Product ID: SQMIG45E2075
Report ID:
SQMIG45E2075 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
In 2022, the North America led the global network automation market. The growth of the regional Network Automation Market can be attributed to the broad adoption of cutting-edge technologies like DevOps, SD-WAN, and intent-based networking. The market has grown as a result of the rising demand for deep learning AI algorithms for remotely controlling network equipment and growing investments in 5G projects. These algorithms assist the industry participants in providing improved automation technologies to their end consumers, such as image processing and speech recognition.
In order to give better services to the end-user, telecom service providers are increasingly using automation technologies, and Europe is predicted to hold the second-largest market share in the forecast period. The CSPs in this area are also concentrating on boosting the performance of the currently available spectrum. One of the key reasons accelerating the market's growth in this region is the rising demand for compliance management and an optimized network as a result of the region's expanding internet subscriber base. Further, during the forecast period, Asia Pacific is predicted to have the greatest growth rate. It is anticipated that the rising investments in 5G Infrastructure from nations like China, Japan, South Korea, and India will help the industry expand. Moreover, the increasing use of automation in industries.
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REQUEST FREE CUSTOMIZATIONNetwork Automation Market size was valued at USD 14.56 billion in 2019 and is poised to grow from USD 17.98 billion in 2023 to USD 94.58 billion by 2031, growing at a CAGR of 23.4% in the forecast period (2024-2031).
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Product ID: SQMIG45E2075