The global Network Automation Market is estimated to be valued at US$ 22.17 Bn in 2023 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Network automation includes software and tools for automating network infrastructure lifecycle including configuration, management, deployment and diagnostics. It provides benefits such as improved efficiency, reduced human errors and cost savings for network operations.
Market key trends:
One of the major trends in the network automation market is the increasing adoption of cloud-based network automation solutions. Cloud-based automated solutions offer advantages such as scalability, flexibility, lower upfront costs and easy deployment and management over on-premises solutions. They reduce network complexities and enable remote access and centralized control of network devices from any location. Various network automation vendors are focusing on developing cloud-based solutions to cater to the rising demand from end-users shifting workloads to public and hybrid clouds. For example, Cisco SD-WAN Cloud OnRamp enables enterprises to connect any site to Cisco Cloud OnRamp through the Cisco SD-WAN.
SWOT Analysis
Strength: Network Automation helps reduce complexities and improves operational efficiency. It automates routine networking tasks which reduces the burden on IT staff and enables them to focus on more strategic activities.
Weakness: Lack of skilled networking engineers can pose challenges in implementing network automation solutions. Proper training is required for network teams to efficiently manage automated systems.
Opportunity: Growing adoption of cloud computing and virtualization is increasing the need for network automation. Automation helps simplify hybrid network environments spread across physical, virtual and cloud infrastructures.
Threats: Reluctance to replace legacy systems can restrain network automation adoption. Security risks also act as a barrier if automation platforms are not properly configured and managed.
Key Takeaways
The Global Network Automation Market Size is expected to witness high growth, exhibiting a CAGR of 23.4% over the forecast period, due to increasing network complexities faced by organizations. Rapid business transformation initiatives involving digital technologies are generating heavy network traffic and making infrastructure management difficult without automation.
Regional analysis: North America is expected to dominate the network automation market, owing to large-scale deployments of advanced technologies by many organizations in the region. However, Asia Pacific is likely to offer lucrative opportunities with major untapped growth potential. China, Japan and India are investing heavily in building smart infrastructure and 5G networks, which will drive the need for automating network operations.
Key players operating in the Network Automation are Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage Networks, IBM Corporation, NetBrain Technologies Inc., AppViewX Inc., Micro Focus International PLC, Fujitsu Limited, Arista Network Inc., SolarWinds Inc., Forward Networks Inc. and Network Automation Inc. These players are focusing on developing enhanced automation solutions through partnerships and acquisitions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
