Network Automation Market Size to Reach USD 28,408 Million by 2030 According to Acumen Research and Consulting

Acumen Research and Consulting

Acumen Research and Consulting recently published a report titled “Network Automation Market Size, Share, Regional Analysis Report and Forecast, 2022-2030”

TOKYO, June 19, 2022 (GLOBE NEWSWIRE) — The Global Network Automation Market accounted for USD 3,957 million in 2021 and is expected to reach USD 28,408 million by 2030, with a significant CAGR of 24.6% from 2022 to 2030.

Rising IT costs for network operations is one of the most pressing concerns for network administrators. The growth of data and devices is outstripping computing capabilities, making manual procedures virtually unfeasible. Despite this, up to 95% of network changes are made manually, resulting in operational costs 2-3 times the cost of the network. Thus, companies are increasing their IT and network automation, which is managed centrally and remotely, to keep pace with the digital world.

Enterprise customers and their applications will increasingly depend on the network as the transition to the cloud progresses. Networks should be very reliable with minimal outages as a result of this transition. Automation is a fundamental technique for service providers to increase network agility and reliability while reducing operational and capital expenditures.

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Network Automation Market Report Coverage:

Market

Network Automation Market

Market size 2021

$3,957 million

Market Forecast 2030

$28,408 million

CAGR

24.6% from 2022 to 2030

Analysis period

2018 – 2030

Year of reference

2021

Forecast data

2022 – 2030

Segments Covered

By component, by network type, by deployment mode, by organization size, by end user, by vertical, and by geography

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Profiled Key Companies

Anuta Networks, Apstra, BlueCat, BMC Software, Cisco, Entuity, Forward Networks, Fortinet, Inc., IBM, Juniper Networks, Micro Focus, NetBrain, Riverbed, Solar Winds, Veriflow and VMware.

Report cover

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis

Scope of customization

10 a.m. free customization and expert advice

Impact of COVID-19 on the Network Automation Industry

Internet traffic has increased significantly and is now 25-30% higher than normal due to increased work-from-home facilities due to lockdown measures in many countries. In addition to work-from-home facilities, students around the world were also learning from home using virtual learning methods. For example, data published by UNESCO indicates that 850 million students are using virtual learning methods and several million workers have shifted to work-from-home strategies, resulting in a massive shift in the use of communication networks. As a result, virtual and software-defined networks are becoming increasingly popular in a variety of industries.

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Global Network Automation Market Growth Drivers

Businesses are now demanding more agile change, better service availability, and lower operational expenses from IT. These questions, combined with the reality that networks are becoming larger and more complex, reinforce the importance of network automation in IT enterprises. Again, growth in the adoption of smart connected devices and increasing implementation of cloud-based services are also responsible for the double-digit growth of the network automation market. Network automation solutions make extensive use of advanced technologies such as AI and machine learning to learn network behavior, inform predictive analysis, and provide recommendations to network engineers. This integration of AI and ML has facilitated automation and helps the market grow with absolute opportunities.

However, the global network automation industry is constrained by the presence of open source tools, increasing security threats, and lack of awareness among network administrators. Conversely, surging investment in emerging automation solutions, increasing number of start-ups offering network automation solutions are expected to generate ample growth prospects for the market throughout the forecast period 2022-2030.

Global Network Automation Market Segmentation

The network automation market is divided into seven categories: component, network type, deployment model, organization size, end user, industry vertical, and region. Based on components, the market is divided into solutions and services. According to our analysis, the solutions segment achieved a substantial market share in 2021.

By network type, the market is split into physical, virtual, and hybrid. Among network types, physical network segment has accumulated remarkable market share in 2021. On-premises and cloud-based are the divisions of deployment model segment. By deployment model, the cloud-based segment is poised to grow with the fastest CAGR in the coming years.

According to the size of the organization, the market is divided into large enterprises and SMEs. Large enterprises dominated the largest market share, while SMEs achieved the fastest growth rate. The end user segment is sub-segmented into enterprise verticals and service providers.

Further, the industry vertical segment is categorized into IT, Education, BFSI, Healthcare, Manufacturing, Energy & Utilities, and Others (Retail, Government & Defense, Media & Entertainment). Based on our analysis, the IT segment occupied a considerable share of the market in 2021.

Regional position of the network automation market

North America, Latin America, Asia-Pacific, Europe, Middle East and Africa are the regional segments of the market. On the basis of regions, North America garnered the maximum market share throughout the forecast period 2022 – 2030. Presence of key companies, increasing investments from automation solution providers network and dominance in internet penetration and technology adoption are some of the key factors driving the region. market growth. However, the Asia-Pacific region is expected to experience the fastest growth in the coming years. The rapid growth of the region can be attributed to the increase in network traffic and technological advancements in network technologies in countries such as China, India, and Japan. Additionally, an increase in data theft and security issues has fueled the demand for the Asia-Pacific market.

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Main actors

The network automation industry involves many key players. Key players profiled in the report are Anuta Networks, Apstra, BlueCat, BMC Software, Cisco, Entuity, Forward Networks, Fortinet, Inc., IBM, Juniper Networks, Micro Focus, NetBrain, Riverbed, Solar Winds, Veriflow, and VMware.

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About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of information and consulting services in the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals, and business executives make fact-based decisions about technology purchases and develop business growth strategies to compete in the marketplace . With a team of over 100 analysts and a collective industry experience of over 200 years, Acumen Research and Consulting ensures to provide a combination of industry knowledge with global and national level expertise.

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