Authored By: Sarah
20 Nov 2023

Network Automation Market to witness revenue growth of  USD 29.02 Bn through 2023-2027  

According to projections, the network automation market will grow at a compound annual growth rate (CAGR) of 16.95%,  followed by USD 29.02 billion revenue growth, between 2022 and 2027. The growth trajectory of the network automation market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

" Exploring the market drivers it has been observed that Increasing demand for network automation in various industries is propelling the market advancement of the Network Automation Market."

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Snapshot of Network Automation Market Analysis

An important driver of the growth of the global network automation market is the growing need for network automation across different sectors. The need for digital transformation and corporate automation has increased dramatically in all sectors of the economy, including the oil and gas, automotive, and healthcare industries is the primary cause for the growing trend of businesses seeking to streamline and enhance their processes.

Organisations like Anuta Networks International LLC, AppViewX Inc., Arista Networks Inc., Backbox Software Ltd., BlueAlly, BlueCat Networks Inc., BMC Software Inc., Cisco Systems Inc., HCL Technologies Ltd., International Business Machines Corp., Itential Inc., Juniper Networks Inc., Kentik Inc., NetBrain Technologies Inc., NetYCE BV, Open Text Corp., Palo Alto Networks Inc., SolarWinds Corp., Versa Networks Inc., and VMware Inc. are some of the major market participants,comes with wide range of offerings as per industry requirements and is contributing significantly in market development across the world.

In-depth research of the market's revenue projections, along with a look at the major players, market drivers, and development prospects, are all included in Technavio's latest report. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 16.95%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 29.02 Bn through 2023-2027.

  3. What is a key factor driving this market?
    Increasing demand for network automation in various industries will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and Middle East and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    39% growth will originate from North America

  6. What are the market segments covered in this report?
    The market is segmented by Component (Solutions and Services), Deployment (On-premise and Cloud), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
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