Network Automation Market Overview:
The global Network Automation Market is expected to grow USD 106.97 billion by 2030, at a CAGR of 10.05% from 2022 to 2030. The market is being driven by the need for bandwidth management, the increasing adoption of SD-WAN and network virtualization, and the growing demand for cloud-based network automation solutions.
Key Players in the Market:
Some of the key players in the network automation market include:
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- IBM Corporation
- Micro Focus International plc
- NetBrain Technologies Inc.
- SolarWinds Inc.
- Riverbed Technology, Inc.
- BMC Software
- Apstra
- BlueCat
- Entuity
- Veriflow Systems
Market Segmentation:
The network automation market overview is segmented based on component, network infrastructure, deployment, organization size, vertical, and region.
- Component: The component segment includes software, hardware, and services. The software segment is expected to grow at the highest CAGR during the forecast period.
- Network Infrastructure: The network infrastructure segment includes physical network configuration, virtual network configuration, and hybrid network configuration. The hybrid network configuration segment is expected to grow at the highest CAGR during the forecast period.
- Deployment: The deployment segment includes on-premises and cloud-based. The cloud-based deployment segment is expected to grow at the highest CAGR during the forecast period.
- Organization Size: The organization size segment includes small and medium enterprises (SMEs) and large enterprises. The large enterprise segment is expected to hold the largest market share during the forecast period.
- Vertical: The vertical segment includes BFSI, telecom, IT and telecom, healthcare, government, manufacturing, retail, and others. The BFSI vertical is expected to grow at the highest CAGR during the forecast period.
- Region: The region segment includes North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold the largest market share during the forecast period.
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Need for Bandwidth Management:
The increasing demand for bandwidth-intensive applications, such as video streaming and cloud computing, is driving the need for bandwidth management. Network automation solutions can help to optimize network bandwidth by automating tasks such as traffic shaping, QoS, and bandwidth allocation.
Adoption of SD-WAN and Network Virtualization:
The increasing adoption of SD-WAN and network virtualization is also driving the growth of the network automation market. SD-WAN solutions can help to improve network performance and reliability by dynamically routing traffic across multiple links. Network virtualization solutions can help to improve network agility and scalability by allowing network resources to be provisioned and managed in a virtualized environment.
Growing Demand for Cloud-Based Network Automation Solutions:
The growing demand for cloud-based network automation solutions is also contributing to the growth of the market. Cloud-based network automation solutions offer several advantages over on-premises solutions, such as scalability, flexibility, and cost-effectiveness.
Key Market Trends:
The following are some of the key trends in the network automation market:
- The increasing adoption of SDN and NFV
- The growing demand for cloud-based network automation solutions
- The increasing focus on security and compliance
- The growing need for big data analytics in network automation
Market Outlook:
The network automation market is expected to grow at a significant pace during the forecast period. The growth of the market is being driven by the increasing demand for bandwidth management, the increasing adoption of SD-WAN and network virtualization, and the growing demand for cloud-based network automation solutions.
The market is also expected to be driven by the increasing focus on security and compliance in the networking industry. Network automation solutions can help to improve network security by automating tasks such as vulnerability scanning and patch management.
The market is also expected to be driven by the growing need for big data analytics in network automation. Big data analytics can be used to analyze network data to identify trends and patterns that can help to improve network performance and reliability.
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Challenges:
The network automation market faces several challenges, including:
- The lack of skilled professionals
- The high cost of network automation solutions
- The complexity of network automation solutions
Conclusion:
The network automation market is expected to grow at a significant pace during the forecast period. The growth of the market is being driven by the increasing demand for bandwidth management, the increasing adoption of SD-WAN and network virtualization, and the growing demand for cloud-based network automation solutions.
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