Global Network Automation Market

Global Network Automation Market Size, Share, Growth Analysis, By Network Type(Physical, Virtual), By Deployment type(On-Premises, Cloud), By Application(IT, Telecom) - Industry Forecast 2024-2031


Report ID: SQMIG45E2075 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 94 | Figures: 76

Global Network Automation Market Dynamics

Network Automation Market Drivers

Increase in Data Centers as a result of Increase in Network Traffic

  • Data centers are undergoing a considerable change as a result of rising network traffic and cloud technology and this is boosting the market growth. The network is crucial to IT operations more than ever in the new cloud-based environment. Moreover, as users access the data and computing resources from both remote locations and corporate headquarters, network traffic is growing as key servers and data are hosted in the cloud. The abundance of cloud services that supplement conventional enterprise data centers has made network traffic flow patterns more complex. A lot of businesses are seeking ways to make their networks more cloud compatible. Network automation solutions are becoming more necessary as a result of the growing network traffic since they improve network management and provide full network visibility across all environments.
  • Businesses encouraging IT companies to make changes more quickly, make services more accessible, and cut operational costs. The relevance of network automation in IT firms is growing as a result of these queries and the fact that networks are getting bigger and more complex. However, the market for network automation has been expanding by double digits as a result of the increased use of smart connected devices and cloud-based services. In order to understand network behavior, provide predictive analysis, and offer recommendations to network engineers, network automation systems largely leverage cutting-edge technology like artificial intelligence (AI) and machine learning. Automation has been made simple through the integration of AI and ML, and this is enabling the sector to expand with unrestricted prospects.

Network Automation Market Restraint

Open-source automation and complexities to constrain the market growth

  • Accessible open-source automation tools to restrain the Network Automation Market growth. Effective open-source network monitoring solutions have been created by a number of open-source technology developers; these solutions are thought to be superior to their more expensive commercial equivalents. 
  • SMEs prefer open-source network automation solutions due to budgetary constraints, the market for commercial network automation solutions is being restrained by the availability of such affordable and open-source solutions. By delivering for-profit upgrades to these goods, some merchants are attempting to profit from open-source solutions. Paid versions of products with improved features like automated software patch downloads, support, and maintenance are examples of commercial upgrades.
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FAQs

Network 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).

The Global Network Automation market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase Network Automation Market share and profitability. 'Cisco Systems Inc.', 'Juniper Networks Inc.', 'Huawei Technologies Co. Ltd.', 'IBM Corporation', 'Hewlett-Packard Development Company, L.P.', 'NEC Corporation', 'CA Technologies', 'BMC Software Inc.', 'Micro Focus International plc', 'Infosys Limited', 'Tata Consultancy Services Limited', 'Accenture plc', 'Wipro Limited', 'HCL Technologies Limited', 'VMware Inc.', 'Red Hat Inc.', 'Nokia Corporation', 'Ericsson AB', 'F5 Networks Inc.', 'Arista Networks Inc.'

Data centers are undergoing a considerable change as a result of rising network traffic and cloud technology and this is boosting the market growth. The network is crucial to IT operations more than ever in the new cloud-based environment. Moreover, as users access the data and computing resources from both remote locations and corporate headquarters, network traffic is growing as key servers and data are hosted in the cloud. The abundance of cloud services that supplement conventional enterprise data centers has made network traffic flow patterns more complex. A lot of businesses are seeking ways to make their networks more cloud compatible. Network automation solutions are becoming more necessary as a result of the growing network traffic since they improve network management and provide full network visibility across all environments.

Network Automation to Offer Automates Solutions: Network automation and orchestration tools are evolving from niche functions used by individual employees within infrastructure and operations (I&O) to provide robust solutions that enable network operations increasingly automated. 

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.

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Global Network Automation Market

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