The Global Network Automation Market was valued at USD 3.2Bn in 2020 is expected to reach USD 14.9 Bn by 2027, with a growing CAGR of 24.6% during the forecast period(2017-2027).
Network automation is the way toward automating the configuration, management, testing, deployment, and activities of physical and virtual devices within a network. It is used in various organizations and service providers to further develop effectiveness and diminish human mistakes and working costs. The tools of network automation functions are going from fundamental organization planning and gadget revelation, to more perplexing work processes, such as network design for the executives and the provisioning of virtual organization assets. It assumes a significant part in programming characterized network, network virtualization, and organization coordination, empowering mechanized provisioning of virtual organization inhabitants and capacities, such as virtual burden adjusting. It has a few centre advantages like further developed effectiveness, diminished probability of human blunder, and lower functional expenses. The rise in hybrid work culture across the globe due to the COVID-19 pandemic is expected to accelerate the network automation market growth. Moreover, due to the increasing need for IT automation in business is expected to proliferate the growth of the network automation market. The remotely managed IT automation is a mandate for the organization to keep pace in the digital world.
The key players such as Cisco, Juniper and others offer network automation tools to impeccably move data and apps between on-premises and cloud-based data centres. For instance, Cisco DNA, and intent-based digital network, helps in transforming manual configuration, provisioning, onboarding, and software management processes to simplify and scale network operations, which minimize the configuration errors.
In addition to this, advancements in the technologies such as the integration of artificial intelligence and machine learning are expected to drive the growth of the network automation market. For instance, in February 2020, Ericsson has released new artificial intelligence (AI)-powered services in its Network Services portfolio, allowing communications provider vendors to stable always-on networks and deliver the most reliable consumer experiences.
The Global Network Automation Market Segmentation:
By Component
By Network Type
By Deployment Mode
By Organization Size
By Industry Vertical
By Region
Company Profiles and Competitive Intelligence:
The key players operating in the network automation market are:
The unique insights provided by this report also include the following:
Based on deployment type, the on-premises segment is expected to dominate the network automation market during the forecast period owing to its ability to provide better control over data and systems
The on-premise segment dominates the market and is expected to show its dominance over the forecast period. The growth in the segment is attributed to its ability to provide better control over data and systems. However, the cloud segment is showing a rapid growth rate during the timeframe owing to secure and fast network capabilities. Moreover, it is easy to deploy and cost-effective and thus, is likely to fuel the segment growth.
Based on organization size, the large enterprise's segment in the network automation market is projected to capture the major market share during the forecast period due to the increasing preference for network automation solutions to monitor and manage big and complex network infrastructure
The large enterprise's segment is expected to hold the largest market share during the forecast period. The growth in this segment is attributed to the increasing preference for network automation solutions to monitor and manage big and complex network infrastructure. However, the SMEs segment is expected to witness the fastest growth during the forecast period owing to the increasing awareness regarding network automation solutions. Moreover, operation and business models are different as compared to traditional business. Thereby, this is in turn, proliferating the segment growth.
Based on the industry vertical, the IT & telecom segment holds the major market share in the network automation market and is expected to show its dominance during the forecast period owing to the early adoption of network automation solutions
The IT and telecom sector holds the largest market share in the network automation market over the forecast period owing to the early adoption of network automation solutions. To make modern responsive network infrastructure, IT groups of practically all enterprises have begun making virtualized server farms joined with examination to assist networks with facing new difficulties and demands. However, the manufacturing sector witnessed the quick development in network automation solutions due to the advent of industry 4.0, savvy producing, and industrial automation, among others.
Based on regions, North America holds the major market share in the network automation market during the forecast period followed by Europe and Asia-pacific due to the increasing number of data centres and the rapid shift of SMEs towards digitalization
North America dominated the network automation market and is expected to hold the largest market share during the forecast period. The growth in the region is attributed to the increasing number of data centres and the rapid shift of SMEs towards digitalization. Moreover, the fast adoption and high spending in 5G network infrastructure are one of the major factors for the growth of the market in the region. For instance, according to the GSMA report,2019, North America, mainly the US, can have the highest rate of 5G adoption, driven through early launches and the propensity of home customers to rapidly adopt new technologies. By 2025, 202 million 5G connections (predominantly smartphones) in North America, amounting to nearly half the cellular connections.
Besides, Asia-Pacific is the fastest-growing region in the network automation market during the forecast period. This is attributable to increasing investment by the countries such as China, South Korea, and India in the development of 5G infrastructure and is anticipated to support the growth of the market in the region. Moreover, due to the increasing adoption of automated technologies and the rising interest of key players to establish their operation in the region are the major factor to boost the growth of the network automation market in the region. For example, In December 2019, Schneider Electric launched its second smart factory in Banglore, India. This is the second such facility representing the company’s EcoStruxure architecture and related suite of offerings drives process automation, increases operational efficiency and reduces costs in the industrial environment
The report also provides an in-depth analysis of network automation market dynamics such as drivers, restraints opportunities and challenges
Drivers
Restraints
Opportunities
Challenges
COVID-19 Impact on the Network Automation Market Analysis
The COVID-19 pandemic has significantly impacted various industries such as manufacturing, oil & gas and others due to the strict lockdown imposed by governments across the globe. However, with the rise in hybrid workspace culture due to concerns related health of an individual by the COVID-19 pandemic, internet traffic has risen significantly. For instance, according to the organization for Economic Co-operation and Development (OECD) report published in 2020, it is estimated that demand for broadband communication services has soared, with some operators experiencing as much as a 60% increase in Internet traffic as compared to before the crisis. This has expanded the interest in network automation solutions to manage network and data traffic. Further, there is an expanded requirement for high data transfer capacity networks during the pandemic. In this way, the adoption of virtual and programming characterized networking has expanded across numerous verticals. This developing appropriation has direct outcomes on network automation as far as breaking down and dealing with the organization traffic, network arrangement, sending of strategies, and organization transfer speed to smooth out the business continuity. A more detailed analysis specific to the network automation market will be provided in the report.
The report also provides an in-depth analysis of key trends in the network automation market
Sr. No. | Trends | Impact |
1 | Hybrid working culture due to rise of COVID-19 Pandemic | Positive |
2 | Artificial Intelligence is an emerging trend and adopted by various industries such as healthcare, manufacturing, automotive and others will drive digital transformation | Positive |
The report also provides an in-depth analysis of recent news developments and investments
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Market Segmentation (Market Size and Share Analysis)
Company Profiles