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Network Automation Market: Meticulous Research® Reveals Why This Market is growing at a CAGR of 22.8% to reach $32.4 Billion by 2028

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Network Automation Market: Meticulous Research® Reveals Why This Market is growing at a CAGR of 22.8% to reach $32.4 Billion by 2028

August 17
19:49 2021
The Network Automation Market is expected to reach $32.4 billion by 2028, at a CAGR of 22.8% during the forecast period of 2021 to 2028.
Network Automation Market by Component, Deployment Mode, Industry Size, Networking Type (Physical Networking, Virtual Networking, Hybrid Networking), Industry Vertical (CSPs, Data Centers, and Enterprises)– Global Forecast to 2028

Network automation solutions have received significant attention from communication service providers due to the considerable benefits offered by the solutions, including accelerating unified standards for building communication service providers’ infrastructure, higher network capacity, higher throughput, and increased bandwidth. Furthermore, growing demand to monitor, locate, identify, and resolve network and security issues and increase demand to deploy, provision, and orchestrate network functionality and services for communication service providers drive the growth of the network automation market.

In its latest publication on the network automation market, Meticulous Research states that the global network automation market will grow at a CAGR of 22.8% from 2021 to 2028 to reach $32.4 billion by 2028.

The growth of this market is backed by the increasing demand for safer smart healthcare systems with intent-based networking technology; increasing need to detect and identify old hardware, compliance, and storage issues; and increasing need for zero-touch provisioning and unified network visibility. Furthermore, the rising trend of Zero Trust Networking (ZTN), Automation as a Service (AaaS) or Monitoring as a Service (MaaS), and Network Automation as a Service (Network AaaS) with CloudVision or Software-as-a-Service (SaaS) has attracted several organizations to incorporate network automation solutions. However, the increasing availability of open-source automation tools and degrading global economic conditions due to the spread of the global pandemic of COVID-19 considerably obstructed the growth rate of the network automation market.

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Scope of the Report

Network Automation Market, by Component 

  • Solutions / Software
    • Configuration Management Tools
    • SD-WAN and Network Virtualization Tools
    • Intent-based Networking Solutions/Platforms
    • Other Network Automation Tools
  • Professional Services
    • Advisory, Analytics & Automation
    • Deployment & Integration
    • Training & Supporting

Network Automation Market, by Deployment Mode

  • On-premise
  • Cloud-based

Network Automation Market, by Industry Size

  • Large Enterprises
  • Small and Mid-Sized Enterprises

Network Automation Market, by Networking Type  

  • Physical Networking
  • Virtual Networking
  • Hybrid Networking

Network Automation Market, by Industry Vertical  

  • CSPs
  • Data Centers
  • Enterprises
    • IT & Telecommunication
    • Manufacturing
    • Government & Public Sector
    • Retail
    • BFSI
    • Healthcare and Life Science
    • Education
    • Energy and Utilities
    • Media & Entertainment
    • Other Industry

Network Automation Market, by region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Rest of MEA

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To provide efficient analysis, Meticulous Research® has segmented this market based on component (solutions/software, professional services), deployment mode (on-premise, cloud-based), enterprise size (large enterprises, small and mid-sized enterprises), networking type (physical networking, virtual networking, hybrid networking), industry vertical (CSPs, data centers, and enterprises). The study also evaluates industry competitors and analyses the market at a country level.

Geographically, in 2021, North America is expected to command the largest share of the network automation market. Several enterprises in the region are adopting network automation solutions to enhance their IT infrastructure and leverage the benefits of automated networking solutions such as enhanced security, reduction in manual working, and increased productivity.

Furthermore, the increasing adoption of virtualization and software-defined networking solutions by various industries in the region is contributing to the growth of the network automation market growth. In addition, the growing availability of a technically developed workforce and economic support for the sales operations, the automation first’ mindset of the U.S.-based consumers, and expertise in designing and implementing network automation solutions is driving the growth of the network automation market in North America.

In terms of industry vertical, in 2021, the data center segment is expected to command the largest share of the network automation market. The large share of this segment is mainly attributed to the trend of the rapid adoption of virtualized networking solutions by the data centers as it offers significant benefits such as increased agility, operational efficiency, better security, and compliance, and automates routine procedures such as patching, updating, reporting, scheduling, and monitoring across the data center.

In terms of networking type, in 2021, the physical networking segment is expected to command the largest share of the network automation market. The large share of this segment is mainly attributed to the growing demand to manage the complexities of modern, dynamic networks and orchestrate services in the physical networks, the rising demand for monitoring networks infrastructure for solving issues, and increasing deployments of network automation solutions across the physical network.

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/network-automation-market-5202

Key Players

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, including Cisco Systems, Inc. (U.S.), VMware, Inc. (U.S.), Red Hat, Inc. (U.S.), IBM Corporation (U.S.), Juniper Networks, Inc. (U.S.), Micro Focus International plc (U.K.), BMC Software, Inc. (U.S.), Fujitsu Group (Japan), AppViewX (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Forward Networks, Inc. (U.S.), SolarWinds Corporation (U.S.), Apstra (U.S.), NetBrain (U.S.), BlueCat Networks (Canada), Itential (U.S.), NetYCE (Netherlands) Microsoft Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Dell Technologies, Inc. (U.S.), NVIDIA Corporation (U.S.), Huawei Technologies Co., Ltd. (China), Arista Networks, Inc. (U.S.), Anuta Networks International LLC (U.S.), Nokia Corporation (Finland), Palo Alto Networks, Inc. (U.S.), and Fortinet, Inc. (U.S.).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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