Network Automation Market Scope and Overview
The Network Automation Market size was valued at USD 3.93 billion in 2023, with a projected CAGR of 23.1% to reach USD 20.77 billion by 2031, as per SNS Insider report. The market is predicted to witness major growth due to the emerging hybrid workplaces, the rising adoption of connected devices, and 5G-driven services. In addition, a growing focus on usage network virtualization is projected to propel the growth of the market. Moreover, the increasing adoption of network automation-enabled services in numerous verticals, such as IT, retail, manufacturing, and BFSI among others, is positively influencing the network automation market growth.
It also enhances network uptime along with stability. It also offers access to businesses that automate networks to meet specific requirements cost-effectively, replacing command-line instructions for the configuration of devices. Furthermore, the usage of advanced technological tools including machine learning, artificial intelligence & big data, is fueling the growth of the market.
Some of the Major Key Players Studied in this Report are:
- IBM Corporation
- CISCO System
- Juniper Network
- SolarWinds
- Hewlett Packard Enterprise Development LP
- Network Automation Inc
- BMC Software
- VMWare
- Apstra
- Sedona Systems
- Others
Network Automation Market Segmentation Analysis
The growth of the solution segment is due to the adoption of network automation solutions by communication service providers to raise the delivery of these applications. In addition, the major market participants are introducing advanced solutions to meet different industry vertical necessities. The rising adoption of interconnected devices and rising demand for network bandwidth boost the growth of this market.
These applications avoid service-level agreement violations, enhance network uptime, and minimize mean time to repair. The aforementioned advantages offered by network automation motivate CSPs to invest in R&D to enable low-cost and effective solutions, that are witnessed to offer lucrative opportunities for the market. The services segment is projected to witness the fastest CAGR during the estimated timeframe. These services monitor effective functioning and enhance network operational efficiencies during the process.
Market Segmentation and Sub-Segmentation Included Are:
On The Basis of Component
- Solution
- Network Automation Tools
- SD-WAN and Network
- Virtualization
- Internet-based Networking
- Services
- Professional service
- Managed Service
On The Basis of Deployment
- On-premise
- Cloud
On The Basis of Infrastructure
- Physical
- Virtual
- Hybrid
On The Basis of Enterprise Size
- Large Size Organization
- Small & Medium Size Organization
On The Basis of Industry Vertical
- BFSI
- Retail
- IT & Telecommunications
- Manufacturing
- Media & Entertainment
- Education
- Healthcare
- Government
- Others
Increasing strategic alliances & partnerships are propelling the market growth. The market landscape is consolidated and is projected to experience intense competition due to numerous players’ strong presence. Some major players in the market are Vmware, Cisco Systems Inc., Anuta Networks, Juniper Networks, IBM Corporation, and Fortinet, Inc., among others. These key organizations are also partnering with advertisers, telecom operators, and domestic & regional manufacturers to gain a competitive edge over their peers and hold a major market share.
The companies operating in this market are adopting numerous key strategies to capture major market share. For example, in November 2021, VMware, Inc. partnered with Vodafone Group to deliver automation services & orchestration through a single platform on its core networks across Europe.
Recent Developments in the Network Automation Market
In December 2023, Juniper Networks Inc. deployed an intent-based networking data center fabric based on Juniper’s innovative automation software, high-performance hardware, and utilizing NEC’s advanced systems integration expertise. The new data center infrastructure provides a unified platform for DNA’s business-to-business customer services and internal IT services.
In August 2023, Hewlett Packard Enterprise established an automated network architecture, including intelligent wireless LAN infrastructure from HPE Aruba Networking, to create a logistics system for Korea’s retail technology company, Kurly. This initiative aims to enable simpler, highly automated, and more reliable operations and logistics.
Regional Outlook
North America dominated the market in 2023 driven by presence of key players across the region. North America held a dominant market position in 2023 due to the rapid adoption of network automation solutions. The major factor boosting the regional growth is the presence of major players such as IBM Corporation & Cisco Systems Inc. & among others which has fueled the market growth. Major companies are investing hefty amounts in the R&D of data centers, and network infrastructure is positively impacting market growth.
The rising demand for machine learning, deep learning, and Big Data algorithms offers remote network equipment control is propelling the growth of the market. Organizations are filtering their older network infrastructure to advanced IT infrastructure, network virtualization solutions, and cloud deployment services. The BFSI service providers are deploying network automation to reduce errors and raise network traffic complexities.
Key Takeaways
- The growth of the IT segment is due to the early adoption of these solutions by BFSI service providers. The growth of this segment is due to rising use cases and the adoption of these solutions.
- The large enterprises segment held the dominant revenue share in 2023. The rising adoption of virtualization solutions, services & network automation solutions across large enterprises are witnessed to fuel the segment’s growth.
- The hybrid infrastructure segment is expected to witness a fastest CAGR during the forecast period. It assists in the management of cloud-based & physical infrastructure, enabling for better performance optimization. Hybrid infrastructure service automation provides IT operations automation, provisioning, , IT service support automation, and release automation
Table of Contents
- Introduction
- Industry Flowchart
- Research Methodology
- Market Dynamics
- Impact Analysis
- Impact of Ukraine-Russia war
- Impact of Economic Slowdown on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Network Automation Market Segmentation, by Component
- Network Automation Market Segmentation, by Deployment
- Network Automation Market Segmentation, by Infrastructure
- Network Automation Market Segmentation, by Organization Size
- Network Automation Market Segmentation, by Industry Vertical
- Regional Analysis
- Company Profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion
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