Global Network Automation Market

Network Automation Market Size, Share, Growth Analysis, By Component(Solution and Services), By Deployment Mode(On-premise and Cloud), By Organization Size(Large Size Organization and Small & Medium Size Organization), By Region - Industry Forecast 2024-2031


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

Network Automation Market Dynamics

Network Automation Market Drivers 

Data Centers are Undergoing a Major Shift due to Rising Network Traffic and Cloud Technology: 

  • The network is now more crucial to IT operations than ever in the modern, cloud-based environment. Network traffic analytics is also rising as a result of users accessing data and computing resources from both corporate headquarters and remote locations due to crucial servers and data housed in the cloud. Network traffic flow patterns have become more complex due to the advent of cloud services that supplement traditional enterprise data centers. 

Open-Source Automation Tools are Accessible: 

  • With an emphasis on long-term value development, networking companies are making significant investments in the R&D of networking solutions. Reducing their investment in network automation solutions has not stopped top networking businesses from innovating and testing them, despite short-term volatility in financial outcomes and company success. 

Network Automation Market Restraints 

Bias and Ethical Concerns: 

  • A number of open-source technology developers have created efficient open-source network monitoring programs that are thought to be superior to their more costly commercial equivalents. The market for commercial network automation solutions is being restrained by the availability of such affordable and open-source solutions, mostly as SMEs are forced to use open-source solutions due to financial restrictions. 

Regulatory and Compliance Challenges: 

  • Networks must span numerous hosting environments, fixed and mobile devices, and other forms of IT infrastructure in order to provide business applications, data, and services that are continually available from any location in the modern, globally connected digital world. Networks, however, present a significant danger in addition to being an enterprise enabler. 
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FAQs

Network Automation Market size was valued at USD 5.40 Billion in 2022 poised to grow from USD 6.62 Billion in 2023 to USD 33.79 Billion by 2031, growing at a CAGR of 22.60% in the forecast period (2024-2031). 

The competitive environment in the global network automation market is characterised by major players who propel innovation and expansion. Prominent global corporations providing cutting-edge network automation solutions comprise Cisco Systems, IBM, Juniper Networks, and Huawei Technologies. With their varied portfolios and strategic goals, these companies shape the market as they compete on technological innovations, integration skills, and customer service. The market's emphasis on scalability, efficiency, and state-of-the-art automation technology is reflected in their leadership.  'CISCO (United States) ', 'Juniper Networks (United States) ', 'IBM (United States) ', 'Micro Focus (United Kingdom) ', 'NetBrain (United States) ', 'Forward Networks (United States) ', 'SolarWinds (United States) ', 'BMC Software (United States) ', 'Anuta Networks (United States) ', 'Apstra (United States) ', 'BlueCat (Canada) ', 'VMware (United States) ', 'Entuity (United Kingdom) ', 'Veriflow (United States) ', 'Riverbed (United States) '

The network is now more crucial to IT operations than ever in the modern, cloud-based environment. Network traffic analytics is also rising as a result of users accessing data and computing resources from both corporate headquarters and remote locations due to crucial servers and data housed in the cloud. Network traffic flow patterns have become more complex due to the advent of cloud services that supplement traditional enterprise data centers. 

Cross-Industry Adoption is Shaping the Future of Data-Driven Decision-Making: The market for machine learning has seen notable trends and advancements that are indicative of how quickly this game-changing technology is developing. One noteworthy trend is the growing use of machine learning across various industries. Businesses are attempting to make decisions based on data-driven understanding. Machine learning tools are being added more often. 

Due to sophisticated technological infrastructure, large investments in IT and digital transformation, and concentration of top technology companies, North America leads the global network automation market. The region has an established market for network solutions and a strong emphasis on innovation, which creates a large demand for automation technologies. Furthermore, North America's market position is further enhanced by the high rates of cloud computing adoption and the growing demand for effective network administration in a cutthroat corporate climate. Its leadership in network automation, which sets the bar for international norms, is partly a result of strict regulatory compliance requirements and a strong technology environment. 

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Global Network Automation Market

Report ID: SQMIG45E2075

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