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

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 process of automating both virtual and physical device configuration, management, testing, deployment, and operations within a network is known as network automation. It's the process by which network device configuration, provisioning, management, and testing are all done automatically by software. Many businesses and service providers utilise it to increase productivity, save operational costs, and minimise human error. From simple network mapping and device discovery to more intricate operations like network configuration management and virtual network resource provisioning, network automation functions offer a wide range of capabilities. It facilitates automated provisioning of virtual network tenants and functions, including virtual load balancing, and plays a significant part in software-defined networks, network virtualization, and network orchestration. 

The global network automation market is expected to grow as a result of several factors, including the rise in the use of smart and connected devices and the adoption of automation technologies like artificial intelligence (AI) and machine learning, which allow businesses to better troubleshoot network issues through real-time data monitoring. The global network automation market is also growing as a result of an increase in start-ups providing solutions for network automation and network downtime brought on by human error. The global network automation market isn't expanding as quickly, though, as open-source automation solutions are readily available. Additionally, it is projected that the market would present significant potential due to the adoption of advanced networking solutions by various SMEs and the increase in R&D investments in network automation by various SMEs.