Network Automation Market Size, Industry Share, Growth, Upcoming Trends and Global Forecast 2022-27
According to the latest report by IMARC Group, "Global Network Automation Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global network automation market reached a value of US$ 13.85 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 48.19 Billion by 2027 exhibiting a CAGR of 21.50% during 2022-2027.
Network automation represents the process of utilizing software to automate the operating, managing, and testing of physical and virtual devices. It uses numerous solutions, including virtualization, managed services, network automation tools, etc. Network automation also utilizes programmable logic to manage network resources and services, which further assist in maximizing the efficiency of the network. Apart from this, it aids in building reliable networks, managing manual tasks, gaining network visibility, enhancing operational speed, etc. As a result, network automation is widely used across several industries, such as healthcare, information technology (IT), telecommunication, etc.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Network Automation Market Trends and Drivers:
The expanding adoption of smart connected devices is one of the primary factors driving the network automation market. In line with this, network automation helps simplify and scale up network operations by reducing configuration errors, which is further propelling the market growth.
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Moreover, the increasing concerns towards cloud security and the escalating demand for network automation across organizations to minimize the risk of data thefts are acting as significant growth-inducing factors. Besides this, continuous technological advancements, including the integration of artificial intelligence and machine learning to improve troubleshooting and identify inefficiencies and irregularities through real-time data monitoring, are also positively influencing the global market.
Furthermore, the inflating need for high-resolution and quality videos and the growing popularity of Over-the-Top (OTT) platforms are augmenting the market growth. In addition to this, the shifting consumer preferences towards remote working solutions are projected to stimulate the network automation market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Network Automation Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and Vmware Inc.
The report has segmented the market on the basis of region, component, deployment mode, organization size, network type and end use industry.
Breakup by Component:
· Solution
o Network Automation Tools
o SD-WAN and Network
o Virtualization
o Internet-Based Networking
· Services
o Professional Service
o 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
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
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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