Global Network Automation Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Network automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global network automation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global network automation market size reached US$ 17.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028.
Network automation is the process of using technology and software to automate the management, provisioning, and configuration of network devices and services. It involves the use of various tools and solutions to streamline and optimize network operations. It is designed to reduce manual intervention, improve efficiency, and enhance the reliability of network infrastructure. It allows organizations to centrally manage and standardize configurations across a wide range of network devices. It enables quick and automated provisioning of network resources, making it easier to scale up or down based on the needs of the specific industry. It reduces manual tasks, saving time and resources while minimizing the risk of human errors. It monitors network performance, identifies issues in real-time, facilitates faster troubleshooting, and minimizes downtime.
Global Network Automation Market and Drivers:
At present, the increasing frequency and sophistication of cyber threats represent one of the crucial factors impelling the market growth. Additionally, the growing complexity of networks, driven by technologies like 5G and cloud computing, is encouraging organizations to adopt automation to manage and optimize these intricate infrastructures effectively. Besides this, the rising adoption of network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), is promoting the employment of network automation for managing these virtualized network functions. Moreover, the increasing integration of artificial intelligence (AI) and machine learning (ML) into network automation solutions for intelligent decision-making, predictive maintenance, and proactive issue resolution is bolstering the market growth. In addition, the growing emphasis on the ability of network automation to remotely monitor and manage network infrastructure in industries like utilities, oil and gas, and manufacturing is positively influencing the market. Furthermore, the rising shift towards hybrid work models, which combines remote and on-site work and requires robust and flexible network solutions, is supporting the market growth. Apart from this, the increasing utilization of network automation in logistics and supply chain management to track and manage shipments and ensure the resilience and efficiency of global supply chains is propelling the market growth.
Global Network Automation Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
AppViewX Inc., BMC Software Inc., Cisco Systems Inc., Extreme Networks Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks Inc., Micro Focus International PLC, Netbrain Technologies Inc., Solarwinds Corporation, Vmware Inc. etc.
The report segmented the market on the basis of region, component, deployment mode, organization size, network type and end use industry.
Breakup by Component:
- Solution
- Network Automation Tools
- SD-WAN and Network
- Virtualization
- Internet-Based Networking
- Services
- Professional Service
- Managed Service
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-size Enterprises
Breakup by Network Type:
- Physical
- Virtual
- Hybrid
Breakup by End Use Industry:
- IT and Telecom
- Manufacturing
- Energy and Utility
- Banking and Financial Services
- Education
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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