security models, containerization, and microservices, as well as the adoption of network-as-a-service (NaaS) models driven by compliance and regulatory requirements. Major trends expected in the forecast period include AI-driven automation, the growth of edge computing, integration of AI and ML (machine learning), the prevalence of hybrid and multi-cloud environments, and the implementation of network slicing for customization.
The growth of the network automation market is being fueled by the increasing adoption of cloud-based services. Network automation plays a crucial role in establishing consistent infrastructure and operations, reducing labor, and enhancing productivity and operational efficiency. As more companies plan to embrace cloud computing in the next 18 months, with over 45% already transitioning to cloud IT infrastructure, the demand for network automation is poised to rise. Cloud-based applications and tools necessitate an automated platform for seamless deployment, life-cycle management of applications, policy-based distribution, and other operations, making network automation an essential component in the era of cloud-based services.
The surge in data traffic is expected to be a driving force behind the growth of the network automation market. Data traffic, or network traffic, represents the volume of data transmitted through a network at a specific point in time. Network automation is instrumental in data traffic management due to its efficiency, agility, improved security, scalability, and adaptability to the dynamic demands of modern networks. With global mobile data traffic predicted to reach approximately 90 EB per month by the end of 2022 and projected to surge to 325 EB per month by 2028, the explosion of data traffic necessitates increased utilization of network automation. For instance, GSMA reported a 21% hike in network data traffic in 2021.
A key trend gaining traction in the network automation market is NaaS (Network Automation-as-a-Service) Cloud Vision, or Software-as-a-Service (SaaS). NaaS is a cloud model that enables users to operate and maintain networks without owning the underlying infrastructure. Cloud Vision, or SaaS, involves delivering services over the internet. In response to this trend, companies like Arista Networks are introducing enterprise-grade SaaS platforms such as CloudVision® to provide fully automated domain network services that manage multi-domain networks through the cloud.
Major players in the network automation industry are adopting a strategic partnership approach to extend essential network automation services. This involves leveraging mutual strengths and resources for mutual benefits. For instance, in January 2022, Hewlett Packard Enterprise (HPE) partnered with OPTAGE, a Japanese telecommunication services provider, to test the viability of Local 5G networks, advance open, multi-vendor 5G innovation, enable private 5G solutions, create a vibrant partner ecosystem, and deliver end-to-end 5G network deployments.
In April 2022, Elisa Polystar acquired FRINX for an undisclosed amount, aiming to accelerate development activities in telecom network automation software and expand digital services globally. FRINX, a Slovakia-based provider of network automation software, aligns with Elisa Polystar's strategy to enhance its position in the telecom network automation software market.
Major companies operating in the in the network automation market report are 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
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
The countries covered in the network automation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The network automation market includes revenues earned by entities by providing software tools to provide automated network and security management to maximize network performance and efficiency by using network virtualization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.