Network Automation Market Size to grow by USD 46613.9 million between 2024-2028
According to a research report “ Network Automation Market” by Component (Solutions, Services) Deployment (On-premise, Cloud) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 46613.9 million, at a CAGR of 21.48% during the forecast period. In today's business landscape, automation and digital transformation are key priorities for organizations across various sectors, including automotive, healthcare, and oil and gas. To meet these demands, network automation has emerged as a crucial solution for streamlining operations and enhancing efficiency. By automating repetitive tasks, network automation reduces manual errors, frees up human resources for strategic initiatives, and optimizes networks for increased productivity and operational efficiency. Furthermore, in industries such as BFSI, retail, and manufacturing, workforce management solutions are increasingly being implemented to automate internal and external networks, particularly those involving customers, partners, or suppliers, and self-service applications. These advancements enable businesses to improve their overall agility and competitiveness in the market..
Browse market data tables, figures, and in-depth TOC on “Network Automation Market” by Component (Solutions, Services) Deployment (On-premise, Cloud) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Component, the Solutions segment is projected to dominate the market size in 2024
In the realm of Network Automation, various approaches exist to automate network components and processes. These methods span from fundamental command line interfaces (CLI) to advanced automation software. At the foundational level, automated network elements can employ standard CLI commands and arguments, enabling chaining of events through bash operators or shell scripts. Alternatively, automation software offers a more sophisticated solution by integrating network tasks into pre-built programs, allowing for selection, scheduling, and execution via the application's user interface.
By Deployment, On-premise segment is expected to hold the largest market size for the year 2024
In the realm of network automation, on-premises solutions offer valuable features such as workflow optimization, budgeting, and comprehensive reporting. These solutions enable organizations to align and execute network automation strategies across various business units, functions, and product lines. However, the on-premises model comes with additional expenses, including monitoring, maintenance, upgrades, and end-user support. Conversely, cloud-based network automation solutions present a more cost-effective alternative, as they eliminate the need for on-site infrastructure and associated expenses. Despite the higher cost of on-premises software, its ability to provide control over critical data makes it an attractive option for many organizations. The network automation market is expected to expand significantly during the forecast period due to the benefits it provides in streamlining workflows, managing budgets, and ensuring consistent execution of network automation objectives.
North America is forecasted to hold the largest market size by region in 2024
The Network Automation Market is experiencing significant growth due to the increasing demand for efficient and cost-effective solutions. Businesses are seeking to automate their network operations to enhance productivity, reduce errors, and ensure compliance with regulatory requirements. Network automation tools enable organizations to streamline processes, improve network security, and optimize resource utilization. This trend is expected to continue as digital transformation initiatives gain momentum.
The Network Automation Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Network Automation Market is experiencing significant growth due to the increasing demands from enterprises in various industries, including data centers, telecommunication sector, energy and utilities, healthcare, and IoT products. With the rise of edge computing and the implementation of lockdown measures, there has been a surge in internet traffic, leading to the need for more efficient and automated network management. Switches and routers are at the core of network infrastructure, and network automation software plays a crucial role in managing and securing these devices. Machine Learning (ML) and Artificial Intelligence (AI) are being integrated into network automation solutions to improve network performance, optimize bandwidth networks, and enhance security. Businesses are under pressure to meet evolving IT demands, and network automation is becoming essential for managing complex network environments. The telecommunication sector is also investing heavily in network automation to improve network agility and reduce operational costs. Network virtualization and data center infrastructure are other areas where network automation is making a significant impact. The integration of network automation with ML and AI is expected to further revolutionize network management, providing real-time insights and predictive analytics. Overall, the Network Automation Market is set to grow significantly in the coming years, driven by the increasing demands of businesses and the need for efficient and secure network management.
Market Research Overview
The Network Automation Market is experiencing significant growth due to the increasing demand for Capacity and Performance in Enterprise networks and CSPs (Communication Service Providers). With the advent of 5G technology, Virtualization, Network Functions Virtualization (NFV), and SD WAN, the market is witnessing a shift towards standardization and automation. Open source projects and Management tools are playing a crucial role in Network Architectures, especially in the Cloud segment and Data centers. The Telecommunication sector, SMEs, and Large Enterprises are adopting Network Automation solutions to meet Business demands and IT requirements. Networking technologies like Switches and Routers are being managed and secured with Configuration management tools and Machine Learning (ML) and Artificial Intelligence (AI). The market is also driven by Security concerns, Bandwidth networks, IoT products, and Edge computing. The Cloud segment and Solutions segment are expected to dominate the market, with Energy and Utilities, Healthcare, and Information Technology (IT) being major industries adopting Network Automation. However, Security threats and Lockdown measures due to the pandemic have increased the focus on Networking companies to provide robust and secure Networking solutions. Networking technologies like SD WAN, IT, and Management and security software are essential for Digital Transformation. The market is expected to grow exponentially with the integration of 5G technology, IoT products, and the increasing adoption of Networking technologies in various industries. Network Automation is a key driver for the Digital Transformation of Enterprises and CSPs.
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