The global Network Automation Market is estimated to be valued at US$ 14.56 Bn in 2021 and is expected to exhibit a CAGR of 23.4% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Network Automation Market refers to the deployment of AI and machine learning technologies in managing and automating the network infrastructure of organizations. It involves the use of software-defined networking (SDN) and network functions virtualization (NFV) to simplify and streamline network operations. This market offers various advantages, such as improved network efficiency, reduced downtime, enhanced security, and cost savings through automation of routine tasks.
Market Key Trends:
One key trend driving the growth of the Network Automation Market is the increasing adoption of AI and machine learning in network management. With the growing complexity of network infrastructures, organizations are turning to AI and machine learning technologies to automate network tasks, monitor network performance, detect anomalies, and optimize network operations. These technologies enable proactive network management, predictive maintenance, and intelligent troubleshooting, leading to improved network uptime, better resource utilization, and enhanced user experience.
In summary, the Network Automation Market is expected to witness high growth in the coming years, driven by the increasing adoption of AI and machine learning in network management. This trend will enable organizations to optimize their network operations and improve overall network efficiency.
PEST Analysis:
Political: The political landscape plays a crucial role in the network automation market. Government regulations and policies regarding data privacy and security can have a significant impact on the adoption of network automation solutions. For example, stringent data protection laws may require organizations to invest in advanced network automation tools to ensure compliance.
Economic: The economic factors influencing the network automation market include economic growth, disposable income, and overall business spending. As businesses strive for operational efficiency and cost optimization, network automation solutions become increasingly attractive. The growing emphasis on digital transformation and the adoption of cloud-based technologies further contribute to the economic drivers of this market.
Social: Social factors such as changing consumer behavior and preferences can influence network automation adoption. The increasing reliance on digital platforms and the need for seamless connectivity drive the demand for efficient network infrastructure. Moreover, the rising popularity of remote work and the need for remote access to corporate networks create opportunities for network automation solutions.
Technological: Technological advancements are a major driver of the network automation market. The rapid evolution of artificial intelligence (AI) and machine learning (ML) technologies enable automation of complex network tasks, leading to improved efficiency and reduced human intervention. The integration of automation tools with software-defined networking (SDN) and network functions virtualization (NFV) technologies further accelerates the growth of this market.
Key Takeaways:
The global Network Automation Market Share is expected to witness high growth, exhibiting a CAGR of 23.4% over the forecast period (2022-2030). This growth is primarily driven by the increasing need for operational efficiency and cost optimization in businesses, as well as the rising demand for seamless connectivity.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the network automation market. This can be attributed to the presence of major market players, high adoption of advanced technologies, and the increasing focus on digital transformation in industries such as IT & telecom, BFSI, and healthcare.
Key players operating in the network automation market include Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage Networks (Nokia Networks), IBM Corporation, NetBrain Technologies Inc., AppViewX Inc., Micro Focus International PLC, Fujitsu Limited, Arista Network Inc., SolarWinds Inc., Forward Networks Inc., and Network Automation Inc. These key players contribute significantly to the market growth through their technological advancements, product innovation, and strategic partnerships.
Read More,
