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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

Product ID: SQMIG45E2075