The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Network Automation Market. The growth sectors of the Network Automation Market are identified with precision for a better growth perspective.
The global network automation market is expected to attain a market valuation of USD 27 Bn, at an astounding CAGR of 49% over the forecast period of 2017-2023, projects Market Research Future (MRFR) in a detailed study. Network automation refers to managing and executing network process through the integration of software and network solutions
Network automation adoption is associated with numerous benefits which include improved efficiency, low operational expense, and reduction in the possibility of errors, and improved business continuity and agility. The high rate of adoption of smart connected devices across diverse industries is one of the primary reasons driving the growth of the global network automation market. The proliferation of Smart connected devices has resulted in increased complexity of networks which augments the need for new approaches, tools, and technologies to improve agility and respond to advanced business demand. As enterprises are increasingly adopting virtual and software-defined wine area network infrastructure, the demand for networking automation is also growing which is fuelling the growth of the market. Other factors boosting the growth of the global network automation market include high adoption rate of network automation solutions among SMEs and substantial investment in R&D.
The global network automation market has been segmented based on component, network infrastructure, deployment, organization size, and vertical.
By component, the global network automation market has been segmented into solution and services.
The solution segment has been segmented into SD-WAN, network automation tools, and intent-based working. The services segment has been segmented into professional and managed services.
By network infrastructure, the global network automation market has been segmented into physical network configuration, virtual network configuration, and hybrid network configuration.
By deployment, the global network automation market has been segmented into on-cloud and on-premise.
By region, the global network automation market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is expected to domineer the global network automation market. The high adoption rate of smart connected devices and the existence of key players in the region spur the growth of the market in North America.
Europe is the second largest market for network automation. Consistent demand for network automation from the manufacturing and BFSI sectors is contributing to the growth of the Europe market.
The notable players in the global network automation market include Micro Focus International plc (U.K), Riverbed Technology, Inc. (U.S.), BlueCat (Canada), Apstra (U.S.), IBM Corporation (U.S.), Entuity (U.K), Cisco Systems, Inc. (U.S.), NetBrain Technologies Inc. (U.S.), Veriflow Systems (U.S.), BMC Software (U.S.), Juniper Networks, Inc. (U.S.), and SolarWinds Inc. (U.S.).
Some of the market players who are involved in innovation include Anuta Networks (U.S.), puppet (U.S.), Infoblox (U.S.), Accenture PLC (Ireland), Network to Code (U.S.), 6connect, Inc. (U.S.), Efficient IP (U.S.), FedTech Services (Canada), HelpSystems, LLC (U.S.), and Triangular Automation (India).
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