Network Automation Market 2024 | Share, Size, Trends, Demand, Growth and Business Opportunities by 2032

The latest report by IMARC Group, titled "Network Automation Market Report by Component (Solution, Services), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-size Enterprises), Network Type (Physical, Virtual, Hybrid), End Use Industry (IT and Telecom, Manufacturing, Energy and Utility, Banking and Financial Services, Education, and Others), and Region 2024-2032". Offers a comprehensive analysis of the industry, which comprises insights on the market. The global network automation market size reached US$ 20.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.3 Billion by 2032, exhibiting a growth rate (CAGR) of 17.6% during 2024-2032.

Factors Affecting the Growth of the Network Automation Industry:

Increasing Demand for Network Efficiency and Reliability: Businesses globally are focusing on enhancing network efficiency and reliability to support their operations effectively. As organizations become increasingly dependent on digital platforms and services, the need for networks that can handle high volumes of data traffic with minimal downtime has become critical. Network automation enables companies to optimize their network operations, ensuring seamless connectivity and performance. Through automated processes, networks can self-monitor, self-configure, and even self-heal in some cases, reducing the need for manual intervention and thereby minimizing the risk of human error.

Proliferation of Cloud-Based Services and Infrastructure: The shift towards cloud computing is a significant driver of network automation. As more businesses migrate to the cloud, the complexity of managing network resources across diverse and distributed environments increases. Cloud-based services and infrastructure require dynamic scaling and flexible resource allocation to meet fluctuating demands efficiently. Network automation tools and technologies enable organizations to manage these complexities by providing the ability to automatically adjust network configurations, optimize resource utilization, and ensure consistent service delivery.

Advent of Virtualization and Software-Defined Networking (SDN): Virtualization and Software-Defined Networking (SDN) have revolutionized network management by introducing unprecedented flexibility and control over network resources. Virtualization allows for the creation of multiple virtual networks that can coexist on the same physical hardware, reducing hardware dependency and costs. SDN separates the network's control plane from the forwarding plane, enabling centralized network management and making networks more adaptable to changing business requirements. Network automation leverages these technologies to automate the deployment, maintenance, and scaling of virtualized network functions, facilitating quicker adjustments to network configurations and policies.

For an in-depth analysis, you can request the sample copy of the report: https://www.imarcgroup.com/network-automation-market/requestsample

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
• Vmware Inc.

Network Automation Market Report Segmentation:

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

Solutions represented the largest segment by component because they form the core of network automation, offering comprehensive tools and platforms necessary for automating various network functions and processes.

By Deployment Mode:

• On-premises
• Cloud-based

On-premise deployment was the largest segment as many organizations prioritize data security and control, preferring to manage their network automation systems within their physical premises.

By Organization Size:

• Large Enterprises
• Small and Medium-size Enterprises

Large Enterprises constituted the largest segment by organization size due to their extensive network infrastructures and the higher complexity of operations, which necessitate advanced automation solutions to manage efficiently.

By Network Type:

• Physical
• Virtual
• Hybrid

Physical networks were the largest segment by network type because they form the foundational infrastructure upon which digital and communication services operate, requiring automation to enhance performance and reliability.

By End Use Industry:

• IT and Telecom
• Manufacturing
• Energy and Utility
• Banking and Financial Services
• Education
• Others

IT and Telecom emerged as the largest segment, driven by their inherent need for robust, scalable, and efficient network infrastructure to support the high volume of data and communication services they handle.

Regional Insights:

• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

North America was the largest market by region, attributed to the early adoption of advanced technologies, the presence of a large number of network automation solution providers, and significant investments in IT infrastructure by businesses across various sectors.

Global Network Automation Market Trends:

The global network automation market is driven by a confluence of factors that are shaping its growth and expansion, such as the increasing demand for network efficiency and reliability, as businesses seek to streamline operations and reduce downtime. This is further amplified by the proliferation of cloud-based services and infrastructure, which necessitates automated network management solutions to handle complex, distributed environments effectively.

Additionally, the advent of virtualization and software-defined networking (SDN) technologies introduces flexibility and scalability into network management, encouraging the adoption of automation, which is boosting the market growth. Moreover, the surge in data traffic and the need for bandwidth management due to the explosion of IoT devices and smart technologies have made network automation not just a preference but a necessity, further stimulating the market growth.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/network-automation-market

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