IMARC Group, a leading market research company, has recently releases report titled “Network Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global network automation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Network automation refers to the process of utilizing software to automate network, security provisioning and management and maximizing network efficiency. It functions like software programming as it uses comparable logic and frameworks to manage and schedule the automation of various tasks. It can automate various network functions, such as resource provisioning, network mapping, and network testing. It also enables organizations to embrace new cloud-native applications and DevOps workflows with networking and security management. It also allows companies to save time and money and make processes more flexible and agile.
The global network automation market size reached US$ 17.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028.
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List of key players
AppViewX Inc., BMC Software Inc., Cisco Systems Inc., Extreme Networks Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks Inc., Micro Focus International PLC, Netbrain Technologies Inc., Solarwinds Corporation and Vmware Inc.
Network Automation Market: Key Drivers and Trends
At present, the increasing demand for network automation as it standardizes processes and removes the risk of human error represents one of the primary factors propelling the growth of the market. Besides this, the rising utilization of network automation, as it enables prompt operation units to integrate and configure application services and network infrastructure, is contributing to the growth of the market. In addition, the growing employment of network automation, as it increases network uptime and stability, is offering a favorable market outlook. Apart from this, the increasing utilization of advanced technological tools, such as machine learning, big data, and artificial intelligence (AI), is supporting the growth of the market.
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Network Automation Market 2023-2028: Segmentation
Breakup by Component:
- Network Automation Tools
- SD-WAN and Network
- Internet-Based Networking
- Professional Service
- Managed Service
Breakup by Deployment Mode:
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-size Enterprises
Breakup by Network Type:
Breakup by End Use Industry:
- IT and Telecom
- Energy and Utility
- Banking and Financial Services
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Report Purchase Reason:
- Historical market data from 2017-2022
- CAGR of the market during the forecast period 2023-2028
- Detailed information on factors that will drive Network Automation Market growth during the next five years
- Precise estimation of the Network Automation Market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- The growth of the Network Automation Market industry across North America, APAC, Europe, Latin America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of Network Automation Market key players