Network Automation Market Size Worth USD 90.3 Billion by 2032 | IMARC Group

The latest report by IMARC Group, titled “Network Automation Market Report by Component (Solution, Services), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-size Enterprises), Network Type (Physical, Virtual, Hybrid), End Use Industry (IT and Telecom, Manufacturing, Energy and Utility, Banking and Financial Services, Education, and Others), and Region 2024-2032”. Offers a comprehensive analysis of the industry, which comprises insights on the market.

What is the value of network automation market?

The global network automation market size reached US$ 20.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.3 Billion by 2032, exhibiting a growth rate (CAGR) of 17.6% during 2024-2032.

Factors Affecting the Growth of Network Automation Industry:

• Increasing Complexity of Networks:

The escalating complexity of modern networks stands as a primary driving force propelling the network automation market forward. As networks expand to accommodate growing data volumes and diverse device types, managing them manually becomes increasingly challenging and inefficient. Traditional network management methods struggle to keep pace with the rapid changes and demands imposed by dynamic environments. Consequently, organizations are turning to automation solutions to streamline operations and enhance efficiency. Automation tools offer advanced capabilities such as intelligent provisioning, configuration management, and policy enforcement, enabling organizations to automate repetitive tasks, optimize resource utilization, and ensure consistent network performance. Moreover, the proliferation of cloud-based services, IoT devices, and virtualized infrastructure further exacerbates network complexity, necessitating automated solutions to orchestrate and manage these intricate ecosystems effectively. Therefore, the escalating complexity of networks serves as a compelling catalyst driving the adoption of automation technologies across industries.

• Rising Demand for Enhanced Operational Efficiency:

Another key factor driving the network automation market is the mounting pressure on organizations to enhance operational efficiency and agility. In the hyper-connected digital landscape, businesses rely heavily on network infrastructure to support critical operations, deliver seamless services, and facilitate communication and collaboration. However, manual network management processes often result in inefficiencies, delays, and errors, undermining operational effectiveness and hindering business growth. Network automation solutions offer a viable remedy by automating routine tasks, accelerating deployment cycles, and minimizing human intervention in network operations. By automating provisioning, configuration, and troubleshooting processes, organizations can streamline workflows, reduce downtime, and improve service quality.

• Emphasis on Cost Optimization and Resource Allocation:

Cost optimization and resource allocation represent significant drivers fueling the adoption of network automation solutions across industries. In the competitive business landscape, organizations face mounting pressure to optimize costs, maximize resource utilization, and drive greater value from their IT investments. Manual network management practices often entail high labor costs, inefficiencies, and resource wastage, exerting a strain on operational budgets and hindering profitability. Network automation offers a compelling solution by automating repetitive tasks, standardizing configurations, and enforcing compliance policies, thereby reducing operational overheads and minimizing the risk of human errors. By automating routine maintenance, provisioning, and optimization processes, organizations can free up valuable IT resources, mitigate the need for extensive manual intervention, and redirect human efforts toward more strategic initiatives.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/network-automation-market/requestsample

Major Companies Share in Network Automation Industry:

• AppViewX Inc.
• BMC Software Inc.
• Cisco Systems Inc.
• Extreme Networks Inc.
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Juniper Networks Inc.
• Micro Focus International PLC
• Netbrain Technologies Inc.
• Solarwinds Corporation
• Vmware Inc.

Network Automation Market Report Segmentation:

By Component:

• Solution
  • Network Automation Tools
  • SD-WAN and Network
  • Virtualization
  • Internet-Based Networking
• Services
  • Professional Service
  • Managed Service

Solutions dominate the market due to the comprehensive nature of network automation solutions, which encompass a wide range of software, platforms, and tools designed to address diverse automation needs across networking infrastructure.

By Deployment Mode:

• On-premises
• Cloud-based

On-premises hold maximum number of shares due to the persistent preference of certain industries, such as banking and healthcare, for maintaining direct control over sensitive data and infrastructure within their own premises.

By Organization Size:

• Large Enterprises
• Small and Medium-size Enterprises

Large enterprises represent the largest segment due to their extensive network infrastructure, complex operational requirements, and substantial investments in technology, necessitating robust network automation solutions to streamline operations and ensure efficient resource management.

By Network Type:

• Physical
• Virtual
• Hybrid

Physical network dominates the market due to the foundational necessity of physical infrastructure in establishing and maintaining network connectivity, including hardware components such as routers, switches, and cables.

By End Use Industry:

• IT and Telecom
• Manufacturing
• Energy and Utility
• Banking and Financial Services
• Education
• Others

IT and telecom hold maximum number of shares due to its extensive reliance on network infrastructure and the critical role of automation in enhancing operational efficiency, scalability, and service delivery within this rapidly evolving domain.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America’s dominance in the network automation market is attributed to its early adoption of advanced technology, robust infrastructure, and high investments in digital transformation initiatives.

Global Network Automation Market Trends:

The escalating threat landscape and the increasing sophistication of cyberattacks are driving organizations to invest in network automation solutions as a means of bolstering cybersecurity defenses. With the proliferation of interconnected devices and the rising volume of sensitive data traversing networks, the risk of security breaches and data breaches has become a paramount concern for businesses across industries. Manual network management practices often introduce vulnerabilities and gaps in security protocols, leaving networks susceptible to exploitation by malicious actors. Network automation offers a proactive approach to cybersecurity by enabling continuous monitoring, threat detection, and rapid response capabilities. Automated security protocols can swiftly identify anomalies, enforce access controls, and remediate security incidents in real-time, thereby enhancing overall cybersecurity posture.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5221&flag=C

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Created on Apr 26th 2024 07:58. Viewed 68 times.

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