The global network automation market is expected to foresee significant growth. The Asia Pacific to lead the growth!
- Himanshu Patni
- November 19, 2022
- TELECOM & IT
- Network Automation Market, Network Automation Market Growth, Network Automation Market Share, Network Automation Market Size
- 0 Comments
The network automation market is expected to register a CAGR of around 26% over the period of 2021-2027. The increasing number of connected devices, organizational digitization, and the requirement to meet the increasing demand for effortless and effective operation at the workplace requires robust processing power at the edge of the network. Moreover, IT departments need agility, consistency, and speed, in managing and provisioning both traditional and cloud-based applications, which is one of the prominent factors contributing to the market growth of network automation. Network automation also refers to automating the operation of computer networks. It can be set up by integrating hardware and software solutions that help manage and run network processes.
Based on network type, the market is segmented into physical and virtual networks. The virtual market is expected to hold a significant share in the market owing to the increasing adoption of virtual automation services by cloud service providers and financial organizations.
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Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is expected to hold the majority of the network automation market during the forecast period. The cloud enables fast and secure networks, also cloud networks save a lot of upfront installation costs, which later can be used in other operations. Moreover, the cloud deployment model scales a solution’s capacity to handle enormous network application traffic. With the adoption of these solutions, small enterprises are able to collect and analyze data, thus improving customer services. Presently, the demand for cloud-based network automation solutions is increasing over their on-premises counterparts, owing to the various advantages offered by the cloud deployment model.
Based on end-user, the market is segmented into IT and telecom, BFSI, manufacturing, energy and utilities, healthcare, education, and others. In 2020, IT and telecom segment held a significant market share and is expected to witness considerable growth during the forecast period. Data centers deal with humongous databases which require heavy storage and network devices. As a result, data centers face complexities in the configuration and management of these multi-vendor devices. The scaling of networks has also increased the OPEX for maintaining IT departments and increasing the responsiveness to changing business needs. These factors have forced IT departments to make significant investments in maintaining their network infrastructure which has increased the growth of the network automation market.
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For a better understanding of the market adoption of network automation, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The North American region is expected to dominate the network automation market in the forecast period. The main reason for this domination is the presence of leading network automation solutions providers.
Some of the major players operating in the market are IBM Corporation, Cisco Systems Inc., Juniper Networks Inc., SolarWinds Corporation, The Hewlett Packard Enterprise Company, BMC Software Inc., VMware Inc., Nokia Corporation, Red Hat Inc., and Riverbed Technology, among others.
Network Automation Market Segmentation
Market Insight, By Network Type
- Virtual Network
Market Insight, By Deployment
Market Insight, By End-User
- IT and Telecom
- Energy and Utilities
Market Insight, by region
- North America
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- IBM Corporation
- Cisco Systems Inc.
- Juniper Networks Inc.
- SolarWinds Corporation
- The Hewlett Packard Enterprise Company
- BMC Software Inc.
- VMware Inc.
- Nokia Corporation
- Red Hat Inc.
- Riverbed Technology,