The global Network Automation Market is estimated to be valued at US$ 22.17 Bn in 2023 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Network automation refers to the automation of configuration, management and operation of network devices and infrastructure through software. It is widely used by organizations to optimize network resources and improve efficiency by automating repetitive tasks. With network automation, organizations can configure, monitor and troubleshoot networks remotely through centralized management tools and applications. This reduces human errors, saves time and enables quick resolution of network issues. It provides visibility and control over complex networks to enhance security, performance and compliance.
Market key trends:
One of the key trends in the network automation market is the growing adoption of intent-based networking. With intent-based networking, automation is driven by business objectives and intent instead of device configurations. It uses techniques like machine learning and analytics to understand network behavior and automate tasks according to business priorities. This ensures better alignment of network operations with business goals. Another major trend is the increasing demand for multi-domain automation to orchestrate both physical and virtual network resources. Many vendors are integrating their solutions with SDN, NFV and cloud platforms to provide end-to-end network automation across infrastructure domains. This comprehensive automation helps organizations seamlessly provision and manage hybrid networks for agile service delivery.
Threat of new entrants: Low capital requirements and established brand loyalty in the existing players make it difficult for new players to enter the market.
Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes and undifferentiated products.
Bargaining power of suppliers: A few number of technology providers supply specialized products, giving them higher bargaining power.
Threat of new substitutes: Emergence of innovative solutions like cloud automation poses threat of substitution.
Competitive rivalry: Fierce competition exists among key players to gain higher market share.
The Global Network Automation Market Size is expected to witness high growth, exhibiting CAGR of 23.4% over the forecast period, due to increasing network complexity and growing network virtualization.
Regionally, North America is expected to dominate the network automation market during the forecast period. Adoption of advanced technologies and high internet penetration are some key factors driving the North American market. Asia Pacific network automation market is expected to grow at the fastest rate during the forecast period owing to growing investments in digital transformation by businesses in emerging countries like China and India.
Key players operating in the network automation are Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage 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. Key players are focusing on new product launches and partnerships to gain competitive advantage in the market.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it